SAGA Metals Acquires Strategic Titanium Assets from Rio Tinto in Quebec
SAGA secures strategic Quebec titanium asset from Rio Tinto as Labrador drilling confirms district-scale high-grade oxide continuity.
The most recent news (March 26, 2026) announces the strategic acquisition of the Garneau Titanium Project in Quebec from Rio Tinto Exploration Canada. The 6,450-hectare property sits within the Havre-Saint-Pierre anorthosite complex, near Rio Tinto’s world-class Lac Tio mine. SAGA acquired 100% interest in exchange for relieving Rio Tinto of exploration expenditure obligations on SAGA’s Legacy Lithium project, while granting Rio Tinto a 2% NSR.
Simultaneously, historical news from March 2026 confirms exceptional drilling success at the flagship Radar Project in Labrador. Recent assays from the Trapper South zone (Holes R-0018 to R-0020) returned broad intercepts including 45.7m @ 49.51% Fe2O3, 6.56% TiO2, and 0.374% V2O5. The company has maintained a 100% success rate in hitting mineralization across 36 holes in the current program.
- Strategic Validation: Acquiring a project from a major like Rio Tinto—and in the same district as their flagship operation—is a massive third-party validation of SAGA’s management and their focus on titanium.
- Asset Diversification: SAGA is no longer a single-project story. The Garneau project provides a "drill-ready" high-priority target with a massive 4.5km x 7.5km magnetic anomaly in a proven jurisdiction.
- Operational Consistency: The Radar Project results are proving "remarkable consistency." The transition from the Hawkeye Zone to the Trapper Zone has seen a significant increase in grades (up to 124% increase in Fe2O3 and 105% in TiO2 compared to earlier results).
- Financial Strength: The company successfully triggered a warrant acceleration in early 2026, raising over C$3.4 million in Q1 2026 alone, following a C$6 million raise in late 2025. This provides a robust treasury for the 15,000m drill program.
SAGA Metals is focused on North American critical minerals. - Flagship: The Radar Project (Labrador) covers 24,175 hectares and the entire Dykes River intrusive complex. It hosts a 20km+ strike of titanium-vanadium-iron mineralization. - Secondary Assets: Garneau (Titanium, Quebec), Double Mer (Uranium, Labrador), and Legacy/Amirault (Lithium, Quebec).