Core Viewpoint - Americas Gold and Silver Corporation has entered into a joint venture with United States Antimony to construct and operate an antimony processing plant in Idaho's Silver Valley, aiming to secure the supply chain for this critical mineral in the U.S. [1][2] Group 1: Joint Venture Details - The joint venture will be 51% owned by Americas and 49% by US Antimony, providing a mine-to-finished antimony production solution [2] - The JV Facility will be constructed on permitted land at the Galena Complex, with an expected construction period of 18 months [7][10] - Governance will be managed by a six-member committee, with equal representation from both companies [7] Group 2: Strategic Importance - The joint venture is seen as a significant milestone for Americas, allowing the company to leverage its position as the largest antimony producer in the U.S. and enhance its role in the downstream antimony market [3][4] - The JV will enable Americas to capture 51% of the profits from the processing side, providing strong exposure to downstream profits that are currently unrealized [4] Group 3: Operational Synergies - The collaboration is expected to combine the strengths of both companies, with US Antimony bringing technical expertise and marketing networks to the venture [5][10] - In 2025, Americas produced 561,000 pounds of antimony contained in concentrate from the Galena Complex, indicating significant production potential [6] Group 4: Future Outlook - The joint venture aligns with U.S. government interests in critical minerals, and both companies are preparing to seek government funding to support the project [6][10] - Americas aims to aggressively grow production at the Galena Complex and other operations, positioning itself as a leading North American silver producer and a key source of U.S.-produced antimony [8]

Core Insights - SAGA Metals Corp. has commenced the 2026 phase of its maiden Mineral Resource Estimate drill program at the Trapper Zone within the Radar Titanium-Vanadium-Iron Project in Labrador, Canada [1][2] Drilling Program Details - The current drilling phase aims to expand and confirm extensive oxide zones identified in previous drilling, with the first hole, R-0016, initiated on Section S8 [2] - A total of 30 drill holes are planned, with the initial 10 expected to be completed within approximately five weeks, transitioning to the central portion of Trapper South thereafter [2][3] - All drill holes are designed with a -45° dip and 38° N-NE azimuth, targeting a prospective zone of rhythmic banding expected to range from 125 to 200 meters in width [3] Previous Drilling Results - Previous drilling in Q4 2025 demonstrated consistent high-grade titanium-vanadium-iron mineralization, with significant oxide concentrations across multiple zones [3] - Confirmed mineralization in 15 out of 15 drill holes completed in two primary zones, with notable intercepts including: - R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅ - R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅ - R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅ - R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅ - R-0007: 57.70 m grading 27.09% Fe₂O₃, 5.31% TiO₂, 0.365% V₂O₅ [11] Project Highlights - The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex, with geological mapping confirming oxide layering across more than 20 km of strike length [10] - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [12] Infrastructure and Accessibility - The Radar Project is well-serviced by road access, a deep-water port, nearby hydro-electric power, and an airstrip, enhancing its operational viability [11] Investor Relations and Marketing - The company has engaged multiple firms for investor relations and marketing services, including GMN for European marketing at a fee of $6,800 per month, and i2i Marketing Group with an increased budget of US$250,000 for corporate marketing services [16][17]

Core Viewpoint - SAGA Metals Corp. is accelerating the expiry of outstanding common share purchase warrants, which is expected to generate approximately $3.6 million in additional funding, enhancing the company's financial position and supporting its exploration strategy in 2026 [3][4]. Financing Details - The company issued a total of 6,637,667 warrants and 163,146 finder's warrants in the May Financing, and 555,750 finder's warrants in the October Financing, totaling 7,356,467 warrants [2]. - The acceleration of the warrants' expiry is triggered by the company's common shares closing at or above C$0.75 for 10 consecutive trading days, allowing the expiry date to be set to February 21, 2026 [3]. Financial Position - The company raised $9 million in Q4 2025 and has generated over $675,000 from warrant exercises since the beginning of 2026, positioning it in the strongest financial position in its history [3]. - The influx of funds from the accelerated warrant exercises will bolster the company's treasury and support its strategic initiatives [3]. Project Overview - The Radar Critical Mineral Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km [5][6]. - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [6]. Exploration Plans - The 2026 drill program will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 m) [8]. - Drilling will commence at the southeastern extent of Trapper South and will progress towards Trapper North, aiming to complete the remainder of the MRE drill campaign by spring [8]. Mineralization Results - Confirmed mineralization in 15 out of 15 drill holes, with significant oxide-rich intercepts reported, including grades of up to 50.67% Fe₂O₃, 10.15% TiO₂, and 0.339% V₂O₅ [10]. - The project has demonstrated exceptional grades and thicknesses, with semi-massive to massive oxide reporting up to 64.55% Fe, 13.3% TiO₂, and 0.66% V₂O₅ [10]. Company Background - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for North American supply security, with a portfolio that includes the Radar Ti-V-Fe Project and the Double Mer Uranium Project [12][13]. - The company is strategically positioned to play a significant role in critical mineral security, with properties covering a total of 65,849 hectares [16].

Group 1: US and EU Strategic Shifts - The US has prioritized critical mineral security, reshaping transatlantic relations and highlighting Europe's dependence on foreign suppliers [1][2] - The Trump administration emphasized Greenland's natural resources and strategic location as vital to US economic interests, aiming to diversify from Chinese-dominated supply chains [1][3] - The EU faces a dual challenge of strengthening defense capabilities and addressing vulnerabilities in rare earth elements (REEs) and critical minerals essential for clean energy and defense manufacturing [2][4] Group 2: Supply Chain Vulnerabilities - The World Economic Forum has warned of the EU's supply chain vulnerabilities, noting that China produces about 95% of the world's rare-earth oxides and supplies 70% of Europe's imports [4][6] - The EU sources 98% of its rare-earth magnet demand from Chinese suppliers, indicating a significant dependency on China for critical minerals [6][22] - Greenland is emerging as a strategic asset for European industries, with risks of falling behind in AI development and defense manufacturing without secure access to REEs [6][22] Group 3: Antimony's Strategic Importance - Antimony has become a critical mineral with strategic importance, particularly for defense applications, and Greenland has high-grade antimony deposits [8][9] - China, Russia, and Tajikistan control about 90% of global antimony production, with China using it as a geopolitical weapon in trade relations [11][12] - European antimony prices surged 437% between 2023 and 2025 due to supply disruptions, exacerbating shortages for munitions and defense technologies [15][16] Group 4: Efforts to Secure Supply - The US government plans to invest hundreds of billions of dollars into the mining sector to enhance domestic production of critical minerals [23] - A bipartisan group of US lawmakers introduced a bill to create a $2.5 billion stockpile of critical minerals to encourage domestic mining and refining [23] - Europe has a limited number of antimony miners, with demand expected to grow significantly, highlighting the need for increased supply efforts [16][18]

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]