SAGA Metals Confirms Significant Continuous Magnetic Anomaly at the Radar Critical Minerals Project in Labrador-Comparable to Largest Known Intrusions Globally

The most recent news, dated May 21, 2026, reports initial results from a helicopter‑borne Full Tensor Magnetic Gradiometry (FTMG) survey flown over the 100%‑owned Radar Titanium‑Vanadium‑Iron Project in Labrador. The survey, conducted in late April 2026 with 75 m line spacing, directly imaged the internal magnetic layering of the Dykes River Intrusive Complex. Critically, it identified a large, coherent, high‑amplitude magnetic response – the Falcon Zone – located 5 km east of the main Trapper South drilling area. The Falcon Zone is described as the largest untested target on the property, and its surface expression is directly compared to the world’s largest known titanium‑vanadium deposits. The survey also confirmed continuity from Trapper South toward the Falcon Zone, resolved the Trapper North antiform, and defined the Hawkeye Lower Cumulate Layer as multiple sub‑parallel bands. The release includes a reminder that all 57 diamond drill holes completed to date at Radar have intersected VTM mineralization, with multiple high‑grade intercepts (e.g., 87.2 m @ 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅). Upcoming work includes completion of the Trapper MRE drilling, 3D magnetic inversion modelling, metallurgical test work, and the first diamond drilling at the Falcon Zone.

This news represents a material positive development. While the drill results from the Trapper Zone have been consistently strong and closely followed over the past year, the FTMG survey substantially elevates the project’s exploration potential in two ways. First, it provides a direct, high‑resolution image of the oxide layering and structural geometry that will guide the ongoing maiden resource estimate (MRE) drilling at Trapper. Second, and more significantly, it unveils the Falcon Zone – a completely untested, large‑scale magnetic anomaly whose footprint is claimed to be comparable to world‑class intrusions. This adds a genuine “blue‑sky” component beyond the previously defined 20 km oxide strike, and the market had not priced in the existence of such a large, separate target. The quantification of the anomaly’s scale (comparable to the largest known global deposits) is a new, unexpected piece of data that moves the narrative from a consistent but routine resource‑definition story to one with significant discovery upside. The stock has yet to react to this news (the last price is $0.71 on May 20, 2026). The financing overhangs have been cleared (the oversubscribed $10.2M placement closed May 8) and the balance sheet is robust, so the news is likely to be received positively.

SAGA Metals Corp. is a critical‑minerals exploration company focused on its 100%‑owned Radar Titanium‑Vanadium‑Iron (Ti‑V‑Fe) Project in Labrador, Canada. The 24,175‑hectare property covers the entire ~160 km² Dykes River layered mafic intrusive complex, which hosts extensive, continuous oxide layering enriched in vanadiferous titanomagnetite (VTM). Since the maiden drill program in early 2025, the company has completed 57 diamond drill holes, 100% of which have intersected VTM mineralization. The flagship Trapper Zone has returned broad, high‑grade intercepts, such as 135.5 m @ 50.03% Fe₂O₃, 7.87% TiO₂, 0.352% V₂O₅ (hole R‑0010). The project is positioned as a potential domestic source of titanium and vanadium for defense, aerospace, and energy storage, with excellent local infrastructure (road access, deep‑water port, hydroelectric power, airstrip).

In addition, SAGA holds the Wolverine REE Project (heavy rare earths, now expanded to ~29,450 ha), the Garneau Project (Ti, acquired from Rio Tinto in Quebec), the Double Mer Uranium Project, and the North Wind Iron Ore Project, providing a diversified critical‑mineral portfolio.