Jaguar Uranium Corp (NYSE American: JAGU) is a mineral exploration company focused on uranium and rare earth element properties in South America. The company generates no revenue from operations, funding itself entirely through equity issuances, including common shares and unit offerings, as disclosed in its 10-K filed March 27, 2026. Its asset base consists of three exploration-stage mineral properties: the Huemul Project in Mendoza Province, Argentina, the Laguna Salada Project in Chubut Province, Argentina, and a project in Colombia acquired in 2024. The company acquired a 100% indirect interest in the Argentina Projects on July 19, 2024, from a subsidiary of IsoEnergy Ltd. The book value of its Argentina mineral properties was $4,150,000 as of December 31, 2024. The Colombia acquisition resulted in a $2,459,914 deferred tax liability and a corresponding impairment charge as of December 31, 2024. The company had no commercial production as of the filing date. Its Berlin Project in an undisclosed jurisdiction carries a contingent C$5 million cash payment obligation due within 30 days of commencing commercial production.

Revenue model

No operating revenue. The company is pre-revenue and funds operations through equity capital raises, including common share issuances and unit offerings combining shares and warrants.

Products and services

Uranium and rare earth element mineral exploration properties: Huemul Project (Mendoza Province, Argentina), Laguna Salada Project (Chubut Province, Argentina), a Colombia uranium project, and the Berlin Project acquired from Green Shift Commodities Ltd. No mineral production or sales as of December 31, 2025.

Customers and end markets

No customers or product sales as of the filing date. End market exposure is to uranium and rare earth element commodity markets, with uranium spot price movements directly affecting property valuations and impairment assessments.

Value-chain role

Early-stage mineral exploration. The company holds exploration-stage property rights, conducts or commissions technical studies, and has not reached development or production stage on any property as of December 31, 2025.

Geographic exposure

Argentina (Chubut Province and Mendoza Province) and Colombia. The Berlin Project jurisdiction is not specified in the filing excerpts.

Source: SEC 10-K, filed 2026-03-27

Industry: Metal Mining