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Saga Metals Corp. ( (TSE:SAGA) ) has shared an update.
Saga Metals Corp. has successfully closed an oversubscribed brokered LIFE offering, raising C$6 million in gross proceeds. This funding will support the company’s 2026 drill program at the Radar Project in Labrador, Canada, and is seen as a strong market endorsement of Saga’s strategy and assets. The proceeds will be used for exploration and corporate purposes, with a focus on delivering a maiden mineral resource estimate. The offering included both common and flow-through units, with Red Cloud Securities acting as the sole agent and bookrunner.
More about Saga Metals Corp.
Saga Metals Corp. is a North American exploration company focused on advancing critical mineral discoveries. The company is involved in exploring properties in Labrador, Canada, and aims to deliver high-impact mineral resource estimates.
Average Trading Volume: 203,369
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$24.33M
For a thorough assessment of SAGA stock, go to TipRanks’ Stock Analysis page.