{"id":10207,"date":"2026-09-05T16:38:03","date_gmt":"2026-09-05T20:38:03","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=10207"},"modified":"2026-09-13T21:28:56","modified_gmt":"2026-09-14T01:28:56","slug":"dysprosium-in-north-america-volta-and-saga-could-have-two-most-important-projects","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/dysprosium-in-north-america-volta-and-saga-could-have-two-most-important-projects\/","title":{"rendered":"Dysprosium in North America: Volta and Saga Could Have Two Most Important Projects"},"content":{"rendered":"\n<div style=\"max-width:650px; margin:0 auto; padding:0 10px; box-sizing:border-box; font-family:Arial,Helvetica,sans-serif; font-size:16px; line-height:1.6; color:#333333; -webkit-text-size-adjust:100%; -ms-text-size-adjust:100%; mso-line-height-rule:exactly; display:block;\">\n\n<p style=\"margin:0 0 14px;\"><strong>Dysprosium (Dy)<\/strong> could become one of the <span style=\"color:#27ae60;\"><strong>most important and valuable Rare Earth Elements<\/strong><\/span> of the coming decade. It is a key ingredient in high-performance <strong>neodymium-iron-boron (NdFeB) permanent magnets<\/strong>, helping them maintain performance at high temperatures. These magnets are critical to <strong>electric vehicle motors, wind turbines, advanced electronics, industrial equipment, and defense technologies<\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">The challenge is that <strong>dysprosium is one of the more difficult critical minerals for North America to source domestically<\/strong>. That makes the discovery and development of <span style=\"color:#2980b9;\"><strong>large-scale North American REE projects containing meaningful dysprosium<\/strong><\/span> increasingly important.<\/p>\n\n<p style=\"margin:0 0 14px;\">NIA believes investors looking for exposure to <strong>dysprosium in North America<\/strong> should be paying extremely close attention to both <strong>Volta Metals (CSE: VLTA)<\/strong> and <strong>Saga Metals (TSXV: SAGA)<\/strong>. The two companies are at <strong>different stages of exploration and resource definition<\/strong>, but could potentially be advancing North America&#8217;s most important <span style=\"color:#27ae60;\"><strong>dysprosium-bearing REE projects<\/strong><\/span>.<\/p>\n\n<p style=\"margin:0 0 14px;\"><strong>Volta Metals (CSE: VLTA)<\/strong> shows how quickly successful drilling can transform the scale of an REE project. VLTA began its inaugural drilling program at its <strong>Springer REE Project<\/strong> in September 2025 and today has a current NI 43-101 Mineral Resource Estimate containing <strong>56.6 million tonnes Indicated at 0.70% TREO<\/strong> plus <strong>119.5 million tonnes Inferred at 0.58% TREO<\/strong>&#8230; a combined <strong><span style=\"color:#27ae60;\">176.1 million tonnes<\/span><\/strong> of REE mineralization.<\/p>\n\n<p style=\"margin:0 0 14px;\">Importantly, <strong>Springer contains dysprosium<\/strong>. The resource averages <strong>38 ppm Dy\u2082O\u2083 in the Indicated category<\/strong> and <strong>31 ppm Dy\u2082O\u2083 in the Inferred category<\/strong>, equivalent to approximately <strong>33.1 ppm and 27.0 ppm elemental dysprosium<\/strong>, respectively.<\/p>\n\n<p style=\"margin:0 0 14px;\">Some of <strong>VLTA&#8217;s individual drill intercepts<\/strong> have contained <span style=\"color:#27ae60;\"><strong>much higher dysprosium grades<\/strong><\/span>. Drill hole <strong>SL25-24<\/strong> returned <strong>27.1 metres averaging 157.8 ppm Dy\u2082O\u2083<\/strong>&#8230; approximately <strong>137.5 ppm elemental Dy<\/strong>. That gives investors a useful real-world benchmark for what <strong>100+ ppm elemental dysprosium<\/strong> can look like over a meaningful drill width within a large REE system.<\/p>\n\n<p style=\"margin:0 0 14px;\">VLTA&#8217;s success is particularly relevant when evaluating <strong>Saga Metals (TSXV: SAGA)<\/strong>, because <strong>SAGA is approximately one major drilling cycle behind VLTA<\/strong> at its <strong>Wolverine Heavy Rare Earth Project<\/strong> in Labrador.<\/p>\n\n<p style=\"margin:0 0 14px;\">Prior to SAGA acquiring Wolverine, only <strong>817.4 metres of shallow RC drilling across 25 holes<\/strong> had been completed in 2025. Despite that extremely limited drilling, <strong>19 of the 25 RC holes returned mineralized intercepts exceeding 0.2% TREO<\/strong>, confirming broad, near-surface mineralization across an approximately <strong>1.7 km by 1.2 km area<\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">Some of the most important 2025 RC results included:<\/p>\n\n<ul style=\"margin:0 0 14px; padding-left:24px;\">\n\t<li style=\"margin:0 0 6px;\"><strong>WOLRC25-003:<\/strong>&nbsp;48.8 m @ 0.77% TREO from 1.5 m, including 18.3 m @ 1.06% TREO<\/li>\n\t<li style=\"margin:0 0 6px;\"><strong>WOLRC25-006:<\/strong>&nbsp;38.1 m @ 0.71% TREO from surface, including 4.6 m @ 1.53% TREO<\/li>\n\t<li style=\"margin:0;\"><strong>WOLRC25-002:<\/strong>&nbsp;51.8 m @ 0.52% TREO from surface, including 33.5 m @ 0.67% TREO<\/li>\n<\/ul>\n\n<p style=\"margin:0 0 14px;\">Peak RC sample grades reached <strong>2.03% TREO<\/strong>, with an average <strong>Heavy Rare Earth Oxide (HREO) contribution of approximately 24-28%<\/strong>. SAGA has said these results demonstrated sufficient scale and continuity to justify advancing Wolverine toward <strong>NI 43-101 resource definition<\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">That is exactly what SAGA is now attempting. The company has begun an initial <strong><span style=\"color:#27ae60;\">4,000-5,000 metre diamond drilling program<\/span><\/strong> designed to confirm vertical grade continuity, test the thickness of the mineralized horizon, collect metallurgical material, and advance Wolverine toward a <strong><span style=\"color:#2980b9;\">maiden NI 43-101 Mineral Resource Estimate<\/span><\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">In other words, investors shouldn&#8217;t compare <strong>VLTA&#8217;s current 176.1-million-tonne resource<\/strong> against SAGA&#8217;s current absence of a resource. <strong>VLTA has already gone through the drilling and resource-definition process that SAGA is only now beginning<\/strong>&#8230; and it did so in roughly a year.<\/p>\n\n<p style=\"margin:0 0 14px;\"><strong>SAGA&#8217;s very first 2026 diamond hole, W26-001<\/strong>, intersected <strong><span style=\"color:#27ae60;\">169 metres of prospective REE-bearing volcanic ash tuff<\/span><\/strong>. SAGA described the location as the <span style=\"color:#2980b9;\"><strong>cool, upper end of the feeder<\/strong><\/span>, raising the possibility that different or potentially higher-grade REE mineralization could occur deeper within the system.<\/p>\n\n<p style=\"margin:0 0 14px;\">Scientists reported as far back as <strong>1993<\/strong> that the Wolverine Heavy Rare Earth Project, then known as Nuiklavik, contained rare-metal mineralization <strong>32 metres thick<\/strong> in one occurrence and at least <strong>4 metres thick over an area of 14 square kilometres<\/strong>:<\/p>\n\n<p style=\"margin:0 0 14px;\"><img decoding=\"async\" alt=\"Historical Wolverine rare earth project geological conclusions\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/09\/sagawolverineconclusions.jpg\" style=\"display:block; width:100%; max-width:581px; height:auto; margin:0 auto; border:0; outline:none; text-decoration:none;\"><\/p>\n\n<p style=\"margin:0 0 14px;\">Today, the broader prospective <strong>REE-bearing ash-flow footprint at Wolverine covers approximately <span style=\"color:#27ae60;\">26 sq km<\/span><\/strong>, and only a small portion has been drill tested.<\/p>\n\n<p style=\"margin:0 0 14px;\">This is the key distinction when comparing <strong>SAGA and VLTA<\/strong>. VLTA&#8217;s Springer resource is already very large at <strong>176.1 million tonnes<\/strong> and remains open for expansion&#8230; NIA is <strong>not suggesting Springer has reached its ultimate size<\/strong>. However, <strong>SAGA&#8217;s exploration upside could ultimately be even larger<\/strong>, because Wolverine&#8217;s prospective system covers roughly <strong>26 square kilometres<\/strong> while drilling has tested only a small portion. If ongoing and future diamond drilling confirms that the thickness, grade, and continuity seen in the early holes extend across substantial portions of that footprint, <strong><span style=\"color:#27ae60;\">Wolverine could ultimately support a resource materially larger than what is currently defined at Springer<\/span><\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">This is an <strong>NIA exploration thesis<\/strong>, not a current mineral resource estimate. SAGA must complete substantially more drilling, receive assays, conduct the necessary geological modelling, and satisfy NI 43-101 requirements before the size of a Wolverine resource can be established. In the <strong>nearer term<\/strong>, it is reasonable to consider whether the <strong>4,000-5,000 metre diamond program<\/strong>, combined with the previous <strong>817.4 metres of RC drilling<\/strong>, could establish a maiden resource that begins to approach other major North American REE projects such as Springer. <strong>Whether Wolverine ultimately matches or exceeds Springer&#8217;s current 176.1 million tonnes will be determined by drilling and cannot yet be known.<\/strong><\/p>\n\n<p style=\"margin:0 0 14px;\">Dysprosium makes this potential scale particularly interesting.<\/p>\n\n<p style=\"margin:0 0 14px;\">NIA has the <span style=\"color:#2980b9;\"><strong>full database<\/strong><\/span> of historical samples taken from the <strong>Wolverine Heavy Rare Earth Project<\/strong>. From what we see, <strong>all 249 historical samples<\/strong> in the database&#8230; taken across <strong>SAGA&#8217;s 26 sq km REE ash-flow footprint<\/strong>&#8230; contain <strong>dysprosium<\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">Most interestingly, <strong>SAGA&#8217;s first two 2026 diamond drill holes<\/strong> were completed in <span style=\"color:#2980b9;\"><strong>close proximity<\/strong><\/span> to historical samples containing some of the project&#8217;s <span style=\"color:#27ae60;\"><strong>highest dysprosium grades<\/strong><\/span>:<\/p>\n\n<ul style=\"margin:0 0 14px; padding-left:24px;\">\n\t<li style=\"margin:0 0 6px;\"><strong>Historical sample 114:<\/strong>&nbsp;168.6 ppm Dy<\/li>\n\t<li style=\"margin:0 0 6px;\"><strong>Historical sample 141:<\/strong>&nbsp;334.2 ppm Dy<\/li>\n\t<li style=\"margin:0;\"><strong>Historical sample 134:<\/strong>&nbsp;192.8 ppm Dy<\/li>\n<\/ul>\n\n<p style=\"margin:0 0 14px;\">These are <strong>elemental Dy grades<\/strong>. For perspective, VLTA&#8217;s exceptional <strong>27.1-metre interval averaging 157.8 ppm Dy\u2082O\u2083<\/strong> is equivalent to approximately <strong>137.5 ppm elemental Dy<\/strong>. It is important to emphasize that <strong>SAGA&#8217;s historical values are surface samples whereas VLTA&#8217;s result is a drill intercept average<\/strong>, so they cannot be treated as directly equivalent evidence. The significance of the historical Wolverine samples is that they demonstrate <span style=\"color:#27ae60;\"><strong>very high dysprosium concentrations within the geological system<\/strong><\/span>; SAGA&#8217;s ongoing assays will determine whether elevated Dy grades continue across meaningful widths at depth.<\/p>\n\n<p style=\"margin:0 0 14px;\">The following photo <span style=\"color:#e74c3c;\"><strong>isn&#8217;t even part<\/strong><\/span> of SAGA&#8217;s main <strong><span style=\"color:#2980b9;\">26 sq km REE ash-flow footprint<\/span><\/strong>. It shows a separate area of the broader Wolverine Project where surface samples returned grades as high as <strong>21.6% TREO<\/strong>, including one sample with an extraordinary <strong>2,980 ppm dysprosium<\/strong> and others with <strong>2,570 ppm Dy<\/strong> and <strong>3,550 ppm Dy<\/strong>. These are <strong>surface grab samples<\/strong> and aren&#8217;t representative of average grades across Wolverine, but they provide additional evidence of the extraordinary degree to which dysprosium can become enriched within the broader geological system.<\/p>\n\n<p style=\"margin:0 0 14px;\"><img decoding=\"async\" alt=\"Saga Metals Wolverine Heavy Rare Earth Project high-grade REE mineralization\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/09\/sagamassivenewsheavyrareearths5.jpg\" style=\"display:block; width:100%; max-width:600px; height:auto; margin:0 auto; border:0; outline:none; text-decoration:none;\"><\/p>\n\n<p style=\"margin:0 0 14px;\"><strong>SAGA&#8217;s rocks at Wolverine<\/strong> are among the <span style=\"color:#e74c3c;\"><strong>oldest in the world<\/strong><\/span>. They were once geographically connected with <strong>Greenland<\/strong>, which hosts some of the world&#8217;s largest known REE deposits.<\/p>\n\n<p style=\"margin:0 0 14px;\">Another excellent example of why investors should pay close attention to <strong>dysprosium grades<\/strong> is <strong>USA Rare Earth (USAR)&#8217;s Round Top Project<\/strong>. Round Top&#8217;s historical REE resource contains approximately <strong>31.7 ppm dysprosium in its Measured &amp; Indicated resource<\/strong>. A <strong>USA Rare Earth management presentation<\/strong> described Round Top as <span style=\"color:#2980b9;\"><strong>&ldquo;uniquely rich in dysprosium&rdquo;<\/strong><\/span> and stated that <strong>dysprosium represented approximately <span style=\"color:#27ae60;\">46% of the project&#8217;s rare earth value<\/span><\/strong>. That illustrates why <strong>total TREO grade<\/strong> alone doesn&#8217;t tell the full story: a relatively small percentage of a deposit by weight can account for a disproportionately large share of its economic value when it consists of <span style=\"color:#27ae60;\"><strong>high-value magnet rare earths such as dysprosium<\/strong><\/span>.<\/p>\n\n<p style=\"margin:0 0 14px;\">This is what makes both <strong>VLTA&#8217;s Springer<\/strong> and <strong>SAGA&#8217;s Wolverine<\/strong> so interesting. VLTA has already demonstrated what successful drilling can accomplish, emerging with a <strong>176.1-million-tonne NI 43-101 resource containing meaningful dysprosium<\/strong> in roughly a year, while additional drilling indicates the system remains open for expansion. <strong>SAGA is earlier in the same process<\/strong>: Wolverine has no mineral resource estimate, but limited RC drilling already established broad REE mineralization, significant Heavy Rare Earth enrichment, and continuity across a substantial area&#8230; and SAGA is now adding <strong>4,000-5,000 metres of diamond drilling<\/strong> across a system whose overall prospective footprint is far larger than the portion drilled to date. While <strong>VLTA currently has the advantage of a defined resource<\/strong>, NIA believes <strong><span style=\"color:#27ae60;\">SAGA could potentially have the greater exploration upside<\/span><\/strong>. The question isn&#8217;t whether Wolverine already has a resource comparable to Springer&#8230; it clearly does not, because the necessary drilling and resource estimation haven&#8217;t yet been completed. The question is <strong>what Wolverine could look like after SAGA completes the type of drilling that allowed Springer to establish and rapidly expand its own resource<\/strong>.<\/p>\n\n<p style=\"margin:0 0 14px;\">If SAGA&#8217;s ongoing drilling successfully demonstrates continuity across Wolverine&#8217;s prospective REE-bearing system, NIA believes the project has the <span style=\"color:#27ae60;\"><strong>geological scale to potentially become substantially larger over the long term<\/strong><\/span> than its initial maiden resource ultimately defines.<\/p>\n\n<p style=\"margin:0 0 14px;\">\n<img decoding=\"async\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/09\/sagawolverinehistoricalsamples.jpg\" width=\"600\" alt=\"Saga Metals Wolverine historical dysprosium samples\" style=\"display:block; width:100%; max-width:600px; height:auto; margin:0 auto; border:0; outline:none; text-decoration:none;\" \/>\n<\/p>\n\n<p style=\"margin:0;\"><span style=\"font-size:8px; line-height:1.3;\"><em>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 meant for informational and educational purposes only and does not provide investment advice.<\/em><\/span><\/p>\n\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dysprosium (Dy) could become one of the most important and valuable Rare Earth Elements of the coming decade. It is a key ingredient in high-performance neodymium-iron-boron (NdFeB) permanent magnets, helping them maintain performance at high temperatures. These magnets are critical to electric vehicle motors, wind turbines, advanced electronics, industrial equipment, and defense technologies. The challenge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[197,274,366],"class_list":["post-10207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-rareearth","tag-saga","tag-vlta"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=10207"}],"version-history":[{"count":3,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10207\/revisions"}],"predecessor-version":[{"id":10284,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10207\/revisions\/10284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/10279"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=10207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=10207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=10207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}