Sagaliam Acquisition (SAGA)
Search documents
SAGA Metals Completes Annual Work Program at North Wind Iron Ore Project & Provides Corporate Update
Globenewswire· 2025-12-30 13:00
Core Insights - SAGA Metals Corp. has announced positive results from its follow-up field program at the North Wind Iron Ore project, indicating significant potential for iron ore exploration in Labrador, Canada [1][3][15] Project Overview - The North Wind Iron Ore property is located 16 kilometers southwest of Schefferville, Quebec, within the resource-rich Labrador Trough, known for its world-class iron ore deposits [3] - The property spans 6,375 hectares across 255 claim blocks and includes a historical resource estimate compliant with NI 43-101, completed in 2013 [8] Field Program Highlights - The 2025 field program involved the collection of 38 rock samples, with 17 samples exceeding 30% Fe₂O₃, and the highest sample returning 79.26% Fe₂O₃ from the Middle Iron Formation [9][12] - The program confirmed the presence of high-grade iron ore potential, with iron content in grab samples from the Sokoman Formation reaching as high as 84.57% Fe₂O₃ [6][17] Mineralization and Geological Insights - Extensive mineralization was identified over a 4 km NW-SE trend, with surface thickness ranging between 600 and 700 meters, indicating the project's potential scale [6] - The geological framework includes significant iron ore types, with historical exploration data showing an average of 20.74% Total Fe over 590 meters drilled [8] Analytical Techniques - Davis Tube Magnetic Separation techniques were employed to analyze the samples, confirming the presence of magnetite-rich taconite ore and providing robust measurements of magnetite content [13] - Results from these tests indicate favorable comparisons to historical deposits in the region, which reported 20%–34% Davis Tube Weight Recovery [13] Corporate Developments - The company has entered into a marketing services agreement with Machai Capital Inc. to enhance investor awareness and communication, with a fee of C$400,000 over a 120-day term [22][23] - The agreement is subject to approval by the TSX Venture Exchange [24]
SAGA Metals Defines Key Structural Geology at Trapper South & Provides Corporate Update
Globenewswire· 2025-12-17 13:00
Core Insights - SAGA Metals Corp. has successfully completed the logging of all eight drill holes in the Trapper zone and has sent three additional holes for analysis, indicating progress in critical mineral exploration [1][3][11] Drilling and Sampling Highlights - A total of 2,050 meters of drilling has been conducted across the Trapper North and South zones, confirming extensive oxide mineralization and validating a 3 km ground magnetic anomaly [3][15] - Five out of eight drill holes have been sent for assaying, totaling 473 samples, with a projected total of 1,313 samples expected to be shipped for analysis [3][11] - The assay turnaround time is estimated at 3 to 4 weeks once samples arrive at the lab [3] Geological Findings - Significant structural data has been identified in Trapper South, particularly in hole R-0014, which revealed impressive rhythmic magnetite layering and provided insights into the regional structural geometry [2][4][7] - The Western Anomaly in Trapper South has been defined with a strike length of 1.4 km and a width of approximately 150 m, while the Eastern Anomaly measures 700 m with a similar width [10] Future Plans and Objectives - The completion of the initial phases of the mineral resource estimate drill program will inform future drilling plans for early Q1 2026 [11][16] - The next drilling campaign will target the integration of structural interpretations and geological correlations to support a mineral resource estimate at the indicated level of confidence [17] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals, with the Radar Project encompassing 24,175 hectares and hosting the Dykes River intrusive complex [23][27] - The company aims to position itself as a strategic supplier of titanium, vanadium, and iron to North American markets, leveraging its unique geological assets [19][23]
SAGA Metals Completes Phase 2 of Major Drill Program at the Radar Project in Labrador—Confirms Extensive Oxide Mineralization in All Drill Locations at Trapper North and South Zones & Provides Corporate Update
Globenewswire· 2025-12-10 13:00
Core Insights - SAGA Metals Corp. has successfully completed diamond drilling in the Trapper South zone, totaling 977 meters across four drill holes, confirming extensive oxide mineralization [1][5][25] - The completion of Phases 1 and 2 of the mineral resource estimate drill program has validated a 3+ km magnetic anomaly within the Trapper zone, with significant findings in both the North and South targets [3][5][25] - The company has raised $6 million through an oversubscribed brokered LIFE Offering, positioning it to advance its critical drill program [3][5] Trapper South Zone Summary - All four drill holes in the Trapper South zone have intercepted rhythmic oxide layering, with significant cumulative thicknesses reported [6][7] - Drill hole R-0012 encountered 59.88 meters of rhythmic oxide layering, while R-0013 reported 174.87 meters of oxide, confirming the strong magnetic response [7][8] - Logging of drill holes R-0014 and R-0015 is ongoing, with expectations to report on lithological observations soon [6] Trapper North Zone Summary - Drilling in the Trapper North zone has completed 1,073 meters across four diamond drill holes, targeting a strong magnetic anomaly [11][12] - The drilling has revealed variations in structural attitudes, mapping an open anticline with significant thicknesses of oxide units [12] - Initial samples from drill holes R-0008 and R-0009 have been sent for assay, with results expected in the coming weeks [13] Drill Program Objectives - The objectives of Phases 1 and 2 include gathering structural, geometrical, and mineralogical information to set the stage for a robust 2026 maiden resource estimate [16][18] - The planned 15,000 meters of drilling aims to establish grade continuity across a 3 km strike length and integrate structural insights into future drilling designs [18][21] Company Overview - SAGA Metals Corp. is focused on the exploration of critical minerals, with the Radar Titanium Project covering 24,175 hectares and hosting a large mineralized layered mafic intrusion [28][31] - The company also holds the Double Mer Uranium Project and the Legacy Lithium Property, positioning it strategically in the critical minerals sector [29][30]
SAGA Metals Announces Closing of Oversubscribed Brokered LIFE Offering for Gross Proceeds of C$6.0 Million
Globenewswire· 2025-12-05 18:08
Core Viewpoint - SAGA Metals Corp. successfully closed a private placement offering, raising approximately C$6 million, which will fund its exploration activities and support its 2026 drill program on the Radar Project [1][4]. Group 1: Offering Details - The private placement included the sale of 7,761,362 units at C$0.44 each and 5,170,000 flow-through units at C$0.50 each, resulting in total gross proceeds of about C$6 million [1][2]. - Each unit consists of one common share and one warrant, while each flow-through unit includes one flow-through share and one warrant, with warrants exercisable at C$0.60 until December 5, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the company's properties in Labrador, Canada, as well as for working capital and general corporate purposes [3]. - The gross proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the Radar Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security, with significant projects including the Radar Titanium Project and the Double Mer Uranium Project in Labrador [9][10]. - The Radar Titanium Project encompasses 24,175 hectares and has confirmed mineralization across a 1.5 km zone, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium grades [9].
SAGA Metals Completes Phase 1 & Commences Phase 2 of Drilling at Radar Project in Labrador—Confirms Extensive Oxide Mineralization Over 1.5 Km & Provides Corporate Update
Globenewswire· 2025-12-03 13:00
Core Insights - SAGA Metals Corp. has successfully completed the first phase of drilling in the Trapper Zone, confirming extensive oxide mineralization over 1.5 km of the 3+ km strike within the Radar Project's Trapper Zone [1][2][4] Drilling Program Details - Phase 1 drilling in Trapper North involved four drill holes totaling 1,073 m, targeting a strong magnetic anomaly identified in the 2025 ground geophysical survey [4][18] - Phase 2 has commenced in Trapper South, with two drill holes completed to date, totaling 445 m [1][4] - Drill holes R-0008, R-0009, and R-0010 demonstrated significant semi-massive to massive oxide mineralization, with cumulative core lengths of 156 m, 165 m, and 139.5 m respectively [2][7][8] Geological Insights - The drilling has confirmed a likely structural repetition of cumulate oxide layers, indicating a strong magnetic response [2][8] - R-0011 intersected both semi-massive to massive cumulate oxides and a separate unit of rhythmic banded oxide mineralization, further supporting the geological model [2][8] Sample and Assay Updates - The first 420 core samples from the Fall 2025 Drill Program have been shipped, with results expected within 3 to 4 weeks [9][10] - The sampling interval has been adjusted to 2.0 m based on previous assay results from the Hawkeye zone [9] Future Plans - The drilling program aims to establish a maiden mineral resource estimation with a total of 15,000 m planned [19] - The company will continue drilling in both the North and South sections of the Trapper Zone before the seasonal break, focusing on understanding grades, widths, and structures [18][14] Strategic Positioning - The Radar Project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [20][26] - SAGA Metals Corp. is focused on critical minerals that support North America's supply security, with a diverse portfolio including the Radar Titanium Project and other properties [26][29]
SAGA Metals Reports First Drill Hole at Trapper North Zone of Radar Property Intercepts Extensive Oxide
Globenewswire· 2025-11-18 13:00
Core Insights - SAGA Metals Corp. has completed the first drill hole (R-0008) of its 2025-2026 drill program at the Trapper Zone of the Radar Titanium-Vanadium-Iron Project, indicating significant mineralization potential [1][6][10] Drill Program Details - The drilling employs oriented NQ core to gather detailed structural data, utilizing specialized survey tools to model geological features [3] - The program focuses on 100-meter-spaced section drilling across TMI magnetic-high anomalies identified in the 2025 summer field program [3] Drill Hole R-0008 Findings - Drill hole R-0008 intercepted 156 meters of semi-massive to massive oxide layering, with oxide content ranging from 35% to 90% [6][7] - The hole provided valuable insights into the structural geometry of the igneous layering, including localized mylonitic shearing and faulting [6][7] Ongoing and Future Drilling - The second drill hole (R-0009) is currently active at a depth of 200 meters, expected to add further data on the oxide layering [7] - The drilling campaign aims to establish a maiden mineral resource estimation, with plans for a 15,000-meter diamond drilling program [12][13] Geological Context - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with geological mapping confirming oxide layering over more than 20 kilometers [9] - The vanadiferous titanomagnetite mineralization at Radar is comparable to global Fe–Ti–V systems, positioning the project as a potential strategic supplier for North American markets [10] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for North America's supply security, with a diverse portfolio including the Radar Titanium Project and the Double Mer Uranium Project [18][19][20]
SAGA Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-11-12 22:51
Core Viewpoint - SAGA Metals Corp. has announced a private placement offering to raise between C$3,000,000 and C$5,000,000 to fund exploration activities and general corporate purposes, particularly focusing on its properties in Labrador, Canada [1][4]. Group 1: Offering Details - The private placement will consist of Units, Flow-Through Units (FT Units), and Charity FT Units, with each Unit priced at C$0.44, FT Units at C$0.50, and Charity FT Units at C$0.66 [8]. - Each Unit will include one common share and one warrant, while FT Units and Charity FT Units will consist of a flow-through share and one warrant [2][3]. - The offering is expected to close on December 5, 2025, subject to regulatory approvals [9]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Company's properties in Labrador, including the Radar Project, and for working capital [4]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses related to critical mineral mining [5]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security [11]. - The company’s Radar Titanium Project spans 24,175 hectares and has confirmed significant mineralization, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium samples [11][12]. - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [12][13].
SAGA Metals Commences Drilling Campaign to Advance Mineral Resource Estimate at Radar Project in Labrador
Globenewswire· 2025-11-11 14:00
Core Insights - SAGA Metals Corp. has initiated Phase 1 diamond drilling at the Trapper Zone of its Radar Titanium-Vanadium-Iron Project, aiming to advance towards a maiden indicated Mineral Resource Estimate [1][4][16] Drilling Program Overview - The Phase 1 program will involve up to 15,000 meters of diamond drilling across approximately 25-30 holes, with an average depth of 250-300 meters, targeting the main oxide layer along a 3.3 km magnetic anomaly [4][10] - The drilling will be conducted by Gladiator Drilling Inc., the same contractor that successfully executed the previous drilling program at the Hawkeye Zone [4][10] - Initial drilling will focus on both North and South sections of the Trapper Zone to assess grade, width, and structural continuity, with results expected to inform a maiden MRE anticipated in H2 2026 [4][10][17] Geological and Mineralization Insights - The Trapper Zone is characterized by vanadiferous titanomagnetite (VTM) mineralization, which is comparable to major global deposits such as Panzhihua in China and Bushveld in South Africa [15] - Geological mapping and geophysical surveys have confirmed oxide layering across more than 20 km of strike length, indicating significant mineralization potential [14][15] Strategic Importance - The project is positioned to become a strategic supplier of critical minerals, including titanium, vanadium, and iron, to North American markets amid rising demand driven by green energy transitions [16][22] - The systematic approach to drilling and resource definition aims to de-risk the project and facilitate potential partnerships in the mining sector [16]
SAGA Metals Provides Update on Double Mer Uranium Project: A Well-Positioned Asset in North America as the Uranium Boom Accelerates
Globenewswire· 2025-11-03 14:00
Core Insights - SAGA Metals Corp. is strategically positioned to benefit from the growing demand in the uranium sector driven by global nuclear commitments and AI infrastructure needs [1][12][14] Company Overview - SAGA Metals Corp. is a North American exploration company focused on critical mineral discoveries, particularly in uranium [1][21] - The company owns the Double Mer Uranium Project in Labrador, Canada, which spans 25,600 hectares and is drill-ready [2][9] Double Mer Uranium Project - The Double Mer Uranium Project is located 90 km northeast of Happy Valley-Goose Bay and is near significant uranium discoveries [2][22] - The project features an 18-kilometer uranium-rich trend with identified high-potential zones for drilling: Luivik, Nanuk, and Katjuk [5][9] - Recent exploration confirmed uranium oxide (U3O8) concentrations as high as 0.428% and radiometric peaks up to 27,000 CPS [5][12] Market Dynamics - The uranium market is experiencing a renaissance, with a notable $80 billion partnership between Cameco Corporation, Brookfield Renewable Partners, and the U.S. government to deploy nuclear reactors [13] - Global reactor demand is projected at 180 million pounds U3O8, consistently outpacing primary production, leading to a structural deficit [14] - The World Nuclear Association forecasts a 25-28% increase in uranium demand by 2030, driven by over 60 new reactors under construction [14] Demand Drivers - The AI revolution is expected to double electricity consumption from data centers by 2030, increasing reliance on nuclear power for its reliability and low-carbon profile [15] - Major tech firms are investing in nuclear energy to support their operations, highlighting the growing intersection between technology and energy needs [15] Government Initiatives - The U.S. government is taking steps to secure domestic uranium supply, including executive orders to expand uranium mining and processing [16] - The Uranium for Energy Independence Act of 2025 incentivizes U.S.-sourced uranium purchases, further supporting domestic projects like SAGA's [16]
David Oyelowo, Tantoo Cardinal, and Henry Witcher Join Acclaimed Cast of Angel and Shining Isle's Animated Series THE WINGFEATHER SAGA
Prnewswire· 2025-10-31 13:53
Core Insights - The Wingfeather Saga Season 3: The Ice Prairies is set to premiere on November 12, 2025, exclusively on Angel platforms, expanding the series' reach and audience engagement [1][8] - The series has successfully raised over $7 million through crowdfunding, making it one of the largest crowdfunded family animated series ever produced [6] - The cast for Season 3 includes notable actors such as David Oyelowo and Tantoo Cardinal, enhancing the series' appeal with their performances [2][3] Company Overview - Angel (NYSE: ANGX) is a media and technology company with 1.5 million grassroots Angel Guild members who influence programming decisions, acting as virtual co-producers [9][10] - The company has released over 40 films and 20 television series, including the successful "Sound of Freedom," which grossed over $250 million globally [10] - Angel's focus on values-based storytelling resonates with its audience, driving engagement and viewership across its platforms [9][10] Industry Context - The Wingfeather Saga is based on Andrew Peterson's bestselling fantasy novels, blending cinematic animation with themes of family and courage, appealing to a broad audience [6][11] - The upcoming release of The Wingfeather Saga: The Journey Begins offers a reimagined experience of the first two seasons, catering to both existing fans and new viewers [7][8] - The animation studio Shining Isle Productions utilizes advanced technology, including Unreal Engine, to enhance the production quality of the series [11]