Jaguar Uranium Corp. (JAGU.US), a developer of nuclear fuel uranium exploration projects in Colombia and Argentina, announced on Monday that it has increased the proposed size of its upcoming initial public offering (IPO). The Canada-based company now plans to issue 6 million shares, priced between $4 and $6 per share, aiming to raise $30 million. This follows a previous filing that proposed an offering of 4 million shares. Based on the midpoint of the revised offering size, Jaguar Uranium's fundraising amount will be 50% higher than previously anticipated, with an estimated market capitalization of $95 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, located in the Caldas Department of Colombia. This project is a sedimentary deposit containing uranium along with minerals such as vanadium, nickel, phosphate, rare earth elements, molybdenum, and zinc. It is situated 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. Jaguar Uranium was founded in 2022 and plans to list on the NYSE American—a trading platform for small- and mid-cap stocks under the New York Stock Exchange—under the ticker symbol "JAGU". Titan Partners is the sole underwriter for the transaction.