Jaguar Uranium (JAGU) Registration Filing summary

Company overview and business model

• Focuses on uranium exploration and development, holding significant land in Colombia and Argentina, with three main projects: Berlin (Colombia), Laguna, and Huemul (Argentina).

• Operates as an exploration-stage company with no current revenues, aiming to build uranium and rare earth element (REE) resources and pursue additional acquisitions in Latin America.

• Properties are located in mining-friendly jurisdictions with established infrastructure, and the company is led by a management team with experience in natural resources and mining finance.

Financial performance and metrics

• No operating revenues to date; 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 $1.4 million in G&A, $788k in legal/professional fees, $3.6 million in mineral property impairment, and $1.5 million in exploration/evaluation.

• Cash and cash equivalents as of September 30, 2025, were $305,616, with total assets of $8.6 million and accumulated deficit of $9.7 million.

• Pro forma as-adjusted for the IPO, cash would increase to $24.7 million and shareholders' equity to $31.2 million.

Use of proceeds and capital allocation

• Net proceeds of approximately $25.1 million (or $29.2 million if the underwriter’s option is exercised) are expected from the IPO, based on a $5.00 per share offering price.

• At least $12 million will be allocated to a two-year exploration plan: $5.4 million to Laguna, $2.6 million to Huemul, and $4.0 million to Berlin.

• $5 million is earmarked for general corporate purposes, with remaining funds for further exploration, property maintenance, and evaluation of external growth opportunities.