Saga Metals

Firm Highlights

• Saga Metals is an exploration firm with a diversified portfolio of essential minerals property in top-tier mining jurisdictions in North America consisting of uranium, lithium, titanium-vanadium and iron ore initiatives.
• Saga Metals’ flagship asset is the Double Mer Uranium Property with an 18km development verified with high-resolution magnetic survey, uranium rely radiometrics, constant counts-per-second (cps) readings and rock pattern assay outcomes of as much as 4,280ppm U3O8. With quite a few targets validated within the 2024 summer season exploration program the corporate is planning for its maiden drill program this winter.
• The corporate not too long ago entered a CAD$44M three way partnership with Rio Tinto to advance the exploration of the Legacy Lithium venture in James Bay, Quebec.
• The Legacy Lithium property is devoted to increasing North America’s latest lithium district within the prolific James Bay area.

The Double Mer uranium venture is a 1,024 declare spanning 25,600 hectares in jap central Labrador, 90 km north east of Joyful Valley, Goose Bay. The property lies between Lake Melville and Double Mer, each inlets off the Labrador Sea. The venture has seen thousands and thousands of {dollars} value of exploration from 1970 to 2008, and encompasses a 10-person winterized camp. An in depth geophysical and radiometric survey, which was supported by discipline work, demonstrates the Double Mer property extends past 14 km of strike, with elevated uranium samples and CPS readings. Long run plans embody growing the venture for the potential takeover by a significant, just like the current acquisition of Fission Uranium by Paladin Power for $1.2 billion.

Legacy Lithium

The Legacy lithium property is devoted to increasing North America’s latest lithium district within the prolific James Bay area of Quebec. The property is topic to the Rio Tinto partnership and the Amirault lithium property acquisition. The initiatives span over 65,849 hectares and hosts the identical geological setting alongside strike from Rio Tinto, Winsome Assets, Azimut Exploration, and Loyal Lithium within the La Grande sub-province. James Bay is inside Quebec’s Plan Du Nord, which earmarks thousands and thousands of {dollars} for improvement of Quebec’s northern infrastructure.

Legacy is the topic of a joint possibility settlement between Saga Metals and Rio Tinto, underneath which Rio Tinto will act as venture supervisor through the first and second possibility interval. The optioned property comprises 663 claims spanning 34,243 hectares internet hosting 100 km of putting paragneiss.

Saga Metals CEO Mike Stier cited the settlement as a “important milestone within the firm’s improvement,” offering the mandatory capital for the exploration of the Legacy lithium venture.

Radar

Saga Metals owns 100% of this 17,250 hectare land bundle with street entry, solely 10 km away from the coastal metropolis of Cartwright, Labrador. The Radar venture is potential for titanium and vanadium, each essential minerals. Saga Metals is planning a $172,500 work program this discipline season to extend confidence within the recognized mineralized zone in addition to discover new potential areas of the property.

North Wind

Positioned in west central Labrador, 16 km southwest of Schefferville, Quebec inside the Labrador Trough, the North Wind iron venture consists of 255 declare blocks underneath a single license. The mineral license contains 6,375 hectares and comprises eight historic drill holes which fashioned a part of New Millennium Iron’s useful resource estimate 43-101 in 2013. The common grade of the drill holes, which now sit inside the North Wind Iron property, was 21 p.c iron over the entire eight drill holes that totaled 590 meters. Saga Metals is conducting a small boots-on-the-ground program, which it plans to progress right into a drill program after affirmation of structural measurements of a potential deposit.

Administration Workforce

Michael Stier – Chief Govt Officer and Director

Educated in enterprise administration and finance, Michael Stier has spent the previous 15 years targeted on and constructing experience in capital markets. Skilled in company construction, finance, enterprise improvement, IPOs, M&A and wealth administration, Stier served as a CIBC IIROC licensed senior monetary advisor, senior analyst for a personal fairness firm and extra not too long ago holds govt and directorship roles with non-public firms and publicly listed issuers. He has consulted in industries together with mining, oil & fuel, fintech, VR, eSports, well being, life sciences and biotech. Along with Saga, Stier has acted for a number of public entities and at the moment sits on the board of Rektron Group Inc, LaFleur Minerals Inc, GoldHaven Assets Corp.

Terence Lee – Chief Monetary Officer

Terence Lee is a CPA with over 9 years of finance expertise in reporting underneath Worldwide Monetary Reporting Requirements. Lee has labored in monetary planning, evaluation and reporting for firms throughout numerous industries together with mining, expertise, actual property, life sciences, training and personal healthcare. Lee graduated with a BA from Simon Fraser College, a Diploma of Accounting from UBC’s Sauder Faculty of Enterprise and articled with BDO LLP. Lee is CFO of assorted non-public and publicly listed firms.

Michael Garagan – Chief Geological Officer

With a Bachelor of Science in Geology, Michael Garagan has 15 years of expertise within the exploration trade with initiatives the world over together with Africa, Asia, North and South America. He encountered a various expertise of deposit kinds from gold to base metals in porphyry, orogenic, epithermal and VMS deposits to uranium and lithium pegmatites. Notable initiatives embody B2 Gold’s Otjikoto venture in Namibia, Night time Hawk’s Colomac venture in NWT, Unigold’s Neita venture within the Dominican Republic, in addition to Hudbay’s Lalor Mine in Snowlake, Manitoba.

Michael Waldkirch – Unbiased Director

Michael Waldkirch is a CPA and CGA with over 25 years {of professional} expertise. Since 1998, he has led the accounting agency of Michael Waldkirch & Firm, specializing in accounting, tax and enterprise consultancy companies to all kinds of private and non-private firms. He has represented all kinds of public firms together with mining, oil and fuel and expertise firms listed on the TSX, TSXV, NYSE-American, NASDAQ and OTC-BB. He has served as CFO of quite a few Canadian and US publicly listed firms, together with Gold Normal Ventures and Barksdale Assets and is at the moment an unbiased board member of US Gold Corp. (NASDAQ:USAU).