SAGA's Drill Success and Capital Raise Signal Major Critical Minerals Push

VANCOUVER, BC – December 10, 2025 – In the quiet, mineral-rich expanse of Labrador, SAGA Metals Corp. has delivered a one-two punch of technical validation and financial endorsement that has the market taking notice. The junior exploration company announced the successful completion of its initial drill phases at the Radar Project, confirming extensive oxide mineralization across a significant strike length. This news arrived in tandem with the closing of an oversubscribed $6 million financing, securing the capital needed to aggressively advance what could become a strategic asset in North America’s quest for mineral independence.

For investors tracking the intersection of capital and industry, SAGA's recent moves are more than just a promising update from the field; they represent a critical de-risking event. By confirming its geological model with physical drill core and securing a full treasury, the company has transitioned its Radar Project from a compelling geophysical story to a tangible, funded development play. The results provide a powerful early validation for a project aiming to supply titanium, vanadium, and iron—three commodities vital to modern defense, energy, and industrial sectors.

From Magnetic Anomaly to Tangible Core

The core of the announcement lies in the ground. SAGA confirmed that all eight diamond drill holes completed across the Trapper North and South zones intersected the targeted oxide mineralization. This success validates a massive 3-kilometer-long magnetic anomaly identified by ground surveys in 2025, effectively confirming that the geophysical target corresponds with actual mineralization. The program has now ground-truthed an impressive 16-kilometer oxide trend, stretching from the Hawkeye zone to Trapper North.

Drilling at the Trapper South zone yielded particularly noteworthy results. Hole R-0013, for instance, intersected a cumulative 174.87 meters of oxide mineralization. This includes 135.87 meters of what geologists call "rhythmic oxide layering," a feature that suggests a large and consistent mineralizing system. These intercepts, as depicted in the company's cross-sections, demonstrate a thick, continuous body of mineralization that remains open for expansion. Meanwhile, drilling in the Trapper North zone confirmed that the exceptional thickness there is partly due to structural repetition, where geological folding has effectively stacked the valuable mineral layers. This structural complexity, while requiring careful interpretation, can significantly increase the tonnage potential within a smaller footprint.

“We are thrilled with the momentum building at Saga Metals as we mark the successful completion of Phases 1 and 2 of our mineral resource estimate drill program, where we tested both the North and South targets within the Trapper zone and encountered extensive oxide mineralization at all eight drill locations,” stated Michael Garagan, CGO & Director of Saga Metals. He emphasized that the results provide a template for future drilling across a 3 km strike length now open for follow-up.

The immediate next catalyst will be the assay results from the first 420 samples sent to the lab, which are expected in the coming weeks. These assays will provide the first quantitative look at the grades of titanium, vanadium, and iron within the mineralized intercepts and will be crucial for modeling the project's economic potential.

Investor Confidence Fuels the 15,000-Meter Campaign

Geological success is only one half of the equation for a junior explorer; the other is capital. SAGA Metals has decisively addressed this by closing an oversubscribed $6 million brokered LIFE Offering. An oversubscribed deal, where investor demand exceeds the number of shares on offer, is a powerful market signal. It indicates strong institutional and retail belief in the project's potential and management's ability to execute its strategy. This fresh capital fully funds the company's planned 15,000-meter drill program, a large-scale campaign designed to move the project towards its first-ever mineral resource estimate, targeted for the second half of 2026.

This influx of capital is pivotal. It allows the company to operate from a position of strength, methodically executing its multi-phase exploration plan without the near-term pressure of returning to the market for funds. The financing underpins the entire 2026 strategy: to systematically drill out the Trapper zone to a depth of approximately 200 meters, establish grade and width continuity, and ultimately define an indicated mineral resource. An indicated resource is a major milestone that elevates a project's credibility and forms the basis for preliminary economic studies.

The company also disclosed an increased budget for its marketing and investor awareness initiatives, a logical step for a company transitioning from early-stage exploration to a more advanced resource definition phase. As technical milestones are met, communicating their significance to a broader market becomes essential for maintaining shareholder value and attracting future strategic partners.

A Strategic Asset in a Shifting Global Market

The true significance of the Radar Project extends beyond SAGA's corporate achievements and into the realm of geopolitics and supply chain security. The vanadiferous titanomagnetite (VTM) mineralization at Radar is being compared to world-class deposits like South Africa's Bushveld Complex and China's Panzhihua—the planet's primary sources of vanadium. With the West actively seeking to reduce its reliance on China and Russia for critical materials, developing a large-scale domestic source of titanium and vanadium is a strategic imperative.

Vanadium is essential for producing high-strength, low-alloy steel used in everything from bridges to pipelines. More importantly, it is a key component in Vanadium Redox Flow Batteries (VRFBs), a leading technology for grid-scale energy storage that is crucial for integrating renewable energy sources like wind and solar. The North American vanadium market is projected to grow steadily, with the energy storage segment representing the fastest-growing application. Similarly, titanium's high strength-to-weight ratio makes it irreplaceable in the aerospace and defense industries. The North American titanium market, valued at over $4.2 billion in 2024, is largely driven by demand for new, lightweight aircraft.

By advancing a project that hosts titanium, vanadium, and iron, SAGA Metals is positioning itself as a potential future supplier for three critical supply chains. The successful confirmation of extensive mineralization across its Labrador property is the first major step in turning that strategic potential into a defined, economic asset. With drilling now complete for the year and a full treasury in place, all eyes will be on the upcoming assay results and the launch of the major 2026 drill program that will determine the ultimate scale of this emerging Canadian critical minerals discovery.