11:39 AM EDT, 07/08/2025 (MT Newswires) -- Saga Metals ( SAGMF ) shares were last seen up 5.7% after the company on Tuesday said its geophysics team confirmed "significant" oxide mineralization in the northwest section of its Radar Titanium Property in Labrador.

The company highlighted analytical results for all seven diamond drill holes from its Radar Ti-V-Fe project 2025 winter drill program. These assays, combined with petrographic analysis, confirm that the primary economic mineral is vanadiferous titanomagnetite, favorable for simplified metallurgical processing.

"Our current priority is a follow up drill campaign in the Trapper zone; however, this geophysical survey gave us our first glimpse of oxide layering towards the north and we'll be working to confirm if this is a separate oxide zone or the continuation of the same trend highlighting the possibility that this is either a very large lopolith structure or near complete circular aerial expression," said Chief Geological Officer Michael Garagan.

Shares of the company were last seen up $0.015 to $0.28 on the TSX Venture Exchange.

Price: 0.28, Change: +0.02, Percent Change: +5.66