SAGA Metals Completes OTCQB Listing and Receives DTC Eligibility
SAGA Metals Completes OTCQB Listing and Receives DTC Eligibility
VANCOUVER, British Columbia, Dec. 09, 2024 -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB:
SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in Canada, is pleased to
announce that its common shares are now eligible to trade on the OTCQB under the symbol “SAGMF” and that it has received
approval from the Depository Trust Company (“DTC”) to make the shares eligible to be electronically cleared and settled (“DTC
Eligibility”).
The OTCQB is a leading market for early-stage and developing U.S. and international companies. Recognized as an
established public market by the U.S. Securities and Exchange Commission and operated by OTC Markets Group, Inc., the
OTCQB has helped companies build considerable shareholder value including enhanced liquidity and valuation. Investors may
benefit from efficient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and
trusted disclosure that is made broadly available to broker-dealers and market data providers.
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company that manages the electronic
clearing and settlement of publicly traded companies. DTC Eligibility incorporates an electronic method of clearing securities
that speeds the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC Eligibility
simplifies the process of trading and transferring SAGA shares between brokerages in the United States.
Mike Stier, CEO & Director of SAGA Metals Corp. commented: “Today’s news positions SAGA to engage with confidence,
purpose and consideration more meaningfully with current and future investors. This is an important milestone towards
broadening our market presence across the United States as we engage with this significant shareholder audience. Listing on
the OTCQB will provide heightened transparency and visibility to the investment community. DTC eligibility allows current and
prospective shareholders of SAGA a reliable, cost-efficient, and timely method for clearing and settlement of our common
shares.”
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that
support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, is located in
Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometer east-
west trend, with a confirmed 14-kilometer section producing samples as high as 4,281ppm U 3O8 and spectrometer readings of
22,000cps.
In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This
project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project.
Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the
area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.
SAGA also holds secondary exploration assets in Labrador, where the company is focused on the discovery of titanium,
vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically
positioned to play an essential role in the clean energy future.
For more information, contact:
SAGA Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: [email protected]
www.sagametals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
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 OTC Markets listing and DTC
eligibility. 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, risks and uncertainties involved in the mineral exploration and development industry, and the risks
detailed in the Company’s Prospectus filed under its profile at www.sedarplus.ca and in the continuous disclosure filings made
by the Company with securities regulations from time to time. 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 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.