Tuesday September 30, 2025 | VANCOUVER, BC
Exploring the Critical Minerals Sector | Backgrounder by Island Social Trends
SAGA Metals Corp. is a diversified critical mineral exploration company whose principal business is the acquisition and exploration of mineral assets that support the global green energy transition.
Canada has the second largest landmass in the world with a wealth of mineral resources with 34 marked as “critical” by the Canadian federal government. SAGA currently aims to discover five of these critical minerals to support a greener and more sustainable future.
SAGA says that critical minerals have become indispensable to global progress, serving as foundational inputs for clean energy, defence, space exploration, and digitalization. Bloomberg New Energy Finance reportedly projects demand could surge by as much as 2,100% between 2022 and 2050.
Financing for exploration:
SAGA securities have not been and will not be registered under the United States Securities Act and may not be offered or sold within the United States, as stated by the company in a news release today in announcing their financing for advanced exploration at their Radar Project in Labrador.
A major drilling program will start in November 2025 to expand known mineralization and advance toward completion of a maiden mineral resource estimate.
Work will include enhanced trench analysis, survey and geophysical preparation, and establishing full camp infrastructure.
Four properties in Canada:
SAGA currently has four 100% owned mineral properties in Canada:
- Radar Titanium-Vanadium Property spans 24,175 hectares located 10 km south of the coast city Cartwright, Labrador. This property is an opportunity to establish a secure domestic source of titanium, vanadium, and iron ore — minerals essential to aerospace, defense, advanced batteries, steelmaking, and renewable energy systems.
- Double Mer Property is Saga’s primary uranium exploration project consisting of 1,024 claims covering an area of 25,600 hectares in eastern central Labrador; 90 km northeast of Happy Valley, Goose Bay, which is the subject of the Double Mer Uranium Technical Report. The Uranium radiometrics highlight an 18 km east-west linear trend averaging approximately 500 meters in width.
- Legacy Lithium Property is an LCT spodumene pegmatite lithium exploration project consisting of an aggregate of 663 claims covering an area of 34,243.76 hectares in the Eeyou Istchee James Bay region of Quebec. The site includes a combined 7 km strike of Lithium, Cesium & Tantalum. The project has a strategic partnership with Rio Tinto Exploration Canada (RTEC).
- North Wind Iron Ore Property comprising 6,375 hectares in West Central Labrador. The project is located 16km southwest of Schefferville, Quebec, within the prolific Labrador Trough.
According to SAGA’s website, their management and technical teams are proficient in capital markets and have a wealth of knowledge and experience across numerous exploration projects throughout the world.
About minerals for the green energy transition:
Iron ore is the backbone of global steel-making, underpinning infrastructure, manufacturing, transportation, and energy systems.
As the steel industry shifts toward low carbon “green steel” production, demand for high-grade iron ore is accelerating, making secure North American sources increasingly strategic.
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NEWS SECTIONS: CANADA-NATIONAL | MINING & CRITICAL MINERALS