Vancouver-based uranium explorer Saga Metals (TSX-V:SAGA) has joined the nearly 1,700 companies listed on the TSX Venture Exchange after it made its debut this week.
The junior, which has a market capitalisation of C$10.8 million ($11.7 million), completed an initial public offer to raise C$2.5 million.
The IPO comprised the issue of units priced at C$0.40 each and flow-through units priced at C$0.60.
Saga kicked off trading on 24 September.
Saga owns the Double Mer Uranium Project, Radar Titanium-Vanadium Project and North Wind Iron Ore Project in Labrador and the Legacy Lithium Project in Québec.
In July, the company inked a joint venture agreement with Rio Tinto (ASX:RIO) subsidiary Rio Tinto Exploration Canada (RTEC) for the Legacy Project, which is located in the lithium-rich James Bay region.
RTEC has the option to acquire an initial 51% interest in the project within four years subject to meeting…
