welcome to CEO insights I'm Marilyn dezman with investing news.com we're here at VC in Vancouver and I'm sitting down with Michael steer CEO of saga medals thanks for having me good to have you Michael um so let's start off our conversation would just uh provide an overview you've done your uh completed your IPO in September 2024 and for those um not familiar yet with your company could you provide a little bit of an overview and why it should why investors should pay attention yeah absolutely uh


so we completed our initial public offering on the TSX Venture under the symbol Saga s AA back on September 23rd um we're a a diversified critical Mineral Company we've got four properties one in James Bay Quebec and in Labrador um I think the thing that uh sets us apart is um you know we we have a a broad opportunity for people to have access to different projects in different mineral spaces as opposed to being segmented and just going after uranium or just going after lithium and you know I was kind of explaining this


to someone else that I think it's an advantage for shareholders and in value creation because we're not you know we're trying to create this model of find grassroot projects and moving them through the development stage and so rather than being pigeon hold into one specific sector industry within mining having access and being able to move different minerals forward especially in the critical mineral space um you know it just creates more opportunity for everybody and I think one uh compelling


most interesting aspect of uh the business is your joint venture option agreement with um riotinto could you tell us a bit more about that and why that's a significant partnership yeah absolutely uh you know that's an agreement that we completed back um in June of last year um while we were a private company I think it's uh important for a multitude of reasons one it it obviously helps us advance that project uh in James Bay in the lithium space while we focus on advancing some of our labador projects I think the


other thing too is that it adds a bit of credibility from management side as as a private company and as a young company to be able to find quality Grassroots projects and have a big company like riotinto see that and see the value in the ground that we were able to to claim and the work that we were able to do it um in a season and um you know it's it's a a two-stage option earn in agreement so within the first four years they have to spend just under $10 million to earn 51% of that project um and then they


have to spend just over $34 million additionally over a 5year extended period of time time to earn up to 75% so it could be quite significant in terms of um advancing that project and you know again creating value for for our shareholders maybe it's a good time to maybe provide an overview of your portfolio your project portfolio just give us some um you know brief details of about it and why make them what makes them compelling yeah absolutely so I guess I'll start in the westernmost uh


property which would be James Bay and our lithium assets uh so in that region we have 65,000 hectares well 34,000 is option to riotinto uh and then the other 31,000 which is all contiguous with each other um is called our Amoro project and and we We Own 100% of the 65,000 obviously Amro is the oper or sorry um riotinto is the operator of of that project um and the Amro project will advance forward ourselves at this time uh the most compelling aspect of that is that it's in the furthermost eastern


part of James Bay um and it follows the Striking paranis that comes down from wion's winoms Adena project which is found in the greenstone um which initially in in James Bay that's kind of where most people were finding and having success in lithium um but in more recently in the last 12 to 18 months people have been having a lot of success um especially loyal lithium uh in the paradise and so we've got over 100 kilometers of striking panise through that 65,000 hectares and so again from a


Grassroots project um it's pretty compelling in terms of what we have on our our ground to to kind of create that incentive to go put some money into that project and find out what's really going on beneath the surface then as we move East we've got our uh Northwind iron ore project again being Diversified um it's up near in the shererville area it's on the labrador side um we're contiguous to labex and um labm Technologies um you know for us again that's one that will move through slowly


it's a secondary project we spent about $50,000 on on the property and claims maintenance this past year um but honestly it came out staggering with um some great surface sample results like we had up to almost 85% iron oxide which from our perspective was um not something we were even expecting the previous work that had been done on it which was about eight drill holes um had an average grade of around um 24% and so yes these are surface samples not drill holes but again just kind of points to


maybe something bigger that's going on in that area and that that sort of contiguous Trend with those other companies um they had not gone sort of further south and and a bit to the east of that Trend and so it kind of opens up that whole uh Corridor to that side then moving even further east towards the coast of Labrador um we've got our our double mer uranium project and our radar uh titanium vadian project and so those are the two projects that we're going to get into heavy in terms of drill


programs here in starting in qy1 2025 so yeah let's expound on that like what's what are your plans for for the coming year um what's going to make you busy then yeah so you know we're hoping that 2025 is going to be a major year in terms of just continuous drill programs uh we'll set out with our Maiden program on both those projects the double Murr uranium project and the uh radar titanium vadium project approximately 1500 M on on both the stre the the strategic Advantage here is that um uh


the radar titanium badian project being just south of cartrite has Road access so we have Road access heading right into our highest mineralized Zone which is the Hawkeye Zone on that project and so with the drilling contractor coming up from Newland up through the South part of Labrador they essentially have to pass right by our radar project to get to Goose Bay and get to our uranium project and so for us it's actually a huge um cost savings event to have them come out sort of stop at our radar


project for a couple weeks and drill about 1500 meters on that project and we can really test what's going on there um if you check out one of our more recent news releases um it was in within the last uh couple weeks we did one on a uh magnetic inversion that we did on the recent geophysics um and it paints a pretty compelling picture as to what's going on below the surface in terms of um having about 250 to 300 meter width of uh a magnetic uh survey at almost 600 M below the surface and so and it only gets


better as you get closer to the surface in terms of being 200 meters down it's looking at you know upwards of about a kilometer in width and so that recent work that we did um on geophysics has really delineated exactly where we want to put these drill holes and we're quite excited that that's going to give us the results that we need to again get into further programs uh Drilling in this year and then simultaneously we're going to have a a crew out at the Double Mar Camp um just fixing up the camp putting


in some stoves and things like that for the winter drill program uh we do have to helicopter into that one again benefit for us on that project is that um the previous uh custodian of that project back in 2006 silver Spruce spent about $3 to4 million on that project in terms of advancing it um that's when there that big uranium Rush happened in in Labrador and so we benefit from not only the the uranium count radio metrics highlighting an 18 km Trend but we benefit from the surface samples that


that flow all along that 18 km Trend a camp that probably cost you know a few hundred thousand dollar to put in it's going to take a fraction of that for us to upgrade it put in the necessary stoves for heating and just some of the plumbing and fixing up the kitchen but it's going to be perfect for the drilling contractors and some of our team members that will be there to help advance that process project we're going to drill initially the louik Zone which is the uh most western extent of the 18


km um it's about 1 kilometer from our camp so again the benefit there is that you're not relying on on a helicopter to take the team to and from helicopter usage will just be to move the drill itself but the team can use snowmobiles to run between camp and and site to drill and so um you know sometimes uh drilling can not be as cost effective in the winter months but for us given the Strategic location of uh the camp and just some of the cost savings that we have in terms of drilling both projects


at the same well not same time but very closely overlap together um it makes sense to start in the louik zone it is um a very promising Zone along this 18 kilometer Trend and then Our Hope obviously is that we can get the necessary data out of that program and then go back in in the spring In Summer with continued drill programs not only to to further drill The livik Zone but also to get into the other remaining 18 kmers of the trend that runs uh to the east side of the property are you um anticipating given


you know the work that you're going to be doing for your uranium project and uranium in you know in general and has had some positive um performance and then the the they anticipate sort of like a this um uh optimism in the uranium Market continuing and giving more excitement around your project yeah 100% I mean as I as I mentioned um I believe last time on our chat you know you've got major companies Amazon Microsoft Google they're all pouring you know millions billions of dollars into the uranium space creating


major Partnerships bringing back old nuclear power plants online um you've got this massive um Data Center push and and just AI technology and everything that's it's not going anywhere and these these companies need sustainable clean energy to be able to move those over they're they require massive amounts of power and nuclear is essentially your you know your cleanest um I think technology nowadays is has gotten far superior in terms of what it was decades ago I think the fear and stigma around nuclear is


starting to um subside from that perspective you've got small modular reactor technology um things that are coming online you've got communities even like where we are in in Labrador and Northern Communities within Quebec that still rely on diesel generators I mean one day our hope is is that you're going to start to see these small modular reactors in those areas and these companies don't have to be beholden to um you know these ma major oil corporations for running Diesel and running their communities they can rely


on something like um like nuclear power and uranium right from maybe their own Province as an example so I think there's lots of opportuni ities and I think you're going to see that that squeeze and that change in in supply and demand kind of continue to progress as you know even throughout 2025 um and we should see a um a price shift um in that same time period we'll leave it at that thanks again Michael for taking the time to speak with me today absolutely thanks so much for having me thank you and thanks everyone


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