NEW DFARS procurement rules take effect in 2027ⁱ

The Pentagon Has Less Than 250 Days to Break China’s Rare Earth Dominance

Saga Metals Corp. (OTCQB: SAGMF, TSX-V: SAGA) just announced an acquisition in one of North America’s most prospective heavy rare earth regions - home to several of the world’s largest discoveries.

Beginning January 1, 2027, new U.S. defense procurement rules under the DFARS Act will prohibit Chinese-origin rare earth materials from use in American defense systems.ⁱⁱ

That leaves less than 250 days before one of the largest forced supply chain shifts in modern industrial history.

Defense. Artificial intelligence. Robotics. Energy infrastructure.

Nearly every major growth sector now faces the same problem. The West still cannot reliably source the rare earth elements it depends on.

Military technologies are especially exposed. Drone fleets, fifth-generation aircraft, hypersonic systems, naval platforms, missile guidance systems, and advanced radar technologies all rely on rare earth magnets at their core.

The F-35 requires over 900 pounds of rare earths, a Virginia-class submarine needs 9,200 pounds – and with U.S. defense spending topping $1.5 trillion annually, military use by itself is multiplying demand.ⁱⁱⁱ^,v

But defense is no longer the primary driver.

AI infrastructure, industrial robotics, and energy systems are now competing for the same materials, helping drive projections for the NdFeB magnet market to nearly triple by 2030 to a whopping $59 billion.^v

Microsoft, Google, Amazon, and Meta are spending hundreds of billions to build AI infrastructure — while Nvidia CEO Jensen Huang reportedly traveled to Beijing personally to help secure the rare earth supply needed to support it.^vi

That’s clear evidence of a larger problem; a reminder of how deeply the West still depends on China’s rare earth supply chain.

Despite years of warnings, China continues to control approximately 90–95% of global rare earth processing capacity.^vii And Beijing has already shown it is willing to weaponize that dominance.

The Western Supply Chain Reset Now Underway

In April 2025, China placed export restrictions on seven heavy rare earth elements amid escalating trade tensions, sending shockwaves through global defense and technology supply chains.^viii

The White House reacted swiftly – deploying billions of dollars in strategic partnerships and rolling out new policies to help reduce dependence.

MP Materials, the only active rare earth mine in the United States, received Pentagon backing to expand heavy rare earth processing and domestic magnet manufacturing capacity. In 2025, the Department of Defense invested $400 million into the company, becoming its largest shareholder.^ix

In early 2026, the Trump administration announced a $1.6 billion debt-and-equity investment package into USA Rare Earth, taking a direct ownership stake in the company.^x

But DFARS may prove to be the most consequential initiative yet – with stringent rules that require Department of Defense contractors and suppliers to secure alternative sources of supply immediately.

That shift places exploration-stage companies like Saga Metals Corp. (OTCQB: SAGMF, TSX-V: SAGA) in an increasingly relevant position.

Exposure to Six Critical Minerals Across North America

Saga Metals is building a diversified North American portfolio of critical mineral assets.

The company now controls five 100%-owned projects across Labrador and Quebec, regions increasingly viewed as strategically important for resource independence.

Its projects span rare earth elements, titanium, vanadium, uranium, lithium, and iron ore – materials tied directly to defense, AI infrastructure, and industrial reshoring.

Saga had already attracted Rio Tinto as a strategic partner on its Legacy Lithium project in Quebec’s James Bay region, one of the most active critical mineral districts in North America.

And the Radar Titanium-Vanadium Project is advancing toward a formal mineral resource estimate, offering exposure to the defense and aerospace metal supply chain.

But now the company has made what may be its most strategic move yet, expanding its footprint into a prolific North American rare earth geological belt.

Targeting the ‘Rarest’ Rare Earths

Not all rare earths are created equal. The most valuable deposits aren’t simply the largest, they’re the ones enriched with heavy rare earth elements like dysprosium and terbium.

These are the materials most critical to modern defense systems, advanced robotics, EV drivetrains, and high-performance permanent magnets.

They’re also the elements China controls most tightly.

Heavy rare earth deposits are exceptionally difficult to find at scale. Most large deposits remain dominated by lighter elements, while the projects containing meaningful dysprosium and terbium concentrations are often much smaller.^xi

That’s what makes Saga Metals’ Wolverine Project so compelling.

Current estimates suggest the Wolverine project contains approximately 28–29% heavy rare earth oxides. That’s among the strongest heavy rare earth profiles in North America.

The project sits within one of the world’s most important rare earth geological belts — a massive, mineralized corridor stretching across Labrador and Greenland that hosts several significant discoveries.

Strange Lake in Quebec and Labrador, containing roughly 493 million tonnes^xii
Greenland’s Kvanefjeld deposit, approaching 1 billion tonnes^xiii
Tanbreez in Greenland, one of the largest heavy rare earth-enriched systems globally^xiv

Since 2022, operators have compiled an extensive geological dataset across the property, including surface sampling, geophysics, and more than 160 kilometres of LiDAR coverage.

The 2025 RC drill program confirmed widespread rare earth mineralization across 19 of 25 holes drilled, with mineralization frequently extending from surface to end-of-hole. Yet only a small portion of the system has been tested.

The mineralized formation now stretches across roughly 26²km, significantly larger than Tanbreez’s 12.5 km² formation and Strange Lake’s 1 km² formation

Wolverine is still early-stage, but with reshoring heavy rare earth supply now a matter of national security, the project is gaining attention quickly.

Another Defense Supply Chain Under Pressure

When it comes to defense and aerospace, titanium may be the only strategic metal rivaling rare earths in importance. While rare earths power the electronics behind defense systems, titanium forms much of the physical backbone.

An F-15 fighter jet is up to 28% titanium by weight, while every commercial and military aircraft manufactured by Boeing and Airbus depends on it extensively.^xv

Submarines, missile platforms, satellites, drones, and advanced industrial equipment all rely heavily on titanium for its unique combination of strength, heat resistance, and low weight.

Like with rare earths, demand is accelerating rapidly. The global titanium market was valued at $28 billion in 2023 and is projected to grow to $57 billion by 2033 as military spending soars.^xvi And similarly to rare earths, the supply chain behind it remains deeply exposed.

The United States currently imports more than 95% of its titanium sponge supply, with China and Russia dominating large portions of the global market.^xvii That concentration has created growing concerns.

Project Blue, one of the mining industry’s leading intelligence firms, warned that the West may be heading toward a titanium supply crunch as geopolitical tensions reshape global trade.^xviii

That growing supply imbalance is bringing renewed attention to North American titanium projects like Saga’s Radar Titanium-Vanadium Project.

Radar’s Clear Path Toward Resource Definition

The Radar Project spans 24,175 hectares in Labrador, giving the company one of the larger titanium land positions in North America.

But what makes Radar especially unique is the infrastructure already surrounding it.

Road access, nearby hydroelectric power, a deep-water port, and a regional airport all sit within roughly 10 km of the property, lowering many of the logistical and capital hurdles for exploration and development.

Ongoing exploration continues expanding the project’s scale. Over 13,000 meters of drilling across 57 holes has been completed to date, with every single drill hole intersecting oxide mineralization.

Saga has now confirmed a significant continuous magnetic anomaly stretching approximately 29 square kilometers across encompassing the Trapper, Hawkeye and Falcon Zones, reinforcing the potential for a much larger titanium-vanadium system than previously understood.

A single drill hole returned 296 metres of continuous titanium-vanadium mineralization – nearly the height of the Eiffel Tower.

The project is now advancing toward its next major milestone. Saga is nearing completion of a 20,000+-metre drill program supporting a formal maiden mineral resource estimate over the Trapper Zone. This is a development that could significantly reshape the project value as it moves towards a maiden mineral resource estimate in the second half of 2026.

The expanding scale of Radar is also drawing comparisons to China’s Panzhihua deposit, the world’s largest VTM deposit and central to China’s titanium supply chain. Panzhihua is also the leading producer of vanadium, contributing over 40% of global supply.

Both projects display several similar geological features, including layered mafic intrusive rocks, broad continuous magnetic anomalies, and thick layers of oxide mineralization. Radar remains early-stage, but the comparison underscores the type of district-scale system geologists believe may be developing across the property.

The market has already started assigning meaningful value to emerging titanium projects.

Empire Metals, which is advancing a large titanium discovery in Australia, has reached a market capitalization around US$250 million despite remaining in the exploration and development stage.^xix

Largo Inc., one of the world’s better-known vanadium producers with titanium exposure, currently carries a market capitalization of roughly US$100 million.^xx

Beyond Rare Earths and Titanium

Saga controls three further projects tied to several of the West’s most important long-term supply chain themes – including lithium, uranium, and industrial metals like iron.

Legacy Lithium Project

The Legacy Lithium Project covers more than 65,000 hectares in the heart of Quebec’s rapidly expanding James Bay lithium district.

The project is located along strike from major discoveries held by Li-FT Power, SOQUEM, and Loyal Metals.

Double Mer Uranium Project

The Double Mer Project covers 25,600 hectares and sits close to major uranium discoveries held by Paladin Energy and Atha Energy.

Recent exploration suggests Double Mer could host a large-scale uranium system. Saga has mapped an 18-kilometer uranium trend with three key targets. Surface samples returned grades up to 0.428%, along with strong radiometric readings reaching 27,000 cps.

On top of the significant historical data on the Project, Saga’s field teams have confirmed a robust mineralized system with multiple styles of uranium enrichment, and petrographic analysis points to strong geological consistency across the project.

Double Mer is now fully permitted and drill-ready, supported by Saga’s upgraded, year-round 10-person winterized camp, refurbished in 2025.

With demand for uranium rising in step with AI-driven power consumption and renewed nuclear adoption across the West, Saga’s presence in this space provides additional upside.

8 Reasons to Add Saga Metals (OTCQB: SAGMF, TSX-V: SAGA) To Your Watchlist

The DFARS Deadline Is Approaching
New U.S. defense rules taking effect in January 2027 are forcing suppliers to secure non-Chinese rare earth sources immediately.
Heavy Rare Earth Acquisition In A Proven District
Wolverine sits within the same Labrador-Greenland peralkaline belt that hosts Strange Lake, Kvanefjeld, and Tanbreez. Dysprosium and terbium, the rare earths defense contractors need the greatest concentration of, appear present at large scale. At 28-29% heavy rare earth by mass, Wolverine ranks among the stronger profiles.
Panzhihua-Scale Potential
Saga’s Radar Project shares striking geological similarities with China’s Panzhihua, the world’s largest VTM deposit. The company has already drilled thick, high-grade intercepts across just a fraction of its 29 square kilometer oxide layering corridor.
Near-Term Catalysts
A large-scale drill program is underway at the Trapper Zone as Saga advances toward a maiden Mineral Resource Estimate targeted for the second half of 2026. To date, 57 holes have been drilled across the Radar project, confirming oxide mineralization in every hole.
Fully Road-Accessible and Cost-Efficient
Unlike many remote exploration projects, Radar is road-accessible, power-adjacent, and located just 10 km from the town of Cartwright’s deepwater port. Drilling costs are projected at just $300–$350 per meter, one of the lowest in the sector.
Globally Recognized Geological Belt
Radar sits within the Grenville Geological Province, home to world-class titanium deposits like Rio Tinto’s Lac Tio. The same rock types, same structural settings – and still largely underexplored in Labrador.
Optionality in a Nuclear World
Saga’s Double Mer uranium project gives it exposure to the rapidly accelerating nuclear energy narrative, as governments look to power AI-era data infrastructure and decarbonize grids.
Titanium’s Moment Has Arrived
With titanium demand rising across aerospace, drone warfare, and military supply chains—and the U.S. 91% reliant on foreign supply, making Saga’s Radar Project timely and strategic.

The supply chain deficits for rare earths and titanium are accelerating.

Western governments are writing checks. Defense contractors are issuing warnings. The race to secure domestic supply in tier-one North American jurisdictions is underway right now.

Saga Metals (OTCQB: SAGMF, TSX-V: SAGA) has positioned itself at the center of that race, with a new heavy rare earth project in one of the world’s most proven rare earth districts, a flagship titanium-vanadium project advancing toward a formal mineral resource estimate, and a portfolio of supporting assets that spans the full spectrum of critical mineral priorities.

ⁱ https://www.acquisition.gov/dfars/252.225-7052-restriction-acquisition-certain-magnets-tantalum-and-tungsten.
ⁱⁱ https://www.acquisition.gov/dfars/252.225-7052-restriction-acquisition-certain-magnets-tantalum-and-tungsten.
ⁱⁱⁱ https://www.war.gov/News/News-Stories/Article/Article/3700059/dod-looks-to-establish-mine-to-magnet-supply-chain-for-rare-earth-materials/
^iv https://www.war.gov/News/News-Stories/Article/Article/4465551/15-trillion-budget-request-prioritizes-service-members-modernization/
^v https://www.precedenceresearch.com/ndfeb-permanent-magnets-market
^vi https://www.bbc.com/news/articles/c5yx757w048o
^vii https://www.csis.org/analysis/chinas-new-rare-earth-and-magnet-restrictions-threaten-us-defense-supply-chains
^viii https://www.reuters.com/world/china-hits-back-us-tariffs-with-rare-earth-export-controls-2025-04-04/
^ix https://www.cnbc.com/2025/07/10/pentagon-to-become-largest-shareholder-in-rare-earth-magnet-maker-mp-materials.html
^x https://www.reuters.com/business/autos-transportation/trump-administrations-investment-push-rare-earth-companies-chipmakers-2026-05-21/
^xi https://www.sciencedirect.com/science/article/pii/S0016703722006664
^xii https://www.gov.nl.ca/eccc/projects/project-2272/
^xiii https://discoveryalert.com.au/arctic-resource-dynamics-critical-mineral-security-2026/
^xiv https://tanbreez.com/critical-metals-corp-to-acquire-tanbreez-one-of-the-worlds-largest-known-rare-earths-assets/
^xv https://goallclear.com/f15-the-building-of-a-modern-fighter-jet/
^xvi https://www.news.market.us/titanium-market-news/
^xvii https://www.mordorintelligence.com/industry-reports/titanium-market
^xviii https://projectblue.com
^xix https://finance.yahoo.com/quote/EEE.L/
^xx https://finance.yahoo.com/quote/LGO/

IMPORTANT NOTICE AND DISCLAIMER

This article is a paid advertisement. Think Ink Marketing and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by profiled companies or third parties to organize marketing campaigns, which include the creation and dissemination of these types of communications. In this case, in an effort to enhance public awareness of for SAGA Metals Corp. (“SAGA”) and its securities, SAGA has provided the Publisher with a budget of approximately $632,325 USD to cover the costs associated with the creation and distribution of this communication. The Publisher may retain any excess sums after expenses as its compensation. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on interviews with company management, and does not (to the Publisher’s knowledge, as confirmed by SAGA) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

SHARE OWNERSHIP.

The Publisher does not own any shares of SAGA and has no information concerning share ownership by others of in SAGA. The Publisher cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.

FORWARD LOOKING STATEMENTS.

This publication contains forward-looking statements, including statements regarding expected continual SAGAwth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to SAGA’s industry; (b) market opportunity; (c) SAGA’s business plans and strategies; (d) services that SAGA intends to offer; (e) SAGA’s milestone projections and targets; (f) SAGA’s expectations regarding receipt of approval for regulatory applications; (g) SAGA’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) SAGA’s expectations regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute SAGA’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) SAGA’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) SAGA’s ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) SAGA’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of SAGA to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) SAGA operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact SAGA’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing SAGA’s business operations (e) SAGA may be unable to implement its SAGAwth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

INDEMNIFICATION/RELEASE OF LIABILITY.

By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

INTELLECTUAL PROPERTY.

Think Ink Marketing is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.

IMPORTANT NOTICE AND DISCLAIMER

This website is owned and hosted by Tycona Media Ltd. Articles appearing on this website should be considered paid advertisements. Tycona Media Ltd. and its owners, managers, employees, and assigns (collectively “the Website Host”) is often paid by marketing companies to host websites on which articles profiling public companies are published. The Website Host has not been compensated by any of the profiled companies. The Website Host’s compensation for articles appearing on this website is as follows:

The Website Host has been paid approximately $500 per month while the advertisement campaign is active by Think Ink Marketing as compensation to host the article profiling SAGA Metals Corp. (“SAGA”).

SHARE OWNERSHIP

The Website Host does not own any shares of any profiled compannies and has no information concerning share ownership by others of any profiled companies. The Website Host cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.

NO SECURITIES OFFERED

The articles on this website are not, and should not be construed to be, offers to sell or solicitations of an offer to buy any security. Neither the articles on this website nor the Website Host purport to provide a complete analysis of SAGA or its financial position. The Website Host is not, and does not purport to be, a broker-dealer or registered investment adviser. The articles on this website are not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about SAGA Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in SAGA’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading articles on this website, you acknowledge that you have read and understood this disclaimer, and further that to the greatest extent permitted under law, you release the Website Host, its affiliates, assigns and successors from any and all liability, damages, and injury from articles appearing on this website. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

LINKS TO THIRD PARTY WEBSITES

This website enables users to link to external websites not under the control of The Website Host. The Website Host has no control over the nature, content, and availability of those sites. The inclusion of any links is not intended as, and should not be construed as, a recommendation or endorsement of the content or views expressed on such external websites. The Website Host expressly disclaims any representation concerning the quality, safety, suitability, or reliability of any external websites and the content and materials contained in them. It is important for users to take necessary precautions, especially to ensure appropriate safety.

INTELLECTUAL PROPERTY

The Tomorrow Investor is the Website Host’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Website Host is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Website Host to any rights in any third-party trademarks.

FORWARD LOOKING INFORMATION

This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding SAGA’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to SAGA’s industry; (b) market opportunity; (c) SAGA’s business plans and strategies; (d) services that SAGA intends to offer; (e) SAGA’s milestone projections and targets; (f) SAGA’s expectations regarding receipt of approval for regulatory applications; (g) SAGA’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) SAGA’s expectations regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute SAGA’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) SAGA’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) SAGA’s ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) SAGA’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of SAGA to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) SAGA’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact SAGA’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing SAGA’s business operations (e) SAGA may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

HISTORICAL INFORMATION

Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of SAGA or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of SAGA or such entities and are not necessarily indicative of future performance of SAGA or such entities.