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 a 4 km access trail in the Trapper zone, facilitating future drilling and exploration activities [1] - The Radar Titanium Project, covering 24,175 hectares, is strategically located near existing infrastructure, enhancing its exploration potential [2] - The project shows promise to become a globally significant vanadiferous titanomagnetite (VTM) project due to its large oxide layering and mineral tenures [3] Infrastructure Development - The 2025 summer field program included maintenance of the Cartwright Forest Service road, construction of a drill rig-compatible access trail, and trenching in the Trapper and Hawkeye zones [5][7] - A total of 504m (5,425ft) of VTM mineralization was exposed through trenching across the Trapper zone, indicating significant mineral presence [10] - The access trail and road maintenance enhance logistical efficiency for future exploration campaigns [12] Geophysical Surveys - Strong magnetic detection levels were reported over the Trapper zone anomalies, with readings exceeding 115,498 nT in the northern anomaly and over 113,000 nT in the southern anomaly [15] - The geophysical team is working to complete additional survey lines, which will be reported in future releases [16] Future Plans - SAGA aims to conduct a 10,000-15,000-meter drill program over the next 12 months, targeting a maiden resource calculation [17] - The company anticipates a reduction in drilling costs to approximately $300-$350 per meter due to infrastructure upgrades [17]

Core Insights - SAGA Metals Corp. has reported significant advancements in its exploration campaign at the Radar Project in Labrador, Canada, indicating geological similarities to the Panzhihua VTM operation in China, which is responsible for over 40% of global vanadium production [1][2][22]. Exploration Results - The Radar Project features a large oxide layering thickness and a near-monomineralic VTM composition, suggesting its potential to become a globally significant VTM project [2][21]. - The drilling program involved 2,209 meters of drilling and 2,943 assay samples, revealing a highly prospective Lower Cumulate Layer with a vanadium-rich basal layer [4][5][18]. - The mineralogy of the Radar Project is noted to be cleaner and coarser than most VTM deposits, with vanadium content comparable to Panzhihua [3][12]. Geological Context - The Radar Property spans 24,175 hectares and is well-supported by existing infrastructure, including road access and a deep-water port [6][29]. - The Dykes River Intrusive Complex, which the Radar Project encompasses, is recognized for hosting significant titanium-vanadium-iron oxide-bearing deposits [7][21]. Drilling and Assay Data - The Lower Cumulate Layer has been identified with thicknesses ranging from 300 to 400 meters, with the highest V2O5 assays located in the lower 100-200 meters [10][23]. - Significant drill intersections have been recorded, with length-weighted average grades of VTM ranging from 22.95% to 29.59% [13][23]. Future Plans - SAGA Metals plans to conduct further delineation drilling and initiate metallurgical testing in 2025, aiming to establish the Radar Project as a strategic candidate for domestic titanium, vanadium, and pig iron production [27][30]. - The company aims to leverage its proximity to infrastructure and strong mineralogy to enhance its position in the critical minerals market [27][34].