Why Critical Minerals Are Fueling the New Industrial Age?
Countries worldwide are cutting greenhouse gas emissions by shifting from fossil fuels to cleaner energy like renewables and nuclear. This global shift to low-carbon energy is reshaping supply chains from electric vehicles and battery storage to clean power grids and defense tech. Driving this transformation are a set of essential metals: lithium, uranium, vanadium, titanium, and iron.
According to the World Trade Organization, global trade in energy-related critical minerals surged from US$53 billion to US$378 billion over just two decades. Significantly, North American and European governments are investing billions to secure these minerals.
The U.S. and Canada classify them as strategic and have made domestic or allied sourcing a top priority. Canada’s Critical Minerals Strategy includes a C$1.5 billion Infrastructure Fund to build the transport and energy systems needed for mining expansion.
The U.S. Inflation Reduction Act mandates that EV batteries must consist of 40% domestically- or ally-sourced critical minerals in 2023, rising to 80% by 2027. These policies underscore how strategic and urgent securing mineral supply chains has become.
Global Trends Driving Demand:
- Lithium: EV batteries, grid-scale storage; prices rising with supply gaps
- Uranium: Clean, reliable nuclear energy; resurgence in global reactor builds
- Vanadium: Essential for steel, military armor, and redox flow batteries
- Titanium: High-performance aerospace and defense applications
- Iron Ore: Backbone of global construction and steel infrastructure
Canada is rich in mineral resources, with 34 minerals designated as “critical” by the government. In this mineral-dense landscape, Saga Metals Corp is focused on unlocking five essential minerals that will drive a greener, more sustainable future.
Saga Metals Corporation:
Canada’s Critical Mineral Frontier
(TSX.V: SAGA | OTCQB: SAGMF | FSE: 20H)
Saga Metals Corp. is focused on exploring critical minerals and currently owns 100% four properties in Canada. They are dedicated to discovering uranium, lithium, vanadium, titanium, and iron ore.
Operating in two of North America’s leading mining jurisdictions, Saga Metals actively explores and advances mineral assets critical to the green energy transition, national security, and economic resilience. The company focuses on acquiring and developing deposits that support the global move toward a cleaner, low-carbon future.
Unlock the four high-impact projects below:
Legacy & Amirault Lithium – James Bay, Quebec
Saga Metals is developing a major lithium footprint in Quebec’s fast-growing James Bay district. Its combined Legacy and Amirault Lithium Projects span 65,849 hectares in the mineral-rich La Grande sub-province, near key players like Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.
The Legacy Project benefits from a joint venture with Rio Tinto, which can earn up to 75% by investing C$44.4 million. This partnership adds strong technical and financial backing to Saga’s exploration efforts.
Saga also owns 100% of the Amirault Lithium Project, acquired from geologist Jody Dahrouge, who helped discover Patriot Battery Metals’ CV5 pegmatite.
Project highlights:
- 65,849 hectares across both projects
- Over 100 mapped pegmatite outcrops
- Surrounded by active lithium developers like Winsome, Patriot Battery Metals, and Rio Tinto
- Part of Quebec’s Plan du Nord infrastructure initiative
- Clean energy access via nearby LG-4 hydroelectric dam
In 2025, Saga plans to follow up on high-potential targets with focused exploration. Its strategic land position and strong partnerships give it a clear advantage in one of North America’s most active lithium regions.
With demand for battery metals surging, Saga Metals is advancing projects that could help power the future of electric vehicles and energy storage.
Double Mer Uranium – Labrador, Canada
Saga Metals’ flagship uranium project, Double Mer, is drill-ready. It spans 25,600 hectares over 1,024 claims in eastern-central Labrador, Canada. The site sits between Lake Melville and Double Mer, both inlets of the Labrador Sea. It’s located about 90 km northeast of Happy Valley-Goose Bay.
This large-scale project is comparable in potential to Paladin Energy’s Michelin deposit in Labrador’s Central Mineral Belt. This region is known for its uranium-rich geology. Its geological setting is significantly similar to uranium-rich regions in Kazakhstan and Namibia.
Saga has outlined an 18 km uranium-bearing trend with three key high-priority zones:
Luivik, Nanuk, and Katjuk. Each zone shows strong signs of uranium mineralization in pegmatites and enriched rock formations.
- In 2024, Saga confirmed strong uranium potential at Double Mer with U3O8 grades up to 0.428%, peak scintillometer readings of 27,000 CPS, and widespread uranium-rich pegmatites across all three zones.
- In 2025, Saga will launch a 1,500-meter maiden drill program focused on the Luivik Zone, which sits at the western end of the trend.
Thus, Double Mer is all ready to become a major uranium discovery as global demand for nuclear energy grows. Early results and solid exploration confirm its strong potential for economically viable uranium resources.
Radar Titanium-Vanadium – Labrador, Canada
Saga Metals’ Radar Project covers a large, mineralized mafic intrusion located in the Grenville Province of southeastern Labrador. The project sits over the entire Dyke River intrusion, a gabbro-norite to anorthosite body within the Hawke River Terrane (approx. 1.66 billion years old).
Key Geological Highlights:
- Large, layered mafic intrusion—fully intact with original magmatic textures.
- Dyke River intrusion spans 160 km², similar in size to Greenland’s Skargaard intrusion.
- Host to extensive vanadium-titanomagnetite mineralization.
- 100% owned by SAGA, covering 24,175 hectares.
Drilling at the Radar Project returned grades of up to 43% iron, 9.4% titanium dioxide, and 0.522% vanadium pentoxide. Titanomagnetite-rich layers average 20–40%, with some exceeding 60%. Drilling confirmed magnetic anomalies to 200 meters, but it covered only 1/40th of the 20 km oxide zone.
Radar is well-connected with road access, a nearby deep-water port, hydroelectric power, and an airstrip. The local community, including the Mayor of Cartwright, supports the project.
2025 Work Program
Saga plans detailed magnetic and EM surveys in the Trapper Zone to map targets along the 20 km mineralized trend. With 25m spacing and 50m lines, the survey will guide drilling west of the successful Hawkeye Zone.
With strong grades, simple metallurgy, and scale, Radar rivals Rio Tinto’s Lac Tio deposit in development potential.
North Wind Iron – Labrador, Canada
North Wind property spans 6,375 hectares across 255 claims, located 16 km southwest of Schefferville, Quebec. It sits within the Labrador Trough, a proven iron ore region producing 35 million tonnes of concentrate and pellets annually.
A 2013 NI 43-101 compliant estimate by New Millennium Iron supports the site’s potential. Eight drill holes averaged 20.74% Fe, with the LRGC unit—part of the Sokoman Formation’s Lower Iron Formation—returning 24.76% Fe across 277 meters in all holes.
2024 Field Results
SAGA’s 2024 fieldwork confirmed a 4 km mineralized trend with zones measuring 600–700 meters thick. Sampling focused on the Sokoman Formation’s three members:
- Upper: 4.88%–33.43% Fe₂O₃
- Middle: 47.44%–60.43% Fe₂O₃
- Lower: 13.31%–75.06% Fe₂O₃
The property contains both soft iron ores and magnetite-rich taconites, ideal for steel-grade feedstock. With strong grades, scale, and location, North Wind is a valuable addition to SAGA’s portfolio, alongside regional peers like KéMag and Perrault Lake.
Led by a Proven and Technical Team
Saga Metals is led by an experienced team with deep expertise in geology, exploration, corporate finance, and capital markets. At the helm is CEO Michael Stier, who brings over 15 years of experience in business development, IPOs, and strategic finance across mining and other sectors.
Chief Geoscience Officer Michael Garagan is a seasoned exploration geologist with global exposure to gold, uranium, lithium, and base metals, and has contributed to successful discoveries across North and South America, Africa, and Asia.
Harrison Pokrandt, Saga’s Vice President of Exploration, has worked on multiple high-grade discoveries, including B2Gold’s Fekola and Skeena’s Eskay Creek. He brings hands-on expertise from grassroots to development-stage projects. Terence Lee, CPA, serves as CFO and has a strong background in financial reporting under IFRS for both public and private mining companies.
Independent Director Michael Waldkirch, CPA, CGA, contributes over 25 years of financial leadership across the TSX, NASDAQ, and NYSE-listed companies, with prior roles at Gold Standard Ventures and Barksdale Resources. Collectively, this leadership team brings a powerful combination of technical excellence and disciplined corporate governance to drive Saga’s growth.
Strong Financials, Major Backing
Saga Metals maintains a market-friendly capital structure with 42.5 million shares outstanding and a fully diluted share count of 54.8 million. The company is well-positioned financially, having secured recent flow-through funding to support its 2025 exploration plans.
A major highlight is Saga’s strategic partnership with Rio Tinto, which includes a commitment of up to C$44.4 million in exploration expenditures on the Legacy Lithium Project, validating the project’s scale and potential.
With a listing on the OTCQB Venture Market, Saga has expanded its visibility among U.S. investors and improved trading liquidity. The company’s clean balance sheet and strong institutional alignment make it a standout junior explorer with significant upside exposure to critical minerals.
What’s Next for Saga Metals?
Saga Metals is entering a milestone year in 2025 with multiple exploration programs set to unlock value across its portfolio. At the Double Mer Uranium Project, the company will launch a 1,500-metre maiden drill program targeting the high-priority Luivik zone along an 18 km uranium trend. In Quebec, work will continue under the Rio Tinto Joint Venture at the Legacy Lithium Project, advancing from mapping to drill-ready targets in areas with more than 100 documented pegmatite outcrops.
In Labrador, the Radar Titanium-Vanadium Project will undergo detailed magnetic and EM surveys to refine targets along its 20 km oxide layering zone, followed by precision drilling. Meanwhile, the North Wind Iron Project remains ready for further testing to confirm its scale and high-grade potential within the Labrador Trough.
Alongside exploration, Saga is expanding its capital markets presence through OTCQB trading, investor outreach, and potential strategic partnerships. With strong assets, supportive jurisdictions, and growing demand for critical minerals, 2025 positions Saga Metals for discoveries that could deliver significant shareholder value.
