Jaguar Uranium: Permits Received, Drilling Fast Tracked

Jaguar Uranium (NYSE American: JAGU) President and CEO Steven Gold discussed the company’s uranium-focused portfolio in Argentina and Colombia, which it views as the next frontier for uranium and critical metals amid a growing global supply deficit. He highlighted recent permitting successes in Argentina including an Environmental Impact Assessment approval received ahead of schedule on March 2 for the Laguna Salada project and a collaboration agreement signed March 4 with the Mendoza provincial government for the Huemul project, a past-producing uranium mine enabling accelerated exploration. Gold also outlined plans to leverage extensive historical exploration data and production records across the assets, while initiating selective re-assaying of more than 20,000 meters of preserved historic drill core at the Berlin project in Colombia to evaluate rare earth element potential alongside uranium.

• Jaguar Uranium’s assets in Argentina and Colombia benefit from substantial prior exploration and, in one case, past production, positioning the projects in the “second or third inning” rather than grassroots stage and allowing the company to accelerate resource definition using inherited data while conducting its own verification work
• Permitting progress in Argentina has advanced faster than anticipated due to supportive government policies and a recently signed U.S. Argentina critical minerals agreement, with the EIA approval for Laguna Salada and the Mendoza collaboration agreement enabling exploration programs to begin several months ahead of the original schedule
• The Huemul project in Mendoza operated as a uranium mine from 1955 to 1975, producing approximately 500,000 pounds of uranium with copper (up to 2%) as a byproduct before closing due to low uranium prices; modern economics and technology support renewed interest in the asset
• At the Berlin project in Colombia, Jaguar is re-assaying preserved historic core from over 20,000 meters of drilling to assess rare earth elements and associated byproducts (including vanadium, phosphate, nickel, and molybdenum) as potential credits to enhance uranium economics
• With proceeds from its recent IPO providing multi-year funding runway, Jaguar plans to advance exploration including sampling, trenching, and drilling across its Argentine and Colombian assets over the next 6–18 months, aiming to deliver resource estimates based on both historical information and new work