Investor Insight Saga Metals is a North American critical minerals explorer advancing its flagship Radar titanium-vanadium-iron project with high-grade results, while also holding rare earths, lithium and uranium assets strategically positioning SAGA to play an essential role in national critical mineral supply chain security. Overview Saga Metals (TSXV:SAGA,OTCQX:SAGMF,FSE:20H) is focused on discovering and advancing critical mineral deposits essential to electrification, infrastructure, and
Saga Metals is a North American critical minerals explorer advancing its flagship Radar titanium-vanadium-iron project with high-grade results, while also holding rare earths, lithium and uranium assets strategically positioning SAGA to play an essential role in national critical mineral supply chain security.
Saga Metals (TSXV:SAGA,OTCQX:SAGMF,FSE:20H) is focused on discovering and advancing critical mineral deposits essential to electrification, infrastructure, and defense supply chains. The company’s strategy combines systematic exploration, resource definition drilling, and strategic partnerships to build value across multiple commodities.
Its flagship Radar project, located near Cartwright, hosts a large layered mafic intrusive complex comparable in scale to major global titanium-vanadium systems. Drilling confirms thick, laterally continuous titanomagnetite zones containing iron, titanium, and vanadium, with consistent grades and substantial thicknesses across multiple zones supporting potential for a large-scale resource.
Beyond Radar, Saga maintains a diversified pipeline of earlier-stage exploration assets spanning rare earths, uranium, and lithium. The Company acquired two additional assets in 2026: the Garneau Project from Rio Tinto in March, and the Wolverine REE project in Labrador in July. The Company's portfolio includes exploration-stage projects targeting multiple mineral commodities. Several projects are located in regions with existing infrastructure and established mining activity.
As of August 2026, Saga Metals has upgraded its OTCQB listing to the OTCQX Best Market, the highest level in the OTC Markets.
District-Scale Flagship
: Radar spans 24,175 hectares covering the full Dykes River intrusion.
Drilling Success
: 100 percent success rate in 2025/2026 diamond drill programs (92/92 holes intersected oxide mineralization).
Large Mineralized System
: ~29 km2 confirmed oxide lopolith spanning the Trapper, Falcon and Hawkeye zones.
Resource Catalyst
: ~22,000 m MRE drill program completed (2026).
High-Grade Intercepts (2026 Program):
High-Grade Intercepts (Final 2025 Assays):
Uranium Exposure
: 1,024 claims totaling 25,600 ha with samples up to 0.428 percent triuranium octoxide with an 18 km prospective strike.
Leadership
: Experienced geological and capital markets team.
The Radar project is Saga Metals’ cornerstone asset and primary exploration focus, representing a district-scale titanomagnetite system within a large layered mafic intrusion near Cartwright. Ongoing drilling is aimed at defining the project’s first mineral resource, supported by strong grade continuity, thick oxide intervals, and extensive geophysical anomalies that suggest a large mineralized footprint.
Recent programs have confirmed laterally continuous zones of iron-titanium-vanadium mineralization across a broad strike length, validating Radar as a potentially globally significant system. With infrastructure access and year-round logistics advantages, the project is positioned for efficient advancement through resource delineation and technical studies.
Project Highlights:
Covers entire Dykes River intrusion (~160 sq km).
Semi-massive to massive oxide confirmed across drilling.
2026 MRE
program targeting 3+ km Trapper Zone.
Geophysics correlates magnetic anomalies with oxide mineralization.
Stage 1 of the metallurgical scoping test at Radar was completed in July 2026, using Temas Resources’ Regenerative Chloride Leach (RCL) proprietary technology. Titanium, vanadium and iron recoveries of up to 90.8 percent. 97.4 percent and 91.5 percent were respectively achieved.
Stage 2 is set to follow and will focus on further improving recoveries. Once completed, the company will proceed towards planning the pilot and demonstration plant programs.
The Wolverine REE Project is Saga Metals' 100%-owned heavy rare earth asset in central Labrador. It benefits from established regional infrastructure, including commercial air access, ferry services and road access through the nearby communities of Natuashish and Hopedale. Spanning approximately 294.5 square kilometers across nine contiguous mineral licenses, the project is situated approximately 50 kilometres west of Hopedale and 12 kilometres inland from the Labrador coast. It also sits within the Flowers River Igneous Suite, the largest peralkaline intrusive-volcanic complex in Labrador, and forms part of the Labrador–Greenland alkaline/peralkaline REE province.
Recent programs have moved Wolverine from surface and reverse-circulation drilling into its first diamond drilling campaign. A 2025 RC program of 25 holes confirmed broad, near-surface REE mineralization across a 1.7 km by 1.2 km footprint, with strong grade continuity and heavy rare earth enrichment. Building on that, diamond drilling commenced in 2026 with a program of up to 5,000 metres, designed to define the volcanic stratigraphy hosting mineralization, extend it via grid-pattern step-out holes, test newly identified structural targets, and generate the technical data needed to support a maiden NI 43-101 mineral resource estimate.
Project Highlights:
Nine contiguous licenses covering approximately 294.5 square kilometers
2025 RC drilling: 537 samples across a 1.7 km x 1.2 km footprint, including
48.8 m at 0.77 percent
total rare earth oxide (TREO) and 38.1 m @ 0.71 percent TREO
Peak RC assay of 2.03 percent TREO, with heavy rare earth oxides (HREO) contributing approximately 24–28 percent of TREO
Grab sampling on the pegmatite target returned assays up to 21.6 TREO
Diamond drilling of up to 5,000 meters has commenced at Wolverine, with camp construction and crew mobilization complete. The program will also cover the evaluation of other high-priority prospects and the determination of mineralized rock properties, geochemistry and metallurgical testing to advance the project toward a maiden NI 43-101 mineral resource estimate.
Double Mer provides Saga with exposure to large-tonnage uranium discovery potential across a large, underexplored land package in Labrador. The property covers 1,024 claims totaling 25,600 ha. Three zones occur along an 18 km mineralized trend, supported by historical sampling results and radiometric anomalies indicating strong exploration potential. Its scale, grade indicators, and geological similarities to productive uranium belts suggest the project could host structurally controlled mineralization systems.
Project Highlights:
Legacy Lithium
The Legacy property positions Saga Metals within the rapidly emerging lithium district of the James Bay region in Quebec. The project benefits from a partner-funded exploration model that enables systematic target testing while limiting capital exposure.
Geological mapping has identified numerous pegmatite occurrences across the property, indicating strong prospectivity for lithium-bearing systems. With regional exploration activity increasing and infrastructure development expanding, Legacy provides strategic upside tied to battery-metal demand growth.
Saga has formally consolidated its Legacy and Amirault Lithium projects into one project. Strategic staking of prospective metasedimentary rocks and known pegmatite occurrences in the area has also been completed.
Project Highlights:
Michael Stier brings over 20 years of capital markets and corporate leadership experience, including corporate structure, finance, business development, IPOs, mergers & acquisitions, and wealth management. He has served in senior financial roles, including as CIBC IIROC licensed senior financial advisor and analyst for private equity, and holds executive and directorship roles with multiple public and private issuers.
Terence Lee is a CPA with over nine years of finance experience under International Financial Reporting Standards (IFRS). His background includes financial planning, analysis, and reporting across mining, technology, real estate, life sciences, and other industries.
Michael Garagan holds a B.Sc. in Geology and brings approximately 20 years of international exploration experience across North and South America, Africa, and Asia. His work spans multiple deposit styles including gold, base metals, uranium, and lithium pegmatites.
Michael Waldkirch is a CPA, CGA with over 25 years of professional accounting and business consultancy experience. He has served as CFO for public companies and currently acts as an independent board member of US Gold Corp., with experience across TSX, TSX‑V, NASDAQ, NYSE‑American, and OTC markets.
Harrison Pokrandt has seven years of mineral exploration experience across various geological settings and jurisdictions worldwide. His project experience includes major gold and base metal districts with roles spanning grassroots through development stages.
Len Gal holds an MSc in Geology and has over 30 years of global mineral exploration experience, including government surveys, field mapping, and drill programs across Canada, the USA, and internationally.
A Canadian geological consulting group with over 35 years of collective experience, providing exploration services, project management, 43‑101 reporting, GIS, and technical support.
Riley Ledoux is a professional geologist with experience in exploration program planning, core logging, mapping, and technical reporting across multiple commodities and Canadian regions.
Ryan Pownall brings field operations experience from international and Canadian exploration programs, including drilling, remote camp logistics, and geophysics support.
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