SAGMF: Positioned for North America's Domestic Minerals Push
- Checkers
- Jun 24
- 3 min read
While North America scrambles to secure domestic sources of critical minerals, SAGA Metals Corp. (TSXV: $SAGA) (OTCQB: $SAGMF) has assembled a portfolio that could address exactly what policymakers are looking for. With operations across Labrador and Quebec, the company targets the backbone materials powering aerospace, infrastructure, steelmaking, batteries, and energy systems: titanium, vanadium, iron, uranium, and lithium. What sets SAGMF apart is the timing of its early-stage success combined with exceptional infrastructure access at a $7.5M market cap.

At the heart of SAGMF's portfolio lies Radar, a 24,175-hectare property in southeastern Labrador containing an untouched 20-kilometer geological structure. The Dykes River intrusion had long been considered a strong target based on regional geophysics, though no one had tested it systematically until SAGMF drilled in 2025. The results were striking: thick zones of titanium, vanadium, and iron mineralization in every single hole, with some intervals extending over 50 meters of continuous ore-grade material. Consistency across all seven drill cores validated the company's geologic model, yet drilling to-date has tested just 1/40 of the identified zone.

What transforms this discovery from promising geology into a potential development scenario is location. Radar sits only 10 kilometers from Cartwright, a coastal town with direct road access, hydroelectric power, an airstrip, and a deepwater Atlantic port. In mining, that infrastructure access is exceptionally rare, especially in Labrador, and could dramatically reduce development costs and timelines.
Beyond Radar, SAGMF maintains exposure across multiple critical mineral sectors. In central Labrador, the company is testing 25,600 hectares for uranium potential, with surface samples returning grades above 0.4% U₃O₈. Meanwhile, in Quebec, the company controls over 65,000 hectares of lithium property under joint venture with Rio Tinto, one of the largest miners in the world, which can earn 75% by spending CAD 44M on exploration.

SAGMF operates with just over 26 million shares outstanding and no debt, providing financial flexibility as projects advance. Recent team additions include geologist Vernon Shein with four decades of project development experience and Paul McGuigan, whose 50 years of Fe-Ti-V deposit expertise directly applies to the Radar discovery.
With a $7.5M market cap, SAGMF trades well below comparable critical mineral companies despite holding multiple projects in a political climate increasingly focused on domestic supply chains. Early drilling at Radar yielded strong results, yet most of the 20-kilometer structure remains untested, leaving significant ground open for further discovery. Combined with Rio Tinto's $44M commitment to the lithium assets and a uranium project aligned with rising energy security priorities, SAGMF has built a diversified critical minerals portfolio positioned to benefit as North America's supply chain concerns intensify.
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