Jaguar Uranium is a pre-revenue uranium exploration and development company with three properties in Latin America. Jaguar has no producing assets and funds operations entirely through equity and debt issuance, including a $25M IPO in February 2026. The company's primary asset is the Berlin Project in Caldas, Colombia — a polymetallic deposit containing uranium alongside vanadium, nickel, phosphate, rare earth elements, molybdenum, and zinc, hosted in a phosphate-bearing limestone layer. Jaguar also holds two early-stage projects in Argentina: Laguna Salada in Chubut Province, a shallow uranium-vanadium deposit in unconsolidated sandy gravel, and Huemul in Mendoza Province, a uranium-vanadium-copper project centered around Argentina's first-ever producing uranium mine. Near-term activities focus on permitting, metallurgical studies, updating historical resource estimates, confirmation drilling, and completing a Preliminary Economic Assessment to determine whether properties are economically viable to mine. If Jaguar reaches production, economics would be driven by uranium spot prices, ore grade and tonnage, processing recovery rates, and operating costs. Berlin's polymetallic nature could provide additional revenue streams from vanadium, nickel, and other by-products. Jaguar's longer-term path to revenue requires either developing its own mines or selling or partnering projects to larger producers. Beyond its current portfolio, Jaguar intends to pursue additional uranium acquisitions in Latin America. The company currently has only three full-time employees and relies on external consultants for technical work.