The AI Revolution Is Also a Mining Revolution

The numbers are staggering. Microsoft, Google, Amazon, and Meta are building data centers at a pace never seen before — each one consuming as much electricity as a small city. The International Energy Agency estimates that global data center power demand will more than double by 2030, driven almost entirely by AI workloads.

The problem? The grid can't keep up. And that's creating a domino effect that runs straight through the mining sector.

The electricity gap is real.

AI models like ChatGPT consume up to 10 times more power per query than a standard Google search. Hyperscale data centers run 24/7, and they need baseload power — not intermittent solar or wind. That's why tech giants are signing power purchase agreements with nuclear operators. Microsoft has a 20-year deal with Constellation Energy to restart a reactor at Three Mile Island. Amazon invested in a nuclear-powered data center campus in Pennsylvania. Google is pursuing small modular reactor partnerships.

The message from the tech sector is clear: the future of AI runs on nuclear power. And nuclear power runs on uranium.

Every new gigawatt of capacity needs materials.

Building the grid to deliver that power requires enormous quantities of steel — and by extension, high-grade iron ore. Transmission lines, substations, transformers, and reactor components all depend on reliable mineral supply chains. Rare earth elements are essential for the high-performance magnets used in generators and motors. Titanium is critical for reactor cooling systems and structural alloys. Vanadium is needed for grid-scale battery storage — the long-duration energy storage that keeps data centers running when demand peaks.

This is where a small group of North American exploration companies becomes relevant.

Saga Metals holds the ingredients.

Through its 100%-owned projects in Quebec and Labrador — some of the world's safest mining jurisdictions — Saga Metals holds exploration assets that target precisely the minerals this energy buildout demands:

▸ Uranium — Double Mer Uranium Project (Labrador): 25,600 hectares, 18 km strike length in Labrador's uranium district. The fuel for the nuclear reactors powering the AI buildout.

▸ Iron Ore — Radar Project (Labrador): High-grade Fe₂O₃ intercepts across broad, continuous oxide zones. The foundation material for steel in grid expansion and transmission infrastructure.

▸ Titanium — Radar Project (Labrador) & Garneau Titanium Project (Quebec): Critical for reactor cooling systems, structural alloys, and advanced manufacturing.

▸ Vanadium — Radar Project (Labrador): V₂O₅ grades in magnetic concentrate reaching 0.80–0.90%, compared to the 0.3% Panzhihua benchmark. Essential for vanadium redox flow batteries — the grid-scale storage technology that keeps data centers online.

▸ Rare Earth Elements — Wolverine REE Project (Labrador): The materials behind high-performance magnets used in generators, motors, and advanced energy systems.

The convergence point.

The AI revolution is not just a software story. It's a hardware story, an energy story, and ultimately, a mining story. The companies that hold confirmed, North American critical mineral deposits are positioned at the intersection of three of the largest macro trends of our time: artificial intelligence, energy security, and supply chain reshoring.

Saga Metals is drilling to prove what's in the ground. The demand side is already being written by the largest tech companies on earth.

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IR Contact: Rob Guzman | rob@sagametals.com | +1 (844) 724-2638 | sagametals.com

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Technical information reviewed by Dr. A. Miller, P.Geo., Qualified Person under NI 43-101. Contains forward-looking statements. See sagametals.com for full disclaimers.