FINWIRES · TerminalLIVE
FINWIRES

Saga Metals Secures Grant to Advance Drilling at Radar Project in Labrador

-- Saga Metals (SAGA.V) said Friday that it secured C$225,000 under the Junior Exploration Assistance program in Newfoundland and Labrador to advance drilling at the Radar Critical Minerals Project.

The funding represents the maximum funding available under the grant for exploration expenditures in Labrador, Saga said.

Among key project highlights, SAAGA confirmed mineralization in 45 out of 45 drill holes completed and observed in two primary zones to date. The company said it has submitted a letter of intent under the program to continue to support the Radar project.

Meanwhile, Saga said it has moved to semi-annual financial reporting to reduce the administrative and financial burden associated with quarterly reporting.

The company said the first period for which it will not file an interim financial report will be for the three-month period ended April 30.

Shares in SAGA were down $0.01 to $0.57 yesterday.

Related Articles

Mining & Metals

Commerzbank on Overnight News

Commerzbank in its "European Sunrise" note of Wednesday highlighted:Markets: United States Treasuries sell off in late New York session, are better bid in early Asian trading. Brent rises above US$100/barrel late Tuesday, but comes off the highs after President Donald Trump announces a ceasefire extension in the conflict with Iran. E-minis rise marginally after the ceasefire headline.Fed: Kevin Warsh says at Senate Federal Reserve chair confirmation hearing that cumulative price increases are a legacy of past policy error, inflation trajectory is improving, but there is more work to do. The balance sheet shouldn't hold long-term assets, Warsh doesn't have a particular fix number for size, changes would need to be choreographed.Fed: Federal Reserve Governor Christopher Waller says Fed banks are working well on 10% headcount reduction, needs to rethink physical footprint, centralize operations and incorporate Artificial Intelligence (AI).U.S.: White House nominates Christopher Phelan to chair Council of Economic Advisers.Iran war: President Trump extends ceasefire until "discussions are concluded." Trump maintains the naval blockade. Vice President JD Vance postpones trip to Pakistan after Iran refuses to attend. Iran's foreign minister calls the U.S. blockade an "act of war." Iran evades blockage by using different ports and ship-to-ship transfers (Telegraph). Iran received "some sign" that the U.S. is ready to break the blockade (news agency Tasmin).==EUROPE:ECB: European Central Bank Governing Council member Martins Kazaks says there is no urgency to raise rates; says expectations for inflation are currently containedGermany: CDU/CSU present plan for income tax reform with 25 billion to 30 billion euros tax relief per year (HB).France: Prime Minister Sebastien Lecornu extends aid for industries hit by fuel cost rises.Italy plans to bring down its budget deficit to 2.8% in 2026 (Reuters sources).Ukraine: President Volodymyr Zelenskiy says repairs to the Druzba oil pipeline are completed, clearing the way for 90 billion euros European Union loan.

$$CXY
Research

Morgan Stanley Upgrades Antero Midstream to Equalweight from Underweight, Lifts Price Target to $26 From $20

Antero Midstream (AM) has an average rating of hold and mean price target of $23.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$AM
Asia

Intraco Buys Back More Shares

Intraco (SGX:I06) bought back 2,500 shares in the open market on Wednesday for SG$951, or about SG$0.38 per share, according to a same-day filing with the Singapore Exchange.The plastics resin and other petrochemical products company has been authorized to repurchase 10.8 million shares under its current mandate and has so far bought back nearly 1.7 million shares.

$SGX:I06