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SAGA Metals Executes Title Transfer Agreement to Expand Wolverine Heavy Rare Earth Element Project in Labrador-Grab Sample Assays Included up to 21.6% TREO
VANCOUVER, British Columbia, April 16, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or t...
About this update from Saga Metals Corp.
[{"type":"text","content":"SAGA Metals Executes Title Transfer Agreement to Expand Wolverine Heavy Rare Earth Element Project in Labrador—Grab Sample Assays Included up to 21.6% TREO\nVANCOUVER, British Columbia, April 16, 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 the expansion of the previously announced Wolverine REE Project through the execution of a title transfer agreement to acquire a 100% interest in three (3) contiguous mineral licenses comprising 54 mineral claims totalling approximately 1,350 hectares in Labrador (the “Property”). In addition, the Company staked 202 mineral claims within one (1) license to form a contiguous land package totaling approximately 29,450 hectares. Wolverine REE Project Expansion Highlights: Seven (7) identified REE-bearing showings hosted in peralkaline pegmatites, documented through 39 surface grab samples.Certified laboratory assays from two independent accredited laboratories (Eastern Analytical Ltd. and AGAT Laboratories) confirm REE enrichment across multiple samples including: Show 6, sample 11266: Ce @ 82,600 ppm, Nd @ 34,300 ppm, La @ 33,500 ppm, Tb @ 572 ppm, Dy @ 2,980 and Y @ 8,060 — all REE elements fully resolved with no detection limits exceeded, 21.6% TREO (AGAT certificate 21T755642)Show 6, sample 11265: Ce exceeding laboratory detection limit of 50,000 ppm and Nd exceeding detection limit of 10,000 ppm, Tb @ 606 ppm, Dy @ 3,550 ppm and Y @ 12,896 ppm confirming the presence of extreme REE enrichment; actual values are higher than reported, TREO >15.35% (Eastern Analytical certificate 131-1305837)Show 6, sample 11267: Ce exceeding laboratory detection limit of 50,000 ppm and Nd exceeding detection limit of 10,000 ppm, Tb @ 473 ppm, Dy 2,570 ppm, and Y 8,464 ppm confirming the presence of extreme REE enrichment; actual values are higher than reported, TREO >15.28% (Eastern Analytical certificate 131-1305837)Show 6, additional grab samples: 1.1% to 4.8% TREO (Eastern certificate 131-1613459)Shows 1, 4, and 7: grab samples returning up to 1.9% TREO from certified analyses Complementary mineralization style to overall property boundary — pegmatite-hosted high-grade REE potential alongside Wo...