SAGA Metals Announces Follow on Equity Analyst Coverage by Alphabridge Group with Outperform Rating VANCOUVER, B.C. – August 8, 202 6 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical
SAGA Metals Announces Follow on Equity Analyst Coverage by
Alphabridge Group with Outperform Rating
VANCOUVER, B.C. – August 8, 202 6 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV:
SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical
mineral discovery, is pleased to announce that it has received follow on equity analyst coverage by
Alphabridge Group Inc. (“Alphabridge”) , a leading independent corporate finance advisory and
research firm specializing in small and mid-cap companies with an outperform rating.
Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with
growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A),
capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates
a dedicated equity research arm that focuses on providing independent coverage for companies
operating at pivotal stages of development with significant growth potential. Alphabridge’s research
is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense,
and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga
Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in
Labrador, Canada, and its emerging portfolio of critical mineral assets.
Their follow on report on Saga Metals, dated July 27, 2026, titled “Saga Metals Corp. (TSX.V: SAGA) –
Radar Drilling Accelerates, Wolverine REE Acquisition Closes” , highlights the significant
advancement of the Radar project towards its Maiden Mineral Resource Estimate and the
forthcoming diamond drill program on the Wolverine Heavy REE project.
The follow on research report is available to view or to download from the firm’s website:
https://alphabridge.co/download-saga-metals-equity-research-report-july-2026/ or upon written
sent to Alphabridge.
Their initiation report on Saga Metals, dated September 8, 2025, titled “Saga Metals Corp. (TSX.V:
SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,” underscores the
Company’s potential to deliver value through its titanium-vanadium project.
The initiation research report is still available to view or to download from the firm ’s websites:
https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent
to Alphabridge.
Alphabridge Group Inc.
Analyst: Vasant Jain, CFA
Email: [email protected]
Website: www.alphabridge.co
In addition, the research report will be disseminated through various third-party websites and major
institutional platforms as outlined above.
Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and
growth strategy. Alphabridge’s Follow on and Initiation Research Report s include a third -party
independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target
completed by Alphabridge’s analyst, Vasant Jain, CFA.
The opinions expressed in the Research Reports referenced above are the true opinions of the analyst
about Saga Metals and its industry. Any “ forward-looking statements” are Alphabridge’ s best
estimates and opinions based upon information that is publicly available and that analysts believe
to be correct but have not independently verified with respect to truth or correctness. There is no
guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analyst and
Alphabridge do not own any shares of Saga Metals, do not make a market or offer shares for sale of
Saga Metals, and do not have any investment banking business with Saga Metals. Although the
Company has paid a fee to Alphabridge to subsidize the high costs of research and monitoring (just
as fees are paid to bond -rating agencies and auditors for their opinions), the Company is not
responsible for the content, accuracy or timelines contained in an analyst’s report, and the fee was
not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that
opinions, estimates, or forecasts contained in research analyst reports are not subject to the
requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects”
(“NI 43 -101”) and have not received any endorsement or approval by Saga Metals. As such, Saga
Metals does not imply or in any way represent that any of the reports, opinions, estimates, or
forecasts regarding Saga Metals made by research analysts comply with NI 43-101 or represent the
opinions or beliefs of Saga Metals or its management or representatives. In addition to information
filed by Saga Metals as found on SEDAR+ (www.sedarplus.ca), readers should only refer to the
technical report(s) of Saga Metals relating to its projects for information about the projects prepared
in accordance with NI 43 -101. Alphabridge takes steps to ensure independence , including setting
fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and
Standards of Professional Conduct. Additionally, Alphabridge analysts may not trade in any security
under coverage. Alphabridge’s full editorial control of all research, timing of release of the reports,
and release of liability for negative reports are protected contractually. To further ensure
independence, Saga Metals has agreed to a minimum coverage term including an initial report and
three updates. Coverage cannot be unilaterally terminated.
About the Radar Critical Mineral Property in Labrador
The Radar Property comprises 690 mineral claims across 9 mineral licenses, totalling approximately
24,175 hectares in southeastern Labrador, located approximately 10 km south of Cartwright. The
Property entirely encloses the Dykes River Intrusive Complex ( ~160 km² at the surface) and is
accessible year-round via paved Route 510, a Cartwright logging road, and a SAGA -constructed
access trail. Infrastructure advantages include the deep -water port at Cartwright, the Cartwright
Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls.
Diamond drilling, geophysics, trenching and g eological mapping have confirmed a 29 km 2 oxide
corridor encompassing the Trapper, Falcon and Hawkeye Zones. VTM mineralization at Radar is
comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa).
Subject to further exploration, resource definition, and metallurgical testing, the Project may
represent a strategic source of titanium, vanadium, and iron for North American markets.
Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red
(high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over a 29 km2 area,
encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone, with additional targets highlighted
to the west and north. The Property is well serviced by road access and is conveniently located near the town
of Cartwright, Labrador.
Key Project Highlights
• Completed seventy-one (71) holes (R -0008 to R-0078) from Q4 2025 to date in 2026, with
significant oxide intercepts including in R0061 of 396.6 m (true thickness of 3 40.0) of
semi-massive oxide with extensive rhythmic oxide layering.
• Confirmed mineralization in 78 out of 78 drill holes completed and observed in two primary
zones to date.
• Top 15 intercepts from the MRE Drill Program to date can be found in Table 1 below.
• Infrastructure including road access, deep -water port, nearby hydro -electric power and
regional airport.
• Confirmed a 29.0 km2 central oxide corridor that encompasses the Trapper, Falcon and
Hawkeye Zones, demonstrating district-scale potential.
• Consistent grades and thicknesses with semi-massive to massive oxide reporting up to
72.33% Fe2O3,13.3% TiO2, and 0.66% V2O5.
• Excellent core recovery remains above 95% and representative sampling support ongoing
metallurgical test work and the advancement of the maiden Mineral Resource Estimate.
• Bench scale testing with Temas’ proprietary RCL technology confirmed recoveries up to
90.8% titanium, 97.4% vanadium and 91.5% iron.
• A total of 18,641 m has been completed and reported to date for the MRE drill program.
• Analytical results to date include numerous oxide-rich intercepts, including:
Table 1: Top 15 intervals from the 2025 & 2026 drilling programs at the Trapper Zone.
DDH FROM TO L ength True Thickness Fe2O3 TiO2 V205
ID m m m m % % %
R-0009 94.0 181.2 87. 2 84.4 50.67 10.15 0.339
R-0008 170.0 237.6 68.3 66. 2 46.15 9.21 0.311
R-0046 20.0 74.0 54. 0 43.7 58.33 8.78 0.415
R-0040 84.9 130.0 45.1 31. 9 51.20 7.94 0.340
R-0010 1.5 137.0 135. 5 121.7 50.03 7.87 0.352
R-0039 97.0 149.1 52.1 50. 4 58.15 7.68 0.459
R-0051 137.1 169.0 31.9 20. 8 53.07 7.68 0.384
R-0017 73.0 140.6 67. 6 54.9 55.13 7.37 0.448
R-0055 70.1 136.2 66.1 38. 6 47.65 7.36 0.317
R-0045 104.0 144.0 40. 0 31.1 53.69 7.32 0.441
R-0033 97.0 153.0 56.0 43.1 48.03 7.25 0.304
R-0050 116.0 169.0 53.0 42.9 49.61 7.24 0.401
R-0052 87.0 153.0 66.0 54.6 49.63 7.24 0.335
R-0043 28.4 68.2 39.8 30.4 47.93 7.24 0.307
R-0016 44.0 94.6 50.6 47.1 52.05 7.21 0.375
Figure 2: Trapper Zone plan view map outlining location of the MRE drill program completed to date, including
cross-sections 0S4-S13 in Trapper South, T01-T03 in Trapper Transition, and N6-N12 in Trapper North showing
the TMI of the 2025 Trapper Zone ground magnetic survey.
Wolverine REE Project Overview:
The Wolverine REE Project now comprises nine (9) contiguous mineral licenses totalling
approximately 294.5 km², situated approximately 50 km west of Hopedale and 12 km inland from the
Labrador coast . The project is accessible by fixed -wing aircraft to the Hopedale gravel airstrip,
followed by helicopter to site. Infrastructure advantages include commercial air services, ferry
services, and road access in the towns of Natuashish and Hopedale, with communities that have
established agreements with the nearby Vale Voisey’s Bay mine. The project is only 12 km from
tidewater, offering logistical support to potential year-round access.
Figure 3: Regional map highlighting the location of the Wolverine Heavy REE Project near tidewater and
relative to major projects in Labrador including the Strange Lake REE project in Quebec.
Wolverine REE Project Highlights:
• The Wolverine REE project lies within the peralkaline Flower Lake Igneous Suite, an intrusive-
volcanic complex that is part of the 1.28- to 1.13-billion-year-old Gardar rifting province, the
latter hosts globally significant REE deposits: Tanbreez within the Ilímaussaq alkaline
intrusive complex and Strange Lake within a peralkaline granite.
• The project which includes a contiguous 29,450 hectares has district-scale potential, HREE
enrichment, near-surface mineralization, and Tier-1 jurisdiction positions it as a potentially
significant strategic REE asset.
• 2025 reverse circulation (“RC”) drilling confirmed broad, near-surface REE
mineralization across a 1.7 km × 1.2 km area hosted within a significant peralkaline caldera
system.
• 537 samples from the 2025 program returned consistent mineralization, supporting strong
continuity across the drilled footprint. Key intercepts include:
o WOLRC25-003: 48.8 m @ 0.77% total rare earth oxides (“TREO*”) from 1.5 m,
including 18.3 m @ 1.06% TREO
o WOLRC25-006: 38.1 m @ 0.71% TREO from surface, including 4.6 m @ 1.53%
TREO
o WOLRC25-002: 51.8 m @ 0.52% TREO from surface, including 33.5 m @ 0.67%
TREO
• Peak drill program assays reached 2.03% TREO (WOLRC-006-25 – Sample 2355079 from
1.5-3 m), with an average heavy rare earth oxides (“HREO”) contribution of approximately
24-28%, highlighting strong heavy rare earth enrichment.
• Large-scale potential is supported by 26 km² of exposed mineralized tuff at surface, with
depths of only 25–50 m, and less than 10% of the prospective unit drilled to date.
• Mineralization remains open and under-explored, with >1% TREO enriched zones identified
• In the southwestern area of the Project, seven (7) REE-bearing peralkaline pegmatites have
been identified (Figure 3).
o Thirty-nine (39) grab sample returned assays up to 21.6% TREO.
Figure 4: Local geologic map highlighting SAGA’s claims completely encircling the entire Nuiklavik Caldera
Complex.
Wolverine Diamond Drill Program Details
Crews are currently transporting supplies and establishing the full suite of camp infrastructure
required to support safe and efficient operations. The program will have four components that will
be fully integrated: 1) detailed mapping of the previous identified mineralized zone to define the
volcanic stratigraphy and alteration associated with heavy rare earth mineralization, 2) diamond
drill along and down dip throughout the mineralized zone and 3) evaluation of other high priority