Jaguar Uranium, a developer of uranium exploration and mining projects in Colombia and Argentina, raised $25 million by offering 6.3 million shares at $4, the low end of the range of $4 to $6. The company had originally filed in January to offer 4.0 million shares at the same range, before upping the share offering to 6.0 million shares.
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 acted as the sole bookrunner on the deal.
