Jaguar Uranium, a developer of nuclear fuel uranium exploration projects in Colombia and Argentina, announced terms for its IPO on Friday.
The Thornhill, Canada-based company plans to raise $20 million by offering 4 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Jaguar Uranium would command a market cap of $82 million.
Based in Canada, Jaguar Uranium is a pre-revenue junior mining company focused on three uranium exploration projects: one in Colombia and two in Argentina. Its principal exploration project is the Berlin Project in Caldas Province, Colombia, a sedimentary deposit hosting uranium together with vanadium, nickel, phosphate, rare earth elements, molybdenum and zinc, located approximately 12 km from a hydroelectric dam and 65 km from a river port with access to the Caribbean coast. In Argentina, the company is advancing the Laguna Project in Chubut Province and the Huemul Project in Mendoza Province.
Jaguar Uranium was founded in 2022 and plans to list on the NYSE American under the symbol JAGU. Titan Partners is the sole bookrunner on the deal.
