Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that Strand Hanson Limited has been appointed as its UK Financial Adviser.

This engagement marks a significant step as Homerun evaluates a potential dual listing on the international commercial companies secondary listing segment of the FCA’s Official List, and admission to trading on the Main Market of the London Stock Exchange (LSE).

Strand Hanson Limited is a leading independent financial advisory firm based in London, known for its expertise in corporate finance and capital markets. With a strong track record in advising growth companies, particularly in the natural resources and energy sectors. Their extensive experience in advising international companies on LSE listings brings valuable insight to Homerun’s growth objectives and ambition to increase its global investor base.

Homerun is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions.

The decision to pursue a dual listing on the London Stock Exchange supports Homerun’s strategy of expanding its capital markets presence, improving share liquidity, and enhancing visibility with institutional and retail investors worldwide. London, as one of the world’s premier financial centers, offers unparalleled access to international capital and a diverse range of sophisticated investors.

This move will position Homerun to:

• Broaden its shareholder base beyond North America.
• Access deeper pools of capital and improve funding flexibility.
• Enhance the Company’s brand recognition in the UK and European markets.
• Attract high-caliber institutional investors who are active on the LSE.
• Offer investors increased trading flexibility, transparency, and regulatory standards associated with London’s Main Market.

Commenting on the partnership, CEO, Brian Leeners, stated: ‘We are excited to welcome Strand Hanson Limited as our UK Financial Adviser. Their proven track record and expertise with London listings will be instrumental as we assess the merits of a dual listing on the Main Market of the London Stock Exchange, aligning with our objectives to create greater value for our shareholders.’

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

• Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

• Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

• Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

• European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

• Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

• Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of

Homerun Resources Inc.

‘Brian Leeners’

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260662

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  Proceeds to provide working capital & pre-pay government supported work programs  

 

  NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES  

 

 

  Fortune Minerals Limited (TSX: FT,OTC:FTMDF) (OTCQB: FTMDF) (‘ Fortune ‘ or the ‘ Company ‘) ( www.fortuneminerals.com ) is pleased to announce that it has entered into a new convertible security funding agreement (‘ Funding Agreement ‘) with Lind Global Fund III, LP, an entity managed by The Lind Partners (together, ‘ Lind ‘) pursuant to which the Company has agreed to draw down C$3,155,000 in exchange for the issuance of a convertible security to Lind (the ‘ Convertible Security ‘).

 

The proceeds from the issuance of the Convertible Security will be used for general working capital purposes and to pre-pay and partially match the costs for government supported work programs currently underway for the vertically integrated NICO Cobalt-Gold-Bismuth-Copper Critical Minerals Project (‘ NICO Project ‘) (see news releases dated, May 16, 2024, and December 5, 2023). Fortune is working closely with the Government of Canada, the Government of the United States and the Government of Alberta to expand North American critical minerals production and enhance domestic supply chain resilience and security. The Company has been awarded ~C$17 million of non-dilutive contribution funding from the U.S. Department of Defense through its Defense Production Act Title III program, Natural Resources Canada’s Global Partnerships Initiative and Critical Minerals Research Development and Demonstration programs, and Alberta Innovates Clean Resource Intake program. These funds are helping advance the NICO Project toward a construction decision and provide a reliable North American supply of cobalt sulphate, gold doré, bismuth ingots, and copper cement enhancing domestic supply chains for three Critical Minerals with a highly liquid and countercyclical gold co-product to mitigate metal price volatility.

 

The Convertible Security will have a two-year term, with a face value (‘ Face Value ‘) of C$3,774,000 and is secured by a lien against the Company’s mining assets. Lind will be entitled to incrementally convert the Face Value amount of the Convertible Security over a 24-month period, subject to certain limits, at a conversion price equal to 85% of the five-day trailing volume weighted average price (‘ VWAP ‘) of Fortune’s common shares (‘ Common Shares ‘) prior to the date of conversion. Commencing 60 days following the date on which Lind advances the funds pursuant to the Convertible Security to the Company, Fortune will have the right to repurchase the Convertible Security, subject to Lind’s option to convert up to one third of the Face Value into Common Shares prior to such repurchase at a conversion price equal to 85% of the 5-day VWAP. Lind will also receive a closing fee of C$120,000 and 15,641,293 Common Share purchase warrants exercisable at an exercise price of $0.1141 per Common Share for 60 months from the date of closing.

 

The Toronto Stock Exchange (the ‘ TSX ‘) has provided conditional approval in respect of the issuance of the Convertible Security.

 

  This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.  

 

  About The Lind Partners:  
The Lind Partners manages institutional funds that are leaders in providing growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind’s multi-strategy funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity placements and selectively buy on market. Having completed more than 200 direct investments totaling over US$2 billion in transaction value, Lind’s funds have been flexible and supportive capital partners to investee companies since 2011.

 

  About Fortune Minerals:  
Fortune is a Canadian mining company focused on developing the vertically integrated NICO cobalt-gold-bismuth-copper critical minerals project in Canada. The NICO project is a development stage asset consisting of a planned mine and concentrator in the Northwest Territories and a dedicated hydrometallurgical facility in Alberta’s Industrial Heartland Association north of Edmonton. Fortune also owns the Sue-Dianne copper-silver-gold satellite deposit located 25 km north of the NICO deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

 

  Follow Fortune Minerals:  
Click here to subscribe to Fortune’s email list.
Click here to follow Fortune on LinkedIn.
@FortuneMineral on X.

 

  This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, issuance of the Convertible Security pursuant to the Funding Agreement, and the Company’s plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: final approval by the TSX in respect of the Funding Agreement and related matters; the Company’s ability to complete construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project, including the planned NICO cobalt-gold-bismuth-copper mine and concentrator and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the TSX may not provide final approval in respect of the Funding Agreement and related matters, that global geopolitical situations may interfere with the Company’s ability to continue development of the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.  

 

  

 

  View source version on businesswire.com:    https://www.businesswire.com/news/home/20250730234914/en/   

 

  Fortune Minerals Limited  
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com  
Tel: (519) 858-8188
www.fortuneminerals.com  

 

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that it has entered into an arm’s length engagement agreement (the ‘Agreement’) dated July 25, 2025, with FMI Securities Inc. (‘FMIS’), an Ontario-registered Exempt Market Dealer, and FM Global Markets Inc. (‘FMGM’), a FINRA-registered U.S. dealer (together with FMIS, the ‘Agents’). Under the Agreement, the Agents will act as exclusive corporate finance advisors and placement agents on a best-efforts basis to LaFleur Minerals for a proposed secured debt financing of up to CAD $5,000,000 (the ‘Debt Financing’) for the purpose of restarting gold production at the Beacon Gold Mill, located in Val d’Or, Quebec, Canada.

The proposed Debt Financing is intended to support the advancement of the Company’s restart and commissioning of its 100%-owned Beacon Gold Mill in Val-d’Or, Québec. The term of the engagement is 180 days and may be terminated earlier by either party with written notice. The Company confirms that no securities have been issued or will be issued to the Agents in connection with the Agreement or the provision of the Agent’s services thereunder. As compensation for their services, the Agents will receive a non-refundable work fee of CAD $25,000 payable in cash upon signing of the agreement and will receive a 4% cash commission on gross proceeds raised from lenders introduced by the Agents and a 2% reduced cash commission for closings involving pre-approved parties on the Company’s exclusion list. A break fee of CAD $50,000 payable in cash is due if a secured debt financing is completed without the Agents during the agreement term.

NON-BROKERED PRIVATE PLACEMENT OF LIFE AND CHARITY FLOW-THROUGH UNITS

LIFE Offering

The Company also announces a non-brokered private placement offering of up to 6,000,000 units of the Company (the ‘Units‘) at a price of $0.48 per Unit gross proceeds of up to $2,880,000 (the ‘LIFE Offering‘). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share‘) and one (1) Common Share purchase warrant (a ‘Warrant‘) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share‘) at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the ‘CSE‘) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.

The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company’s Swanson Gold Project and for operational purposes at the Beacon Gold Mill, in addition to working capital and general corporate expenses.

The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.

The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.

The Company has also agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.

Charity Flow-Through (FT) Offering

The Company also intends to offer up to 3,750,000 charity flow-through units of the Company (the ‘Charity FT Units‘) at a price of $0.69 per Charity FT Unit for gross proceeds of up to $2,587,500 (the ‘Charity FT Offering‘). Each Charity FT Unit will consist of one (1) Common Share to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) (each, a ‘Charity FT Share‘) and one (1) Warrant which shall have the same terms as the Warrants included in the Units to be issued in the LIFE Offering.

The gross proceeds from the issuance and sale of the Charity FT Units will be used on the Company’s Swanson Gold Project to incur ‘Canadian Exploration Expenses’ as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as ‘flow-through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to ‘before 2026’ in paragraph (a) of the definition of ‘flow-through mining expenditure’ in subsection 127(9) of the Tax Act were read as ‘before 2027’ and the references in paragraphs (c) and (d) of that definition to ‘before April 2025’ were read as ‘before April 2026’). The qualifying expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the Charity FT Shares.

All securities issued in connection with the Charity FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The closing of the LIFE Offering and Charity FT Offering is expected to occur on or about August 15, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the Charity FT Offering, and the anticipated use of proceeds from the LIFE Offering and the Charity FT Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260636

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Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired, through inexpensive online staking, 21 new prospective uranium exploration claims in northern Saskatchewan. This strategic addition increases the Company’s total land position to 616,939 hectares (1,524,489 acres) across 37 projects in which it holds an interest. The newly staked claims, which are 100% owned by Skyharbour, adds to the Company’s existing portfolio of uranium projects within the Athabasca Basin, which is renowned for hosting the highest-grade uranium deposits globally and consistently ranked as a top-tier mining jurisdiction by the Fraser Institute.

 

While Skyharbour continues to focus on its co-flagship Russell Lake and Moore uranium projects, the newly acquired claims will be incorporated into the Company’s growing prospect generator business model. Skyharbour will actively seek strategic partners to advance these additional assets through earn-in and joint venture agreements.

 

  Skyharbour’s New Uranium Project Portfolio Map:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v2.jpg   

 

  List of New Claims:  

 

•   Haultain Project – New project, five new claims totalling 6,607 ha

 

•   Bonville Project – New project, comprising one new claim totalling 1,497 ha

 

•   Bolt Extension Project – Four new claims totalling 1,127 ha, adjacent to the existing Bolt Project

 

•   South Preston – One new claim totalling 956 ha adjacent to Skyharbour’s existing Preston JV

 

•   Tarku Project – One new claim totalling 3,233 ha, adjacent to Skyharbour’s existing South Dufferin Project

 

•   Elevator Project – Two newly re-staked claims totalling 8,012 ha

 

•   914 Project – Three newly re-staked claims totalling 1,133 ha

 

•   Bennett Project – Two newly re-staked claims, adding 5,033 ha to the project

 

•   Spence Project – Two newly re-staked claims totalling 11,915 ha

 

•   Yurchison Project – One re-staked claim totalling 3,278 ha

 

  Summary of Recently Staked Properties Available for Option:  

 

   Haultain Project:   

 

The Haultain Project comprises five newly staked claims totalling 6,607 hectares, located approximately 46 km southwest of Cameco’s Key Lake Operation and 3 km west of Highway 914. Situated in the Mudjatik Domain just outside the currently mapped extent of the Athabasca Basin, the property is predominantly underlain by orthogneisses with historical EM conductors and coincident magnetic lows possibly indicating the presence of graphitic pelitic gneisses on the property. Limited modern exploration has been conducted on the Haultain Project beyond early-stage prospecting, mapping, and geochemical sampling. The project is prospective for basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

  Haultain Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Haultain_2025_07.jpg   

 

   Bonville Project:   

 

The Bonville Project consists of a single newly staked claim totalling 1,497 ha and is located approximately 60 km south of Cameco’s Key Lake Operation. The Bonville project is located in the Wollaston Domain outside of the currently mapped extent of the Athabasca Basin and mapping indicates the property is underlain by predominantly Wollaston Supergroup metasedimentary gneisses, including prospective locally graphitic lower Wollaston Supergroup pelitic gneisses. Historical exploration includes airborne magnetic and EM surveys, geochemical sampling, and prospecting dating back to the 1960’s and 1970’s. The property hosts three minor copper occurrences (Bonville Lake Cu, SMDI 989). It is considered prospective for basement-hosted uranium mineralization, as well as pegmatite-hosted U-Th-REE and sediment-hosted copper mineralization.

 

  Bonville Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Bonville_2025_07.jpg   

 

   Bolt Extension Project:   

 

The Bolt Extension Project comprises four newly staked claims adjacent to Skyharbour’s Bolt Project, currently under option to UraEx Resources. Mapping conducted in the 1970’s and 1980’s shows a north-south-trending, anastomosing package of amphibole gneisses surrounded by felsic gneisses, metamorphosed to granulite or upper amphibolite grade. Given the age and scale of the historical geological mapping, the area’s structural and lithological complexity is likely underestimated. Past work includes airborne and ground geophysics, as well as lake sediment and water sampling. Recent exploration between 2008 and 2018 identified multiple EM conductors, magnetic lows, and faults that extend onto the Bolt Extension claims. These features highlight the property’s strong potential to host basement-hosted unconformity-related uranium mineralization, as well as pegmatite-hosted U-Th-REE mineralization.

 

   South Preston:   

 

The South Preston Project consists of one claim totalling 965 hectares, located approximately 30 km south of the Athabasca Basin and adjacent to Skyharbour and Orano Canada’s Preston Joint Venture. It is underlain by Taltson felsic granulites and Cretaceous Manville Group sandstones and mudstones. Exploration to date has been limited, comprising airborne EM, magnetic, and radiometric surveys, along with limited prospecting and geological mapping. A series of EM conductors extend onto the property from the adjacent Preston JV but remain untested by drilling.

 

   Tarku Project:   

 

The Tarku Project consists of two claims, including one newly staked claim, totalling 5,878 ha and is located adjacent to Skyharbour’s South Dufferin Project, currently under option to UraEx Resources. The property covers the southern extension of the Virgin River Shear Zone, which hosts high-grade uranium mineralization at Cameco’s Dufferin Lake zone, approximately 32 kilometres to the north, with drill results of 1.73% U ₃ O ₈ over 6.5 metres, and the Centennial deposit, approximately 47 kilometres to the north, which includes intersections up to 8.78% U ₃ O ₈ over 33.9 metres.

 

Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake water and sediment sampling, prospecting, ground-truthing of anomalies, geological mapping, and diamond drilling. The project offers strong potential for basement-hosted, unconformity-related uranium mineralization along the Virgin River Shear Zone trend.

 

   914 and Elevator Projects:   

 

The 914 and Elevator projects consist of five recently re-staked, non-contiguous claims totalling 9,145 hectares, located 35 to 55 km south of Cameco’s Key Lake Operation. Both projects lie near Provincial Highway 914, providing access to southern Saskatchewan. The 914 Project, comprising three claims totalling 1,133 hectares, is situated 1 km east of the highway, while the Elevator Project, with two claims totalling 8,012 hectares, lies 15 km east.

 

Geological mapping in the area indicates that both projects are underlain by prospective Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, known to host significant basement-hosted unconformity-related uranium mineralization further north in the Basin.

 

Extensive historical exploration in the 1970’s included magnetic, gravity, and EM surveys, as well as geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. All five claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator projects host both unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization elsewhere in the region.

 

   Bennett Project:   

 

The Bennett Project comprises four claims totalling 11,815 hectares, including two newly re-staked claims covering 5,033 hectares, located in the Highrock Lake area. The property is underlain by Wollaston Group metasedimentary gneisses, predominantly psammitic to meta-arkosic, locally with pelitic to psammopelitic gneisses concentrated in fold noses.

 

Uranium exploration was previously conducted on the property between the late 1960’s and early 1980’s, including airborne EM, magnetics, and radiometrics, radon surveys, prospecting, geological mapping, and lake water and sediment sampling. As this work predates modern geophysics and exploration models, additional targets likely remain untested. The project is considered prospective for both unconformity-related and pegmatite-hosted uranium mineralization.

 

   Spence Project:   

 

The Spence Project comprises five non-contiguous claims totalling 14,334 hectares, including two newly staked claims covering 11,915 ha. Located 75 to 85 km south of Cameco’s Rabbit Lake Operation, the project is easily accessible via Highway 905, which runs within 1 km of the westernmost claims and nearby infrastructure, including fuel and lodging at km 147. The project is underlain by Wollaston Supergroup metasedimentary gneisses, including graphitic pelitic units adjacent to Archean granites within the Eastern Wollaston Domain, which is a setting highly prospective for unconformity-related uranium mineralization in the Athabasca Basin.

 

Historical work on the property (1960’s–1990’s) focused on SEDEX-style Pb-Zn mineralization, targeting extensions of the adjacent George Lake deposit, and included airborne and ground geophysics, mapping, and geochemistry. More recently, VTEM, VLF-EM, magnetics, and radiometrics were flown in 2022–2023. Despite this, modern uranium-focused exploration has been limited. The property hosts several untested targets prospective for both unconformity-related basement-hosted uranium and SEDEX-style Pb-Zn mineralization.

 

   Yurchison Project:   

 

The drill-ready Yurchison Project comprises two contiguous claims totalling 9,073 hectares in the Wollaston Domain of northern Saskatchewan, including one newly re-staked claim, comprising 3,728 hectares. The claims cover an extensive package of Wollaston Supergroup metasediments in an area known for its base metal and uranium potential. The property is along trend to the north-northeast of the Janice Lake sediment-hosted Cu deposit and numerous other base metal showings in the ‘Wollaston Copperbelt’. Access to the area is greatly enhanced by Highway 905, located approximately 2 km east of the property. Grid power is also available nearby, along with a motel, restaurant and gas bar located at km 147 on Highway 905, a few km north of Courtenay Lake.

 

The Yurchison project has undergone a variety of exploration programs, including diamond drilling, sampling and relogging of historical holes, and Wacker drill overburden till sampling, as well as various prospecting and geophysical programs. However, most of the property remains underexplored. The majority of the work on the property was completed before 2000, with minimal follow-up since then. There are several uranium, molybdenum, and thorium showings on the project, which remains highly prospective for both basement-hosted uranium, pegmatite U-Th-REE, and/or sediment-hosted Cu-Pb-Zn mineralization.

 

  Summary of Other Projects Available for Option:  

 

Skyharbour continues to successfully advance its prospect generator model, growing its landholdings and progressing early-stage uranium projects through strategic partnerships. These assets offer attractive, turn-key opportunities for joint venture and earn-in partners, and the Company is actively seeking new partners to advance them going forward.

 

   Foster Project:   

 

The drill-ready Foster property consists of 19 claims totalling 13,938 hectares, approximately 20 km southeast of Cameco’s Key Lake operation and adjoining the southwestern end of Skyharbour’s Falcon Project, which is currently optioned to North Shore Uranium. The Foster claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of Wollaston Supergroup psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss, accompanied by minor felsic orthogneisses.

 

  Foster Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Foster_2025_07.jpg   

 

The Foster Project contains numerous uriniferous occurrences, with the two most significant being the Great Plains Showing and the Red October Zone. At the Great Plains Showing, intense alteration and shearing in association with vein-hosted pitchblende mineralization were discovered during early exploration in the area between the 1960’s and 1980’s. A comprehensive follow-up was recommended but failed to occur due to changing uranium market fundamentals post-discovery. Another mineralized zone, the Red October Zone, was discovered in 2008 by Eagle Plains and consists of a 400 m intermittent uranium and REE-mineralized outcrop within a 1 km coincident soil geochemical and ground magnetic anomaly. The Red October Zone was drill-tested in 2012, with all six holes encountering anomalous uranium and REEs.

 

Elsewhere on the broader property package, prospective graphitic pelitic gneiss packages are exposed at the surface, and there are several other uraniferous occurrences, which often also host elevated REEs and/or thorium. Samples collected on the property returned up to 657 ppm U, 6,644 ppm TREE, and 344 ppm Th. Significant untested potential exists on the Foster project for basement-hosted, unconformity-related uranium deposits like those further to the north in the Wollaston Domain, like Eagle Point, Rabbit Lake and Key Lake, as well as for additional pegmatite-hosted uranium, thorium, and REE mineralization. The project is drill-ready, with numerous untested and highly prospective targets remaining.

 

   Brassy Project:   

 

The Brassy Project comprises two claims covering 9,896 hectares. The claims are underlain by the Athabasca Group sandstones, with thicknesses ranging from less than 80 metres to just over 200 metres. Several historical and modern EM conductors are present on the property, situated along trend of EM conductors extensively drill tested by SMDC, JNR Resources Inc., and ALX Resources Corp. on the adjacent Newnham property.

 

The Brassy project underwent a variety of geophysical surveys, prospecting, geochemical surveys, and geological mapping between 1969 and 1983, followed by a multi-decade pause in exploration due to poor uranium market conditions. Between 2005 and 2011, improved market conditions led to portions of the Brassy project being covered by modern EM, magnetics, radiometrics, and gravity surveys. However, no modern ground exploration has been conducted to date. The property remains highly prospective for unconformity-related uranium mineralization.

 

   Orr Project:   

 

The Orr project comprises one claim totalling 5,987 ha located in the northern Athabasca Basin, approximately 46 km southeast of the community of Black Lake. The project is underlain by approximately 160 to 320 metres of Athabasca Group sandstones and conglomerates, which overlie the Mudjatik Domain’s metasedimentary and granitoid gneisses. A series of discontinuous east-to-north-east trending EM conductors have been identified on the property, which are locally cross-cut by several NNW-trending regional faults.

 

  Orr Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Orr.jpg   

 

The property has been covered by a variety of airborne and ground geophysics including magnetics, EM, gravity, and radiometric surveys, with the most modern work consisting of airborne MEGATEM flown in 2006 and an airborne gravity survey in 2007 that covered the western portion of the property. To date, only two drill holes have been completed on the property, both located in the northeast corner, intersecting granitic rocks. The property remains prospective for both unconformity-related and basement-hosted uranium mineralization.

 

   Otter Project:   

 

The Otter Project comprises a single mineral claim totalling 4,838 hectares, located in the northern Athabasca Basin approximately 41 kilometres southeast of the community of Black Lake. The property is underlain by Athabasca Group sandstones and conglomerates, which unconformably overlie metasedimentary and granitic gneisses of the Mudjatik Domain.

 

Historical exploration on the Otter Project includes airborne and ground electromagnetic and magnetic surveys, as well as limited prospecting and geochemical sampling. Notably, a 2007 MEGATEM survey identified a zone of strong conductivity, interpreted to represent a graphitic fault zone, which is intersected by a north-northwest trending magnetic dyke. This target area remains untested by drilling. The Otter Project is prospective for both unconformity-related and basement-hosted uranium deposits.

 

  Otter Project Map:  
  https://bmcms1.com/staging/skyharbourltd.com/_resources/images/Sky_Otter.jpg   

 

   Pluto Bay Project:   

 

The Pluto Bay Project consists of four claims covering 13,026 hectares, located approximately 14 km north of the Athabasca Basin, just east of the Snowbird Tectonic Zone. Historical mapping in the 1960’s showed the claims are likely underlain by Archean tonalitic to granitic gneisses, with local Paleoproterozoic amphibolites, metaquartzites, calc-silicates, marbles, and pelitic, psammopelitic, and psammitic gneisses. Minimal exploration work has been undertaken on the property, but historical geophysical survey programs in the southwestern part of the property revealed the presence of EM conductors, which remain untested. The Pluto Bay project is prospective for basement-hosted unconformity-related uranium mineralization. Also, it has the potential to host pegmatite-hosted U-Th-REE mineralization, similar to that at the nearby Charlebois Lake uranium-rich pegmatite.

 

   Riou Project:   

 

Riou consists of 8,620 hectares over six claims in the north-central portion of the Athabasca Basin and is underlain by the Athabasca Group sandstones and conglomerates. The sandstone is estimated to be 200 to 300 metres thick in this area and overlies basement rocks of the Archean-aged Tazin Gneiss Group. The property lies south of a significant east-northeast-trending magnetic lineament, indicative of a significant crustal offset in this area. Several discrete EM conductors totalling nearly 40 kilometres of strike length have been identified on the property, coinciding with magnetic lows and geochemically anomalous boulders. A major swarm of EM conductors is also present in the northwestern extent of the property. Historical exploration on adjacent claims immediately north of the project identified outcrop occurrences ranging from 72 to 375 ppm U, 3 to 7 ppm Th, and up to 8.24% P ₂ O ₅ . These highly anomalous values underscore the prospectivity of the area for uranium exploration.

 

   Bend, Regamble, Hartle, and Compulsion Projects:   

 

The Bend, Hartle, Regamble, and Compulsion projects are a series of early-stage exploration properties located in the eastern Wollaston Domain of northern Saskatchewan, approximately 40 to 70 kilometres east of the Athabasca Basin margin. The Bend Project comprises two claims totalling 9,114 hectares; Compulsion consists of two claims totalling 10,451 hectares; Hartle includes ten claims totalling 52,518 hectares; and Regamble encompasses five claims covering 24,208 hectares.

 

These projects were staked based on historical geological mapping in the area by the Saskatchewan Geological Survey, which showed that the Bend, Hartle, Regamble, and Compulsion projects are underlain by highly prospective Wollaston Group metasedimentary gneisses, including graphitic pelitic gneisses alongside the margins of Archean granitoid-gneiss domes, a prime target location for basement-hosted, unconformity-related uranium deposits in the Athabasca Basin.

 

While the Bend, Hartle, Regamble, and Compulsion projects were the focus of significant uranium and base metal exploration from the 1960’s through the 1980’s, primarily by SMDC (a precursor to Cameco), modern exploration has been limited. More recent work includes partial coverage by XDS-VLF-EM, DIGHEM, and radiometric surveys conducted in 2007 and 2014, which identified EM conductors across several areas of the properties. Historical exploration also encountered anomalous concentrations of copper, graphite, iron, and uranium, particularly in the Hartle Lake and Regamble Lake areas, where highly radioactive basement outcrops were observed. These projects are considered prospective for multiple mineralization styles, including basement-hosted, unconformity-related uranium, pegmatite-hosted U-Th-REE, and sedimentary-hosted Cu-Pb-Zn mineralization.

 

   Pendleton Project:   

 

The Pendleton Project comprises three newly acquired claims totaling 3,890 hectares, located approximately 70 kilometres southeast of Cameco’s Key Lake Operation and 114 kilometres northwest of the community of Southend. The project is situated along the Needle Falls Shear Zone at the intersection of the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by Wollaston Supergroup metasedimentary rocks, including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks associated with the Needle Falls Shear Zone. Additionally, Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex are present on the property.

 

  Pendleton Project Map:  
  https://skyharbourltd.com/_resources/news/Sky_Pendleton_2025_07.jpg   

 

Initial exploration on the Pendleton Project was carried out during the 1970’s and 1980’s and included airborne magnetic, radiometric, and electromagnetic surveys, as well as prospecting and geochemical sampling. More recent exploration activities included an airborne GEOTEM survey in 2004, followed by ground-based prospecting and geochemical sampling. In 2007, a ground HLEM survey was completed, leading to the drilling of a single hole, PL-003. This drill hole intersected faulted and sheared graphitic pelitic gneiss that returned anomalous values in several key pathfinder elements. The Pendleton Project is considered prospective for basement-hosted unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE and sedimentary-hosted Cu-Pb-Zn mineralization.

 

  Marketing Agreement with Outside the Box Capital:  

 

Skyharbour also announced that it has entered into a marketing contract with Toronto-based marketing firm, Outside The Box Capital Inc. (‘OTBC’). OTBC specializes in various social media platforms and digital marketing strategies, and will be able to facilitate greater awareness and widespread dissemination of the Company’s news. In accordance with the agreement, services are set to commence on August 5 ^th , 2025, and run for a term of four months, in consideration of the Company paying OTBC an up-front cash fee of CAD $100,000 plus applicable taxes. OTBC owns no securities of the Company as of the date hereof and is arm’s length to the Company. The engagement of OTBC remains subject to TSX Venture Exchange approval.

 

  Qualified Person:  

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

 

  About Skyharbour Resources Ltd.:  

 

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-seven projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

 

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.

 

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

 

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

 

  Skyharbour’s Uranium Project Map in the Athabasca Basin:  
  https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.jpg   

 

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at   www.skyharbourltd.com   .

 

 Skyharbour Resources Ltd. 

 

‘Jordan Trimble’
  
Jordan Trimble
President and CEO

 

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd. 
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email:   info@skyharbourltd.com   

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

 

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at   www.sedar.com   for further information.

 

 

 

 

   

 

 

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA’s team has completed the 4 km access trail along the core of the Trapper zone providing necessary access for future drill programs and exploration activities. The access trail is located to run along the surface trend of extensive outcropping and sub-cropping oxide layers. In addition, a 25-tonne excavator from Gladiator drilling has opened 3 trenches across the two significant aeromagnetic anomalies of the Trapper zone, exposing a total of 504m 2 (5,425ft 2 ) of semi-massive to massive vanadiferous titanomagnetite (‘VTM’) mineralization.

 

 

 

   Figure     1     :    Radar Pro   ject’s Trapper Zone depicting two aeromagnetic anomalies and the trend of the inferred oxide layering. The Trapper trail will support a new diamond drilling program.   SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.

 

With a large oxide layering thickness, a near-monomineralic Vanadiferous Titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.

 

 

 

   Figure 2:    Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

 

  2025 Summer Field Program – Road Maintenance, Trail Access, Trenching and Geophysics  

 

The 2025 summer field program marked a critical phase in advancing the exploration efficiency and cost-effectiveness of future drill programs and exploration activities in the western portion of the property, including the highly prospective Trapper zone. Key components of this program include:

 

1. Maintenance of the forestry road

 

2. Construction of the drill rig compatible access trail across the Trapper zone

 

3. Trenching in the Trapper and Hawkeye zones

 

4. Ground-based magnetometer surveys over the two major anomalies in the Trapper zone

 

1.   Forestry Road Maintenance:  

 

The first step for the team was to perform maintenance on the Cartwright Forest Service road, which had not seen regular clearing for the last few decades. This work included:

 

•   Objective: Clear overgrown sections of the existing forestry road to enable access for trucks and heavy equipment to reach the laydown area. This road is essential for allowing the team proper access to the west of the property claims, and includes an equipment lay-down area and an access trail into the Trapper Zone.

 

•   Work: Brush-cutting and removal with heavy equipment.

 

•   Equipment: Brush-saws, Chain-saws, 6-tonne excavator, 25-tonne excavator.

 

•   Outcome: The 4.2 km of refurbished track now provides reliable access to the lay-down area, enhancing logistical efficiency for the Trapper zone trail building.

 

 

 

   Figure 3.1:    Completed maintenance on the Cartwright Forest Service Road  

 

 

 

   Figure 3.2:    Start of the Trapper Zone Trail, viewed from the lay down along the Cartwright Forest Service Road  

 

2. Trapper Trail Construction:  

 

The next phase of infrastructure development aimed to upgrade the pre-existing snowmobile/ATV trail into a drill rig-compatible trail, which gains access to the heart of the Trapper zone and extends past the two major anomalies. This work included:

 

•   Facilitate Access: Provide direct trail access into the Trapper Zone on the western extent of the 20 km aerial oxide layer of the Dykes River Intrusion, connecting the eastern Hawkeye Zone to the western Trapper Zone.

 

•   Support Drilling Operations: Enable efficient mobilization of diamond drilling equipment to high-priority targets identified through geophysical surveys within the Trapper zone.

 

•   Enhance Cost Efficiency: Reduce logistical costs for future exploration campaigns by leveraging existing infrastructure and minimizing reliance on helicopter support.

 

•   Ensure Sustainability: Minimize environmental impact through strategic trail planning and compliance with Newfoundland and Labrador’s permitting requirements.

 

 

 

   Figure 3.3:    Excavator and work truck located along the Trapper Trail over the northern portion of the oxide layer trend within the Trapper zone.  

 

3. Trapper & Hawkeye Zone Trenching:  

 

The trenches within the Trapper zone were identified as targets due to extremely high readings on the GSM-19 Magnetometer. On numerous occasions, the geophysics team had the GSM-19 Magnetometer Instruments reading well beyond the highest highs of the Hawkeye zone, which reached 74,000 nt.

 

Upon trenching these locations, it was discovered that the presence of semi-massive to massive VTM – oxide layering outcrops were not far from the surface. A total of 504m ² (5,425ft ² ) was trenched across the oxide layering strike in the north and south anomalies of the Trapper zone. Work is ongoing to complete pressure washing of the outcrops, clearing away dirt and debris to better show the structure and mineralogy of these exposures.

 

 

 

   Figure 4.1:    Excavator and Michael Garagan (CGO & Director of SAGA) standing on a VTM oxide layer outcrop in the northern anomaly at the Trapper zone.  

 

 

 

   Figure 4.2:    Semi-massive to Massive VTM oxide layer outcrop in the southern anomaly at the Trapper zone.  

 

4. Trapper Zone Geophysics:  

 

As previously reported, SAGA mobilized two geophysical crews to complete magnetic and VLF-electromagnetic survey coverage across the north and south anomalies within the Trapper Zone.

 

SAGA’s geophysics team has continued to report strong magnetic detection levels over both anomalies, requiring recalibration of the geophysical instruments. The team is excited to report that readings have exceeded the 74,000 nT detected in the Hawkeye zone, with readings recorded as high as 115,498 nT over the northern Trapper zone anomaly and over 113,000 nT over the southern Trapper zone anomaly. In some cases, the instruments reached the maximum level of detection (120,000 nt).

 

 

 

   Figure 5:    Reading off of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.  

 

SAGA’s geophysics team is working to complete the remaining lines over the coming days and will be the subject of a future new release in the near term.

 

  Michael Garagan, CGO & Director of SAGA stated:   ‘This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m. SAGA’s plans and objectives over the next 12-month are to complete a 10,000-15,000-meter drill program, setting the stage for the completion of a maiden resource calculation. A project like this, with homogenous geochemistry and large oxide layers, can move towards a resource calculation with 100 m drill spacing over the 2.5 km stretch of the entire oxide layering strike that runs continuously through the Trapper zone.’  

 

  Qualified Person  

 

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

 

  About Saga Metals Corp.  

 

 Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

 

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U ₃ O ₈ and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

 

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

 

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

 

  On Behalf of the Board of Directors  

 

  Mike Stier, Chief Executive Officer  

 

For more information, contact:

 

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

 

  Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

 

  Cautionary Disclaimer  

 

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Photos accompanying this announcement are available at:

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e8128200-d3b7-48da-aee0-484bad883fca  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8d3aa5-99b1-4eba-ab0c-616ac8aa84eb  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/26751ee2-942d-431f-8bf1-c64df78353de  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/fdf6776f-80be-4a01-b78b-1dcc786d5051  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/66c2fa8f-6518-4aed-988f-09d98f483a25  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ff730b-9a14-4cad-843f-696bcf80efad  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/63807f35-1f7c-4a3c-b3c7-6fa0df9d0d83  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/42529e33-6d14-4c03-bfc4-9ec7030a7fc6  

 

   

 

 

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