Jaguar Uranium (JAGU) Registration Filing summary

Company overview and business model

• Focuses on uranium exploration and development with significant land holdings in Colombia and Argentina, including the Berlin Project (Colombia), Laguna Project, and Huemul Project (Argentina).

• Operates as a junior miner, aiming to build a larger aggregate uranium and rare earth element (REE) resource through exploration and potential acquisitions across Latin America.

• Properties are located in mining-friendly jurisdictions with established infrastructure and government support for resource development.

• No commercial operations or revenue to date; business model is based on advancing exploration projects to resource definition and potential future production.

Financial performance and metrics

• No operating revenue; history of net losses, with a net loss of $5.76 million for the year ended December 31, 2024, and $1.5 million for the nine months ended September 30, 2025.

• Operating expenses in 2024 totaled $7.34 million, including $1.43 million in G&A, $787,994 in legal/professional fees, $3.62 million in mineral property impairment, and $1.5 million in exploration/evaluation expenditures.

• Cash and cash equivalents as of September 30, 2025, were $305,616, with total assets of $8.6 million and total liabilities of $1.9 million.

• Accumulated deficit of $9.7 million as of September 30, 2025; company is dependent on equity financing for ongoing operations.

Use of proceeds and capital allocation

• Net proceeds from the IPO (estimated at $25.1 million, or $29.2 million if the underwriter’s option is exercised) will fund exploration and development plans for the Berlin, Laguna, and Huemul projects, as well as property maintenance.

• At least $12 million allocated to a two-year exploration plan: $5.4 million to Laguna, $2.6 million to Huemul, $4 million to Berlin.

• Additional proceeds to be used for general corporate purposes and evaluation of external growth targets.

• Management has broad discretion in the use of proceeds, which may be reallocated as needed.