SAGA Bounces from Low and Closes in the Green
Saga Metals (TSXV: SAGA) bounced strongly from today’s low of $0.64 per share to finish in the green at $0.68 per share, a new high since NIA’s suggestion! SAGA is the biggest discovery of our careers and nothing else comes close!
An article came out this weekend in the Wall Street Journal entitled, 'The Pentagon Needed Rare Earths—and Found a Supplier in Malaysia'. Click here to read!
The article discusses how the Pentagon has partnered with Australian mining firm Lynas Rare Earths to secure heavy rare earths from its plant in Kuantan, Malaysia, reducing reliance on Chinese supply chains. Lynas Rare Earths is now worth US$13.3 billion and doesn’t really have much upside.
Obviously, the Pentagon would much prefer sourcing its heavy REE supplies from Canada!
The only Canadian heavy REE project close to development is privately held Strange Lake, and the reason it is about to be developed is due to plans to build a ~170–180 km seasonal, single-lane access road connecting the Strange Lake Heavy Rare Earth Element Project in Northern Quebec to a new port on the Labrador coast near Voisey’s Bay.
Saga Metals (TSXV: SAGA)’s newly acquired Heavy REE Project is located on the Labrador coast near Voisey’s Bay! Investors can’t capitalize on Strange Lake, but SAGA is about to close on its acquisition of Wolverine!
Critical Metals (CRML) gained by 25.54% today to $14.45 per share, and its market cap just hit US$1.911 billion, or 47.10x more than SAGA’s market cap at today’s close!
SAGA’s Wolverine is the only heavy REE project comparable to CRML’s Tanbreez and privately held Strange Lake!
SAGA is extremely undervalued from its high-grade Radar Titanium Project alone! More drilling results from the Radar Titanium Project will be released shortly!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from SAGA of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.