Top Reasons SAGA Could Become NIA’s Biggest Winner of 2026

Saga Metals (TSXV: SAGA) at its current price of $0.51 per share has a market cap of only US$34.94 million and is about to become a two flagship asset natural resource exploration company — with both flagship projects being major new discoveries of massive scale and on track for near-term resource estimates in Labrador, a Tier 1 mining jurisdiction. Out of 68 global mining jurisdictions evaluated by the Fraser Institute, Labrador is ranked 7th in its highly favorable Policy Perception Index (PPI).

On May 8th, SAGA raised CAD$10,236,486 at $0.65 per share, with participants accepting a four-month holding period. The financing shores up SAGA’s treasury while providing it with the financial strength to deliver maiden resources on both its Wolverine Heavy Rare Earth Project and Radar Titanium Project in the near term.

SAGA is in the process of acquiring 100% ownership of the royalty-free Wolverine Heavy Rare Earth Project and expects to close the acquisition any day now. Wolverine is a 23,050-hectare Heavy Rare Earth Element (HREE) project hosted within the Flowers River Igneous Suite: the #1 largest peralkaline intrusive body in all of Labrador. These are the same type of rocks as Canada’s #1 largest Rare Earth Element (REE) deposit: Strange Lake.

Wolverine initially caught the attention of Altius Minerals (TSX: ALS), which since September 1998 has been the #1 best performing TSX listed mining stock, rising from $0.18 to a new all-time high yesterday of $62.07 per share for a gain of 34,383.33%.

ALS staked Wolverine in 2006 and at the time was calling it the Nuiklavik Project. ALS said in a 2009 press release regarding Nuiklavik (Wolverine): “The metallogenic signature and geological setting resembles that of the Strange Lake REE deposit located 200 km to the northwest where an historical non 43-101 compliant resource of 52 million tonnes of 3.5% ZrO2, 0.66% Y2O3, 0.56% Nb2O5, and 1.3% TREO was reported by the Iron Ore Company of Canada in 1983.”

The Strange Lake REE Project has grown significantly since then, becoming Canada’s #1 largest REE deposit. It is today owned by privately held Torngat Metals Ltd., which is majority owned and funded by private equity giant Cerberus Capital Management — and Cerberus is majority owned by its founder, billionaire Stephen A. Feinberg, who currently serves as President Trump’s United States Deputy Secretary of War. If Torngat Metals were publicly traded, its market cap would likely be several billion dollars.

Strange Lake and Wolverine are both part of the same Greenland-Canadian Rare Earth Province, which holds some of the highest concentrations of heavy rare earths (HREEs) outside of China’s monopoly. This geological belt spans more than 500 kilometers through Labrador and Greenland. Strange Lake’s future development hinges on a cross-border logistics plan where crushed ore is trucked over a proposed ~180 km seasonal, single-lane access road crossing into Labrador, ending near the Anaktalak Bay (Voisey’s Bay) area.

Voisey’s Bay is the location of Vale’s Voisey’s Bay nickel mine that was discovered by Robert Friedland’s Diamond Fields Resources in 1994, causing its market cap to rapidly increase from $6.2 million up to $4.68 billion. The macro case for heavy rare earths in 2026 is arguably more urgent than nickel was in 1993.

Wolverine is located only 12 km from tidewater and within the same regional infrastructure corridor as Vale’s Voisey’s Bay operation, providing a logistical advantage relative to remote rare earth projects like Strange Lake.

SAGA structured its acquisition of Wolverine in a way that minimizes the upfront cost, allowing SAGA to maximize near-term drilling at Canada’s most important new heavy rare earth discovery. This will allow for constant news flow and consistent nonstop catalysts not only throughout this summer but for the remainder of 2026 and beyond.

The Critical Metals (CRML) Tanbreez Project in Greenland currently has total resources of about 170,000 t TREO (27% HREO) with a post-tax NPV of approximately $2.1 billion. All of SAGA’s milestone payments will be owed only after Wolverine surpasses the current resources of Tanbreez.

CRML has a current market cap of $1.48 billion, or 42.36x higher than SAGA — and all of SAGA’s market cap is for its Radar Titanium Project, where the company has a 100% perfect hit rate of drilling success. SAGA remains undiscovered, and the investment community has no idea that SAGA is about to become a Heavy Rare Earth exploration company with a project similar to both Strange Lake and Tanbreez in the same Greenland-Canadian Rare Earth Province.

Wolverine has demonstrated an average heavy rare earth oxide (HREO) contribution of approximately 28%, which is comparable to the Tanbreez Project of Critical Metals (CRML) having an average HREO contribution of approximately 27%. China dominates global production of heavy rare earths, which are critical for advanced permanent magnets, military systems, drones, robotics, electric vehicles, aerospace technologies, and precision-guided weapons.

Wolverine has approximately 26 km² of exposed mineralized tuff at surface — more than double the surface footprint of Tanbreez and several times larger than the exposed mineralized area at Strange Lake.

Less than 10% of Wolverine’s 26 km² of mineralized surface footprint has been drill tested to date.

No drilling occurred at Wolverine until 2024, when several backpack drill holes confirmed the presence of high-grade REE mineralization.

The first significant Wolverine drilling occurred in 2025 with 25 shallow RC drill holes. This initial 2025 drill program confirmed broad, near-surface REE mineralization across a 1.7 km × 1.2 km area.

2025 drilling achieved intercepts of up to 48.8 meters at 0.78% TREO and peak grades exceeding 2% TREO with heavy rare earth content of approximately 28%. Mineralization remains open in all directions.

The project has not yet been tested at depth. Other major rare earth deposits within the broader Labrador-Greenland peralkaline REE province have demonstrated mineralization extending hundreds of meters below surface, highlighting the importance of SAGA’s planned deeper drilling program.

Of the 25 RC holes drilled in 2025, 19 hit significant intercepts of REE mineralization. Based on cross-section models showcasing shallow-dipping stratigraphy from surface, the 6 holes that missed may have been too shallow and just needed to be deeper.

Multiple 2025 RC drill holes terminated in REE mineralization — oftentimes in the highest-grade REE mineralization of the hole.

SAGA’s planned work in 2026 includes diamond core drilling to confirm vertical grade zonation, validate mineralization continuity, collect material for metallurgical testing, and verify REE host minerals; plus targeted step-out and deeper drilling designed to test the thickness of the enriched horizon, define the base of mineralization, and improve geological confidence.

Wolverine has favorable flat-lying geometry and is anticipated to have a low strip ratio.

SAGA recently expanded its Wolverine Project by acquiring 1,350 hectares of additional claims and staking another 5,050 hectares of claims to form a contiguous land package totaling approximately 29,450 hectares.

The newly acquired Wolverine claims contain seven known REE showings with certified assays reaching 21.6% TREO, hosted in highly evolved peralkaline pegmatites that formed from the final stages of the same magmatic system responsible for Wolverine’s main discovery. These high-grade showings provide SAGA with exposure to a second style of rare earth mineralization that could complement the project’s existing large-tonnage caldera-hosted resource potential while significantly expanding the overall exploration upside of the district.

SAGA also owns 100% of the Radar Titanium Project in Labrador, totaling approximately 24,175 hectares, and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface.

SAGA’s latest reported drill hole at the Radar Titanium Project, R-0046, intercepted 54 meters of 8.78% TiO2 and 0.415% V2O5 — making it the #1 highest grade titanium intercept at Trapper South to date and the #3 highest grade titanium intercept at SAGA’s Radar Titanium Project to date. In addition, this same drill hole also intercepted 65.1 meters of 5.90% TiO2 and 0.316% V2O5 plus another 20.6 meters of 7.46% TiO2 and 0.426% V2O5.

SAGA has a total of 11 pending Radar Titanium Project Trapper Zone drill holes to be reported shortly. The soon-to-be-reported SAGA drill hole R-0053 intercepted 202.3 meters of oxide layering — the most of any drill hole at SAGA’s Radar Titanium Project to date.

SAGA has confirmed mineralization in 57 out of 57 drill holes completed to date at the Radar Titanium Project.

SAGA’s Maiden Resource Estimate for the Radar Titanium Project is coming soon, focused on the Trapper Zone where 11,600 meters have been drilled to date in 50 drill holes.

The only other publicly traded titanium company to make a recent new discovery and establish a maiden resource estimate has been Empire Metals (LSE: EEE), with its share price up by 3,777.97% in recent years:

SAGA has confirmed a 29.0 km² central oxide corridor that encompasses the Trapper, Falcon and Hawkeye Zones, demonstrating district-scale potential.

SAGA has identified additional targets located to the west and north of the 29.0 km² central oxide corridor.

The Radar Titanium Project is well serviced by road access and is conveniently located near the town of Cartwright, Labrador, with strong support from the local government. Robyn Howell, the Mayor of Cartwright, has said: “The town of Cartwright fully supports Saga Metals in their exploration efforts and analysis aiming to identify an ore deposit near Cartwright and in Labrador in general. The town will help in whatever way it can to support Saga Metals in its efforts.”

Additional infrastructure available to the Radar Titanium Project includes a deep-water port, nearby hydro-electric power, and a regional airport.

VTM mineralization at Radar is comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa).

SAGA has a strong relationship with Rio Tinto and recently acquired a 100% stake in their 6,450.54-hectare Garneau Project in Quebec. SAGA acquired Garneau directly from Rio Tinto, and the project is located in the same anorthosite complex as Rio Tinto’s world-class Lac Tio mine — one of the highest-grade hard rock titanium operations globally. Not only does Garneau’s geophysical signature display a basin-like morphology directly comparable to Lac Tio, but a massive, ilmenite-rich boulder returning a sample of 32.4% TiO2 was discovered on the property. Major nearby infrastructure was recently constructed, including the Romaine hydroelectric complex and the new Hydro-Québec access road located only 4.5 km from the property.

TiO2 prices increased significantly in May 2026, including a 10% increase in the North American market:

TiO2 prices are continuing to increase in June 2026. On June 14th, the Shanghai Metals Market issued a report: “Taineng Chemical has issued a price adjustment notice. Effective June 5, 2026, the sales prices of all grades of titanium dioxide will be increased: domestic customers will see a price increase of 1,000 yuan per ton, and international customers will see a price increase of 150 US dollars per ton. The price adjustment will remain in effect until the next price adjustment notice takes effect.”