SAGA Metals Signs Definitive Agreement to Acquire Wolverine Heavy Rare Earth Element Project in Labrador-Mineralized Potential Similar to Strange Lake and Tanbreez

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[{"type":"text","content":"SAGA Metals Signs Definitive Agreement to Acquire Wolverine Heavy Rare Earth Element Project in Labrador—Mineralized Potential Similar to Strange Lake and Tanbreez\nVANCOUVER, British Columbia, April 14, 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 entered into a share purchase agreement dated April 13, 2026 (the “SPA”) with Catalyst Rare Metals Ltd. (“Catalyst”) and each of the shareholders thereof (collectively, the “Vendors”), pursuant to which SAGA will acquire all of the issued and outstanding shares of Catalyst, which itself holds a 100% interest in the Wolverine rare earth element (“REE”) project (the “Wolverine REE Project”), a royalty-free, heavy rare earth project located near the coast of central Labrador, Canada (the “Acquisition”). Wolverine REE Project Highlights: 2025 reverse circulation (“RC”) drilling confirmed broad, near-surface REE mineralization across a 1.7 km × 1.2 km area hosted within a significant peralkaline caldera system.537 samples from the 2025 program returned consistent mineralization, supporting strong continuity across the drilled footprint. Key intercepts include: WOLRC25-003: 48.8 m @ 0.77% total rare earth oxides (“TREO”) from 1.5 m, including 18.3 m @ 1.06% TREOWOLRC25-006: 38.1 m @ 0.71% TREO from surface, including 4.6 m @ 1.53% TREOWOLRC25-002: 51.8 m @ 0.52% TREO from surface, including 33.5 m @ 0.67% TREO Peak assays reached 2.03% TREO, with an average heavy rare earth oxides (“HREO”) contribution of 28%, highlighting strong heavy rare earth enrichment.Mineralization remains open and under-explored, with >1% TREO enriched zones identifiedLarge-scale potential is supported by 26 km² of exposed mineralized tuff at surface, 25–50 m thickness, and less than 10% of the prospective unit drilled to date.Wolverine sits in a peralkaline intrusive complex within the same geological province as globally significant REE deposits including Tanbreez and Strange Lake.The project’s combination of district scale potential, HREE enrichment, near-surface mineralization,...

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