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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Saga Metals Corp. (” SAGA ” or the ” Firm “) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration firm advancing important mineral discoveries, is happy to announce, additional to its information launch dated November 12, 2025, the closing of its “finest efforts” personal placement (the ” Providing “) for mixture gross proceeds of roughly C$6,000,000, which incorporates the train in stuffed with the $1,000,000 agent’s choice. Pursuant to the Providing, the Firm bought (i) 7,761,362 items of the Firm (every, a ” Unit “) at a value of C$0.44 per Unit (the ” Unit Worth “) and (ii) 5,170,000 flow-through items of the Firm (every, a ” FT Unit “, and collectively with the Models, the ” Provided Securities “) at a value of C$0.50 per FT Unit. Purple Cloud Securities Inc. (” Purple Cloud “) acted as sole agent and bookrunner in reference to the Providing.
Every Unit consists of 1 widespread share of the Firm (a ” Unit Share “) and one widespread share buy warrant (every, a ” Warrant “). Every FT Unit consists of 1 widespread share of the Firm issued as a “flow-through share” throughout the that means of subsection 66(15) of the Earnings Tax Act (Canada) (every, a ” FT Share “) and one Warrant. Every Warrant entitles the holder to buy one widespread share of the Firm (every, a ” Warrant Share “) at a value of C$0.60 at any time on or earlier than December 5, 2028.
The Firm intends to make use of the online proceeds from the Providing for the exploration of the Firm’s properties in Labrador, Canada, in addition to for working capital and basic company functions, as is extra absolutely described within the Providing Doc (as herein outlined).
“We’re thrilled to announce the profitable closing of our oversubscribed C$6 million LIFE providing — a strong endorsement from the market and a significant milestone for the Firm,” said Mike Stier, CEO & Director of Saga Metals. “This robust vote of confidence validates our technique and belongings, and most significantly, it absolutely funds our high-impact 2026 drill program to ship a maiden mineral useful resource estimate on the Radar Challenge. The drill continues to show at Radar’s Trapper zone—with mineralization already confirmed throughout 1.5 km. Samples from drill holes R-0008 and R-0009 have been obtained by the lab and we sit up for sharing these leads to the approaching weeks.”
The gross proceeds from the sale of FT Shares can be utilized by the Firm to incur eligible “Canadian exploration bills” that qualify as “flow-through important mineral mining expenditures” as each phrases are outlined within the Earnings Tax Act (Canada) (the ” Qualifying Expenditures “) associated to the Firm’s Radar Challenge in Labrador, Canada on or earlier than December 31, 2026. All Qualifying Expenditures can be renounced in favour of the subscribers of the FT Models efficient December 31, 2025.
In accordance with Nationwide Instrument 45-106 – Prospectus Exemptions (” NI 45-106 “), the Provided Securities have been bought to Canadian purchasers pursuant to the listed issuer financing exemption below Half 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Sure Circumstances of the Listed Issuer Financing Exemption (the ” Listed Issuer Financing Exemption “). The securities issuable from the sale of the Models are instantly freely tradeable in accordance with relevant Canadian securities laws. The FT Models and securities issuable in connection therewith can be topic to a voluntary maintain interval ending on the date that’s 4 months plus in the future following the problem date, being April 6, 2026.
As consideration for its providers, Purple Cloud obtained mixture money charges of C$376,818.99 and 809,511 non-transferable widespread share buy warrants (the ” Dealer Warrants “). Every Dealer Warrant is exercisable into one widespread share of the Firm on the Unit Worth at any time on or earlier than December 5, 2028. The Dealer Warrants are topic to a statutory maintain interval of 4 months and in the future and is probably not traded till April 6, 2026 besides as permitted by relevant securities legal guidelines. The Firm additionally paid money finder’s charges of $800.80 and issued 1,820 Dealer Warrants to a finder in reference to sure President’s Checklist buyers.
There may be an providing doc (the ” Providing Doc “) associated to the Providing that may be accessed below the Firm’s profile at www.sedarplus.ca and on the Firm’s web site at: www.sagametals.com. On the time of announcement, the Providing Doc contemplated charity flow-through items forming a part of the Providing. No charity flow-through items have been issued as a part of the Providing.
The closing of the Providing stays topic to the ultimate approval of the TSX Enterprise Trade.
The securities to be supplied pursuant to the Providing haven’t been, and won’t be, registered below america Securities Act of 1933 , as amended (the ” U.S. Securities Act “) or any U.S. state securities legal guidelines, and is probably not supplied or bought in america or to, or for the account or advantage of, United States individuals absent registration or any relevant exemption from the registration necessities of the U.S. Securities Act and relevant U.S. state securities legal guidelines. This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities in america, nor shall there be any sale of those securities in any jurisdiction wherein such supply, solicitation or sale could be illegal.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining firm targeted on the exploration and discovery of a diversified suite of important minerals that assist the North American transition to produce safety. 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 to this point, 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 undertaking, developed in partnership with Rio Tinto, has been expanded by means of the acquisition of the Amirault Lithium Challenge. 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 commodities essential for the clear power future, SAGA is strategically positioned to play an important function in important mineral safety.
On Behalf of the Board of Administrators
Mike Stier, Chief Government Officer
For extra info, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Electronic 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 comprises forward-looking statements throughout the that means of relevant securities legal guidelines that aren’t historic info. Ahead-looking statements are sometimes recognized by phrases corresponding to “will”, “could”, “ought to”, “anticipates”, “expects”, “believes”, and comparable expressions or the destructive of those phrases or different comparable terminology. All statements apart from statements of historic reality, included on this launch are forward-looking statements that contain dangers and uncertainties. Particularly, this information launch comprises forward-looking info pertaining to the supposed use of proceeds from the Providing and receiving closing approval of the Providing from the TSX Enterprise Trade. There could 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 would trigger precise outcomes to vary materially from the Firm’s expectations embody, however usually are not 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 improvement business, significantly given the early-stage nature of the Firm’s belongings, and the dangers detailed within the Firm’s steady disclosure filings with securities laws every so often, out there below 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, on account 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 info. Such info, though thought-about affordable 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.
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