Northwire Canada EditionSaturday, August 1, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%

← Back to our analysis

Original News Release

Saga Metals identifies anomaly at Radar

Mr. Michael Garagan reports SAGA METALS CONFIRMS A 3 KM CONTINUOUS MAGNETIC ANOMALY IN THE TRAPPER ZONE AT THE 100% OWNED RADAR TITANIUM PROPERTY IN LABRADOR, CANADA & PROVIDES CORPORATE UPDATE Saga Metals Corp.'s geophysics team has confirmed a three-kilometre continuous magnetic anomaly in the Trapper zone that remains open in both directions along strike. Michael Garagan, CGO and director of Saga, stated: "Previous data from the regional aeromagnetic survey suggested two large anomalies existed within the Trapper zone, leading our teams to refer to the zone as north and south. Now, with the additional total magnetic intensity data, we can clearly see that we are dealing with one large, continuous anomaly, featuring our highest magnetic readings to date. This zone alone showcases a strike length and width comparable to those of notable other projects. The striking lateral continuity of the oxide layering in the Trapper zone suggests that the layering is contiguous with the oxide layering identified in the Hawkeye zone, adding further data to support a potential 20 km oxide layer strike." A ground-based magnetic survey was conducted over both the northern and southern sections of the Trapper zone during July, 2025. The survey utilized two GSM-19 magnetometers to collect magnetic-field and VLF-EM data (using VLF transmitter cutler). The survey used a grid of north-south lines, spaced 50 metres apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations map a distinct northwest trend of magnetic highs that correlates well with the exposures of oxide layering. In a similar fashion to the Hawkeye zone, Saga's geophysics team reports strong magnetic responses within the Trapper zone, requiring recalibration of the geophysical instruments. While readings exceeded 74,000 nT in the Hawkeye zone, at the Trapper zone, they observed responses as high as 115,498 nT over the northern Trapper zone and over 113,000 nT over the southern Trapper zone. In some cases, the instruments reached the maximum level of detection (120,000 nt). Trapper zone excavator trenching -- confirmation in bedrock of magnetite layering Early in this summer season, Saga completed a four-kilometre access trail along the core of the Trapper zone, providing necessary access for future drill programs and exploration activities. Saga's field team began follow-up of the Trapper zone magnetic responses in July. Gladiator Drilling's 25-tonne excavator opened three trenches perpendicular to the inferred strike, exposing cumulate layers of semi-massive to massive vanadiferous titanomagnetite (VTM) mineralization over a total of 504 square metres (5,425 square feet). The Trapper zone is now confirmed as a similar occurrence to the Hawkeye zone, based on the early results of ground geophysical surveys and trenching. Taken together with the geophysical surveys and winter 2025 drilling results at the Hawkeye zone, the exploration potential of the 20 km long arcuate response of the regional aeromagnetic is confirmed. The high-definition details of the Trapper zone ground magnetic anomalies indicate multiple layers of the strongest magnetic layering and define additional detail to the regional magnetic responses. The pattern of magnetic anomalies indicates that the design of the next drilling and sampling phases should consider both the early geometry of the Dykes River intrusive complex and a later phase of open folding. About the Radar titanium project Located just 10 kilometres from Cartwright, Labrador, the 24,175-hectare Radar titanium project is supported by existing infrastructure, including road access, a deepwater port, an airstrip and nearby hydroelectric power. The property completely encompasses the Dykes River intrusive complex, a previously underexplored layered mafic body. With a large oxide layering thickness, a near-monomineralic vanadiferous titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar titanium project shows the potential to become a globally significant VTM project. Michael Garagan, CGO and director of Saga, continued: "These geophysical findings further validate the importance of the team's estimate that a 15,000-metre drill program can get us to our maiden drill-indicated mineral resource. With simple homogenous geochemistry, large oxide layers, seasoned experts supporting our technical analysis, upgraded infrastructure within the Trapper zone and strong provincial support through the JEA program we can fast track development and create meaningful value to shareholders in the near term at the Radar project." Continued government support Saga's letter of intent was approved under the JEA 2025 program as a critical minerals primary exploration target, recognizing the property's alignment with provincial and federal priorities to secure domestic supplies of key metals. With up to $143,949 in non-dilutive funding already approved, this support continues to offset exploration costs while advancing shareholder value. Investor relations agreements The company further announces that it has entered into an investor relations agreement dated Aug. 4, 2025, with Dig Media Inc. doing business as Investing News Network (INN), pursuant to which INN has agreed to provide certain investor relations services to the company in exchange for cash consideration in the amount of $100,000, which is due upon execution of the IR agreement. The IR agreement has an initial term of 12 months ending on Aug. 5, 2026, or such later date as may be determined by the parties. Pursuant to the terms of the IR agreement, INN will provide certain services to the company, including republication of Saga's news release, website banner advertising, e-mail banner advertising, news release dedicated e-mails, Web browser messages, sponsored content, interviews with Saga's CEO (chief executive officer), advertising on social media, programmatic advertising, campaign metrics and account management. INN is based in Vancouver, Canada, and has been dedicated to providing independent news and education to investors since 2007. INN is arm's length to Saga and holds no securities, directly or indirectly, of the company nor has any right or intent to acquire such an interest. In addition, Saga has engaged Think Ink Marketing Data & Email Services to provide corporate awareness and digital marketing services. Think Ink will leverage its expertise in native and display advertising, video content distribution, social media coverage, and targeted e-mail marketing to enhance the company's digital presence and expand market awareness. The company has budgeted up to $100,000 (U.S.) for the three-month agreement. The compensation is payable in monthly instalments. Either party may terminate the agreement with 30 days of written notice, and any portion of the compensation already paid that remains unspent or uncommitted as of the effective date of termination shall be returned to the company. Compensation to Think Ink does not include any securities of the company, and Think Ink does not hold any interest, directly or indirectly, in the company. Think Ink is at arm's length to the company and has no relationship with the company outside of this engagement. Think Ink Data & Email Services is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click on-line banner and native ads, Think Ink helps its clients to reach a network of potential investors. Qualified person Paul J. McGuigan, PGeo, is an independent qualified person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe project disclosed in this news release. About Saga Metals Corp. Saga Metals is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar titanium project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 square kilometres on the surface near Cartwright, Labrador. Exploration to date, including a 2,200-metre drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium. The Double Mer uranium project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18-kilometre east-west trend, with a confirmed 14 km section producing samples as high as 0.428 per cent U3O8 (triuranium octoxide) and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer technical report). Additionally, Saga owns the Legacy lithium property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault lithium project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration and Loyal Metals. With a portfolio that spans key minerals crucial to the green energy transition, Saga is strategically positioned to play an essential role in the clean energy future. We seek Safe Harbor.
View at source ↗