03:51 PM EDT, 07/30/2025 (MT Newswires) -- Saga Metals ( SAGMF ) shares were last seen up over 12% after the company on Wednesday said it completed infrastructure ahead of a drilling program at its Radar titanium project in Labrador.

The infrastructure improvements include over four kilometers of forestry road cleared and upgraded with a compatible drill-rig access traill built through the core of the Trapper Zone. After that, three trenches were excavated across high-priority aeromagnetic anomalies that exposed 504 square meters of semi-massive vanadiferous titanomagnetite mineralization (VTM).

"This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m," chief geological officer Michael Garagan said.

The company's shares were last seen up $0.03 to $0.27 on the TSX Venture

Price: 0.27, Change: +0.03, Percent Change: +12.50