Critical Metals Discovery Sends Junior Miner Stock Surging
The race for critical metals is intensifying as countries and companies scramble to secure these essential resources, which are vital to a wide range of high-tech applications. When a mining company makes meaningful progress in discovering new sources, investors are quick to take notice—and that seems to be exactly what happened this morning.
Shares of SAGA Metals Corp. (TSX-Venture: SAGA) (OTCQB: SAGMF) are taking off on positive drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.
Early drilling results from the winter exploration program have revealed promising mineralization, confirming the presence of a valuable iron-titanium-vanadium mineral called vanadiferous titanomagnetite.
Lab tests from the first two drill holes show strong concentrations of these metals, including one section with 31.5 meters containing nearly 26% iron, over 5% titanium, and 0.28% vanadium, and another with 50 meters showing similar grades.
Some smaller, high-grade sections contained over 40% iron and up to 0.5% vanadium. These mineral-rich zones averaged 20–40% titanomagnetite, with some layers exceeding 60%.
The drilling, which reached depths of 200 meters, confirmed previous geophysical surveys and has so far explored only a small fraction—about 1/40th—of the potential 20-kilometer strike zone within the Dykes River intrusion.
"We are very encouraged by these initial drilling results," commented Michael Garagan, CGO & Director of SAGA Metals. "They validate our geological models and significantly expand our expectations for the entire Radar property. The Hawkeye Zone is just one of five primary targets currently identified; excitingly, this zone remains one of the smallest prospects. Our strategy moving forward will involve methodically advancing exploration and drilling at our highest-priority targets. The door is now open to roll out a standardized order of operations. We know these layers are anomalous based upon surface geochemistry. Exploration moving forward is 'magnetic survey - drill – repeat' as we begin to survey the entirety of the oxide layering zone and prepare to identify the most prospective targets for the next drill program.'
Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View more of this article on AllPennyStocks.com.
About AllPennyStocks.com Media, Inc.:
Founded in 1999, AllPennyStocks.com is one of North America's leading platforms for micro-cap insights.
Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders.
AllPennyStocks.com is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.
Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today.
Contact:
AllPennyStocks.com Media, Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Canada Standard
18 minutes ago
- Canada Standard
India is fifth largest economy, their presence at G7 meeting 'makes sense'
Ottawa [Canada], June 7 (ANI): Canadian Prime Minister Mark Carney on Friday (local time) said that G7 countries will hold discussions on important issues, including security and energy, in their upcoming summit, adding that India's presence at the intergovernmental political and economic forum is essential. Carney said that India being the fifth largest economy and the most populous country in the world must be at the seat. 'Let's put the two aspects in context- first is, we are in the role- Canada's in the role of the G7 chair and in those discussions as agreed with our G7 colleagues, include important discussions on energy, security, on digital future, critical minerals amongst others and partnerships actually in building infrastructure in the emerging and developing world,' he said. Carney said that India is central to a number of supply chains, which makes its presence pertinent at the G7 chair consultation. 'There are certain countries that should be at the table for those discussions, and in my capacity as G7 chair, I will consult with some others to make those determinations. India is the fifth largest economy in the world, effectively the most populous country in the world, central to a number of those supply chains at the heart of a number of those supply chains, so it makes sense,' he said. Carney said that India and Canada are acting on law enforcement, and Prime Minister Narendra Modi has accepted his invitation. 'In addition, bilaterally we have now agreed importantly to continued law enforcement to law enforcement dialogue so there's been some progress on that recognizes issues of accountability I extended the invitation to Prime Minister Modi for in in that context and he has accepted it,' he said. PM Modi on Friday confirmed he would attend the upcoming Group of Seven (G7) leaders summit in Canada after an invitation from newly elected Canadian Prime Minister Mark Carney. 'Glad to receive a call from Prime Minister Mark J Carney of Canada. Congratulated him on his recent election victory and thanked him for the invitation to the G7 Summit in Kananaskis later this month. As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by mutual respect and shared interests. Look forward to our meeting at the Summit,' he said in a post on X. The announcement comes after a period of severely strained relations between the two countries, triggered by Canadian allegations that Indian agents were involved in the June 2023 assassination of Hardeep Singh Nijjar--a Canadian citizen and prominent pro-Khalistan activist--outside a Sikh temple in Vancouver, as per DW News. India strongly denied the claims, and both nations expelled senior diplomats in a tit-for-tat escalation, DW News reported. (ANI)
an hour ago
Carney and Chinese premier agree to regularize communication between Canada and China
Headlines Latest News Podcasts (new window) Prime Minister Mark Carney at Parliament in Ottawa, June 5, 2025. Photo: La Presse canadienne / Sean Kilpatrick Posted: June 6, 2025 4:04 PM Leaders also committed to working together to address the fentanyl crisis, PMO readout says. Prime Minister Mark Carney and Chinese Premier Li Qiang have agreed to regularize channels of communication between the two countries. A readout from Carney's office also says the leaders committed to working together to address the fentanyl crisis. Canada and China have been involved in a trade dispute. China has imposed tariffs on Canadian canola oil and meal, peas and seafood in retaliation to Canadian levies on Chinese-made electric vehicles, steel and aluminum. In his conversation with Li, Carney raised the issue of trade affecting agriculture and agri-food products, including canola and seafood, as well as other issues. Carney said earlier this week that Ottawa is working urgently to remove Chinese tariffs on Canadian agriculture and seafood products. The Canadian Press Word of Nathaniel Veltman's appeal comes on 4th anniversary of attack on Afzaal family. 8 hours ago Courts and Crime Environment Canada says air quality in the city is 'very high risk' as of noon Friday. One Canadian Economy bill crafted to strengthen Canada's economy, sovereignty in face of Trump's tariffs. Bill C-2 gives power to pause, cancel and suspend immigration documents. Distribution sites have been plagued by deaths, reports of violence in last 2 weeks. 13 hours ago International
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Alberta resumes buying U.S. alcohol, months after pause meant to fight tariffs
EDMONTON – Alberta is buying American alcohol and gambling machines again, three months after Premier Danielle Smith announced restrictions aimed at fighting back against U.S. tariffs. Service Alberta Minister Dale Nally says the move signals a 'renewed commitment to open and fair trade' with the United States. Smith said in March that the province would no longer buy U.S. alcohol and video lottery terminals, or sign contracts with American companies. That came a day after U.S. President Donald Trump slapped heavy tariffs on Canadian goods and energy. Nally says the decision to resume buying U.S. alcohol and gambling machines 'sets the stage for more constructive negotiations' ahead of a renewal of the Canada-U.S.-Mexico trade agreement. The minister says Albertans are encouraged to continue supporting local producers, even as more U.S. options return to store shelves. Nally said in April that the province was pausing its policy around procurement from U.S. companies 'in the spirit of diplomacy.' Monday Mornings The latest local business news and a lookahead to the coming week. He said since the province's retaliatory measures were first announced in early March, the Trump administration had put a hold on further tariffs. This report by The Canadian Press was first published June 6, 2025.
