SAGA Metals Acquires 100% of Wolverine Heavy Rare Earth Project in Canada

Published: Apr 20, 2026 15:12

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[SMM Rare Earth News Brief] SAGA Metals announced the signing of a definitive agreement to acquire 100% interest in the Wolverine heavy rare earth project, located in central Labrador, Canada, covering a total area of approximately 230.5 square kilometers. Reverse circulation drilling at the project intersected broad near-surface rare earth mineralization across a 1.7 × 1.2 kilometer area, with peak total rare earth oxide grades exceeding 2% and heavy rare earth oxides contributing an average of 28%. This acquisition gives the company full ownership of titanium, uranium, vanadium, lithium, and heavy rare earth assets in a Tier 1 jurisdiction in North America.

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