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Home»Investing»$14M Placement to Fund Acquisition & Exploration
Investing

$14M Placement to Fund Acquisition & Exploration

EditorialBy EditorialSeptember 17, 2025No Comments11 Mins Read
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M Placement to Fund Acquisition & Exploration
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The Radar Property advantages from distinctive infrastructure, together with all-season street 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 total intrusive complicated.

Grenville-age mafic layered intrusions of Québec and Labrador symbolize a big however underdeveloped titanium–vanadium–iron useful resource province. These layered intrusions, emplaced through the Grenvillian orogeny, domestically host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accent vanadium and phosphorus. Their scale and metallogenic affinity are straight corresponding to main Fe–Ti–V deposits similar to Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which provide a significant share of worldwide TiO₂ feedstock and vanadium for metal alloys and rising power storage markets. The mixture of enormous tonnage potential, beneficial logistics, and important mineral content material positions the Grenville intrusions, similar 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 massive thicknesses of the Dykes River layered intrusion.

Determine 1: Radar Property map, depicting magnetic anomalies, oxide layering and the positioning of the 2025 drill program within the Hawkeye zone. The Property is properly serviced by street 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 area packages.

Petrography, petrology and mineral chemistry of oxide-bearing rocks inside the Hawkeye Zone

SAGA retained Dr. Allan Miller, Ph.D., to check a collection of chosen intrusive rocks from a number of areas of the Radar property. Dr. Miller has in depth expertise as a petrographer within the Superior and Grenville provinces, together with 25 years with the Geological Survey of Canada as a Mineral Deposits Analysis Scientist chargeable for regional-scale metallogeny, deposit-scale alteration research and regional and detailed mapping in northern Canada.

Dr. A. Miller’s report investigated seize samples taken in 2024, from the realm of Saga Metals accomplished maiden drill marketing campaign earlier in 2025. The drill program included seven (7) diamond drill holes totaling roughly 2,200 metres drilled on the Hawkeye Zone. Drilling confirmed the presence of thick titanomagnetite-rich oxide layers containing titanium dioxide (TiO₂), vanadium pentoxide (V₂O₅), and iron (Fe), whereas preserving magmatic textures which are advantageous for downstream metallurgical restoration. Key drilling outcomes embrace:

  • HEZ-07: 20.2 metres grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅
  • HEZ-07 (extra interval): 57.7 metres grading 27.09% Fe, 5.305% TiO₂, and 0.365% V₂O₅
  • HEZ-01: 31.5 metres grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅
  • HEZ-04: 50 metres grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅
  • HEZ-05: 25 metres grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅

500m strike by 350m width magnetic anomaly drilled in winter 2025 program. (2024 SAGA Metals. TMI Magnetic Survey).

Determine 2: 500m strike by 350m width magnetic anomaly drilled in winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey).

Regardless of the clear identification of a number of intrusive and mineralizing occasions within the Dykes River complicated, SAGA is specializing in a discrete intrusive horizon termed the Decrease Cumulate Layer that was examined within the 2025 Winter drilling program.

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 best V2O5 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. Dr. A. Miller’s report highlights the petrography and the mineral composition of silicates and oxides from these focused oxide layers explored through the 2024 floor exploration program and subsequently drilled in 2025. These findings describe the Decrease Cumulate Layer and a separate, undrilled magmatic layer, documenting no less than two Ti-V-Fe magmatic pulses — a big discovering that suggests a protracted mineralizing episode.

Hawkeye Zone – Important Drill Directions

Drill Gap Interval Size (m) Avg. VTM (%) Max VTM (%)
R25-HEZ-01 263.5 25.90% 35.16%
R25-HEZ-07 311.7 22.95% 41.63%
R25-HEZ-04 208.5 29.59% 35.20%
R25-HEZ-05 187.3 26.76% 26.76%

Most VTM relies on a few minimal 10 m interval
All intervals are inside the Decrease Cumulate Layer

Desk 1: Decrease Cumulate Layer highlighting the size of VTM intersections.

The numerous length-weighted averages at Hawkeye are within the vary of 20 to 35% VTM. In different mafic layered intrusions, that tenor of mineralization lies inside an financial vary.

Dr. Al Miller’s report gives necessary metallurgical insights into the mineralization of the focused oxide layers and shall be utilized by metallurgists at IGS Laboratories (“IGS”) as a precursor to metallurgical testing on the Hawkeye drill core. Petrographic and mineral analyses confirmed that the dominant oxide minerals host titanium and vanadium and the phases had been discovered to protect major magmatic textures, a good attribute for metallurgical processing. The Firm has coordinated the cargo of the beforehand assayed core samples to IGS for instant metallurgical evaluation full with Davis Tube and Satmagan analytical strategies.

Notably, vanadium was noticed in strong answer inside magnetite-titanomagnetite, presenting a possibility for restoration of vanadium alongside titanium as a beneficial by-product. The rare-earth component evaluation demonstrated constant mantle-derived magmatic evolution throughout the Hawkeye prospects, confirming the large-scale continuity of mineralization.

The report gives an in depth evaluation of the petrography, ore microscopy, mineral chemistry, and petrogenetic framework of the Radar property’s oxide-bearing rocks. Petrographic and ore microscopy research documented transitions from huge and semi-massive oxide layers into gabbronorite internet hosting intercumulus and interstitial oxides, highlighting the shut interaction between silicate and oxide phases. Skinny-section work revealed a spectrum of textures—from cumulate to intercumulus to interstitial—demonstrating that oxides crystallized each as major cumulates and later interstitial phases. These textural relationships are vital, as they seize the progressive evolution of the intrusion and the a number of phases of oxide accumulation. Mineral chemistry knowledge from electron microprobe evaluation confirmed that titanium and vanadium contents assorted between textural varieties, suggesting repeated injections of compositionally distinct silicate-immiscible oxide melts.

Exploration has additionally revealed new targets of appreciable scale. Floor magnetic and VLF-EM surveys on the Trapper Zone recognized a steady three-kilometre magnetic anomaly with maxima reaching 115,498 nT, among the many strongest signatures noticed on the property. Excavator trenching at Trapper additional uncovered semi-massive to huge vanadiferous titanomagnetite cumulate over 504 sq. metres, offering bodily affirmation of the subsurface oxide layering. In the meantime, magnetic surveys within the Northwest Zone uncovered anomalies as much as 55,000 nT in areas largely untested by drilling. Historic drill gap 97-1 on this space intersected a number of intervals exceeding 40% Fe₂O₃ and ~7% TiO₂, together with a 10-metre interval with 75% magnetite, demonstrating the broader potential of the intrusive complicated. To help these efforts, Saga has superior logistical entry by upgrading forestry roads and setting up a four-kilometre entry path linking the Hawkeye, Trapper, and Northwest Zones.

Figure 3

Determine 3: Radar Undertaking’s Trapper Zone depicting a 3+ km magnetic anomaly and oxide layering development. The Trapper Path (in black) will help a brand new diamond drilling program.

Subsequent Steps on the Radar Property

The mixture of geological, drilling, and graduation of metallurgical research positions SAGA to quickly advance towards useful resource definition on the Radar Undertaking. The corporate intends to pursue a ten,000–15,000 metre follow-up drill program targeted on the three.3 km Trapper Zone oxide layering strike, alongside expanded metallurgical testing to optimize titanium and vanadium recoveries. With strong infrastructure, thick oxide layering, and globally vital analogues similar to China’s Panzhihua and Norway’s Tellnes deposits 1 & 2 , Saga believes Radar has the potential to emerge as certainly one of North America’s most vital titanium-vanadium deposits.

“The findings from this report have confirmed the oxide mineralogy and traced the distribution of titanium and vanadium inside these minerals. These oxide horizons exhibit outstanding lateral continuity and share a constant geochemical signature at a broad scale. These analyses present distinctive perception into the composition of the oxide layering we’re focusing on offering key particulars to ascertain a focused and environment friendly drill program within the Trapper Zone,” said Michael Garagan, CGO & Director of Saga Metals.

__________________

  1. Tellnes
  2. Panzhihua, China

Certified Individual

Paul J. McGuigan, P. Geo., is an Unbiased Certified Individual as outlined underneath Nationwide Instrument 43-101 and has reviewed and accredited the technical data associated to the Radar Ti-V-Fe Undertaking 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 power. The Radar Titanium Undertaking contains 24,175 hectares and completely encloses the Dykes River intrusive complicated, mapped at 160 km² on the floor close to Cartwright, Labrador. Exploration thus far, together with a 2,200m drill program, has confirmed a big and mineralized layered mafic intrusion internet hosting vanadiferous titanomagnetite (VTM) with sturdy grades of titanium and vanadium.

The Double Mer Uranium Undertaking, 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 undertaking, developed in partnership with Rio Tinto, has been expanded by way of the acquisition of the Amirault Lithium Undertaking. Collectively, these properties cowl 65,849 hectares and share vital 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 power transition, SAGA is strategically positioned to play an important position within the clear power future.

On Behalf of the Board of Administrators

Mike Stier, Chief Government Officer

For extra data, 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 duty for the adequacy or accuracy of this launch.

Cautionary Disclaimer

This information launch comprises 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 similar to “will”, “might”, “ought to”, “anticipates”, “expects”, “believes”, and related expressions or the unfavorable 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. Specifically, this information launch comprises forward-looking data pertaining to the exploration of the Firm’s Radar Undertaking. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Necessary components that would trigger precise outcomes to vary materially from the Firm’s expectations embrace, however aren’t restricted to, modifications 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, significantly given the early-stage nature of the Firm’s property, and the dangers detailed within the Firm’s steady disclosure filings with securities rules on occasion, accessible underneath its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, because of quite a few recognized 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 data. Such data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might 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 regulation.

Pictures accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/380bb44c-6e28-4884-a878-4639915cef30
https://www.globenewswire.com/NewsRoom/AttachmentNg/0afab8e8-7156-4189-8569-b3e8386371e7
https://www.globenewswire.com/NewsRoom/AttachmentNg/acbde2c1-b913-4b07-a6cb-750837da7a36

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