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Financing Overview:
Every FT Unit consists of 1 flow-through widespread share as outlined in subsection 66(15) of the Earnings Tax Act (Canada) (the ” Tax Act “), and one transferable widespread share buy warrant (a ” Warrant “). Every Warrant will entitle its holder to buy one-half of 1 widespread share within the capital of the Firm (a ” Warrant Share “) at a value of C$0.50 for twenty-four months from the cut-off date of the Providing (the ” Closing Date “). The Warrant Shares underlying the FT Models won’t qualify as “flow-through shares” beneath the Tax Act.
Every HD Unit consists of 1 widespread share and one-half one Warrant. Every Warrant will entitle its holder to buy one complete Warrant Share at a value of C$0.50 for twenty-four months from the Closing Date.
Every of the Warrants will likely be topic to the precise of the Firm to speed up the expiry date of the Warrants to a date that’s 30 days following dissemination of a information launch saying such acceleration if, at any time, after the Closing Date, the closing value of the Firm’s widespread shares equals or exceeds C$0.75 for a interval of ten consecutive buying and selling days on the TSX Enterprise Trade.
All securities issued in reference to the Providing are topic to a maintain interval of 4 months and in the future following the Closing Date pursuant to relevant securities legal guidelines. The Firm could pay finder’s charges in reference to the Providing.
The gross proceeds from the FT Models will likely be utilized by the Firm for “Canadian exploration bills” which might be “flow-through vital mineral mining expenditures” (as such phrases are outlined within the Tax Act) on the Firm’s Canadian mineral useful resource properties. The web proceeds of the HD Models will likely be utilized by the Firm for administrative and common working capital, which can embrace investor relations actions.
The securities of SAGA haven’t been and won’t be registered beneath the USA Securities Act of 1933, as amended (the ” U.S. Securities Act “), or any state securities legal guidelines, and will not be supplied or offered, inside the USA, until exemptions from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines can be found.
No securities regulatory authority has reviewed or accredited of the contents of this information launch. This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities of SAGA in any jurisdiction during which such supply, solicitation or sale can be illegal.
Saga Metals Financing Units the Stage for Superior Exploration on the Radar Challenge
Key Highlights:
- Saga’s discipline workforce is on-site getting ready for the deliberate 15,000-metre drill program on the Radar Ti-V-Fe Challenge in Labrador, Canada.
- Drilling is targeted on advancing the Trapper Zone’s 3+ km strike towards a maiden MRE highlighting titanium, vanadium, and iron ore—vital minerals for the worldwide vitality transition.
- Ongoing web site work contains trench mapping, surveying, and full camp institution to optimize drill execution.
- Infrastructure is in place with new entry trails alongside the oxide layering strike via the Trapper Zone.
- The preparation part is predicted to conclude within the coming weeks, with the 15,000m drilling program scheduled to begin in early November 2025.
Preparation begins for a 15,000m Drill Program on the Radar Ti-V-Fe Challenge:
Subject preparations are underway throughout the Radar Challenge’s Trapper Zone, which spans over a 3+ km strike of oxide mineralization. This mobilization marks a big step in getting ready for a serious drill program geared toward increasing identified mineralization and advancing towards the completion of a maiden mineral useful resource estimate (MRE) on the challenge.
Present work is designed to strengthen drill focusing on, maximize effectivity, and guarantee high-quality geological knowledge accuracy for the MRE, together with:
1. Enhanced Trench Evaluation
Constructing on roughly 504 sq. metres (5,425 ft²) of trenching accomplished so far, SAGA is conducting extra high-pressure energy washing and detailed geological mapping in three trenches inside the Trapper Zone. This work exposes clear bedrock surfaces by eradicating overburden and vegetation, permitting geologists to doc rock varieties, mineral textures, and oxide layering tendencies with precision. The method will assist refine 3D geological fashions, verify continuity of vanadiferous titanomagnetite (VTM) mineralization, and establish essentially the most potential high-grade drill targets.
2. Surveying and Geophysical Preparation
Crews are additionally executing a complete surveying program to help drill collar placement and spatial accuracy throughout the Trapper Zone. Utilizing high-precision GPS, whole stations, and laser scanning know-how, the workforce is mapping the newly constructed 4 km Trapper Path entry route, establishing a geophysics baseline, and reducing grid strains (cutlines) via vegetation to allow additional geophysical traverses. The geophysics baseline will function a calibration reference for magnetometer devices, guaranteeing constant and dependable detection of anomalies that will point out subsurface mineralization. Collectively, these surveys are designed to remove spatial errors in modelling and optimize drill gap focusing on.
3. Establishing Full Camp Infrastructure
To help the dimensions of the upcoming 15,000 metre drill program, SAGA has secured land close to Cartwright, Labrador, for the institution of a totally serviced exploration camp. The camp will embrace lodging, a kitchen trailer, a core shack for drill core logging and storage, an workplace for knowledge administration, and a reduce shack for pattern preparation. Utility infrastructure—together with energy technology, water storage and filtration, and septic techniques—is being put in to make sure long-term operational stability. With this infrastructure in place, SAGA is positioned to help long-term stability and effectivity for the crews managing this milestone drill program.
Determine 1: Radar Challenge’s Trapper Zone depicting a 3+ km magnetic anomaly and oxide layering development. The Trapper Path (in black) would be the goal of the deliberate 15,000 m diamond drilling program geared toward establishing Saga’s maiden mineral useful resource estimation.
Abstract of the Radar Ti-V-Fe Challenge in Labrador, Canada:
The Radar Property advantages from distinctive infrastructure, together with all-season highway entry, a close-by deep-water port, hydroelectric energy, and an airstrip with claims simply 10 km from Cartwright, Labrador. Spanning 24,175 hectares, the property covers all of the Dykes River intrusive complicated—an intensive (~160 km²) Mesoproterozoic layered mafic intrusion. Distinctive amongst Western exploration firms, SAGA controls its whole intrusive complicated.
Grenville-age mafic layered intrusions of Québec and Labrador signify a big however underdeveloped titanium–vanadium–iron useful resource province. These layered intrusions, emplaced throughout the Grenvillian orogeny, regionally host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accent vanadium and phosphorus. Their scale and metallogenic affinity are instantly corresponding to main Fe–Ti–V deposits equivalent to Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which provide a serious share of worldwide TiO₂ feedstock and vanadium for metal alloys and rising vitality storage markets. The mixture of huge tonnage potential, beneficial logistics, and demanding mineral content material positions the Grenville intrusions, equivalent to Radar’s Dykes River complicated, as strategic candidates for growth within the context of rising North American demand for titanium, vanadium and high-quality iron.
Early geological mapping, authorities magnetic surveys and ground-based geophysics of the Radar property have recognized oxide layering throughout greater than 20 km of strike size, with mineralized zones remaining open for enlargement. Vanadiferous titanomagnetite (VTM) is the principal oxide and happens as cumulate and intercumulus mineralization over giant thicknesses of the Dykes River layered intrusion.
Determine 2: Radar Property map, depicting magnetic anomalies, oxide layering and the location of the 2025 drill program within the Hawkeye zone. The property is effectively serviced by highway entry and is conveniently positioned close to the city of Cartwright, Labrador. A compilation of historic aeromagnetic anomalies is overlaid by ground-based geophysics as proven. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling within the 2024 and 2025 discipline packages.
SAGA’s 2025 Winter Drill Program at Radar:
Saga accomplished its maiden drill program in early 2025, that includes a 2,209-metre, seven-hole diamond drill marketing campaign throughout the Hawkeye Zone—a mix of 3D magnetic inversion modeling and floor VLF-EM outcomes guided drill focusing on. This system intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying constant grades of titanium dioxide (TiO 2 ), vanadium pentoxide (V 2 O 5 ) and iron (Fe).
Similarities within the ratios of TiO 2 and V2O 5 to Fe 3 O 4 throughout a number of drill holes serve to establish discrete igneous layers. Inside the 600 m examined thickness of the layered gabbronorite, the chemistry delineates a really promising 300-400 m thickness, known as the Decrease Cumulate Layer. The very best V 2 O 5 assays are within the decrease 100-200 m, coinciding with the highest-grade intervals of VTMs. The layer is comprised of interlayered gabbronorite and bands of semi-massive to huge VTM.
Drill holes R25-HEZ-01, -07, -04, and -05 intersect this Decrease Cumulate Layer. The chemistry signifies that the layer was deposited from a large-volume pulse of Ti-V-Fe-enriched magma. Saga will likely be focusing on this identical discrete intrusive horizon alongside the Trapper Zone’s 3+ km strike size.
Magnetic and VLF-EM Survey to Lengthen the ‘Trapper Zone’
As crews put together for the 15,000 m drill program, a small geophysics workforce will proceed a ground-based magnetic survey over the northern and southern extensions of the Trapper Zone. The survey makes use of a GSM-19 magnetometer to gather magnetic-field and VLF-EM knowledge (utilizing VLF Transmitter Cutler).
The survey is performed utilizing a grid of N-S strains, spaced 50 m aside, with observations made at stations spaced 20 m aside alongside the strains. The tightly gridded stations will likely be used to map the extent to which the oxide layering strike continues to the NE-E on the high of the zone and SE-E on the backside of the zone, each trending again in the direction of the Hawkeye Zone.
Determine 3: Radar Challenge’s potential oxide layering zone extends for an inferred 20 km strike size, as proven on a compilation of historic airborne geophysics in addition to ground-based geophysics within the Hawkeye and Trapper zones accomplished by SAGA within the 2024/2025 discipline packages. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling within the 2024 and 2025 discipline packages .
Saga Metals’ Company Video
Please discover beneath Saga Metals’ company video, produced by Pinnacle Digest, offering an summary of the Firm in addition to highlighting the important thing traits and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Challenge in Labrador, Canada.
A Media Snippet accompanying this announcement is obtainable by clicking on this hyperlink.
Certified Particular person
Paul J. McGuigan, P. Geo., is an Unbiased Certified Particular person as outlined beneath Nationwide Instrument 43-101 and has reviewed and accredited the technical info disclosed on this information launch.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining firm targeted on the exploration and discovery of a diversified suite of vital minerals that help the worldwide transition to inexperienced vitality. The Radar Titanium Challenge includes 24,175 hectares and fully encloses the Dykes River intrusive complicated, mapped at 160 km² on the floor close to Cartwright, Labrador. Exploration so far, together with a 2,200m drill program, has confirmed a big and mineralized layered mafic intrusion internet hosting vanadiferous titanomagnetite (VTM) with robust grades of titanium and vanadium.
The Double Mer Uranium Challenge, additionally in Labrador, covers 25,600 hectares that includes uranium radiometrics that spotlight an 18km east-west development, with a confirmed 14km part producing samples as excessive as 0.428% U 3 O 8 and uranium uranophane was recognized in a number of areas of highest radiometric response (2024 Double Mer Technical Report).
Moreover, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay area. This challenge, developed in partnership with Rio Tinto, has been expanded via the acquisition of the Amirault Lithium Challenge. Collectively, these properties cowl 65,849 hectares and share important geological continuity with different main gamers within the space, together with Rio Tinto, Winsome Assets, Azimut Exploration, and Loyal Metals.
With a portfolio that spans key minerals essential to the inexperienced vitality transition, SAGA is strategically positioned to play a vital position within the clear vitality future.
On Behalf of the Board of Administrators
Mike Stier, Chief Govt Officer
For extra info, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
E mail: rob@sagametals.com
www.sagametals.com
Neither the TSX Enterprise Trade nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Disclaimer
This information launch incorporates forward-looking statements inside the that means of relevant securities legal guidelines that aren’t historic details. Ahead-looking statements are sometimes recognized by phrases equivalent to “will”, “could”, “ought to”, “anticipates”, “expects”, “believes”, and related expressions or the unfavourable of those phrases or different comparable terminology. All statements apart from statements of historic truth, included on this launch are forward-looking statements that contain dangers and uncertainties. Particularly, this information launch incorporates forward-looking info pertaining to the Firm’s plans and aims in respect of the phrases and circumstances of the Providing, the gross proceeds of the Providing, using proceeds from the Providing and the exploration of the Firm’s Radar Challenge, and the intention to publish the MRE sooner or later. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Essential components that might trigger precise outcomes to vary materially from the Firm’s expectations embrace, however should not restricted to, adjustments within the state of fairness and debt markets, fluctuations in commodity costs, delays in acquiring required regulatory or governmental approvals, environmental dangers, limitations on insurance coverage protection, inherent dangers and uncertainties concerned within the mineral exploration and growth business, notably given the early-stage nature of the Firm’s belongings, and the dangers detailed within the Firm’s steady disclosure filings with securities rules sometimes, out there beneath its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect. Occasions or circumstances could trigger precise outcomes to vary materially from these predicted, because of quite a few identified and unknown dangers, uncertainties, and different components, a lot of that are past the management of the Firm. The reader is cautioned to not place undue reliance on any forward-looking info. Such info, though thought of cheap by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will replace or revise publicly any of the included forward-looking statements solely as expressly required by relevant legislation.
Figures accompanying this announcement can be found at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1cc08798-de86-4a59-b4e6-146ef7d58104
https://www.globenewswire.com/NewsRoom/AttachmentNg/46929b40-f55e-4a74-95be-70844f6c1e9b
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b3f508f-c4fb-4a12-b288-51de3897b6d7
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