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With uranium markets tightening and a global nuclear energy revival accelerating, newly listed exploration and development company Jaguar Uranium (NYSE American: JAGU) believes it is positioned to supply the next generation of reactor demand. In a recent deep-dive talk, CEO Steven Gold outlined the company’s IPO, asset portfolio, and long-term strategic vision.

This article expands on that conversation, adding context and structure to help readers understand Jaguar’s role in a changing global uranium landscape.

A Perfect Moment: Why Jaguar Went Public Now

Jaguar completed its $25 million IPO at $4 per share, issuing about 6.25 million Class A shares. According to Gold, the timing was driven by several factors converging at once:

• A tightening global uranium supply
• An emerging „Golden Age“ for Latin America, with Argentina and Colombia positioned to benefit
• A surge in nuclear reactor construction
• Significant underinvestment in new uranium mines since Fukushima
• Strong institutional interest in the sector

A Growing Uranium Supply Deficit

Gold explained that the uranium market is entering a structural shortfall:

• Today’s demand exceeds supply by 7–10 million pounds annually.
• By 2040, that deficit could reach nearly 200 million pounds per year.
• Forecasts assume most planned uranium mine starts on time—something that “has never happened in any industry.”
• Meanwhile, new demand sources such as SMRs and AI-related power needs are not fully accounted for in mainstream demand models.

This imbalance, Gold argues, will force utilities to “bid up prices and search the world for new supply, because they have no choice.”

Founding Jaguar Uranium: A Long-Term Bet

Jaguar was founded in 2022 by a management team with more than 25 years in natural resources. Their goal was to create a company positioned for a multi-decade uranium supercycle, not just a short-term rally.

Why South America?

The team scoured global jurisdictions but found ideal projects in Argentina and Colombia, two countries with:

• Brownfield uranium production and exploration assets
• Historical production or extensive prior drilling
• Communities with long mining histories
• National governments that see nuclear energy as strategically important

Jaguar’s portfolio is unusual because it includes:

• Tens of millions of dollars in historic exploration work
• A former uranium-producing mine
• Assets in a former producing uranium district
• Nearly 24,000 meters of preserved drill core

Gold describes these as “third-inning assets,” meaning much of the early exploration risk has already been removed.

The Berlin Project (Colombia): Advanced, Well-Resourced, and Infrastructure-Rich

The Berlin Project is one of Jaguar’s cornerstone assets.

Why Berlin Stands Out

1. Heavy Historical Investment

• Extensive mapping, drilling, and metallurgical studies.
• Nearly 24,000 meters of drill core, now controlled by Jaguar.

This saves years of drilling time and millions in exploration costs.

2. Large Potential Resource

Only about one-third of the property has been historically explored, leaving significant upside.

3. Multi-Commodity Upside

The project also contains meaningful amounts of:

• Rare earth elements (REEs)
• Vanadium
• Phosphate
• Nickel

These credits could substantially reduce future production costs.

4. Top-Tier Infrastructure

The project benefits from:

• Nearby power sources
• Road and port access
• A mining-friendly region (Caldas Department)

5. Permitting Progress

Jaguar is in advanced stages of environmental and social permitting—work that has been ongoing for years.

Expected timeline:

• 2026-2027: permitting preparation + core analysis
• Late 2026 or early 2027: drilling start (permit-dependent)

Gold notes that the Caldas region has hosted mining for centuries, making community relations strong and pragmatic.

Argentina: Reviving Historic Uranium Mines in a Nuclear-Focused Nation

Jaguar’s Argentine assets were acquired from IsoEnergy and include four properties, two of which were former producers:

• Huemul – Argentina’s first uranium mine
• Sierra Pintada – A major uranium-producing district until 1997
• Two large exploration properties totaling 200,000+ hectares

Why Argentina Matters Again

Beginning in the 1940s, Argentina built an entire nuclear infrastructure:

• Mines
• Mills
• Reactors
• Fuel cycles

But when uranium prices collapsed in the 1990s, the state closed mines—not because they were depleted, but because uranium traded at $8–14 per pound and importing uranium made more sense.

Now, uranium is near $90/lb, and Argentina:

• Operates three reactors
• Plans up to four more
• Still imports 100% of its uranium

The motivation to restart domestic production is enormous.

Key Advantages of Jaguar's Argentine Portfolio

1. Former Producing Mines

These are not grassroots projects—they have known geology, historical engineering work, and production history.

2. Valuable Byproducts

One property holds ~2% copper, which on its own is economic. Jaguar will use this as a cost-reduction credit.

3. Massive Exploration Potential

Early models indicate the exploration lands could host:

• Tens of millions of pounds

Jaguar plans a multi-year drilling program to validate this.

Argentina’s Political Renaissance

Gold highlighted that the relationship between the U.S. and Argentina has never been stronger, referring to close cooperation between the Trump and Milei governments.

According to Gold:

• Ther permitting process is treamlined and efficient, with tremendous progress made in just a few years to bring assets to development.
• Argentina is “amongst the most investable country in South America right now.”

A major 2026 catalyst could be an cooperation agreement with the CNEA—Argentina’s national nuclear agency—which holds decades of geological data.

M&A and Growth Strategy

With $25 million raised, Jaguar estimates that it has over two years of financial runway.

Management intends on allocationg funding to all five assets , and the company plans to:

• Prioritize projects that deliver the best results
• Potentially acquire additional brownfield uranium assets in Argentina and elsewhere

Gold believes many legacy state-run uranium sites could be more valuable within Jaguar’s larger portfolio than on a stand-alone basis.

Ownership and Share Structure

Jaguar’s two major shareholders are:

• IsoEnergy

Green Shift CommoditiesThese groups know the assets intimately and provide strong institutional backing.

Leadership: Experienced, Regionally Specialized, and Well Connected

Gold highlighted several key team members:

Steven Gold – CEO

• 26 years in natural resources finance
• Former CFO of a multinational South American drilling company
• Deep experience with Latin america metals

Luis Ducassi– Executive Director

• Former Senior Executive at Peru’s Ministry of Mines and Energy
• Expert in Latin American regulatory systems

Advisors

• Jose Vizquerra– Former CEO of O3 Mining
• Tim Chilleri – One of the world’s most respected uranium market analysts; formerly with prestigious urnaium fund Sachem Cove PartnersTogether, they form one of the most South America–savvy teams in the uranium sector.

Upcoming News Flow (6–12 Months)

Investors can expect:

Near-Term

• Permitting updates in Colombia and Argentina
• Analysis of inherited Colombian drill core
• Potential partnership with CNEA and government agencies and mining bodies

Mid-Term

• Initial exploration programs in Argentina and Colombia
• Additional brownfield acquisitions possible
• Community and governmental partnership announcements

Longer-Term

• Ongoing drilling campaigns
• Inital and updated resource estimates
• Economic studies for Argentine and Colombian brownfield projects

Conclusion

Jaguar Uranium enters the public markets with a rare setup:

• Brownfield uranium assets with decades of historical investment
• National governments eager to develop domestic nuclear supply
• One of the strongest long-term commodity outlooks in the resource sector
• A management team tailored to South American execution

If Jaguar’s Argentinean and Colombian assets prove out as management expects, the company could emerge as one of the first major new uranium suppliers in South America in decades—just as the world faces an unprecedented uranium shortage.

WATCH THE INTERVIEW HERE: