SAGA Metals Announces Warrant Expiry Acceleration-Reports Over $675,000 of Warrant Money Exercised and Received since January 1, 2026

Executive Summary

• Saga Metals elects to accelerate the expiry of outstanding common share purchase warrants, potentially generating approximately $3.6 million in additional cash from warrant exercises.
• The acceleration is triggered by the TSX‑Venture Exchange closing price staying at or above C$0.75 for ten consecutive trading days, with the new expiry set for February 21, 2026.
• The company highlights strong drilling results from its Radar Critical Mineral Project and outlines a 30‑hole, ~7,500 m drill program for 2026, underscoring continued exploration momentum.

Key Details

• Warrant Portfolio:
• May Financing (May 2025) – 6,637,667 common share purchase warrants + 163,146 finder’s warrants.
• October Financing (Oct 2025) – 555,750 finder’s warrants.
• Accelerated Expiry Date: 4:00 p.m. Vancouver time on February 21, 2026; any unexercised warrants after this date will expire.
• Funding Impact: Expected $3.6 M of additional cash if all accelerated warrants are exercised, adding to the $9 M raised in Q4 2025 and $0.675 M already received from prior warrant exercises.
• Trigger Condition Met: TSX‑V share price ≥ C$0.75 for ten consecutive trading days as of Jan 22, 2026.
• Regulatory Notice: Warrants were issued in unregistered securities offerings; they may not be offered or sold in the United States absent exemption.
• Radar Project Highlights (Drilling Results):
• 15/15 drill holes intersected mineralization.
• Notable intercepts:
  • R‑0010 – 135.50 m @ 50.03% Fe₂O₃, 7.87% TiO₂, 0.352% V₂O₅
  • R‑0011 – 95.15 m @ 39.49% Fe₂O₃, 6.49% TiO₂, 0.220% V₂O₅
  • R‑0009 – 87.20 m @ 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
  • R‑0008 – 67.60 m @ 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
  • R‑0007 – 57.70 m @ 27.09% Fe₂O₃, 5.31% TiO₂, 0.365% V₂O₅
• 2026 Drill Program Plan: Targeting ~30 holes (≈7,500 m) in the Trapper South zone, then progressing northward to complete the remainder of the MRE drill campaign by spring 2026.
• Qualified Person: Paul J. McGuigan, P.Geo., reviewed and approved technical information per NI 43‑101.

Notable Quotes

“We are thrilled to accelerate the expiry of these warrants, which calls in approximately $3.6 million in additional funding… With a robust cash runway secured and major catalysts on the horizon throughout 2026—including key exploration results, project advancements, and potential partnerships—we are well‑equipped to execute our strategy and deliver significant value to shareholders.” – Mike Stier, CEO & Director