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].

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]