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 in Latin America.

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

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

Financial performance and metrics

• No operating revenue; reported net losses of $5.8 million for the year ended December 31, 2024, and $1.5 million for the nine months ended September 30, 2025.

• Operating expenses for 2024 were $7.3 million, including $3.6 million in mineral property impairment, $1.4 million in G&A, $1.5 million in exploration, and $0.8 million in legal/professional fees.

• Cash and cash equivalents were $305,616 as of September 30, 2025; accumulated deficit was $9.7 million.

• Pro forma as-adjusted shareholders' equity after the IPO is expected to be $21.9 million, with total assets of $23.7 million.

• Ongoing operations have been funded by private placements and equity issuances; no debt except a $150,000 convertible debenture.

Use of proceeds and capital allocation

• Estimated net proceeds from the IPO are $15.8 million (or $18.6 million if the underwriter’s option is exercised in full), based on a $5.00 per share offering price.

• Proceeds will be used for exploration and development of the Berlin, Laguna, and Huemul projects, property maintenance, general corporate purposes, and evaluation of external growth targets.

• Significant portion allocated to planned exploration expenditures and property maintenance fees for the Berlin and Argentina projects.

• Management has broad discretion in the allocation of remaining proceeds, which may be revised based on market conditions and operational needs.