Core Viewpoint - SAGA Metals Corp. is initiating a non-brokered private placement financing to raise up to C$2,988,000, aimed at advancing exploration activities at its Radar Ti-V-Fe Project in Labrador, Canada, which is critical for the global energy transition [1][9]. Financing Overview - The financing consists of two components: 7,100,000 flow-through common share units (FT Units) priced at C$0.28 each, expected to generate C$1,988,000, and 4,000,000 hard dollar common share units (HD Units) priced at C$0.25 each, expected to generate C$1,000,000 [1][2]. - Each FT Unit includes one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one-half of a common share at C$0.50 for 24 months [2]. - Each HD Unit consists of one common share and one-half of a warrant, with similar terms for the warrant [3]. Use of Proceeds - Proceeds from the FT Units will be allocated to Canadian exploration expenses related to critical mineral mining on the company's properties, while net proceeds from the HD Units will support administrative and general working capital, including investor relations activities [6]. Project Development - SAGA's field team is preparing for a 15,000-meter drill program at the Radar Ti-V-Fe Project, focusing on the Trapper Zone, which has a 3+ km strike length of oxide mineralization [9][10]. - The preparation phase includes trench mapping, surveying, and establishing camp infrastructure to optimize drilling execution [9][10][13]. - The Radar Property benefits from excellent infrastructure, including all-season road access and proximity to a deep-water port, covering 24,175 hectares [14][27]. Geological Insights - The Radar Project is located in a significant titanium–vanadium–iron resource province, with geological features comparable to major global deposits [15]. - Early geological mapping has identified oxide layering over more than 20 km, with mineralized zones open for expansion [16]. Previous Drilling Results - SAGA's maiden drill program in early 2025 confirmed broad zones of titanomagnetite-rich oxide layering, with promising grades of titanium dioxide, vanadium pentoxide, and iron [18]. - The highest vanadium pentoxide assays were found in the lower 100-200 meters of the Lower Cumulate Layer, indicating a strong potential for further exploration [18].