SAGA Metals Announces Warrant Expiry Acceleration and Financial Update
SAGA Metals Corp., a North American exploration company focused on critical mineral discoveries, has made a significant financial announcement regarding its outstanding warrants. The company has elected to accelerate the expiry of common share purchase warrants issued in connection with two previous financings, a move that is expected to bring substantial additional capital into its treasury.
Financial Details and Warrant Structure
The warrants in question were issued through two separate financing rounds. The first, referred to as the May Financing, closed in two tranches on May 23 and July 31, 2025, resulting in the issuance of 6,637,667 warrants along with 163,146 finder's warrants. The second round, known as the October Financing, closed on October 10, 2025, and involved the issuance of 555,750 finder's warrants. Collectively, these instruments are known as the Warrants.
According to the terms of these Warrants, the company retains the right to accelerate their expiry date under specific conditions. This acceleration is triggered when the closing price of SAGA's common shares on the TSX Venture Exchange equals or exceeds C$0.75 for 10 consecutive trading days. This condition has been met, with the price maintaining this threshold through the trading period ending January 22, 2026.
Acceleration Timeline and Implications
As a result of meeting the acceleration criteria, SAGA Metals has officially provided notice of the Acceleration Period. The company is exercising its right to accelerate the expiry of all Warrants issued under both financings to 4:00 p.m. (Vancouver time) on February 21, 2026. This date is now designated as the Accelerated Expiry Date.
Any Warrants that remain unexercised after this deadline will expire and become void. This creates a clear timeline for warrant holders to take action if they wish to exercise their options before they lose value.
Financial Impact and Company Commentary
The acceleration of these warrants is expected to generate approximately $3.6 million in additional funding from warrant exercises. This influx of capital builds upon the successful $9 million raised in Q4 2025, creating a substantial financial foundation for the company's operations.
Since the beginning of 2026, SAGA has already received over $675,000 from warrant exercises, demonstrating ongoing investor confidence and participation. This recent activity contributes to what company leadership describes as the strongest financial position in SAGA's history.
Mike Stier, CEO & Director of SAGA Metals, commented on the development: "We are thrilled to accelerate the expiry of these warrants, which calls in approximately $3.6 million in additional funding from warrant exercises. This influx builds directly on the successful $9 million raised in Q4 2025, and over $675,000 brought in from warrant exercises since the start of the year, further bolstering our treasury and positioning the Company in the strongest financial position in its history."
Stier continued: "With a robust cash runway secured and major catalysts on the horizon throughout 2026—including key exploration results, project advancements, and potential partnerships—we are well-equipped to execute our strategy and deliver significant value to shareholders."
Regulatory Considerations and Project Context
It's important to note that the securities offered through the financings have not been registered under the United States Securities Act of 1933 or any U.S. state securities laws. These securities cannot be offered or sold in the United States or to U.S. persons without proper registration or applicable exemptions.
This financial development occurs alongside SAGA's ongoing exploration activities. The company has reported validation of the Radar Project's prospective oxide layering zone over approximately 16 kilometers of strike length through drilling completed in Fall 2025. This work builds on geophysical surveys conducted in the Hawkeye and Trapper zones during the 2024/2025 field programs.
SAGA has demonstrated the reliability of regional airborne magnetic surveys through ground-truthing and drilling conducted in both 2024 and 2025 field programs, providing technical validation to complement their financial strengthening.
