Saga Metals Joins Canadian Chamber of Commerce and Critical Minerals Council to Shape Federal Policy

Saga Metals has joined the Canadian Chamber of Commerce and its Critical Minerals Council, the company said on November 6, 2026, placing the Labrador explorer inside Canada's largest federal business advocacy network. Stock Titan carried the announcement.

What the Chamber Membership Gives Saga Metals

The Critical Minerals Council, established in 2022, brings together leaders from across the critical minerals value chain to advance policy recommendations on investment, permitting, trade and secure domestic supply chains. Membership gives Saga Metals access to policymakers, industry peers and national-level strategic dialogues.

The company said the membership covers issues relevant to its portfolio of titanium, vanadium, iron, rare earth elements, lithium and uranium. Mike Stier, Saga's chief executive, framed the move as a deliberate step as Canada sharpens its focus on critical minerals and energy security.

"Under Prime Minister Carney's leadership, we are seeing meaningful commitments to clean energy and infrastructure in Labrador that directly support the long-term potential of projects like Radar," Stier said. "Being part of these national forums gives SAGA a seat at the table as policy is shaped and allows us to contribute to building secure, domestic supply chains."

The announcement ties to Saga's August 27, 2026, news release on federal and provincial clean energy and infrastructure investments in Labrador, including clean power expansion, transmission upgrades and transportation infrastructure. Saga said the membership supports its technical work, resource definition and stakeholder engagement.

Saga Metals' Funding and Project Scale

Saga Metals closed an oversubscribed non-brokered private placement of approximately C$10.2 million in May 2026 to fund exploration across the Radar, Double Mer, North Wind and Wolverine projects, according to akta.pro company records. The same records list five funding rounds on file, including a $7.5 million post-IPO equity round in April 2026.

The records describe six 100%-owned properties in North America. The Radar Ti-V-Fe Project covers 24,175 hectares and encloses the Dykes River intrusive complex near Cartwright, Labrador, while the Double Mer Uranium Project covers 25,600 hectares across 1,024 claims.

Earlier Steps Toward National Industry Groups

Saga Metals was approved in August 2026 as a member of the Defense Industrial Base Consortium, a U.S. Department of Defense-supported initiative managed by Advanced Technology International, Stock Titan reported. In April 2026, the company signed a definitive share purchase agreement to acquire all outstanding shares of Catalyst Rare Metals Ltd., which holds 100% interest in the Wolverine rare earths project in Labrador, with initial consideration of 4,250,000 Saga shares and $1 million cash, according to akta.pro records.

Saga also released a corporate video covering its projects and strategy, including the Radar project, available on its website. Dr. A. Miller, P. Geo., PEGNL, is the independent qualified person under National Instrument 43-101 who reviewed and approved the technical information in the release.