Core Viewpoint - SAGA Metals Corp. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,239,700.10, with plans to close the final tranche by June 25, 2025 [1][2]. Group 1: Financial Details - The first tranche generated $444,200.10 from 1,480,667 flow-through units priced at $0.30 each and $795,500 from 3,182,000 hard dollar units priced at $0.25 each [2]. - The company paid $31,710.01 in finder's fees and issued 108,616 finder's warrants, each allowing the purchase of one common share at $0.50 for 24 months [5]. Group 2: Securities and Use of Proceeds - The flow-through units consist of one common share and one transferable common share purchase warrant, with the warrant exercisable at $0.50 for 24 months [3]. - The gross proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining in Labrador, while the net proceeds from hard dollar units will be used for administrative and general working capital [7]. Group 3: Insider Participation and Regulatory Notes - Certain insiders acquired 442,000 hard dollar units for $110,500, which is classified as a related party transaction exempt from formal valuation and minority shareholder approval [8]. - The securities issued have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without exemptions [9].

Core Insights - SAGA Metals Corp. has announced additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, confirming the presence of a strong magnetic anomaly and extensive mineralization [1][8][12] Drilling Results - Key drill intercepts from holes HEZ-05 and HEZ-07 show high-grade mineralization, with notable samples reporting iron (Fe) grades up to 45.4%, titanium dioxide (TiO₂) up to 9.1%, and vanadium pentoxide (V₂O₅) up to 0.66% [2][3][7] - HEZ-07 reported a 20.2-meter intercept grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅, while HEZ-05 reported a 25.0-meter intercept grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅ [12][7] Geological Assessment - The assessment of drill holes HEZ-05 and HEZ-07 confirmed a consistent Ti-V-Fe relationship, with significant titanomagnetite content averaging over 25% in both holes [4][8] - Geological correlations indicate continuity of oxide layering down to a vertical depth of 300 meters, with massive to semi-massive oxide layers identified [5][10] Project Overview - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][24] - The Dykes River intrusive complex has gained attention due to its extensive Ti-V-Fe rich layers, with a 20 km long exploration target identified [17][18] Future Exploration Plans - Following the successful results, SAGA Metals plans to expand exploration systematically, utilizing magnetic surveys and targeted drilling to further assess the 20 km strike extent of the oxide layering zone [14][15]

Company Overview - SAGA Metals Corp. is a North American exploration company focused on discovering critical minerals that support the global transition to green energy [5] - The company's flagship asset is the Double Mer Uranium Project in Labrador, Canada, covering 25,600 hectares with significant uranium radiometrics [5] - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [6] - Additional exploration assets are located in Labrador, targeting titanium, vanadium, and iron ore [7] Key Appointment - Vernon Shein has been appointed to SAGA's board of advisors, bringing 39 years of exploration industry experience [2] - Shein previously served as Exploration Manager for Bema Gold Corp. and B2Gold, overseeing projects from exploration to production [2][3] - His notable projects include the Kupol Mine in Russia, Jabali Mine in Nicaragua, and the Montana open pit at the Masbate Mine in the Philippines [3] Strategic Focus - The initial focus for SAGA will be on the Radar Ti-V-Fe project near Cartwright, Labrador, which has shown exceptional results from its maiden drill program [4] - The company aims to fast track the Radar project towards advanced development, leveraging Shein's expertise [4] - Shein expressed enthusiasm for SAGA's diversified exploration programs targeting critical minerals essential for the green energy transition [4]

Core Insights - SAGA Metals Corp. has expanded its Radar Ti-V-Fe Project by adding 97 new claims, increasing the total area to 24,175 hectares [1][2] - The Radar Property is strategically located near Cartwright, Labrador, providing significant infrastructure advantages [2][7] - Recent drilling results confirm the presence of massive to semi-massive oxide layering with vanadiferous titanomagnetite (VTM) mineralization, indicating potential for simplified metallurgical processing [10][13] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for the green energy transition [16][18] - The company also holds the Double Mer Uranium Project and the Legacy Lithium Property, expanding its portfolio in critical mineral exploration [16][17] Project Details - The Radar Property now fully encompasses the Dykes River intrusive complex, which has geological similarities to large AMCG-type intrusions [2] - Airborne magnetic surveys have identified a 20-kilometer exploration target within the mafic oxide layer [3][12] - The drilling program has confirmed significant widths of VTM mineralization, with notable intercepts including 31.5m at 25.95% Fe, 5.34% TiO2, and 0.28% V2O5 [13] Infrastructure and Location - The Radar Property benefits from excellent infrastructure, including road access, a deep-water port, and proximity to hydroelectric power [7][2] - The location's advantages are expected to facilitate further exploration and development of the project [4] Future Plans - Following the success of the initial drilling program, SAGA plans to extend its exploration efforts across five priority targets along the 20 km strike length of the oxide layer [14]

Core Viewpoint - CHAR Technologies Ltd. is collaborating with Synagro Technologies and the Baltimore City Department of Public Works to demonstrate a high-temperature pyrolysis (HTP) process aimed at destroying PFAS chemicals from biosolids, showcasing a significant advancement in sustainable waste management solutions [1][6][7]. Group 1: Project Overview - The demonstration of the HTP process will take place on May 9, 2025, at the Synagro Back River Facility, coinciding with the Water Environment Federation's conference [2]. - Following the demonstration, Synagro and CHAR Tech will conduct evaluations from May to December 2025 to assess the effectiveness of the HTP process in PFAS destruction [3]. Group 2: Technology and Benefits - CHAR Tech's HTP technology converts organic materials into renewable energy and bioproducts, including biochar and syngas, through a process that avoids combustion and associated odors [5][12]. - The HTP process not only addresses PFAS contamination but also aligns with global green energy initiatives by converting waste into sustainable energy, thereby contributing to the decarbonization of heavy industries [13]. Group 3: Stakeholder Perspectives - Synagro's Chief Commercial Officer expressed enthusiasm for the demonstration, highlighting its role in meeting future customer needs through innovative solutions [4]. - The CEO of CHAR Tech emphasized the project's significance in addressing critical environmental challenges [6]. - The Director of the Baltimore City Department of Public Works noted the commitment to environmental leadership and innovation through support for technologies that convert waste into usable resources [7].

Core Insights - SAGA Metals Corp. has announced promising drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project in Labrador, Canada, indicating significant mineralization potential [1][10][12] Exploration and Drilling Details - The initial drill program consisted of 7 holes totaling 2,200 meters, targeting a magnetic anomaly identified in previous surveys, with drilling reaching depths of 200 meters [2][11] - The drilling confirmed the presence of a titanomagnetite mineralization system, which is advantageous for simplified metallurgical processing [10][12] Key Drill Results - Significant intercepts from the first two holes include: - HEZ-01: 31.5 meters grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅ [6][7] - HEZ-04: 50 meters grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅ [6][7] - High-grade samples from HEZ-01 and HEZ-04 showed exceptional grades, with some samples exceeding 60% titanomagnetite content [10][12] Geological Context and Future Plans - The Radar Property encompasses a 20 km long oxide layering zone, with the current drilling covering only 1/40th of this area [11][16] - The company plans to expand exploration systematically, utilizing magnetic surveys followed by targeted drilling to identify the most prospective targets [11][13] Company Overview - SAGA Metals Corp. is focused on the exploration of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [20][22] - The company also holds other significant projects, including the Double Mer Uranium Project and the Legacy Lithium Property, positioning it strategically in the mining sector [20][21]

Financing Overview - SAGA Metals Corp. plans to complete a non-brokered private placement financing for total gross proceeds of C$2,500,000, consisting of 2,500,000 flow-through common share units at C$0.30 per unit and 7,000,000 hard dollar common share units at C$0.25 per unit [1][2] - The flow-through units will include one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one common share at C$0.50 for 24 months from the closing date [2][3] - The hard dollar units will consist of one common share and one warrant with the same purchase terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining expenditures on the company's properties in Labrador, particularly the Double Mer Uranium Project [6] - Net proceeds from the hard dollar units will be used for administrative and general working capital [6] Marketing and Consulting Agreements - The company has entered into a digital marketing services agreement with Machai Capital Inc. for a fee of C$200,000 over a 60-day term to enhance investor awareness and communication [9][11] - A consulting agreement with Simone Capital Corp. has also been established, providing various marketing services for a fee of C$10,000 per month over a 180-day term [13][14] Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, with its flagship asset being the Double Mer Uranium Project in Labrador, covering 25,600 hectares [17] - The company also owns the Legacy Lithium Property in Quebec and has expanded its holdings through the Amirault Lithium Project, covering a total of 65,849 hectares [18] - Additional exploration assets in Labrador target titanium, vanadium, and iron ore, positioning the company strategically in the green energy transition [19]

TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is thrilled to announce CHAR Tech and The BMI Group, a leading industrial development company, intend to complete a non-brokered private placement for total gross proceeds of C$2,000,000 (the “Offering”) and that the two companies have signed a binding Letter of Intent (“LOI”) to establish the framework for a strategic partnership, including the acceleration o ...

Core Insights - SAGA Metals Corp. has completed its maiden drill program at the Radar Titanium-Vanadium project, with the final batch of core samples shipped for analysis [1][3] - The Town of Cartwright has expressed strong local support for the Radar Project, indicating community alignment with SAGA's exploration efforts [2] - The drill program confirmed a large mineralized layered mafic intrusion, with indications of original magmatic textures from over 1 billion years ago, highlighting the region's potential for critical metals [4] Drill Program Details - The initial drill program was planned for 1,500 meters but was expanded to 2,200 meters due to strong early results [3] - Key findings include 130-200 meters of intermittent magnetite layering and a consistent correlation between geophysical anomalies and mineralized zones [5][6] - Drill holes R25-HEZ-01 and R25-HEZ-04 were prioritized for analysis due to their strategic location [6] Future Exploration Plans - Following the success of the maiden drill program, SAGA has initiated a detailed magnetic and electromagnetic survey at the Trapper Zone to identify further drill targets [9][10] - The survey aims to develop a magnetic inversion model to delineate follow-up drill targets along a 20km oxide layer zone [9] - The geophysical work has been recognized as a guiding force for the company's exploration strategy, with plans to confirm the extent of the oxide layer through further drilling [12] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for the global transition to green energy, with significant assets in uranium and lithium [13][14][15] - The company holds the Double Mer Uranium Project in Labrador and the Legacy Lithium Property in Quebec, covering a total of 91,449 hectares [13][14]