08:01 AM EST, 02/06/2026 (MT Newswires) -- Saga Metals ( SAGMF ) on Friday welcomed the U.S. government's initiative to build a strategic stockpile of critical and raw materials.

Project Vault establishes the U.S. Strategic Critical Minerals Reserve as an independently governed public-private partnership, with the Export-Import Bank of the U.S. approving a direct loan of up to US$10 billion to support the stockpile.

Saga Metals ( SAGMF ) is developing the Radar titanium-vanadium-iron project in Labrador.

"The U.S. government's focus on critical mineral stockpiling reinforces the strategic importance of secure, allied sources of materials such as titanium-particularly for North American national security and defense-related supply chains," chief executive officer and director Mike Stier said.

"Saga Metals ( SAGMF ) continues to advance its portfolio with a focus on critical minerals that support supply-chain security, advanced manufacturing, and future-facing technologies," Stier added.