Mentioned:
There’s a new uranium exploration company on the New York Stock Exchange. And they’re coming after the opportunity in South America.
What’s happening:
- Jaguar Uranium (NYSE: JAGU) has successfully raised $25M USD in their IPO financing round and begun trading on the New York Stock Exchange
By the numbers:
- Jaguar Uranium issued roughly 6.25M common shares at $4.00 USD in their IPO financing round
Why it matters:
- Jaguar Uranium owns the Berlin Project located in Caldas Province, Colombia which contains significant amounts of uranium as well as zinc, molybdenum and vanadium
Going deeper:
- The Berlin Project previously had more than 24,000 metres of historical drilling done as well as multiple technical studies that showed validation of a potential large scale polymetallic resource
- Jaguar Uranium has also publicly stated they believe the Berlin Project could also contain meaningful amounts of rare earth elements
