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SAGA.V ·

SAGA Metals Approved to Join the Defense Industrial Base Consortium (DIBC) to Support Critical Mineral Supply Chain Security in North America VANCOUVER, B.C. – August 20, 202 6 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV:

SAGA Metals Approved to Join the Defense

Industrial Base Consortium (DIBC) to

Support Critical Mineral Supply Chain

Security in North America

VANCOUVER, B.C. – August 20, 202 6 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV:

SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical

mineral discoveries, is pleased to announce that it has been approved as a member of the Defense

Industrial Base Consortium (“DIBC”), a U.S. Department of Defense -supported initiative managed

by Advanced Technology International (“ATI”).

Membership in the DIBC strengthens SAGA’s position within the growing network of companies,

research institutions, and government partners working to enhance the resilience and security of

North American critical mineral supply chains that support defense, aerospace, advanced

manufacturing, and national security priorities.

Mike Stier, CEO & Director of SAGA Metals, commented:

“Being approved to join the Defense Industrial Base Consortium is a significant milestone for SAGA.

It reflects the strategic importance of our critical minerals portfolio , particularly our flagship Radar

Titanium-Vanadium-Iron Project in Labrador , and aligns directly with the urgent need for secure,

allied sources of materials essential to defense and industrial applications. Membership provides

SAGA with valuable access to a collaborative network of U.S. defense stakeholders, industry

partners, and potential funding and prototyping opportunities under the Other Transaction Authority

framework. As we continue advancing our projects toward resource definition and development, this

membership enhances our ability to engage with the broader ecosystem fo cused on strengthening

North American supply chain security. ”

What Membership Means for SAGA

As a DIBC member, SAGA gains access to a collaborative platform connecting traditional and non-

traditional defense contractors, research organizations, federal agencies, and innovative

companies. Membership provides opportunities to:

• Engage with U.S. Department of Defense and related stakeholders on critical materials

initiatives;

• Participate in solicitations, industry events, and capability-matching activities;

• Explore research, prototyping, and industrial base strengthening opportunities under the

flexible Other Transaction Authority (OTA) framework;

• Collaborate with partners focused on securing domestic and allied supplies of titanium,

vanadium, rare earth elements, and other strategic minerals; and

• Increase visibility of SAGA’s North American projects within the defense industrial

ecosystem.

While membership does not guarantee contracts or funding, it positions the Company to more

effectively demonstrate the strategic relevance of its assets and participate in initiatives aimed at

reducing reliance on foreign-controlled sources of critical minerals.

About the Defense Industrial Base Consortium (DIBC)

The Defense Industrial Base Consortium is a U.S. Department of Defense -supported consortium

established to strengthen, expand, and modernize the U.S. defense industrial base. Managed by

Advanced Technology International (ATI), the DIBC fosters collaboratio n among government

agencies, industry (both traditional and non- traditional defense contractors), academia, and

emerging suppliers.

The consortium focuses on accelerating innovation and addressing supply chain vulnerabilities

across priority areas, including critical chemicals and minerals, rare earth elements (REEs), energy

storage and batteries, microelectronics, castings and forgings, small unmanned aerial systems, and

other technologies vital to national security. Membership is open to U.S. companies and certain

allied entities (including those based in Australia, Canada, and the United Kingdom) that can

contribute to these objectives. The DIBC currently includes more than 1,500 member organizations.

Critical Minerals and Supply Chain Security

Titanium, vanadium, rare earth elements, and related critical minerals are increasingly recognized

for their importance in aerospace, defense systems, advanced manufacturing, and energy

technologies. North American governments have prioritized the developm ent of secure, resilient

domestic and allied supply chains to reduce dependence on concentrated foreign sources.

SAGA’s portfolio is directly aligned with these priorities and m embership in the DIBC provides a

structured pathway for SAGA to engage with stakeholders focused on these same goals, supporting

the Company’s broader strategy of advancing high-quality critical mineral projects in premier North

American jurisdictions that can help meet long -term demand from defense, industrial, and clean -

energy sectors.

About SAGA Metals Corp.

SAGA Metals Corp. is a North American mining company focused on the exploration and discovery

of a diversified suite of critical minerals that support the North American transition to supply security.

The 100% owned Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes

River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to

date, includin g 2 3,725 m of drilling in the Hawkeye and Trapper zones , ha s confirmed a large,

mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite

mineralization with consistently uniform grades of titanium, vanadium and iron.

The 100% owned Wolverine Heavy Rare Earth Element Project in Labrador, is a near -surface REE

system hosted within a peralkaline caldera complex that shares strong geological similarities with

the Tanbreez and Strange Lake deposits. The project features consistent mineralization, with zones

spanning 26 km 2, including drill as say s up to 2.03% TREO with appro ximately 28% HREO content,

and sample assays up to 21.6% TREO.

The 100% owned Double Mer Uranium Project covers 25,600 hectares and features uranium

radiometrics that highlight an 18 km east -west trend, with a confirmed 14 km section producing

samples as high as 0.428% U3O8. (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Pro ject in Quebec's Eeyou Istchee James Bay region.

This project spans 72,701 hectares and has geological attributes similar to nearby terrains currently

being explored by Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically

positioned to play an essential role in securing critical minerals.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations

SAGA Metals Corp.

Tel: +1 (844) 724-2638

Email: [email protected]

www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities

laws that are not historical facts. Forward-looking statements are often identified by terms such as

“will” , “may” , “should” , “anticipates” , “expects” , “believes” , and similar expressions or the negative

of these words or other comparable terminology. All statements other than statements of historical

fact, included in this release are forward-looking statements that involve risks and uncertainties. In

particular, this news release contains forward -looking information pertaining to the Company’s

Projects and its membership in the DIBC. There can be no assurance that such statements will prove

to be accurate, and actual results and future events could differ materially from those anticipated in

such statements. Important factors that could cause actual results to differ materially from the

Company’s expectations include, but are not limited to, changes in the state of equity and debt

markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental

approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties

involved in the mineral exploration and development indus try, particularly given the early -stage

nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure

filings with securities regulations from time to time, available under its SEDAR+ profile at

www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-

looking information may prove to be incorrect. Events or circumstances may cause actual results to

differ materially from those predicted, as a result of numerous known and unknown risks,

uncertainties, and other factors, many of which are beyond the control of the Company. The reader

is cautioned not to place undue reliance on any forward -looking information. Such information,

although considered reasonable by management at the time of pr eparation, may prove to be

incorrect and actual results may differ materially from those anticipated. This cautionary statement

expressly qualifies forward-looking statements contained in this news release. The forward-looking

statements contained in this news release are made as of the date of this news release , and the

Company will update or revise publicly any of the included forward -looking statements only as

expressly required by applicable law.