Uranium Explorer Jaguar Uranium (JAGU.US) Sets IPO Price at $4-$6, Aims to Raise $20 Million

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Headquartered in Thornhill, Canada, Jaguar Uranium (JAGU.US), a company developing nuclear fuel uranium exploration projects in Colombia and Argentina, announced the terms for its initial public offering (IPO) last Friday. The company plans to raise $20 million by issuing 4 million shares, with a price range set between $4 and $6 per share. Calculated at the midpoint of this price range, Jaguar Uranium's market capitalization would reach $82 million.

Jaguar Uranium is a Canada-based junior mining company that is not yet profitable and is focused on three uranium exploration projects: one in Colombia and two in Argentina. Its primary exploration project is the Berlin project in Colombia's Caldas Department, a sedimentary deposit hosting uranium along with minerals such as vanadium, nickel, phosphate, rare earth elements, molybdenum, and zinc. The site is located approximately 12 kilometers from a hydroelectric power station and about 65 kilometers 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. Established in 2022, Jaguar Uranium plans to list on the NYSE American under the ticker symbol "JAGU". Titan Partners is serving as the sole book-running manager for this transaction.

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