SAGA Metals (TSX-V:SAGA) has completed a warrant acceleration program of outstanding share purchase warrants, raising C$3.44 million ($3.53 million).
Around 6.63 million warrants and 163,146 finder’s warrants were issued in connection with the May 2025 financing. The company also issued 555,750 finder’s warrants in connection to the October 2025 financing.
CEO Mike Stier says the influx of cash builds directly on a C$9 million capital raise conducted in Q4 2025.
“With additional cash secured and drilling well underway to start 2026 we continue to execute our strategy and deliver significant and sustainable value,” Stier says.
As previously reported, SAGA Metals is building the dataset for a maiden resource of the Trapper Zone, located within the Radar Titanium-Vanadium-Iron Project in Canada, with 10 holes completed totalling 2,000m of drilling.
Drilling is continuing to progress with the eleventh hole nearing completion.
The Radar Project spans 24,175 hectares and hosts the entire Dykes River intrusive complex.
SAGA Metals is a North American explorer and developer focused primarily on critical minerals that support the transition to supply security.
The company will be attending this year’s Prospectors & Developers Association of Canada (PDAC) held from 1-4 March 2026 in Toronto, Canada. Mining.com.au is a media partner for the convention and will be on the floor.
Write to Aaliyah Rogan at Mining.com.au
Images: SAGA Metals
