VANCOUVER, British Columbia — January 13, 2026 — Leads & Copy —
SAGA Metals Corp. (TSXV: SAGA, OTCQB: SAGMF, FSE: 20H) has mobilized its exploration team, drilling crews, and equipment to continue its diamond drill program at the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in southeastern Labrador, Canada, the company said in a statement. The goal of the program is to estimate the mineral resource at the site, which the company fully owns.
Personnel are expected to arrive in Cartwright, Labrador, on January 16, with drilling to commence soon after.
Assay results from the first two of eight diamond drill holes in the Trapper Zone (2025) showed full-hole assays from the surface:
R-0008: 269.36 m @ 36.21% Fe₂O₃, 6.57% TiO₂, 0.244% V₂O₅
R-0009: 296.47 m @ 39.75% Fe₂O₃, 7.46% TiO₂, 0.25% V₂O₅
According to the company, 46.2% of samples exceeded 7% TiO₂, and 23.2% exceeded 10% TiO₂, with most samples taken at 2-meter intervals. Regarding V₂O₅ strength, 57.7% of samples were greater than 0.2%, and 30.6% exceeded 0.3%, again with the majority being 2-meter samples.
The highest TiO₂ recorded to date was 13.30% in a 2-meter assay (core 1800528), with exceptional intercepts including 87.20 m @ 50.67% Fe₂O₃ + 10.15% TiO₂ + 0.339% V₂O₅.
SAGA Metals reported that the Trapper North metrics represent a step-change compared to Hawkeye, with improvements of up to Fe₂O₃ +124%, TiO₂ +105.9%, and V₂O₅ +36.9%.
The company said that the additional drill hole assays are expected to be released next week.
The 2026 Radar Project drill program will initially focus on the southern section of the Trapper Zone, also known as “Trapper South.” SAGA’s geological team and Gladiator’s drill crews will use the trail network created in the summer of 2025, which will allow for snowmobile and excavator access to move the drill. Drilling will start at the southeastern end of Trapper South, targeting approximately 30 holes (7,500 m). The program will then move hole by hole back toward Trapper North, with the goal of completing the MRE drill campaign by spring.
SAGA will concentrate January drilling on the southeastern-most portion of the Trapper South anomalies. Drill holes will be spaced 100 meters apart along 38° azimuth section lines and drilled at a 45° dip. Planned hole depths will average a minimum of ~150 meters of vertical depth coverage to support confidence in the mineral resource model.
Observations from the 2025 Phase 1 program and initial assay results will inform robust geochemical correlations and structural tracking across all incoming core, based on a review of the first eight drill holes. The company said that special attention will be paid to structural measurements and oriented core measurements to continue modeling the ore body in three dimensions.
Drilling commencing in January 2026 will build on the drilling completed in Trapper South in December 2025. All four drill holes (R-0012, R-0013, R-0014, and R-0015) completed on cross-section S-11 in Trapper South intersected oxide layering.
The company reported the following cumulative results on cross-section S-11:
R-0012 – intersected the eastern side of the main oxide layering with a cumulative 59.88 m of rhythmic oxide layering and 13.67 m of intercumulus oxides.
R-0013 intersected a cumulative 174.87 m of oxide comprised of 135.87 m of rhythmic oxide layering and 39 m of intercumulus oxides.
R-0014: cumulated intersections of 69.54 meters of oxide layering.
R-0015: cumulated intersections of 146 meters of tightly banded rhythmic oxide layering sequences.
Analysis of the initial cross-section (S-11) of Trapper South suggests that the two anomalies (East and West) were initially connected but have since been separated by a combination of folding, faulting, and a left-lateral strike-slip reverse fault.
According to the company, drilling on Section S-11 has defined structural geometry, enabling more efficient future drilling. Hole R-0014 confirmed multiple instances of the reverse faults in the core. The first-pass cross-section (Section S-11) across the width of the anomalies has defined two linear trends and discrete sets of oxide layering sequences:
Western anomaly: Striking 1.4 km with a width of approximately 150 m.
Eastern anomaly: Striking 700 m with a width of approximately 150 m.
“We are incredibly eager to remobilize our crew back to the Radar Ti-V-Fe Project in Labrador as we kick off the 2026 phase of our maiden Mineral Resource Estimate drill program at the Trapper Zone,” said Michael Garagan, CGO & Director of SAGA Metals. “Building on the outstanding success of the 2025 drilling—highlighted by exceptional intercepts such as 269.36 m @ 6.57% TiO₂ and 296.47 m @ 7.46% TiO₂ in Trapper North, along with numerous high-grade samples exceeding 10% TiO₂ and strong vanadium values—this return to the field represents a pivotal moment.”
Garagan added, “The recent assays confirm the district-scale potential of this large layered mafic intrusion, with oxide layering validated over significant strike lengths and structural insights from Trapper South enhancing our targeting efficiency. We are ready to advance in Trapper South, complete the planned ~7,500 meters of drilling, and move to Trapper North in an effort to deliver the data needed for our first resource estimate, positioning Radar as a strategic North American source of critical titanium, vanadium, and iron for defense, aerospace, and clean energy applications.”
The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex (~160 km²). According to SAGA Metals, geological mapping, geophysics, and trenching have confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.
The company believes that the vanadiferous titanomagnetite (“VTM”) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.
In a corporate update, SAGA Metals announced it has entered into a debt settlement agreement with an arm’s length creditor to settle outstanding indebtedness of $178,750 through the issuance of 275,000 common shares at a deemed price of $0.65 per Share. The debt accrued from the purchase of two vehicles used for exploration on the Company’s properties.
The Debt Settlement remains subject to TSX Venture Exchange approval, and the Shares will be subject to a hold period of four months and one day from issuance.
Paul J. McGuigan, P. Geo., an Independent Qualified Person as defined under National Instrument 43-101, reviewed and approved the technical information disclosed in the release.
Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Core samples were prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. The Company utilizes a rigorous, industry-standard QA/QC program.
SAGA Metals Corp. is focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The 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 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.
SAGA also owns the Double Mer Uranium Project and the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region.
Mike Stier is the Chief Executive Officer of SAGA Metals Corp.
Contact:
Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
Source: SAGA Metals Corp.
