Newsfile Corp
10 Jul 2026, 11:30 UTC · 2h ago
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SAGA Metals Corp. has closed the acquisition of Catalyst Rare Metals Ltd., granting it 100% ownership of the Wolverine rare earth element project in Labrador. — Acquiring a 100% interest in a royalty-free heavy rare earth project significantly expands the company's asset base and strategic value.
+0.60SAGA is launching a 4,000-5,000 meter diamond drilling program at the Wolverine project starting in August 2026 to move toward a maiden NI 43-101 mineral resource estimate. — The commencement of a large-scale drilling program is a critical catalyst for value discovery and resource validation.
+0.40The company expects to complete maiden Mineral Resource Estimates for both the Wolverine project and the Radar titanium-vanadium project within the year. — Dual-track resource estimates provide a clearer valuation path and reduce single-project risk for investors.
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The company successfully closed the acquisition of the Wolverine REE Project and is launching a diamond drill program to advance resource estimates.
Mentioned only as a reference to existing community agreements near the project area.
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