Critical Metals Discovery Sends Junior Miner Stock Surging

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Monday, May 5, 2025

The race for critical metals is intensifying as countries and companies scramble to secure these essential resources, which are vital to a wide range of high-tech applications. When a mining company makes meaningful progress in discovering new sources, investors are quick to take notice—and that seems to be exactly what happened this morning.

Shares of SAGA Metals Corp. (TSX-Venture: SAGA) (OTCQB: SAGMF) are taking off on positive drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Early drilling results from the winter exploration program have revealed promising mineralization, confirming the presence of a valuable iron-titanium-vanadium mineral called vanadiferous titanomagnetite. 

Lab tests from the first two drill holes show strong concentrations of these metals, including one section with 31.5 meters containing nearly 26% iron, over 5% titanium, and 0.28% vanadium, and another with 50 meters showing similar grades. 

Some smaller, high-grade sections contained over 40% iron and up to 0.5% vanadium. These mineral-rich zones averaged 20–40% titanomagnetite, with some layers exceeding 60%. 

The drilling, which reached depths of 200 meters, confirmed previous geophysical surveys and has so far explored only a small fraction—about 1/40th—of the potential 20-kilometer strike zone within the Dykes River intrusion.

"We are very encouraged by these initial drilling results," commented Michael Garagan, CGO & Director of SAGA Metals. "They validate our geological models and significantly expand our expectations for the entire Radar property. The Hawkeye Zone is just one of five primary targets currently identified; excitingly, this zone remains one of the smallest prospects. Our strategy moving forward will involve methodically advancing exploration and drilling at our highest-priority targets. The door is now open to roll out a standardized order of operations. We know these layers are anomalous based upon surface geochemistry. Exploration moving forward is ‘magnetic survey - drill – repeat’ as we begin to survey the entirety of the oxide layering zone and prepare to identify the most prospective targets for the next drill program.”

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