Saga Metals Corp. (TSXV: SAGA, OTCQB: SAGMF, FSE: 20H) has announced that Alphabridge Group Inc., a leading independent corporate finance advisory and research firm, has initiated and followed up on equity analyst coverage with an outperform rating. This development underscores the company’s growing prominence in the critical minerals sector, particularly its flagship Radar Ti-V-Fe Project in Labrador, Canada.
The Radar Property spans 24,175 hectares and encompasses the Dykes River Intrusive Complex, a significant geological feature with substantial potential for titanium, vanadium, and iron deposits. The property’s strategic location near Cartwright, Labrador, offers robust infrastructure, including road access, a deep-water port, and proximity to hydroelectric power sources.
Alphabridge Group’s Analyst Coverage
Alphabridge Group, based in Vancouver, Canada, specializes in providing strategic financial leadership for small and mid-cap companies. Their equity research arm focuses on companies at pivotal stages of development with significant growth potential. The firm’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers.
The follow-on research report, dated July 27, 2026, titled “Saga Metals Corp. (TSXV: SAGA, OTCQB: SAGMF) – Radar Drilling Accelerates, Wolverine REE Acquisition Closes,” highlights the significant advancements in the Radar project towards its Maiden Mineral Resource Estimate. The report also discusses the upcoming diamond drill program on the Wolverine Heavy REE project.
The initiation research report, dated September 8, 2026, titled “Saga Metals Corp. (TSXV: SAGA, OTCQB: SAGMF) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,” underscores the company’s potential to deliver value through its titanium-vanadium project.
The Radar Critical Mineral Property
The Radar Property comprises 690 mineral claims across 9 mineral licenses, totaling approximately 24,175 hectares in southeastern Labrador, located approximately 10 km south of Cartwright. The property entirely encloses the Dykes River Intrusive Complex (~160 km² at the surface) and is accessible year-round via paved Route 510, a Cartwright logging road, and a SAGA-constructed access trail.
Infrastructure advantages include the deep-water port at Cartwright, the Cartwright Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls. Diamond drilling, geophysics, trenching, and geological mapping have confirmed a 29 km² oxide corridor encompassing the Trapper, Falcon, and Hawkeye Zones. VTM mineralization at Radar is comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa).
Key Project Highlights
Completed seventy-one (71) holes (R-0008 to R-0078) from Q4 2026 to date in 2026, with significant oxide intercepts including in R0061 of 396.6 m (true thickness of 340.0) of semi-massive oxide with extensive rhythmic oxide layering. Confirmed mineralization in 78 out of 78 drill holes completed and observed in two primary zones to date. Top 15 intercepts from the MRE Drill Program to date can be found in Table 1 below.
Infrastructure including road access, deep-water port, nearby hydro-electric power, and regional airport. Confirmed a 29.0 km² central oxide corridor that encompasses the Trapper, Falcon, and Hawkeye Zones, demonstrating district-scale potential. Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 72.33% Fe₂O₃, 13.3% TiO₂, and 0.66% V₂O₅. Excellent core recovery remains above 95% and representative sampling support ongoing metallurgical test work and the advancement of the maiden Mineral Resource Estimate.
The Wolverine REE Project
The Wolverine REE Project now comprises nine (9) contiguous mineral licenses totaling approximately 294.5 km², situated approximately 50 km west of Hopedale and 12 km inland from the Labrador coast. The project is accessible by fixed-wing aircraft to the Hopedale gravel airstrip, followed by helicopter to site. Infrastructure advantages include commercial air services, ferry services, and road access in the towns of Natuashish and Hopedale, with communities that have established agreements with the nearby Vale Voisey’s Bay mine.
The Wolverine REE project lies within the peralkaline Flower Lake Igneous Suite, an intrusive-volcanic complex that is part of the 1.28- to 1.13-billion-year-old Gardar rifting province. The project, which includes a contiguous 29,450 hectares, has district-scale potential, HREE enrichment, near-surface mineralization, and Tier-1 jurisdiction positions it as a potentially significant strategic REE asset.
2026 reverse circulation (“RC”) drilling confirmed broad, near-surface REE mineralization across a 1.7 km × 1.2 km area hosted within a significant peralkaline caldera system. 537 samples from the 2026 program returned consistent mineralization, supporting strong continuity across the drilled footprint. Key intercepts include: WOLRC25-003: 48.8 m @ 0.77% total rare earth oxides (“TREO*”) from 1.5 m, including 18.3 m @ 1.06% TREO; WOLRC25-006: 38.1 m @ 0.71% TREO from surface, including 4.6 m @ 1.53% TREO; WOLRC25-002: 51.8 m @ 0.52% TREO from surface, including 33.5 m @ 0.67% TREO.
Peak drill program assays reached 2.03% TREO (WOLRC-006-25 – Sample 2355079 from 1.5-3 m), with an average heavy rare earth oxides (“HREO”) contribution of approximately 24-28%, highlighting strong heavy rare earth enrichment. Large-scale potential is supported by 26 km² of exposed mineralized tuff at surface, with depths of only 25-50 m, and less than 10% of the prospective unit drilled to date. Mineralization remains open and under-explored, with >1% TREO enriched zones identified in the southwestern area of the Project, seven (7) REE-bearing peralkaline pegmatites have been identified.
Crews are currently transporting supplies and establishing the full suite of camp infrastructure required to support safe and efficient operations. The program will have four components that will be fully integrated: 1) detailed mapping of the previously identified mineralized zone to define the volcanic stratigraphy and alteration associated with heavy rare earth mineralization, 2) diamond drill along and down dip throughout the mineralized zone, 3) evaluation of other high-priority prospects, and 4) determination of mineralized rock properties, geochemistry, and metallurgical testing to advance the project toward a maiden NI 43-101 mineral resource estimate.
Dr. A. Miller, P. Geo., PEGNL, is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.
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, including 20,850 m of drilling in the Hawkeye and Trapper zones, has 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 km², including drill assays up to 2.03% TREO with approximately 28% HREO content, and sample assays up to 21.6% TREO.
