SAGA Metals Corp (SAGA) Financials
TSXV: SAGA · Titanium, REE, Uranium · Exploration stage
- Market cap$40.0M
- Share price$0.370
- 52-week range$0.290 – $0.980
- Shares outstanding108,208,311
- ExchangeTSXV
- Websitewww.sagametals.com
SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The 100% owned Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 24,641 m of drilling in the Hawkeye and Trapper zones, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with consistently uniform grades of titanium, vanadium and iron. The 100% owned Wolverine Heavy Rare Earth Element Project in Labrador, is a near-surface REE system hosted within a peralkaline caldera complex that shares strong geological similarities with the Tanbreez and Strange Lake deposits. Historic drilling identified consistent mineralization with assays up to 23% TREO including approximately 28% HREO and grab sample assays up to 21.6% TREO. Large scale potential is supported by 26 km 2 of exposed mineralization tuff at surface with about 5% of the prospective unit drilled to date. The 100% owned Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics that highlight an 18 km east-west trend, with a confirmed 14 km section producing samples as high as 0.428% U 3 O 8. (2024 Double Mer Technical Report). Additionally, SAGA owns the Legacy Lithium Project in Quebec's Eeyou Istchee James Bay region. This project spans 72,701 hectares and has geological attributes similar to nearby terrains currently being explored by Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals. With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in securing critical minerals.
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SAGA Metals Corp financial statements
Key figures read from 7 of 7 financial statement filings, Nov 28, 2024 to Mar 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jul 2025 | Jul 2024 | Jul 2023 | |
|---|---|---|---|
| Cash and equivalents | C$989,047 | C$784,365 | C$1,236,341 |
| Total current assets | C$1,521,897 | C$899,801 | C$1,236,380 |
| Exploration and evaluation assets | C$4,951,554 | C$2,440,398 | C$368,544 |
| Property, plant and equipment | C$103,599 | C$28,425 | C$29,561 |
| Total assets | C$6,577,050 | C$3,368,624 | C$1,634,485 |
| Total liabilities | C$899,956 | C$502,086 | C$92,975 |
| Shareholders' equity | C$5,677,094 | C$2,866,538 | C$1,541,510 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jan 2023 | |
|---|---|---|---|
| Exploration and evaluation expense | C$280,422 | C$31,090 | C$42,363 |
| General and administrative | C$490,622 | C$303,089 | C$73,656 |
| Share-based compensation | C$311,148 | C$225,000 | C$0 |
| Net income (loss) | (C$2,421,990) | (C$1,174,272) | (C$211,358) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jan 2023 | |
|---|---|---|---|
| Operating cash flow | (C$3,238,094) | (C$734,814) | (C$107,634) |
| Investing cash flow | (C$2,066,443) | (C$80,096) | (C$313,078) |
| Financing cash flow | C$5,509,219 | C$362,934 | C$1,657,053 |
| Exploration spending (capitalized) | (C$1,873,541) | (C$472,771) | C$0 |
| Proceeds from share issues | C$4,876,719 | (C$13,000) | C$1,357,053 |
| Change in cash | C$204,682 | (C$451,976) | C$1,236,341 |
| Cash at end of period | C$989,047 | C$784,365 | C$1,236,341 |
No financings are on record for SAGA Metals Corp yet.