09:48 AM EST, 01/29/2026 (MT Newswires) -- Saga Metals ( SAGMF ) was at last look up more than 2% early on Thursday as it started the 2026 phase of its maiden Mineral Resource Estimate (MRE) drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron project in Labrador, Canada.

The company said drilling resumed following the successful return of the Saga technical team and Gladiator Drilling crew to the project site near Cartwright. It said the next phase of drilling will focus on expanding and confirming the extensive oxide zones identified in prior drilling.

"Technical teams returned last week and were diligent in completing a full assay core review of all returned sampling; correlating anomalies to observed lithology and structures and prepping trails and drill pads," said Saga Metals ( SAGMF ) Chief Geological Officer and Director Michael Garagan. "Gladiator Drilling arrived on site shortly thereafter and made quick work of the set up on the Eastern anomaly of Trapper South where drilling has commenced."

Shares of the company were last seen up $0.04 or 4.5% at $0.92 on the TSX Venture Exchange.

Price: 0.90, Change: +0.02, Percent Change: +2.27