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Before turning to SAGA itself, it is worth setting out the market backdrop for the metals in its portfolio. Over the past 18 months, critical minerals have moved from a commodity theme to a matter of trade policy, defence planning and, increasingly, direct government balance-sheet support. That shift matters for a company whose projects span titanium, vanadium, iron, heavy rare

Over the past year, Quimbaya has moved from largely conceptual exploration upside into a multi-target discovery story backed by drilling, confirmed mineralized structures, expanding geophysical targets and – perhaps most importantly – the emergence of an entirely different geological opportunity at Tahami Center: a large copper-molybdenum-gold porphyry system.

There are generally two ways junior mining companies create outsized value. They either discover something the market didn’t know existed – or they take an asset the market has forgotten about and prove that it is worth dramatically more than investors thought. Norsemont Mining Inc (CSE: NOM | OTC: NRRSF | FWB: LXZ1) may have an opportunity to do both.