SAGA Metals Announces First Tranche Closing

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VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (the “Company” or “SAGA”) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that it has closed a first tranche (the “First Tranche”) of its non-brokered private placement announced on May 2, 2025 (the “Offering”) for gross proceeds of $1,239,700.10. The Company has also received a 30-day extension to close the Offering from the TSX Venture Exchange, and accordingly expects to close the final tranche of the Offering on or before June 25, 2025.

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