Jaguar Uranium Outlines 2026 Exploration Strategy Across Argentina and Colombia

Jaguar Uranium (NYSE American: JAGU) outlined its 2026 exploration plan to advance uranium projects in Argentina and Colombia toward potential initial mineral resources.

Rhea-AI Summary

Jaguar Uranium (NYSE American: JAGU) outlined its 2026 exploration plan to advance uranium projects in Argentina and Colombia toward potential initial mineral resources. Key steps include initiating field work at the Guanaco area after EIA approval (Mar 2, 2026), permitting steps at Huemul, and historic core review in Berlin, Colombia. The company reports cash to fund planned exploration for approximately two years and a Collaboration Agreement with Mendoza Province dated Mar 4, 2026.

Positive

• EIA approval for Guanaco on Mar 2, 2026 enabling immediate exploration
• District-scale Laguna Salada land package of ~230,000 hectares
• Cash resources sufficient to support planned exploration for ~two years
• Available historic drill core in Colombia to accelerate technical review

Negative

• No initial mineral resource currently defined; advancement is conditional on results
• Exploration and resource definition remain subject to permitting, data verification, and additional technical studies
• Historic data and core require re-analysis and confirmation before being relied on

Argus Mar 10 session

-5.70% close to close Open Argus

Details

News Market Reaction – JAGU

On Mar 10, the day this news came out, JAGU closed 5.70% below the previous close.

Data tracked by StockTitan Argus for the Mar 10 session.

Key Figures

Laguna Salada size: approximately 230,000 hectares Guanaco EIA approval date: March 2, 2026 Mendoza agreement date: March 4, 2026 +1 more

Laguna Salada size

approximately 230,000 hectares

District-scale uranium project land package in Argentina

Guanaco EIA approval date

March 2, 2026

Environmental Impact Assessment approval at Guanaco portion of Laguna Salada

Mendoza agreement date

March 4, 2026

Collaboration Agreement with Ministry of Energy and Environment of Mendoza

Exploration funding horizon

approximately two years

Management expects current cash to support planned exploration activities

Historical Context

4 past events · Latest: Mar 04

4 events

1. Mar 04

   Collaboration agreement

   24h Move

   +5.4%

   Framework collaboration with Mendoza’s Ministry on environmental and community practices.

2. Mar 04

   Collaboration agreement

   24h Move

   +5.4%

   One-year renewable cooperation pact for technical and environmental studies in Mendoza.

3. Mar 02

   EIA approval

   24h Move

   +16.3%

   Early EIA permit at Guanaco enabling a fully funded Phase 1 exploration campaign.

4. Feb 12

   IPO completion

   24h Move

   +1.2%

   Closing of IPO of 6,250,000 shares at $4.00, raising $25.0M gross proceeds.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

environmental impact assessment, environmental baseline study, drill core, mineral resource

4 terms

environmental impact assessment regulatory

"the Guanaco area Environmental Impact Assessment (EIA) was recently approved"

An environmental impact assessment is a process that evaluates how a planned project or development might affect the natural environment, including air, water, land, and wildlife. It helps identify potential risks and suggests ways to minimize harm before the project begins. For investors, it matters because projects with significant environmental risks may face delays, increased costs, or restrictions, affecting their overall viability and returns.

environmental baseline study regulatory

"Jaguar is preparing to submit its Environmental Baseline Study as part of the permitting"

A study that documents current environmental conditions—such as air and water quality, wildlife, soil and vegetation—at a site before a project or investment begins. Like a medical checkup for land, it creates a baseline to spot future changes, identify cleanup or mitigation needs, and satisfy regulators; investors use it to estimate permitting hurdles, potential remediation costs, timeline risks and impacts on project value or public support.

drill core technical

"a large portion of the historic drill core remains available to the Company"

A drill core is a long, cylindrical sample of rock pulled from beneath the surface during exploration drilling that preserves the layers and minerals exactly as they occur underground. Investors care because lab tests on core reveal what minerals and concentrations are present and how they’re distributed, which is the primary evidence used to estimate a deposit’s size, quality and commercial potential—like reading the cross‑section of a layered cake to judge whether it’s worth buying.

mineral resource technical

"toward the potential definition of an initial mineral resource while unlocking the value"

A mineral resource is a naturally occurring concentration of minerals in the ground that is considered valuable and likely recoverable based on geological evidence and preliminary studies. For investors, it signals the potential size and worth of a deposit—like a marked treasure area on a map—while also carrying uncertainty about how much can actually be mined and at what cost, affecting project value and risk.

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Toronto, Ontario--(Newsfile Corp. - March 10, 2026) - Jaguar Uranium Corp. (NYSE American: JAGU) ("Jaguar" or the "Company") is pleased to outline its 2026 exploration strategy aimed at advancing its uranium portfolio in Argentina and Colombia, with the goal of advancing the Company's projects toward the potential definition of an initial mineral resource while unlocking the value of historic exploration, including historic production at one site, across its projects.¹

The Company's strategy is centered on leveraging historic drilling, geological work, and available drill core to accelerate exploration timelines while deploying targeted modern exploration programs across its key assets.

Argentina - Flagship Exploration Focus

In Argentina, Jaguar plans to prioritize exploration at the Laguna Salada Uranium Project and the historic Huemul Uranium Mine.

Laguna Salada is a district-scale uranium project covering approximately 230,000 hectares, representing one of the largest uranium exploration land packages in Argentina. Within the project, the Guanaco area Environmental Impact Assessment (EIA) was recently approved, enabling Jaguar to initiate exploration activities.

Field work at Guanaco is expected to commence in the coming weeks and will target near-surface uranium mineralization with potential for bulk exploration targets. Jaguar intends to utilize historic exploration data alongside new exploration programs with the objective of advancing the Laguna Salada Project toward the potential definition of an initial mineral resource, subject to the results of exploration, completion of required technical work and studies, data verification, and applicable regulatory considerations.

At Huemul, located in Mendoza Province, Jaguar is preparing to submit its Environmental Baseline Study as part of the permitting process to initiate its exploration program. Huemul is a uranium mine with historically reported uranium production and remains one of the most historically significant uranium districts in Argentina.

Colombia - Large Exploration Property with Historic Drilling

In Colombia, the Berlin Project, one of the Company's mineral properties, is a substantial uranium exploration property where significant historic drilling has been completed. Importantly, a large portion of the historic drill core remains available to the Company.

Jaguar plans to systematically review, and re-analyze the historic core alongside existing geological data for the Berlin Project. This work is expected to provide a strong technical foundation for advancing the project toward the potential definition of an initial mineral resource following further technical work and potential confirmatory exploration.

Strong Jurisdictional Support

Jaguar continues to engage constructively with local and provincial governments as it advances uranium exploration projects in Argentina and Colombia, reflecting increasing recognition of uranium's strategic importance in supporting the global nuclear energy sector.

The Company recently announced that it has received approval for its EIA at the Guanaco Property within the Laguna Salada asset in Chubut, Argentina on March 2, 2026. Meanwhile, the Company entered into a Collaboration Agreement with the Ministry of Energy and Environment of the Province of Mendoza on March 4, 2026.

Strong Balance Sheet and Tight Share Structure

The Company is also well positioned financially, with current cash resources that management believes are sufficient to support planned exploration activities for approximately two years.

The Company also benefits from the support of significant industry shareholders, including IsoEnergy Ltd. (NYSE American: ISOU), which is among the Company's long-term shareholders.

Executive Chairman Commentary

Luis Ducassi, Executive Chairman of Jaguar Uranium Corp., commented:

"Jaguar controls a unique uranium portfolio with district-scale land packages, historic uranium mining districts, and historic exploration data that we believe can accelerate the path to discovery and resource definition. Our strategy is to move quickly and methodically across our projects while leveraging the significant work that has already been completed.

With exploration activity about to commence at Laguna Salada and potentially soon thereafter at Huemul, as well as the opportunity to unlock value from historic drilling and core in Colombia, we believe Jaguar is entering an active phase of growth. Our objective is clear: to establish Jaguar's first mineral resources and demonstrate the potential scale of our portfolio as the global uranium market continues to strengthen."

About Jaguar Uranium Corp.

Jaguar Uranium Corp. is a South American-focused uranium explorer advancing a portfolio of prospective brownfield assets across Argentina and Colombia. Anchored by a former producing mine, a historic uranium district, and exploration projects backed by historical drilling, Jaguar Uranium is uniquely positioned to revive and expand some of the region's most meaningful uranium opportunities. The Company is guided by a proven, industry-leading team with decades of success in permitting, exploration, discovery, and project finance across South America, bringing deep regional insight and a track record of execution to every stage of development.

This news release does not contain any new scientific or technical information, and the Company is not reporting exploration results, mineral resources, or mineral reserves. Any references to "historic" information, including historic drilling, sampling, core, or production, are historical in nature, have not been verified by the Company, and should not be relied upon.

Forward-Looking Statements

This news release contains forward-looking statements, including statements regarding the Company's 2026 exploration strategy and planned programs; the timing and scope of exploration activities; the Company's ability to obtain, maintain or amend permits and approvals; the potential value, utility, and interpretability of historic information; the potential to advance projects toward the delineation of mineral resources; the Company's expected cash runway and anticipated expenditures; and the Company's objectives and plans. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the risk that exploration will not result in the delineation of mineral resources or mineral reserves; the availability of permits, personnel, equipment and contractors; permitting, environmental review, community engagement and regulatory processes; the risk that historic data may be incomplete, inaccurate, or not representative, and other risks described under "Risk Factors" in the Company's Registration Statement on Form S-1 (File No. 333-292006), as amended, and in subsequent filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements except as required by law.

For further information, please contact: Steven Gold, Chief Executive Officer, Jaguar Uranium Corp., Telephone: +1-416-648-4065, Email: info@jaguaruranium.com, Website: www.jaguaruranium.com.

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¹ No mineral resources or mineral reserves have been established on any of the Company's properties as of the date of this press release. There can be no assurance that further work will result in the delineation of mineral resources or mineral reserves.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287893

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Jaguar Uranium (JAGU) plan to do at Laguna Salada in 2026?

Jaguar plans to start field work at Laguna Salada after recent regulatory approval. According to the company, the Guanaco EIA was approved on Mar 2, 2026, allowing targeted exploration to test near-surface uranium and advance toward a potential initial resource.

Has Jaguar received any permits for exploration at Guanaco (JAGU)?

Yes. According to the company, Jaguar received EIA approval for the Guanaco property on Mar 2, 2026, which the company says enables it to initiate exploration activities in the coming weeks.

What is Jaguar’s funding runway for JAGU exploration activities?

Jaguar reports available cash to support planned exploration for approximately two years. According to the company, management believes current cash resources are sufficient for about two years of planned programs.

What is the scale of Jaguar’s Laguna Salada land package (JAGU)?

Laguna Salada covers about 230,000 hectares, one of the largest uranium packages in Argentina. According to the company, this district-scale position underpins its planned systematic exploration strategy in 2026.

What will Jaguar do with historic drill core at the Berlin project (JAGU)?

Jaguar will review and re-analyze historic core to build a technical foundation for resource work. According to the company, a large portion of historic drill core remains available for systematic re-analysis and confirmation.

What permitting steps are planned for the Huemul uranium mine in 2026?

Jaguar is preparing to submit an Environmental Baseline Study as part of permitting for Huemul. According to the company, this step is intended to support initiation of an exploration program at the historic mining district.