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SAGA Metals secures 100% interest in Labrador REE project with assays up to 21.6% TREO, expanding high-grade rare earth potential.

Company Fundamentals
08 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

SAGA Metals Corp. has completed the acquisition of a 100% interest in three mineral licenses in Labrador, adding 54 claims to its Wolverine REE Project. The new claims feature seven REE-bearing pegmatite showings with assays reaching up to 21.6% total rare earth oxides (TREO), complementing the existing bulk disseminated mineralization. This acquisition expands the project to approximately 294.5 km², enhancing its district-scale potential in a Tier-1 jurisdiction. SAGA plans an aggressive 2026 exploration program focused on diamond drilling, metallurgical testing, and further geological studies to validate and expand the resource.

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