SAGA Metals Hosts 'The Northern Miner' in Labrador Showcasing the Radar Ti-V-Fe and Wolverine Heavy REE Projects in Consecutive Site Visits

SAGA Metals delivers strong drill results and nears a maiden resource at Labrador projects.

What the company is saying

SAGA Metals is highlighting independent validation from The Northern Miner, which conducted a combined site visit to both its 100%-owned Labrador projects: Radar (titanium-vanadium-iron) and Wolverine (heavy rare earth elements). The company emphasizes the completion of a 22,000+ metre diamond drill program at Radar, supporting a maiden NI 43-101 mineral resource estimate at the Trapper zone, with GeoGlobal engaged and the report due in Q4 2026. Management, including CEO Mike Stier and Chief Geological Officer Michael Garagan, frames the narrative as one of rapid progress and technical advancement, with specific reference to consistent oxide mineralization and high recoveries confirmed by bench-scale testing. At Wolverine, SAGA is communicating the start of its first diamond drilling campaign, following RC results with high TREO grades and heavy rare earth content, and positions the project as having substantial exploration upside. The announcement also references the company’s broader portfolio, including uranium and lithium assets, but the core focus is on the operational and technical milestones at Radar and Wolverine. The tone is confident, data-driven, and leverages third-party media coverage to reinforce credibility.

What the data suggests

The disclosed data shows SAGA has completed over 22,000 metres of diamond drilling at Radar, with intercepts such as 187.0 m @ 41.61% Fe₂O₃, 6.07% TiO₂, 0.280% V₂O₅ (R-0064), 128.0 m @ 46.11% Fe₂O₃, 6.79% TiO₂, 0.326% V₂O₅ (R-0065), and 470 m @ 36.72% Fe₂O₃, 5.40% TiO₂, 0.245% V₂O₅ (R-0072), including higher-grade subintervals. Bench-scale metallurgical testing using Temas' RCL technology returned recoveries up to 90.8% titanium, 97.4% vanadium, and 91.5% iron, supporting the technical viability of the mineralization. The Radar project covers 24,175 hectares and encloses a 160 km² intrusive complex, with 24,641 m of drilling completed in Hawkeye and Trapper zones. At Wolverine, 2025 RC drilling (25 holes, 817 m) outlined broad, near-surface TREO mineralization across ~1.7 km × 1.2 km, with highlights including 48.8 m @ 0.77% TREO (WOLRC25-003) and 38.1 m @ 0.71% TREO (WOLRC25-006), with heavy rare earth oxides comprising 24–28% of TREO and surface samples up to 21.6% TREO. The ongoing diamond drill program targets 3,000–5,000 m, with initial holes completed and 169 m of REE-bearing unit intersected in W26-001. The company also holds the Double Mer Uranium Project (25,600 hectares, samples up to 0.428% U₃O₈) and the Legacy Lithium Project (72,701 hectares). The technical disclosures are specific and comprehensive, but no resource estimate or economic assessment is yet available.

Analysis

The announcement provides a detailed operational update with extensive technical data, including specific drill intercepts, recovery rates, and project milestones at both the Radar and Wolverine projects. The tone is positive, but the language remains proportionate to the disclosed progress—most claims are realised, with only a minority being forward-looking (e.g., the upcoming maiden resource estimate at Radar and the planned diamond program at Wolverine). The next major catalyst, the NI 43-101 resource estimate for Radar, is due in Q4 2026, which is within a near-term window relative to today's date. There is no evidence of exaggerated claims or narrative inflation; the technical disclosures are specific and credible, and the announcement does not overstate the implications of the results. No large capital outlay is paired with long-dated, uncertain returns in this release, and the operational progress is well-supported by the data.

Risk flags

• ●Resource definition risk remains high at both Radar and Wolverine, as neither project has yet delivered a NI 43-101 compliant mineral resource estimate. Until the Radar resource is published and independently validated, the scale and economic potential remain unquantified.
• ●Metallurgical and processing risk is present, as bench-scale recoveries at Radar are promising (up to 90.8% titanium, 97.4% vanadium, 91.5% iron), but no pilot-scale or commercial-scale testwork has been disclosed. Actual recoveries at scale may differ.
• ●Exploration risk at Wolverine is significant, with only 5% of the prospective REE-bearing volcanic tuff drilled to date. The continuity, grade distribution, and scale of mineralization remain to be established by further drilling and future resource estimation.
• ●Capital and funding risk is implied by the scale of ongoing exploration (22,000+ m at Radar, 3,000–5,000 m at Wolverine), but the company does not disclose its cash position or funding runway. Sustained exploration and resource development will require additional capital.

Bottom line

SAGA Metals has advanced both the Radar and Wolverine projects with substantial drilling and strong technical results, positioning Radar for a maiden resource estimate in the near term. The operational data is robust, with high-grade, long intercepts and strong bench-scale recoveries at Radar, and encouraging early-stage rare earth results at Wolverine. The company’s narrative is credible and reinforced by independent media coverage, but the absence of a published resource or economic study means the investment case is still speculative. Key risks include the pending resource estimate at Radar, the early stage of drilling at Wolverine, and the lack of disclosed financials or funding details. The most important near-term milestone is the delivery of the Radar NI 43-101 resource estimate in Q4 2026. Investors should focus on the quality and scale of that resource, as it will define the next phase of value creation for SAGA Metals.

Announcement summary

(TSXV:SAGA, OTCQX:SAGMF, FSE:20H) SAGA Metals Corp. announced that The Northern Miner has featured the company for the second consecutive year following an independent site visit to its two 100%-owned Labrador projects: the Radar Titanium-Vanadium-Iron Project near Cartwright and the Wolverine Heavy Rare Earth Element Project near Hopedale. Blair McBride of The Northern Miner accompanied SAGA's technical team to both sites, resulting in two published features and a supporting video. Michael Garagan, Chief Geological Officer and Director, hosted the visit at both camps. The Radar project, located about 10 km south of Cartwright and accessible year-round via Route 510, encloses the 160 km² Dykes River Intrusive Complex and includes the Trapper, Falcon, and Hawkeye zones. A recently completed 22,000+ metre diamond drill program at Radar supports a maiden NI 43-101 mineral resource estimate at Trapper, with GeoGlobal engaged for an independent report due in Q4 2026. Notable Trapper intercepts include 187.0 m @ 41.61% Fe₂O₃, 6.07% TiO₂, 0.280% V₂O₅ (R-0064); 128.0 m @ 46.11% Fe₂O₃, 6.79% TiO₂, 0.326% V₂O₅ (R-0065), including 65.8 m @ 49.48% Fe₂O₃, 7.24% TiO₂, 0.373% V₂O₅; and hole R-0072 with 470 m @ 36.72% Fe₂O₃, 5.40% TiO₂, 0.245% V₂O₅, including 69.2 m @ 51.03% Fe₂O₃, 8.55% TiO₂, 0.334% V₂O₅, ending in mineralization. Bench scale testing using Temas' RCL technology confirmed recoveries up to 90.8% titanium, 97.4% vanadium, and 91.5% iron. The Wolverine project, about 12 km inland from the Atlantic and 50 km west of Hopedale, is undergoing its first diamond-drill campaign on a near-surface rare-earth system. The 2025 RC drilling program (25 holes, 817 m) outlined broad, near-surface TREO across ~1.7 km × 1.2 km, with highlights including WOLRC25-003: 48.8 m @ 0.77% TREO from 1.5 m (including 18.3 m @ 1.06% TREO) and WOLRC25-006: 38.1 m @ 0.71% TREO from surface (including 4.6 m @ 1.53% TREO, with a 1.5-3 m interval at 2.03% TREO). Heavy rare earth oxides typically comprise ~24-28% of TREO in this drilling and surface work, with surface sampling up to 21.6% TREO. SAGA's diamond program at Wolverine is planned for 3,000-5,000 m, with first holes W26-001 and W26-002 completed; W26-001 reached 182 m and cut 169 m of the prospective REE-bearing unit. The Wolverine property contains nine licences covering ~294.5 km² adjacent to tidewater. SAGA also owns the Double Mer Uranium Project (25,600 hectares, with uranium radiometrics highlighting an 18 km trend and samples up to 0.428% U₃O₈) and the Legacy Lithium Project in Quebec's Eeyou Istchee James Bay region (72,701 hectares). The company is advancing a diversified portfolio of critical mineral projects in Labrador and Quebec. Mike Stier is CEO & Director of SAGA Metals Corp. Dr. A. Miller, P. Geo., PEGNL, is the Independent Qualified Person who reviewed and approved the technical information in the release.

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