SAGA Metals Announces Completion of Warrant Acceleration Program
VANCOUVER, British Columbia – SAGA Metals Corp., a North American exploration company focused on critical mineral discoveries, has successfully concluded its Warrant Acceleration Program. The company reported receiving C$3,422,888 in proceeds from warrant exercises since January 1, 2026, marking a significant financial milestone.
Financial Details and Program Execution
The Warrant Acceleration Program involved warrants issued in connection with two separate financings. The May 2025 financing resulted in the issuance of 6,637,667 warrants and 163,146 finder's warrants, while the October 2025 financing generated 555,750 finder's warrants. Collectively, these financial instruments were subject to the acceleration program.
Since the beginning of 2026, SAGA Metals has seen the exercise of 6,755,142 warrants through this initiative. Each warrant entitled the holder to purchase one common share of the company at a price of $0.50 per share for a 24-month period from the original issue date.
Pursuant to the terms of the warrants, the company accelerated the expiry date on the TSX Venture Exchange on January 22, 2026. The acceleration period officially concluded at 4:00 p.m. Vancouver time on February 21, 2026. Any warrants remaining unexercised after this accelerated expiry date have now expired and are no longer valid.
Leadership Perspective on Financial Strengthening
Mike Stier, CEO and Director of SAGA Metals, expressed gratitude to shareholders who participated in the warrant exercise during the acceleration period. "We are thrilled to announce the success of this program bringing in $3,422,888 CDN in additional funding to the Company from the Acceleration as well as other in the money warrants," Stier stated.
"This influx of cash builds directly on the successful $9 Million CDN raised in Q4 2025, further bolstering our treasury and positioning the Company in the strongest financial position in its history," he continued. "With additional cash secured and drilling well underway to start 2026 we continue to execute our strategy and deliver significant and sustainable value to our shareholders."
About the Radar Critical Mineral Property
SAGA Metals' exploration activities center on the Radar Property in Labrador, which spans an impressive 24,175 hectares. This property encompasses the entire Dykes River intrusive complex, covering approximately 160 square kilometers. This positioning provides the company with a unique advantage among Western explorers in the region.
Extensive geological work has already been conducted on the property, including mapping, geophysical surveys, and trenching. These investigations have confirmed oxide layering across more than 20 kilometers of strike length, with mineralization showing potential for further expansion. The property benefits from established road access and proximity to the town of Cartwright, Labrador.
The company's 2025 drill programs targeted areas identified through comprehensive analysis of magnetic anomalies and oxide layering patterns. Historical aeromagnetic data has been integrated with ground-based geophysical surveys to create detailed exploration models guiding current operations.
Strategic Positioning for Future Growth
The successful completion of the Warrant Acceleration Program represents a strategic financial achievement for SAGA Metals. The additional C$3.4 million in funding enhances the company's ability to advance its exploration programs while maintaining a robust treasury. This financial strengthening comes at a crucial time as the company continues its drilling operations into 2026.
With a focus on critical mineral discoveries, SAGA Metals is positioned to capitalize on growing demand for these essential resources. The company's approach combines thorough geological analysis with strategic financial management, creating a foundation for potential long-term value creation for shareholders.
