Saga Metals (TSXV: SAGA | OTC: SAGMF) has just made its titanium story bigger. On March 26, the company announced it completed the acquisition of a 100% interest in the Garneau Project from Rio Tinto Exploration Canada, adding 120 claims covering 6,450.54 hectares near Havre-Saint-Pierre, Quebec. The move gives Saga a second titanium-focused growth platform and shifts the spotlight from a single-project Labrador story to a broader Quebec-plus-Labrador critical-minerals buildout.
Market Performance
The stock is already showing fresh momentum. On March 25, 2026, Saga’s U.S. listing, SAGMF, closed at US$0.3899, up 13.13% on the session. In Canada, the primary listing, SAGA, closed at C$0.53, up 12.77%. At those levels, the company still sits in microcap territory, with OTC Markets listing a U.S. market cap of about US$33.94 million and TMX listing a Canadian market cap of about C$42.47 million.
The Rio Tinto Deal
Garneau is not just another early-stage land package. According to Saga’s March 26 release, Rio Tinto had already advanced the property from conceptual targeting to a defined, soon drill-ready geophysical anomaly. The project sits roughly 120 kilometers north of the deep-sea port of Havre-Saint-Pierre and about 80 kilometers north of Rio Tinto’s Lac Tio ilmenite operation, placing it squarely inside one of Quebec’s best-known titanium districts. Saga is stepping into a project with geological scale, regional infrastructure, and a clear exploration target already outlined.
Garneau Arrives With Hard Numbers
The headline data from Garneau gives the acquisition real punch. Rio Tinto’s prior work defined a large ovoid-shaped magnetic anomaly measuring about 4.5 kilometers by 7.5 kilometers, and follow-up work identified a massive ilmenite-rich boulder grading 65.1% Fe₂O₃, 32.4% TiO₂, and 2,260 ppm vanadium. Saga is also inheriting a project with stronger access than many remote exploration stories, with a recently completed Hydro-Québec access road located within 4.5 kilometers of the property. The combination of location, scale, and strong titanium-iron-vanadium values gives Garneau the kind of profile that can quickly become a major talking point for the company.
Radar Still Supplies the Momentum
The new Quebec acquisition lands on top of an already active Radar story in Labrador. Saga’s March 18 update reported additional 2026 drill results from Trapper South, including 70.3 meters at 42.64% Fe₂O₃, 5.66% TiO₂, and 0.288% V₂O₅, 45.7 meters at 49.51% Fe₂O₃, 6.56% TiO₂, and 0.374% V₂O₅, and 40.7 meters at 37.62% Fe₂O₃, 4.93% TiO₂, and 0.239% V₂O₅. Saga says it has now confirmed mineralization in 36 of 36 drill holes, completed 4,492 meters of drilling in 2026 through R-0036, and reached 6,542 total meters in the maiden resource drill program. Radar also spans 24,175 hectares, encloses the full Dykes River intrusive complex across about 160 square kilometers, and has already confirmed oxide layering across more than 20 kilometers of strike.
A Larger Titanium Platform Is Taking Shape
That is what makes the Garneau acquisition so important. Saga is no longer just advancing one promising titanium-vanadium-iron system in Labrador. It is now assembling a broader titanium portfolio anchored by an active drill story at Radar and a new Quebec project sourced directly from Rio Tinto’s exploration pipeline in the Havre-Saint-Pierre district. One asset is producing steady drill results and moving toward a maiden resource. The other arrives with a drill-ready geophysical target, strong sample grades, and proximity to a world-class titanium mining camp.
Bottom Line
Saga Metals has turned a strong exploration story into a broader titanium growth story. Radar keeps delivering continuity, scale, and active news flow in Labrador, while the Garneau acquisition adds a fresh Quebec catalyst with Rio Tinto pedigree, district-scale potential, and clear drill-target appeal. With both listings still carrying a microcap valuation, Saga is building the kind of critical-minerals profile that can attract a lot more market attention from here.
Click Here for Updates on SAGMF – It’s 100% FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment. DEXWireNews has been compensated twenty thousand dollars electronically via bank wire by a third party for an advertising / marketing campaign for Saga Metals (TSXV: SAGA | OTC: SAGMF) beginning on 3/25/2026 and ending on 6/25/2026. We may receive additional campaigns in the future directly from the company or by a third party to distribute media for Saga Metals (TSXV: SAGA | OTC: SAGMF). Please read our Full Disclaimer: https://dexwirenews.com/disclaimer/
