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SAGA Metals Acquires Strategic Titanium Assets from Rio Tinto in Quebec
VANCOUVER, British Columbia, March 26, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or t...
About this update from Saga Metals Corp.
[{"type":"text","content":"SAGA Metals Acquires Strategic Titanium Assets from Rio Tinto in QuebecThe Garneau Titanium Project Features Ilmenite-Rich Boulder with Grab-Sample Assays of 65.1% Fe₂O₃, 32.4% TiO₂, and 2,260 ppm Vanadium\nVANCOUVER, British Columbia, March 26, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (\"SAGA\" or the \"Company\") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to announce that it has completed the acquisition (the “Acquisition”) from Rio Tinto Exploration Canada Inc (“RTEC”) of a 100% interest in the Garneau project (the “Garneau Project”) comprised of 120 claims covering 6,450.54 hectares located near Havre-Sainte-Pierre, Quebec. RTEC is a Canadian subsidiary of the Rio Tinto Group (“Rio Tinto”) (NYSE: RIO, LSE: RIO, ASX: RIO). Garneau Project Highlights The Garneau Project is located approximately 120 km north of deep-sea port of Havre-Saint-Pierre and 80 km north of Rio Tinto’s Lac Tio ilmenite mining operation.Rio Tinto’s work at Garneau advanced the property from conceptual targeting to a defined, soon drill-ready geophysical anomaly.The combination of scale, geological setting, and confirmed high-grade ilmenite float grab sample returning 32.4% TiO2 established the project as a credible analogue to known Fe–Ti deposits in the district.Recently completed Hydro-Québec access road, located within 4.5 km of the project, has significantly improved regional access and logistics. Michael Garagan, CGO & Director of SAGA Metals commented: “The acquisition of the Garneau Project from Rio Tinto marks a significant strategic advancement for SAGA Metals. We have secured a highly prospective titanium asset in Quebec’s premier ilmenite district, located in the same anorthosite complex as Rio Tinto’s world-class Lac Tio operation. The geophysical signature on the Garneau property represents a clear target for further exploration. Not only does the geophysical signature display a basin-like morphology directly comparable to Lac Tio, but a massive, ilmenite-rich boulder returning a sample of 32.4% TiO₂ is a very encouraging start to the project. We are equally excited by the major infrastructure advantages now in place, incl...