Jaguar Uranium (JAGU) Q2 2026 earnings summary

Executive summary

• Focused on uranium exploration and development, with projects in Colombia and Argentina, and no revenue-generating operations to date.

• Completed IPO in February 2026, raising $25M gross proceeds, and expanded land holdings through acquisitions.

• Management team has significant experience in natural resources and is executing early-stage exploration programs.

Financial highlights

• Net loss for Q2 2026 was $874,012, and $20,742,649 for the six months ended June 30, 2026, compared to $429,061 and $942,478 for the same periods in 2025.

• Operating expenses for Q2 2026 were $1,041,835, up from $432,271 in Q2 2025; six-month operating expenses were $2,464,350, up from $939,385 year-over-year.

• Major non-recurring expenses included $17,747,028 in share-based payments and $720,700 in deferred cash payments related to acquisitions and IPO.

• Cash and cash equivalents at June 30, 2026 were $413,339, with $18.7M in short-term investments.

• Shareholders' equity increased to $25.7M from $5.9M at year-end 2025.

Outlook and guidance

• IPO proceeds expected to fund operations for 24 months, supporting exploration, property maintenance, and general corporate activities.

• Anticipates continued losses and will require additional financing for future development.