Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’), is pleased to announce that it has acquired by low-cost staking 40 new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 614,353 ha (1,518,099 acres) across 36 projects. These new 100% owned claims add 62,690 ha to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore projects, these new claims will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance these assets.

Skyharbour’s New Uranium Project Portfolio Map:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v2.jpg ‎

List of New Claims:

• Foster Project – 11 additional contiguous claims totalling 14,890 ha

• Horton Project – 3 new claims totalling 2,992 ha

• Lynx Project – 2 new claims totalling 5,345 ha

• Snowbird Project– 16 new claims totalling 29,712 ha

• Pendleton Project – 3 new claims totalling 3,890 ha

• Spence Project – 3 new claims totalling 2,419 ha

• Orr Project – 1 new claim totalling 5,987 ha

• Otter Project – 1 new claim totalling 4,838 ha

Summary of Recently Staked Properties:

Foster Project:

The drill-ready Foster property now consists of 26 claims totaling 21,252 hectares approximately 20 km east of Cameco’s Key Lake operation and adjoining the southwestern end of Skyharbour’s Falcon Project, currently optioned out to North Shore Uranium Ltd. The Foster claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss of the Daly Lake Group, accompanied by minor felsic orthogneisses.

Foster Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Foster.jpg ‎

Skyharbour has acquired these claims both through staking and the acquisition of additional claims from Eagle Plains. The claims acquired from Eagle Plains host geology are favourable for uranium and REE mineralization, with two significant mineralized areas, including the Great Plains Showing and the Red October Zone. There are numerous untested coincident geochemical and geophysical anomalies, many of which are drill-ready, with significant encouraging exploration to date for pegmatite- and fault-hosted uranium mineralization. Exploration in the Eagle Lake area at these claims between 1969 and the early 1980s resulted in the discovery of the Great Plains Showing. Exploration programs, including diamond-drilling, intersected intense alteration and shearing and high Radon-222 values. Notably, pitchblende mineralization was discovered in veins associated with fault structures. However, despite recommendations for a comprehensive follow-up program, further work was never carried out due to changing uranium market fundamentals. Another mineralized zone, the Red October Zone, was discovered in 2008 by Eagle Plains and consists of a 400 m intermittent uranium and REE-mineralized outcrop within a 1 km coincident soil geochemical and ground magnetic anomaly. In 2012, the Red October Zone was drill-tested, with all six holes encountering anomalous uranium and REEs.

Across the broader property package, prospective graphitic pelitic gneiss packages are exposed at surface. In addition to the two previously mentioned zones, the Foster project contains several other uraniferous occurrences, which often also host elevated REEs and thorium, and with samples collected on the property returning up to 657 ppm U, 6,644 ppm TREE, and 344 ppm Th. Significant untested potential exists on the Foster project for basement-hosted, unconformity-related uranium (‘URU’) deposits, akin to those found further north in the Wollaston Domain (i.e. Eagle Point, Rabbit Lake, Key Lake and others), as well as for additional pegmatite-hosted uranium, thorium, and REE mineralization.

Skyharbour plans to seek a partner company to option and advance the Foster Project as a part of its prospect generator business. Eagle Plains will retain a 2% Net Smelter Return (‘NSR’) royalty, subject to reduction on certain claims by underlying NSR agreements.

Horton Project:

‎ The recently acquired Horton project consists of 3 claims totalling 2,922 ha, located approximately 34 km south of Cameco’s Rabbit Lake Operation, and 40 km southwest of the community of Wollaston Lake. The project lies just outside the Athabasca Basin, and is underlain by prospective Wollaston Supergroup metasedimentary rocks, including pelitic, psammopelitic, and graphitic pelitic gneisses similar to those hosting unconformity-related uranium mineralization at the nearby Eagle Point Deposit (Cameco’s Rabbit Lake operation).

Horton Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Horton.jpg

The project has seen a limited amount of historical exploration with most of the work consisting of airborne and ground geophysical surveys in the late 1960’s and during the 1970’s. The only modern exploration work completed on the property was an airborne VLF-EM and magnetics survey which partially covered the property. One mineral occurrence is noted on the property, the Horton Island U-Th-bearing pegmatite (SMDI 1707). The entire property is prospective for basement-hosted unconformity-related uranium deposits as well as pegmatite-hosted U-Th-REE mineralization.

Lynx Project:

The Lynx property was recently acquired through staking and consists of two new claims totalling 5,345 ha located approximately 54 km south of Cameco’s Rabbit Lake Operation, with Highway 905 running along the eastern edge of the one claim, providing year-round easy access to the property. The project is located within 10 km of the edge of the Athabasca Basin within the Wollaston Domain and is underlain by the highly prospective Wollaston Supergroup metasedimentary rocks, including psammitic to psammopeltic, pelitic, and graphitic pelitic gneisses.

Lynx Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Lynx.jpg

Several airborne and ground geophysical surveys were completed in the area between 1968 and 1979; however, no modern exploration work has been completed on the project. Despite its proximity to regional infrastructure, the project is an early-stage exploration project and remains prospective for basement-hosted URU mineralization.

Snowbird Project:

The Snowbird project consists of 16 new claims totalling 29,712 ha and is located about 35 km south of Cameco’s Centennial Deposit along the Virgin River Shear Zone. The claims are underlain by basement rocks of the Taltson and Mudjatik Domains, including Virgin Schist Group and Careen Lake Group metasedimentary gneisses, catalastites and mylonites of the Virgin River Shear Zone, and felsic gneisses, granitoids, amphibolites, and augen gneisses.

Snowbird Project Map:  
https://www.skyharbourltd.com/_resources/images/SKY_Snowbird.jpg

Several modern airborne geophysical surveys cover portions of the project with prospective EM conductors trending onto the property, but no modern ground geophysical surveys or diamond drilling have occurred on the project. The project is prospective for basement-hosted uranium mineralization, similar to that hosted at Cameco’s Centennial and Dufferin Lake Zones along trend to the north.

Orr Project:

The Orr project consists of one claim totalling 5,987 ha located in the northern Athabasca Basin approximately 46 km southeast of the community of Black Lake. The project is underlain by approximately 160 to 320 m of Athabasca Supergroup sandstones and conglomerates overlying Mudjatik Domain metasedimentary and granitoid gneisses. A series of discontinuous east-to-north-east trending EM conductors have been identified on the property, which are locally cross-cut by several NNW-trending regional faults.

Orr Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Orr.jpg

The property has been covered by a variety of airborne and ground geophysical (including magnetics, EM, gravity, and radiometric surveys, with the most modern work consisting of airborne MEGATEM flown in 2006 and an airborne gravity survey in 2007 that covered the western portion of the property. The only drilling on the property consists of two drill holes, both of which were in the northeast corner of the property and intersected granitic rocks. The property remains prospective for both unconformity- and basement-hosted URU deposits.

Otter Project:

The Otter Project consists of one claim totalling 4,838 ha located in the northern Athabasca Basin approximately 41 km southeast of the community of Black Lake. The project is covered by Athabasca Supergroup sandstones and conglomerates overlying the Mudjatik Domain metasedimentary and granitic gneisses. Exploration work on the property includes airborne and ground EM and magnetics surveys and some prospecting and geochemical sampling. However, no drilling has been conducted on the Otter Project to date.

Otter Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Otter.jpg

A 2007 MEGATEM survey covering the project showed the presence of strongly conductive rocks, potentially indicative of a graphitic fault zone cut by a NNW-trending magnetic dyke underlying the property, which remains untested by drilling. The property is prospective for both unconformity- and basement-hosted URU deposits.

Pendleton:

The Pendleton Project consists of three newly acquired mineral claims totalling 3,890 ha located approximately 70 km southeast of Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton project lies along the Needle Falls Shear Zone in the eastern Wollaston Domain and Western Peter Lake Domain. It is underlain by the Wollaston Supergroup metasedimentary rocks, including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex.

Pendleton Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Pendleton.jpg

The initial exploration work on the project was conducted in the 1970s and 1980s, consisting of airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling. Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting and geochemical sampling. A ground HLEM survey was conducted in 2007, followed by the drilling of a single drill hole, PL-003. This hole intersected faulted and sheared graphitic pelitic gneiss, which was anomalous in several pathfinder elements. The project is prospective for basement-hosted URU deposits as well as pegmatite-hosted U-Th-REE.

Spence:

The recently staked Spence property consists of 3 non-contiguous claims totalling 2,419 ha and is located approximately 75 to 85 km south of Cameco’s Rabbit Lake operation, with Highway 905 located within 1 km of the westernmost claims. The Spence project is underlain by Wollaston Supergroup metasedimentary gneisses, including psammopelitic to pelitic gneisses, graphitic pelitic gneisses adjacent to Archean granitic gneisses in the Eastern Wollaston Domain.

Spence Project Map:  
https://www.skyharbourltd.com/_resources/images/Sky_Spence.jpg

The project has seen significant historical exploration, including airborne EM, magnetics and radiometrics, as well as ground magnetics, EM, IP, and gravity surveys, and prospecting, geological mapping, and geochemical surveying in the 1960s to 1980s, with further exploration carried out in the mid-1990s. The historical exploration was predominantly focused on exploring SEDEX-style Pb-Zn mineralization following the discovery of the historic George Lake Pb-Zn Deposit adjacent to the property. However, the property is also considered highly prospective for unconformity-related uranium mineralization. The most recent work on the property included airborne EM (VTEM and VLF-EM), magnetics, and radiometrics surveys, flown in 2022 and 2023. The project is prospective for both SEDEX-style Pb-Zn and basement-hosted URU mineralization.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour as well as a Qualified Person.

*SMDI refers to the Saskatchewan Mineral Deposits Index and ‘AF’ refers to Saskatchewan Mineral Assessment File.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U ₃ O ₈ over 5.9 metres, including 20.8% U ₃ O ₈ over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $41 million in partner-funded exploration expenditures, over $30 million worth of shares being issued, and over $22 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:  
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’
__________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

(TheNewswire)

Edmonton, Alberta TheNewswire – January 7, 2025 Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces Direct Deposit for USA Customers which enables the ability to deposit paychecks and other third party payments directly to Bitcoin Well.

Effective immediately, Bitcoin Well customers in the USA will have the ability to deposit paychecks or third party payments into their Bitcoin Well account. They can predetermine the percentage they would like converted into bitcoin and sent directly to their personal bitcoin wallets (AKA self custody).

‘Bitcoin Well customers can now be paid directly in bitcoin!’ said Adam O’Brien, founder and CEO of the Company. ‘We are bridging the gap between the capabilities of the existing financial system and our customer’s desire to live on a bitcoin standard. Our mission to enable independence is only possible when bitcoin in self custody is as easy to use as money in your bank. Today, we are one step closer to that reality. Bitcoin Well is the platform for anybody who wants to live on a bitcoin standard.’

Any funds not used to buy bitcoin will be deposited into the customer’s Bitcoin Well Cash account which can be withdrawn to an external bank, or used to buy bitcoin instantly at a later date.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

Copyright (c) 2025 TheNewswire – All rights reserved.

Mawson Finland Limited (‘Mawson’ or the ‘Company’) (TSX-V:MFL) is pleased to announce that Mawson Finland Limited’s 100% owned Finnish subsidiary, Mawson Oy, through which the Rajapalot project is managed, has successfully, and with high marks for performance passed the verification process of Finnish Standard for Sustainable Exploration. The verification process was finalized during December 2024

The mining industry’s sustainability is monitored and developed through the international Towards Sustainable Mining standard (‘TSM‘). The purpose of implementing the standard is to encourage industry to adopt and develop more responsible practices. Responsible Mining and Exploration tools, such as social, environmental and safety responsibility reporting, have been developed in collaboration with the Sustainable Mining Network.

Ms. Noora Ahola, Mawson Finland Chief Executive Officer, states: ‘We are very happy that the results of the verification process confirm what we have worked hard to achieve. We will of course continue to develop and further improve our working methods in all areas of our operations to ensure that we continue to meet the expectations and demands of the surrounding society in the best possible way in the future too. In terms of project development, taking care of ESG will continue to be significant to us and our investors.’

The member companies of the Finnish Mining Association (‘FinnMin‘) are committed to the Finnish Standards for Sustainable Exploration. The Standards were originally prepared in 2016 and updated between 2018 and 2021 and adhere to sustainable operating principles in terms of environmental, social and economic performance. The Standards provide companies instructions for sustainable operations at each stage of exploration and project development. The Standards are also used to assess performance and to verify member companies’ commitment to the general regulations. The Finnish Standards for Sustainable Exploration consist of common operating principles and three assessment tools for Social responsibility, Environment and Safety. These tools cover the entire lifecycle of exploration and project development stage-by-stage.

The Finnish Standards for Sustainable Exploration include principles for the companies to follow at all stages of exploration and project development:

• Operations shall be carried out in a transparent manner;

• The companies shall adhere to best practices in exploration and commit to the continuous improvement of their operations;

• The companies shall minimise any negative impacts of their operations on local communities, the environment and biodiversity;

• The companies shall respect the surrounding community and its culture and ways of life;

• The companies shall engage in active dialogue with their communities of interest and involve these in the development of the principles for sustainable exploration;

• The companies shall not jeopardise health or safety of their employees or local communities;

• The companies shall complete any after-care measures of their exploration activities in a responsible manner.

Sustainability of exploration is assessed annually by means of self-assessment of the Standards for Sustainable Exploration. The result of the self-assessment provides evaluation of the sustainability of operations and guides towards development of operations in the various subareas of exploration and project development sustainability. For each assessment tool, five levels of performance have been determined (C-B-A-AA-AAA). The sustainability of exploration activities, i.e. the level of performance, is defined by the assessment criteria. All companies are expected to comply with the legal and government regulations and requirements described in the self-assessment at level C. Companies on self-assessment levels B-AAA have developed their operations and sustainability to exceed the legal and government regulations and requirements.

Mawson operations were classified to the highest possible AAA levels in ‘Community relationships’ and ‘The Environment’, and to level A, which is well above the Finnish legislative requirements, in ‘Safety’.

Figure 1: Mawson performance levels according to the verification report

The results of the self-assessment of The Standards for Sustainable Exploration are verified by an independent auditor every three years. The verification process has been created to ensure consistent, accurate and transparent self-assessment reporting by the companies committed to the Standards for Sustainable Exploration. The verification process ensures that the level reported by the company is consistent with the conclusion by the verifier. Verification is based on established auditing practices, such as interviews of relevant persons and checking documents. The verifier, at their discretion, may talk to local communities of interest. The Verification report includes at a statement that confirm the verified results.

The summary report of Mawson performance is available at https://kaivosvastuu.fi/en/exploration/2023-mawson-oy/.

About Mawson Finland Limited

Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland, all operations are carried out through the Company’s fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca.

Media and Investor Relations Inquiries

Please contact: Neil MacRae Executive Chairman at neil@mawsonfinland.com or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@mawson.fi or +358 (505) 213-515.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release.

Forward-looking Information

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable securities laws (collectively, ‘forward-looking information’) which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘aims’, ‘may’, ‘could’, ‘would’, ‘will’, ‘must’ or ‘plan’. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company’s quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Mawson Finland Limited

View the original press release on accesswire.com

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the start of mobilization efforts for the Company’s maiden drill programs at both of the 100% owned Double Mer Uranium and Radar Titanium-Vanadium (Ti-V) projects.

Michael Garagan, CGO & Director of Saga Metals Corp. comments: ‘The decision to run back-to-back drill programs and include the Radar Ti-V project is strategic and efficient as we are always looking to maximize our cost-effectiveness and shareholder value. We’ve engaged Gladiator Drilling out of Newfoundland; mobilization to the Double Mer Uranium project brings the contractors through southeastern Labrador and past the Radar project off route 516. Both the drilling and geological teams will be able to drive right into Radar’s Hawkeye zone for an estimated 3-week drill program prior to initiating the Double Mer Uranium drill program. SAGA will be able to enter Q2 with drill results from two projects, setting the stage for a very active 2025 field season.’

Gladiator Drilling Ltd will utilize one heli-portable diamond drill rig with the necessary NQ coring and survey tools to complete SAGA’s maiden drill programs. Drill teams will execute back-to-back day and night shifts with only a short drive from the town of Cartwright, Labrador to the drilling site.

Mobilization efforts have already commenced with the procurement of equipment, fuel, and finalization of personnel. Workers will begin the construction of drill pads and other necessary preparations prior to the full drill crew’s arrival on site.

Drill Permits Received for Double Mer Uranium and Radar Titanium & Vanadium Projects:

The Company has received drill permits from the Newfoundland & Labrador government to commence drilling at the Double Mer Uranium project and Radar Titanium-Vanadium (Ti-V) project. Highlights heading into the drilling programs include:

• Maiden Drill Programs: Drilling is scheduled to commence in Q1 2025 with a minimum 1,500m program at both the Double Mer Uranium and Radar Titanium-Vanadium Projects.
• Double Mer Uranium Drilling Location: This drill program will systematically grid and evaluate the anomalies of the Luivik zone , providing comprehensive data on its uranium potential.
• Double Mer’s Luivik Zone Potential: The westernmost area of the 18km radiometric trend showcases potential for secondary fluid enrichment that can be conducive to uranium mineralization with 300m width and potentially a 1km strike containing samples up to 0.3692% U ₃ O ₈ .
• Radar Ti-V Drilling Location: The Hawkeye zone is the most advanced zone with both surface samples and detailed geophysics creating clear drill targets.
• Radar’s Hawkeye Zone Potential: Assays have returned consistent values between 2.5 – 11.1% TiO2 and 0.2 – 0.66% V2O5 , confirming the presence of high-grade titanium & vanadium across a potential 1km wide and 4km long trend further confirmed with geophysics.

Double Mer Uranium Project – Labrador, Canada

The Double Mer Uranium Project is Saga Metals’ flagship project, covering 1,024 claims across 25,600 hectares in eastern-central Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. Leveraging significant historical exploration data, SAGA’s exploration team validated key data and built upon the Company’s understanding of the project’s uranium potential. This work has refined the understanding of the uranium targets within the zone, specifically supporting the decision to initiate a 1500-2500m drill program at the Luivik zone .

SAGA sees the Double Mer Uranium Project as a promising addition to the significant uranium projects already established in Labrador’s Central Mineral Belt (CMB) , including Paladin Energy’s Michelin and Atha Energy’s CMB discovery. With encouraging surface samples and geophysical data, SAGA believes Double Mer could offer comparable large-tonnage uranium potential.

Figure 1: Regional map of the Double Mer Uranium Project in Labrador, Canada

The Luivik zone has been prioritized for drilling due to its anomalous uranium (U ₃ O ₈ %) geochemistry, along with clear signs of alteration and fluid enrichment. This zone exhibits Iron phase IOCG (Iron Oxide Copper Gold) fluid characteristics, such as high concentrations of smoky quartz and iron carbonate staining, which are indicators of late fluid flow. These characteristics will be carefully monitored as it can have the potential to enrich uraniferous units and mark the highest-grade intercepts. Consistent CPS (counts per second) readings further highlight the Luivik zone’s uranium potential, making it a top target for exploration.

The Luivik zone boasts a width of 300 meters between samples with a cut-off of 0.015% U ₃ O ₈ and anomalous grades over 0.11% U ₃ O ₈ to a high of 0.3692% U ₃ O ₈ in a single sample. The uranium count radiometrics suggest that the anomalous pegmatites which predominantly hosts the Luivik zone may extend upwards of 1km or greater.

The zone’s favorable mineralogy is complemented by logistical advantages. Located just 1km from Double Mer’s main camp, the Luivik zone offers easy access for drilling teams, with snowmobile trails in place to support active drilling operations, ensuring both practical and cost-effective program execution.

Figure 2: The Luivik zone in the west of the Double Mer Uranium Property. Mapped pegmatites with amphibolite mafic rocks which sit in place with much of the mineralized trends.

Michael Garagan, CGO & Director of Saga Metals Corp. discusses drilling strategy: ‘Drilling the Luivik zone which contains some of the most encouraging results, combined with less complicated logistics is the best starting point for SAGA at the Double Mer Uranium Project. We will be immediately looking to build off this winter program by getting permits ready to continue to test zones further east such as the Nanuk and Katjuk zones in Q2 and Q3 of 2025. We are aiming to confirm uranium concentrations and take initial steps in delineating this zone’s potential as a critical step in positioning Double Mer as a quality project in Labrador’s large-tonnage uranium landscape.’

Radar Titanium & Vanadium Project – Labrador, Canada

The Radar Ti-V Property is located 10km south of Cartwright in Labrador, Canada. The project spans 17,250 hectares and benefits from road access, supporting efficient exploration and development.

Figure 3: Map of the Radar Ti-V project and its proximity to the town of Cartwright, Labrador

The Hawkeye zone is the most prospective target on the property. Detailed geophysics and surface samples are suggestive of a complex and phased layered mafic intrusion that may be upwards of 1km wide and 4km long. Recent geophysics completed on the property show very detailed correlation to the rock samples and observed phase changes in the system.

Increased immiscibility in the east creates pronounced silica rich (magnetite depleted) banding mixed interstitially with high grade massive magnetite layers above 5 – 11.1% TiO2 & 0.3 – 0.66% V205. This first phase can be identified by the contact of low magnetics bands (blue) and highly magnetic bands (red, pink) ( see Figure 4 below ). After the high-grade banding the rocks transition into a gabbro norite rock moving westwards which contains a disseminated magnetite groundmass. These rocks are lower grade averaging (3-5% TiO2) & (0.1-0.2% V2O5) but are consistent and extensive in width. The entirety of these cross-system phases is almost 1km wide with a near vertical dip of each layer.

SAGA aims to complete a 1,500m drill program at the Hawkeye zone over the area encompassing the anomalous TiO2 and V2O5 surface samples and targeted geophysics segment as shown in Figure 4 below.

Figure 4: Geophysics completed over a targeted area within the Hawkeye Zone increasing width to 1km and a projected 4km strike

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometer east-west trend, with a confirmed 14-kilometer section producing samples as high as 4,281ppm U ₃ O ₈ and spectrometer readings of 22,000cps.

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds secondary exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com

Qualified Person

Peter Webster P.Geo. CEO of Mercator Geological Services Limited is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Double Mer Uranium Project and Radar Ti-V Project disclosed in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives in respect of the planned drill programs. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

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