Vancouver, British Columbia–(Newsfile Corp. – May 8, 2026) – SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) (“SAGA” or the “Company”), a North American exploration company focused on critical mineral discoveries, is pleased to announce that, further to its news release dated April 16, 2026, it has received TSX Venture Exchange approval and closed on the title transfer agreement to acquire a 100% interest in three (3) contiguous mineral licenses comprising 54 mineral claims totalling approximately 1,350 hectares in Labrador (the “Property”). Wolverine REE Project Expansion Highlights: Seven (7) identified REE-bearing showings hosted in peralkaline pegmatites, documented through 39 surface grab samples.
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Brief Summary
SAGA Metals Corp. (TSXV: SAGA, OTCQB: SAGMF) has successfully completed a crucial title transfer agreement to enhance its Wolverine Rare Earth Element (REE) project in Labrador. This strategic acquisition, securing a 100% interest in three contiguous mineral licenses spanning approximately 1,350 hectares, is pivotal for expanding critical mineral resources.
- 54 mineral claims involved in the acquisition.
- Seven identified REE-bearing showings discovered.
- Confirmed through 39 surface grab samples.
Why it matters: This expansion not only strengthens SAGA’s portfolio but also positions the company favorably in the growing demand for rare earth elements essential for hi-tech applications.
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