SAGA Metals Closes Non-Brokered Private Placement
SAGA Metals Closes Non-Brokered Private Placement
This news release is not for distribution to U.S. newswire services or for dissemination in the
United States.
VANCOUVER, B.C. – September 1, 2026 – SAGA Metals Corp. (“SAGA” or the “Company”) (TSXV:
SAGA) (OTCQX: SAGMF) (FSE: 20H) , a North American exploration company focused on critical
mineral discoveries, announces that it has closed a financing by way of a non- brokered private
placement for aggregate gross proceeds of C$3,350,800.20 (the “Offering”) comprised of 6,092,364
flow-through common shares of the Company (the “FT Shares”) at C$0.55 per FT Share.
Each FT Share will qualify as a “ flow-through share” as defined in subsection 66(15) of the Income
Tax Act (Canada) (the “Tax Act”).
The gross proceeds from the sale of the F T S h a r e s w i l l b e u s e d b y t h e C o m p a n y t o i n c u r e l i g i b l e
“Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures”
as such terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s
mineral resource properties on or before December 31, 202 7. All Qualifying Expenditures will be
renounced in favour of the subscribers of the FT Shares effective December 31, 2026.
The Company has paid a total of C$164,486.01 and issued an aggregate 299,065 non -transferable
finder’s warrants (the “ Finder’s Warrants”) to arm’s -length parties, with each Finder’s Warrant
exercisable at any time prior to the date that is 24 months from the closing date of the Offering (the
“Closing Date”) to acquire one common share of the Company at an exercise price of C$0.95 per
common share.
All securities issued pursuant to and in connection with the Offering , including any securities
issuable upon exercise thereof, will be subject to a hold period of four months and one day following
the Closing Date pursuant to applicable securities laws. The Offering has been conditionally
approved by the TSX Venture Exchange.
The securities of SAGA have not been and will not be registered under the United States Securities
Act of 1933 , as amended (the “U.S. Securities Act”), or any state securities laws, and may not be
offered or sold, within the United States, unless exemptions from the registration requirements of the
U.S. Securities Act and applicable state securities laws are available.
No securities regulatory authority has reviewed or approved of the contents of this news release. This
news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of
SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 4,641 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. Historic drilling identified consistent mineralization with
assays up to 2.03% TREO including approximately 28% HREO and grab sample assays up to 21.6%
TREO. Large scale potential is supported by 26 km 2 of exposed mineralization tuff at surface with
about 5% of the prospective unit drilled to date.
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 and forward -looking information
(collectively, “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 statements pertaining to the Company’s plans and objectives
in respect of the use of proceeds from the Offering , the incurrence and renunciation of Qualifying
Expenditures by the Company and the timing thereof, the tax treatment of the FT Shares, the receipt
of final approval from the TSX Venture Exchange and other statements that are not historical facts..
There can be no assurance that such forward-looking 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 industry, 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, availa ble under its SEDAR+ profile at www.sedarplus.ca.
The reader is cautioned that assumptions used in the preparation of any forward-looking statements
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. T he reader is cautioned not to place undue
reliance on any forward-looking statements. Such forward-looking statements, although considered
reasonable by management at the time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward -looking statements contained in this news
release are expressly qualified by this cautionary statement. 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.