Jaguar Uranium (JAGU) Q3 2026 earnings summary

Executive summary

• No revenue; nine-month net loss was $22.1M, largely reflecting $17.7M of IPO-triggered share consideration and a $720,700 deferred cash payment.

• The October 2026 Laguna Salada estimate reported 4.2M lb of indicated U3O8 and 10.1M lb inferred; no mineral reserves have been declared.

Financial highlights

• Q3 operating expenses were $1.45M vs. $563,625 YoY; nine-month expenses were $3.92M vs. $1.50M.

• Q3 net loss was $1.39M vs. $554,572 YoY; nine-month net loss was $22.13M vs. $1.50M.

• Nine-month loss included $17.75M of liquidity-event and listing-event shares and a $720,700 deferred cash payment; both arose from acquisition terms triggered by the IPO.

• Cash and cash equivalents were $8.42M and short-term investments $9.76M at September 30, 2026; working capital was $17.57M.

Outlook and guidance

• Existing cash, cash equivalents and short-term investments are expected to fund capital requirements for at least 12 months from the filing date, based on current budgets.

• Exploration and development are expected to continue through the remainder of 2026; additional financing will be needed to continue operations, with no assurance it will be available on acceptable terms.

• Operations are expected to remain loss-making for the foreseeable future; unavailable or unfavorable financing could require reduced activity.