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Saga Metals Corp. ( (TSE:SAGA) ) just unveiled an update.
SAGA Metals Corp. has provided an update on the 2024 field program at its Legacy Lithium Project, operated by Rio Tinto Exploration Canada Inc. (RTEC). Under an Option to Joint Venture Agreement, RTEC can acquire a 51% interest in the project by meeting certain financial and exploration commitments, with the potential to increase its stake to 75% over time. This partnership positions SAGA to benefit from Rio Tinto’s expertise and resources, potentially enhancing its standing in the lithium exploration industry.
More about Saga Metals Corp.
SAGA Metals Corp. is a North American exploration company focused on the discovery of critical minerals. The company is involved in the Legacy Lithium Project located in the Eeyou Istchee James Bay region of Quebec, which is known for lithium discoveries.
YTD Price Performance: -13.89%
Average Trading Volume: 97,002
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on SAGA stock on TipRanks’ Stock Analysis page.