Tearsheet

Jaguar Uranium (JAGU)

Market Price (3/23/2026): $1.74 | Market Cap: $33.1 Mil
Sector: Energy | Industry: Coal & Consumable Fuels

Jaguar Uranium (JAGU)

Market Price (3/23/2026): $1.74
Market Cap: $33.1 Mil
Sector: Energy
Industry: Coal & Consumable Fuels

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Megatrend and thematic drivers Megatrends include Energy Transition & Decarbonization. Themes include Nuclear Energy, and Uranium Production.	Weak multi-year price returns 2Y Excs Rtn is -77%, 3Y Excs Rtn is -117%	Very low revenue Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1			Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil
2			High stock price volatility Vol 12M is 124%
3			Key risks JAGU key risks include its [1] pre-production status with no operating history or revenue and [2] the high risk of substantial shareholder dilution due to its significant financing requirements.

0	Megatrend and thematic drivers Megatrends include Energy Transition & Decarbonization. Themes include Nuclear Energy, and Uranium Production.
1	Weak multi-year price returns 2Y Excs Rtn is -77%, 3Y Excs Rtn is -117%
2	Very low revenue Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil
4	High stock price volatility Vol 12M is 124%
5	Key risks JAGU key risks include its [1] pre-production status with no operating history or revenue and [2] the high risk of substantial shareholder dilution due to its significant financing requirements.

Valuation, Metrics & Events

	3/23/26	2025	2024	2023
Share Price CYE	$1.74	�	�	�
Market Cap CYE ($ Mil)	33.1	-	-	-
Total Debt ($ Mil)	0.0	0.0	0.0	0.0
Total Cash ($ Mil)	24.7	24.7	0.0	0.0
Enterprise Value ($ Mil)	8.5
Valuation Ratios
P/S TTM	-	-	-	-
P/EBIT TTM	-	-	-	-
P/E TTM	-	-	-	-
P/FCF TTM	-	-	-	-
Sector Ratios
P/S TTM (Sector)	1.9	1.4	1.5	1.6
P/EBIT TTM (Sector)	9.0	6.9	6.6	5.9
P/E TTM (Sector)	13.9	10.6	10.3	8.1
P/FCF TTM (Sector)	10.8	8.1	7.1	7.6

	3/23/26	2025	2024
Share Price CYE	$1.74	�	�
Market Cap CYE ($ Mil)	33.1	-	-
Total Debt ($ Mil)	0.0	0.0	0.0
Total Cash ($ Mil)	24.7	24.7	0.0
Enterprise Value ($ Mil)	8.5
Valuation Ratios
P/S TTM	-	-	-
P/EBIT TTM	-	-	-
P/E TTM	-	-	-
P/FCF TTM	-	-	-
Sector Ratios
P/S TTM (Sector)	1.9	1.4	1.5
P/EBIT TTM (Sector)	9.0	6.9	6.6
P/E TTM (Sector)	13.9	10.6	10.3
P/FCF TTM (Sector)	10.8	8.1	7.1

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AI Analysis | Feedback

Metric	Value	Date	Source
Number of Exploration Projects	3	2092026	Link
Berlin Project Area (Hectares)	9053	12082025	Link
Laguna Salada Project Area (Hectares)	230000	12082025	Link
Huemul Project Area (Hectares)	27700	12082025	Link
Berlin Project Historical Indicated Mineral Resource (U3O8 lbs)	1500000	4122016	Link
Berlin Project Historical Inferred Mineral Resource (U3O8 lbs)	19900000	4122016	Link
Number of Employees	3	2102026	Link

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Price Chart

Return (1M):

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Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Jaguar Uranium (JAGU) stock has lost about 50% since it went public on 2/10/2026 because of the following key factors:

1. Early-stage exploration company with no defined mineral resources.

Jaguar Uranium is an exploration and development company focused on projects in Colombia and Argentina, currently possessing no mineral reserves and generating no revenue. The company's 2026 strategy aims to advance its projects toward the potential definition of an initial mineral resource, highlighting its inherently high-risk profile as an early-stage explorer.

2. Decline in uranium spot prices post-IPO peak.

The spot price for uranium experienced a notable decline shortly after Jaguar Uranium's IPO. After reaching a two-year high of $101.50 per pound in January 2026, uranium spot prices decreased to $86.95 per pound by the end of February 2026 and further to approximately $85.90 per pound by mid-March 2026. This downturn was primarily attributed to unexpected supply increases from Uzbekistan, creating headwinds for uranium-focused companies.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

11/30/2025 to 3/22/2026

	Return	Correlation
JAGU
Market (SPY)	-4.8%	7.8%
Sector (XLE)	31.1%	19.3%

Fundamental Drivers

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Market Drivers

8/31/2025 to 3/22/2026

	Return	Correlation
JAGU
Market (SPY)	1.1%	7.8%
Sector (XLE)	32.4%	19.3%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/22/2026

	Return	Correlation
JAGU
Market (SPY)	10.4%	7.8%
Sector (XLE)	33.6%	19.3%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/22/2026

	Return	Correlation
JAGU
Market (SPY)	70.3%	7.8%
Sector (XLE)	55.6%	19.3%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
JAGU Return	-	-	-	-	-	-48%	-48%
Peers Return	26%	3%	983%	-2%	30%	-28%	1184%
S&P 500 Return	27%	-19%	24%	23%	16%	-3%	76%
Monthly Win Rates [3]
JAGU Win Rate	-	-	-	-	-	0%
Peers Win Rate	31%	27%	50%	35%	48%	33%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
JAGU Max Drawdown	-	-	-	-	-	-48%
Peers Max Drawdown	-7%	-9%	-5%	-16%	-24%	-34%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-3%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NC, EU, JAGU, NUCL, CCJ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)

How Low Can It Go

JAGU has limited trading history. Below is the Energy sector ETF (XLE) in its place.

Unique Key	Event	XLE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-26.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	36.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	116 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-60.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	153.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	660 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,201 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-57.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	137.1%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,858 days	1,480 days

Compare to NC, EU, JAGU, NUCL, CCJ

In The Past

SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 6/8/2022. A -26.9% loss requires a 36.7% gain to breakeven.

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About Jaguar Uranium (JAGU)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

We are a uranium exploration and development company focused on uranium discoveries. We maintain significant land holdings in Colombia and Argentina and our portfolio is comprised of two uranium exploration projects in Argentina (the “Laguna Project” and the “Huemul Project”, referred collectively as “Argentina Projects”) and one exploration project in Colombia (the “Berlin Project” and together with the Argentina Projects, our “Properties”), which offer substantial exploration potential. Our Properties are located within mining-friendly jurisdictions and are supported by established infrastructure. Berlin Project The Berlin Project is our principal exploration project. The Berlin Project contains uranium, which is used to power nuclear reactors that produce electricity, and has by-products such as battery commodities, including phosphate, vanadium, nickel, molybdenum, rhenium, yttrium, neodymium and other rare earth elements (collectively, the “REEs”). The Berlin Project deposit is a geologically rare combination of elements contained in a layer of phosphate-bearing limestone in a layered sedimentary sequence located in central Colombia in the municipality of Samaná, Caldas Province, approximately 80 km northeast (225 km by road) of the provincial capital, Manizales, and approximately 150 km northeast (245 km by road) of the national capital, Bogotá. The two contiguous mineral concessions on which portions of the Berlin Project lie cover an area approximately 9,053 ha in extent. The deposit is located approximately 12 km from a hydroelectric dam that provides a potential source of clean, renewable energy for the Berlin Project. There is a river port located approximately 65 km from the Berlin Project, providing barge-transport to Barranquilla, a port on the Caribbean coast of Colombia. A refurbished rail system provides an alternative means of transport to the port at Santa Marta on the Caribbean coast. Extensive bench-scale metallurgical tests indicate that the value-commodities can be effectively leached from the mineral-bearing rock with an acidic ferric sulphate solution. Laguna Project The Laguna Project is an early-stage exploration project located in the central part of Chubut Province, Argentina and consists of approximately 230,000 ha of exploration claims. The property is located approximately 260 km southwest of the provincial capital, Rawson, and approximately 220 km from the main commercial port city of Comodoro Rivadavia. The uranium mineralization of the Laguna Project is related to “caliches,” which is the partial cementation of the host by calcium carbonates. “Caliche” and “Calcrete” type uranium deposits are surficial uranium deposits found in semi-desert environments. Caliche-type uranium deposits differ from Calcrete-type uranium deposits in that they typically occur in unconsolidated clastic sediments such as gravel, as opposed to cemented sediments in the case of Calcrete-type uranium deposits and Caliche-type uranium deposits tend to have wide surface exposure and shallow depth. Due to their wider surface exposure and shallower depth, Caliche-type uranium deposits are often easier to access for initial mining operations. Huemul Project The Huemul Project is an early-stage exploration project located in the southern part of Mendoza Province, Argentina. The Huemul Project consists of approximately 27,700 ha of exploration claims centered around Argentina’s National Nuclear Authority’s (“CNEA”) historic Huemul-Agua Botada mine, Argentina’s first uranium producing mine. The Huemul Project comprises the Huemul I concessions, including the Cateo Huemul Norte, Cateo Huemul Sur, Mina Huemul, and MD Silvana claims (the “Huemul I Properties”), and the Huemul II concessions, including the MD Mirano Norte, MD Carmencita, and MD Cerro Butalo claims (the “Huemul II Properties”). The Argentinian government discovered the Huemul-Agua Botada Zone in 1952 and exploited the deposit between 1955 and 1975. Historically, ore was treated in a concentration plant at the nearby town of Malargüe. Uranium-vanadium-copper mineralization at the Huemul Project consists of a number of stacked, meters-thick stratabound lenses hosted by an approximately 50-metre-thick packet of conglomerates and arenites, sandwiched by redbeds and intruded by andesite sills. --- The Company was incorporated under the Business Corporations Act (British Columbia) (the “BCBCA”) on December 16, 2022. The Company changed its name from “1391795 B.C. Ltd.” to “Latam Battery Metals Inc.” on May 9, 2023, and from “Latam Battery Metals Inc.” to “Jaguar Uranium Corp.” on December 14, 2023. We currently have three direct, wholly-owned subsidiaries: Gaia Energy Investments Ltd. (“Gaia Energy”), a company incorporated in the BVI on April 19, 2006 and restored on November 16, 2015; Berlin (BVI) Limited (“Berlin BVI”), a company incorporated in the BVI on June 30, 2021; and 2847312 Ontario Inc. (“284 Ontario”), a corporation incorporated in the Province of Ontario, Canada on June 14, 2021. Gaia Energy has one wholly-owned subsidiary, Gaia Energy Investments Ltd. Sucursal Colombia (“Gaia Energy Colombia”), a company incorporated in Colombia, which is the legal and beneficial owner of a 100% interest in the Berlin Project. Berlin BVI has one wholly-owned subsidiary, Berlin (BVI) Limited Sucursal Colombia (“Berlin BVI Colombia”), a company incorporated in Colombia, which is the legal and beneficial owner of a 100% interest in the concession applications under evaluation with the Agencia Nacional de Minería, National Mineral Agency of Colombia, with respect to the Berlin Project. 284 Ontario is the legal and beneficial owner of a 100% interest in the Argentina Projects. Our registered office is located at Suite 1604-1166 Alberni Street, Vancouver, British Columbia V6E 3Z3 Canada and our head office is located at 3-1136 Centre Street, Thornhill, Ontario, L4J 3M8 Canada.

AI Analysis | Feedback

A junior uranium explorer, similar to a small-cap gold miner searching for new deposits.

An early-stage uranium company, aspiring to become a major producer like Cameco.

AI Analysis | Feedback

Uranium: The primary radioactive metal the company explores for, intended for use as fuel in nuclear reactors.
Battery Metals and Rare Earth Elements: A range of valuable by-product minerals, including phosphate, vanadium, nickel, molybdenum, rhenium, yttrium, and neodymium, associated with the Berlin Project.
Copper: A base metal identified as part of the mineralization at the Huemul Project.

AI Analysis | Feedback

Jaguar Uranium (JAGU) is described as an "exploration and development company focused on uranium discoveries." The provided information indicates that the company is in the early stages of identifying and evaluating mineral deposits for uranium and associated by-products like rare earth elements. There is no mention of current production, sales, or revenue-generating activities from mining operations. Therefore, Jaguar Uranium does not currently have any major customers.

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Here is the management team for Jaguar Uranium (JAGU):

Steven Gold

President, CEO & Director Steven Gold was appointed President and Chief Executive Officer of Jaguar Uranium Corp. in May 2024, having previously served as its Chief Financial Officer from January 2024. He was also formerly the Vice President-Corporate Development at Collective Mining Ltd., Chief Financial Officer at Energold Drilling Corp., and Vice President-Investments at Pinetree Capital Ltd. Mr. Gold co-founded Jaguar Uranium in late 2023 with the objective of acquiring uranium assets.

William Keith Avery

Chief Financial Officer William Keith Avery serves as the Chief Financial Officer of Jaguar Uranium Corp. He holds professional designations as a C.A. and C.P.A.

Luis Augusto Ducassi

Executive Chairman Luis Augusto Ducassi is the Executive Chairman of Jaguar Uranium Corp. In March 2026, he emphasized the company's commitment to responsible development and creating sustainable value through its collaboration with the Ministry of Energy and Environment of the Province of Mendoza.

Andres Caceres

Vice President of Exploration Andres Caceres holds the position of Vice President of Exploration at Jaguar Uranium Corp.

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Key Risks to Jaguar Uranium (JAGU):

Exploration and Development Risk: As an uranium exploration and development company with early-stage projects, Jaguar Uranium faces the fundamental risk that its exploration activities may not result in the discovery of economically viable uranium deposits, or that identified resources cannot be successfully developed and brought into production. The company's portfolio consists of "exploration projects" and "early-stage exploration projects," indicating a high degree of inherent uncertainty regarding the quantity, quality, and economic extractability of mineral resources.
Commodity Price Volatility: The economic viability and future profitability of Jaguar Uranium are highly dependent on the market price of uranium. Significant fluctuations or a sustained decline in uranium prices, and to a lesser extent, the prices of by-products like rare earth elements from the Berlin Project, could adversely impact the value of its projects and its ability to generate revenue.
Regulatory and Permitting Risk: Operating in Colombia and Argentina exposes the company to risks associated with obtaining and maintaining necessary mining concessions, exploration permits, and environmental approvals. Delays in the evaluation and granting of these applications, such as the "concession applications under evaluation with the Agencia Nacional de Minería" for the Berlin Project, or changes in governmental regulations, environmental policies, or local community opposition in these jurisdictions, could significantly impede or halt the development of its projects.

AI Analysis | Feedback

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AI Analysis | Feedback

Jaguar Uranium (symbol: JAGU) is an exploration and development company focused on uranium, with its Berlin Project also yielding by-products such as battery commodities including phosphate, vanadium, nickel, molybdenum, rhenium, yttrium, neodymium, and other rare earth elements. The addressable markets for these main products and by-products are identified as follows:

Uranium

The global uranium market size is projected to reach US$12.7 billion by 2030, growing at a CAGR of 4.3% from 2024. Another estimate places the global market value at US$9.3 billion in 2024, projected to climb to US$13.59 billion by 2032 at a CAGR of approximately 4.9% from 2025 to 2032.

In South America, the uranium mining market was valued at USD 427.41 million in 2024 and is estimated to grow to USD 616.5 million by 2031. Specifically, Colombia's Uranium Mining market is projected to reach USD 38.04 million in 2024. Argentina possesses approximately 34,250 tonnes of identified uranium resources. The Argentine government aims to expand nuclear power and considers domestic uranium production a strategic priority. Argentina currently imports uranium to meet the requirements of its nuclear power plants.

Phosphate

The global phosphate market size is projected to grow from USD 193.38 billion in 2026 to USD 300.13 billion by 2034, exhibiting a CAGR of 5.6% during the forecast period. The global phosphates market size is also estimated at USD 185.41 billion in 2025 and is expected to expand to USD 263.68 billion by 2033, with a CAGR of 4.50% from 2025 to 2033. The global phosphate rock market, specifically, is estimated at US$ 26.29 billion in 2024 and is projected to reach US$ 36.37 billion by 2034, with sales ascending at a CAGR of 3.3%.

Vanadium

The global vanadium market size was valued at USD 3.62 billion in 2025 and is projected to grow from USD 3.78 billion in 2026 to USD 5.33 billion by 2034, exhibiting a CAGR of 4.40%. Another report estimates the global vanadium market size at USD 54.2 billion in 2025, which is predicted to reach USD 98.0 billion by 2032, growing at a CAGR of 9.1% during 2026–2032. A different source estimates the global vanadium market size at USD 42.72 billion in 2024, expected to reach USD 64.69 billion by 2033 at a 4.7% CAGR.

Nickel

The global nickel market size was USD 47.8 billion in 2025 and is projected to grow to USD 78.3 billion by 2034 at a CAGR of 7.30% during the forecast period. Other estimations include a market size of USD 44.49 billion in 2025, reaching USD 83.77 billion by 2034 with a CAGR of 7.25%, and USD 48.74 billion in 2025, projected to grow to USD 86.35 billion by 2033 with a CAGR of 7.41%.

Molybdenum

The global molybdenum market size was valued at USD 4.25 billion in 2022 and is expected to grow at a CAGR of 4.0% over the forecast period. It is also projected to reach USD 7.91 billion by 2034 from USD 5.23 billion in 2026, at a CAGR of 5.31%. Another source states the global molybdenum market size was valued at around USD 4.60 billion in 2024 and is expected to reach USD 6.29 billion by 2034, growing at a CAGR of 4%.

Rhenium

The rhenium market size is forecast to increase by USD 96.1 million at a CAGR of 11.8% between 2023 and 2028. The global rhenium market is projected to reach USD 2.6 billion by 2030. Another report indicates the rhenium market was valued at USD 44.25 million in 2024 and is expected to increase to USD 91.87 million by 2031, growing at a CAGR of 11.0%.

Neodymium

The global neodymium market size was estimated at USD 5.28 billion in 2024 and is projected to reach USD 7.30 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. Another estimate shows the global neodymium market size at USD 6.07 billion in 2025, projected to grow to USD 9.76 billion by 2034, exhibiting a CAGR of 5.30%. The market was also valued at USD 5.5 billion in 2024 and is expected to reach USD 9.6 billion by 2033, at a CAGR of 15.2% during the forecast period 2024–2033.

Other Rare Earth Elements (REEs)

The global rare earth elements market size was estimated at USD 3.95 billion in 2024 and is projected to reach USD 6.28 billion by 2030, growing at a CAGR of 8.6% from 2025 to 2030. Other projections include a market size of USD 14.0 billion in 2025, reaching USD 41.1 billion by 2034 with a CAGR of 12.30% from 2026-2034, and USD 18.2 billion in 2024, expected to grow to USD 36.7 billion in 2034 at a CAGR of 7.6%. In terms of volume, the rare earth elements market is projected to be 196.97 kilotons in 2025, reaching 273.30 kilotons by 2031, growing at a CAGR of 5.61% from 2026 to 2031.

AI Analysis | Feedback

Jaguar Uranium (JAGU) is an exploration and development company currently in its pre-revenue stage, focused on advancing its uranium projects in Colombia and Argentina. Over the next 2-3 years, its future revenue growth is expected to be driven by several key factors:

Advancement of Exploration Projects to Resource Definition and Potential Production: As an exploration-stage company, Jaguar Uranium's primary driver of future revenue will be the successful progression of its Berlin Project in Colombia and its Laguna Project and Huemul Project in Argentina from exploration to the definition of mineral resources and, ultimately, into commercial production. The company's 2026 exploration strategy is specifically aimed at advancing its projects toward the potential definition of an initial mineral resource. For instance, the company recently received an Environmental Impact Assessment (EIA) permit for its Laguna Salada project in Argentina, which is expected to expedite exploration activities and advance the project towards defining an initial mineral resource.
Commercialization of By-products from the Berlin Project: The Berlin Project in Colombia is not only rich in uranium but also contains valuable by-products such as phosphate, vanadium, nickel, molybdenum, rhenium, yttrium, neodymium, and other rare earth elements. The successful extraction, processing, and sale of these critical battery and rare earth commodities could provide a significant additional revenue stream, diversifying the company's income base once production is established.
Favorable Uranium Market Conditions and Increasing Uranium Prices: Future revenue growth is highly dependent on the global uranium market. The uranium market is currently experiencing a persistent supply deficit, with uranium prices trading near 16-year highs due to insufficient supply and rising demand for nuclear energy. Analysts project a significant uranium deficit by 2040, expanding from nearly a 5+ million pound deficit in 2025. This growing demand, driven by emerging markets, hyperscaler and AI-driven power needs, and the expansion of small modular reactors (SMRs), creates strong tailwinds that would significantly enhance the economic viability and revenue potential of Jaguar Uranium's projects once they reach the production stage.
Successful Permitting and Regulatory Approvals: Obtaining the necessary environmental and regulatory approvals is critical for an exploration and development company to advance its projects towards production. Jaguar Uranium's ability to secure these permits, such as the recently obtained EIA permit for the Laguna Salada project, is crucial for accelerating exploration timelines and moving towards potential revenue generation. The company is actively engaging with local and provincial governments in both Argentina and Colombia to facilitate these processes.

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Share Issuance

Jaguar Uranium completed its Initial Public Offering (IPO) on February 11, 2026, selling 6,250,000 Class A common shares at $4.00 per share, resulting in gross proceeds of $25.0 million.
In connection with the IPO, the company granted an option to the underwriter to purchase up to an additional 937,500 common shares (15% of the offering) to cover over-allotments.
On February 12, 2026, Jaguar Uranium issued 50,000 common shares upon the conversion of a convertible debenture, 3,836,757 common shares to Green Shift Commodities Ltd. (pursuant to a December 2023 agreement amended in April 2024), and 1,000,000 common shares to Consolidated Uranium Inc. (pursuant to a July 2024 agreement).

Inbound Investments

IsoEnergy (NYSE: ISOU) participated as a strategic investor in Jaguar Uranium's IPO.
Green Shift Commodities Ltd. holds 5,181,777 Jaguar Shares, reflecting a significant investment.

Capital Expenditures

Net proceeds from the $25.0 million IPO are designated to fund exploration, development plans, property maintenance, and general corporate purposes over the next two years.
The company's 2026 exploration strategy is focused on advancing its uranium portfolio in Argentina (Laguna Salada and Huemul Projects) and Colombia (Berlin Project) to define an initial mineral resource.
Jaguar Uranium anticipates its current cash resources, following the IPO, will be sufficient to support planned exploration activities for approximately two years.

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FLOC	Flowco	0.6	-11.3%	16.2%

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Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RHLD	Resolute Management	1.4	44.9%	-22.0%
BW	Babcock & Wilcox Enterprises	1.6	44.4%	139.4%
SEDG	SolarEdge Technologies	3.1	38.2%	79.3%
PL	Planet Labs PBC	10.5	36.5%	71.6%
DSGR	Distribution Solutions	1.2	35.0%	-4.9%
NEXT	NextDecade	1.9	27.0%	39.1%
HTFL	HeartFlow	1.3	27.0%	-10.7%
GLNG	Golar LNG	5.4	22.7%	42.3%
ANDG	Andersen	3.0	22.2%	7.6%
KOS	Kosmos Energy	1.4	21.9%	213.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
BCPC	Balchem	0.8	-86.1%	-84.7%
SMCI	Super Micro Computer	12.3	-33.2%	-29.9%
MVST	Microvast	0.5	-28.3%	-42.9%
USAS	Americas Gold And Silver	1.5	-26.9%	5.3%
AEBI	Aebi Schmidt	0.8	-25.8%	-21.5%
NG	Novagold Resources	3.2	-25.6%	-16.8%
IDR	Idaho Strategic Resources	0.4	-23.6%	-33.7%
IAUX	i-80 Gold	1.0	-23.5%	-13.0%
SCZM	Santacruz Silver Mining	0.6	-23.5%	-42.2%
ELE	Elemental Royalty	0.4	-23.5%	0.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
AXTI	AXT	2.4	127.8%	231.7%
CRCL	Circle Internet	29.0	103.5%	58.9%
LWLG	Lightwave Logic	0.9	96.8%	109.0%
AAOI	Applied Optoelectronics	5.5	86.3%	151.1%
SOC	Sable Offshore	1.6	82.3%	80.5%
DAWN	Day One Biopharmaceuticals	2.2	77.6%	130.0%
AMPX	Amprius Technologies	2.3	75.8%	130.7%
ACLX	Arcellx	6.5	72.5%	76.0%
BW	Babcock & Wilcox Enterprises	1.6	62.5%	139.4%
KOS	Kosmos Energy	1.4	60.5%	213.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
BCPC	Balchem	0.8	-86.6%	-84.7%
MNKD	MannKind	0.8	-55.3%	-56.4%
EOSE	Eos Energy Enterprises	1.4	-54.7%	-54.7%
GRAL	GRAIL	1.7	-53.9%	-45.3%
CWH	Camping World	0.4	-48.9%	-37.0%
VITL	Vital Farms	0.6	-47.3%	-54.6%
FWRD	Forward Air	0.5	-44.3%	-38.1%
GO	Grocery Outlet	0.6	-43.2%	-42.7%
FULC	Fulcrum Therapeutics	0.4	-42.3%	-40.1%
ERII	Energy Recovery	0.5	-41.1%	-29.9%

Peer Comparisons

Peers to compare with:

Financials

	JAGU	NC	EU	NUCL	CCJ	Median
Name	Jaguar U.	NACCO In.	enCore E.	Eagle Nu.	Cameco
Mkt Price	1.55	48.60	1.72	5.78	101.55	5.78
Mkt Cap	-	0.4	0.3	-	44.2	0.4
Rev LTM	0	277	44	0	3,482	44
Op Inc LTM	-4	-41	-69	-5	641	-5
FCF LTM	-	2	-59	-	1,075	2
FCF 3Y Avg	-	-7	-53	-	768	-7
CFO LTM	-	51	-38	-	1,408	51
CFO 3Y Avg	-	43	-37	-	1,001	43

Growth & Margins

	JAGU	NC	EU	NUCL	CCJ	Median
Name	Jaguar U.	NACCO In.	enCore E.	Eagle Nu.	Cameco
Rev Chg LTM	-	16.6%	-34.2%	-	11.0%	11.0%
Rev Chg 3Y Avg	-	5.4%	-	-	23.6%	14.5%
Rev Chg Q	-	-5.2%	-4.1%	-	1.5%	-4.1%
QoQ Delta Rev Chg LTM	-	-1.3%	-0.9%	-	0.5%	-0.9%
Op Mgn LTM	-	-14.6%	-155.2%	-	18.4%	-14.6%
Op Mgn 3Y Avg	-	-19.8%	-360.4%	-	15.4%	-19.8%
QoQ Delta Op Mgn LTM	-	1.6%	6.1%	-	-0.2%	1.6%
CFO/Rev LTM	-	18.4%	-85.0%	-	40.4%	18.4%
CFO/Rev 3Y Avg	-	17.7%	160.4%	-	32.0%	32.0%
FCF/Rev LTM	-	0.8%	-133.4%	-	30.9%	0.8%
FCF/Rev 3Y Avg	-	-2.9%	65.5%	-	24.6%	24.6%

Valuation

	JAGU	NC	EU	NUCL	CCJ	Median
Name	Jaguar U.	NACCO In.	enCore E.	Eagle Nu.	Cameco
Mkt Cap	-	0.4	0.3	-	44.2	0.4
P/S	-	1.3	7.3	-	12.7	7.3
P/EBIT	-	19.2	-5.6	-	49.5	19.2
P/E	-	20.6	-6.2	-	75.0	20.6
P/CFO	-	7.1	-8.6	-	31.4	7.1
Total Yield	-	6.9%	-16.0%	-	1.3%	1.3%
Dividend Yield	-	2.0%	0.0%	-	0.0%	0.0%
FCF Yield 3Y Avg	-	-3.6%	-9.4%	-	2.9%	-3.6%
D/E	-	0.3	0.3	-	0.0	0.3
Net D/E	-	0.2	-0.0	-	-0.0	-0.0

Returns

	JAGU	NC	EU	NUCL	CCJ	Median
Name	Jaguar U.	NACCO In.	enCore E.	Eagle Nu.	Cameco
1M Rtn	-51.6%	-12.5%	-34.4%	-84.0%	-16.3%	-34.4%
3M Rtn	-49.5%	-0.7%	-35.8%	-84.0%	12.8%	-35.8%
6M Rtn	-49.5%	17.1%	-38.4%	-84.0%	18.2%	-38.4%
12M Rtn	-49.5%	45.5%	4.2%	-84.0%	128.7%	4.2%
3Y Rtn	-49.5%	44.5%	-11.3%	-84.0%	319.1%	-11.3%
1M Excs Rtn	-47.1%	-7.6%	-29.2%	-78.8%	-9.5%	-29.2%
3M Excs Rtn	-46.3%	-0.2%	-21.7%	-80.8%	22.9%	-21.7%
6M Excs Rtn	-47.6%	15.8%	-32.2%	-82.1%	25.2%	-32.2%
12M Excs Rtn	-64.2%	32.2%	-9.8%	-98.7%	115.8%	-9.8%
3Y Excs Rtn	-116.7%	-3.6%	-78.5%	-151.2%	252.6%	-78.5%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023
Period End	9/30/2025	12/31/2024	12/31/2023
Filing Date	1/30/2026	1/30/2026	12/30/2024
Key Financials
Total Revenue	0	0	0
EBITDA	-4	-4	-0
Operating Income	-4	-4	-0
Net Income	-6	-6	-0
EPS	-0.30	-0.32	-0.00
Growth Rates
Total Revenue Growth	-	-	-
EBITDA Growth	-	-4105.2%	-
Operating Income Growth	-	-4108.7%	-
Net Income Growth	-	-6655.7%	-
Margins
EBITDA Margin	-	-	-
Operating Income Margin	-	-	-
Net Income Margin	-	-	-
Cash & Debt
Total Cash	25	0	0
Total Debt	0	0	0
Net Debt / (Cash)	-25	-0	-0
Cash Flows
Net Cash from Operations	-	-3	-0
Free Cash from Operations	-	-3	-0
Returns to Shareholders
Dividends	0	-0	-0
Share Repurchases	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2
Period End	9/30/2025	6/30/2025
Filing Date	1/30/2026	9/30/2025
Key Financials Quarterly
Total Revenue	0	0
Ebitda	-1	-0
Operating Income	-1	-0
Net Income	-1	-0
EPS	-0.03	-0.02
Key Financials TTM
Total Revenue TTM	0	0
Ebitda TTM	-4	-4
Operating Income TTM	-4	-4
Net Income TTM	-6	-6
Growth Rates Quarterly
Total Revenue Growth	-	-
EBITDA Growth	30.5%	-399.4%
Operating Income Growth	30.3%	-405.8%
Net Income Growth	14.8%	-439.4%
Margins Quarterly
EBITDA Margin	-	-
Operating Income Margin	-	-
Net Income Margin	-	-
Cash & Debt
Total Cash	25	1
Total Debt	0	0
Net Debt / (Cash)	-25	-0
Cash Flows Quarterly
FCF from Operations	-0	-
Cash Flows TTM
FCF from Operations TTM	-	-
Returns to Shareholders Quarterly
Dividends	0	0
Share Repurchases	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-4.2%	-11.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-5.6%	-20.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023
Single Segment	0	0
Total	0	0

Assets by Segment

$ Mil	2024	2023
Single Segment	1	0
Total	1	0

	1M	2M	3M	6M	1Y	3Y
Beta	-1.06	-5.57	-9.06	-0.33	0.01	3.80
Up Beta	4.48	1.68	-14.78	18.94	-5.19	2.34
Down Beta	0.50	-3.01	8.88	-2.29	1.79	-1.34
Up Capture	-301%	-157%	-109%	-40%	-11%	-1%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	5	5	5	5	5	5
Down Capture	28%	18%	14%	7%	3%	2%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	7	7	7	7	7	7

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JAGU
JAGU	-49.6%	124.3%	-4.49	-
Sector ETF (XLE)	31.1%	24.7%	1.05	19.3%
Equity (SPY)	15.8%	18.9%	0.64	7.8%
Gold (GLD)	48.2%	27.0%	1.45	8.4%
Commodities (DBC)	17.8%	17.4%	0.83	17.8%
Real Estate (VNQ)	1.0%	16.4%	-0.11	10.2%
Bitcoin (BTCUSD)	-18.9%	44.2%	-0.35	47.8%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JAGU
JAGU	-12.8%	124.3%	-4.49	-
Sector ETF (XLE)	21.8%	26.1%	0.75	19.3%
Equity (SPY)	11.8%	17.0%	0.54	7.8%
Gold (GLD)	20.7%	17.5%	0.97	8.4%
Commodities (DBC)	10.9%	19.0%	0.46	17.8%
Real Estate (VNQ)	2.8%	18.8%	0.06	10.2%
Bitcoin (BTCUSD)	4.8%	56.7%	0.31	47.8%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JAGU
JAGU	-6.6%	124.3%	-4.49	-
Sector ETF (XLE)	11.0%	29.4%	0.41	19.3%
Equity (SPY)	14.2%	17.9%	0.68	7.8%
Gold (GLD)	13.3%	15.7%	0.70	8.4%
Commodities (DBC)	8.3%	17.6%	0.39	17.8%
Real Estate (VNQ)	5.0%	20.7%	0.21	10.2%
Bitcoin (BTCUSD)	66.9%	66.8%	1.06	47.8%

Short Interest

Short Interest: As Of Date	2272026
Short Interest: Shares Quantity	0.0 Mil
Short Interest: % Change Since 2152026	-87.3%
Average Daily Volume	0.3 Mil
Days-to-Cover Short Interest	1
Basic Shares Quantity	19.0 Mil
Short % of Basic Shares	0.1%

Returns Analyses

null

SEC Filings

Expand for More

Report Date	Filing Date	Filing
09/30/2025	01/30/2026	S-1/A
06/30/2025	09/30/2025	DRS/A
09/30/2024	12/30/2024	DRS/A

Insider Activity

Expand for Morenull

JAGU Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing JAGU?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What JAGU Makes & Who Pays

TTM figures based on

JAGU Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Jaguar Uranium (JAGU)

Market Price (3/23/2026): $1.74 | Market Cap: $33.1 MilSector: Energy | Industry: Coal & Consumable Fuels

Jaguar Uranium (JAGU)

Market Price (3/23/2026): $1.74Market Cap: $33.1 MilSector: EnergyIndustry: Coal & Consumable Fuels

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Jaguar Uranium (JAGU)

Steven Gold

William Keith Avery

Luis Augusto Ducassi

Andres Caceres

Uranium

Phosphate

Vanadium

Nickel

Molybdenum

Rhenium

Neodymium

Other Rare Earth Elements (REEs)

Interactive Breakdown

Better Bets vs. Jaguar Uranium (JAGU)

Latest Trefis Analyses

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Financials

Growth & Margins

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FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

JAGU Trade Sentinel

null

CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

Market Price (3/23/2026): $1.74 | Market Cap: $33.1 Mil
Sector: Energy | Industry: Coal & Consumable Fuels

Market Price (3/23/2026): $1.74
Market Cap: $33.1 Mil
Sector: Energy
Industry: Coal & Consumable Fuels