SAGA Metals to acquire Wolverine REE project in Canada
2026-04-16
SAGA Metals has strategically expanded its critical minerals portfolio by agreeing to acquire Catalyst Rare Metals, gaining full ownership of the royalty-free Wolverine rare earth element (REE) project in Canada. This acquisition, announced on April 15, 2026, positions SAGA to develop a high-potential heavy rare earth asset in a Tier-1 jurisdiction, directly supporting North American supply security for the clean-energy transition and defense industries. The Wolverine project, covering 230.5 km² in Labrador, has shown promising near-surface REE mineralization with significant heavy rare earth enrichment, driving SAGA's plans for a 2026 exploration program aimed at a maiden NI 43-101 compliant resource estimate.
