Jaguar Uranium (NYSE:JAGU) has completed an initial public offering (IPO), raising US$25 million ($35.08 million).
The South American company is focused on building an Argentinian and Colombian uranium portfolio, through its Huemul Mine and Berlin Project.
Huemul was first discovered in 1952 in Mendoza, producing around 130,000 tonnes of uranium. The mine closed in 1975 due to water problems at lower levels and opening of the nearby Sierra Pintada Mine.
Meanwhile, Berlin holds more than 24,000m of historical drilling and existing exploration data covering 3km of a known 10.5km.
Green Shift Commodities (TSX-V:GCOM) owns 5.1 million Jaguar shares.
CEO Trumbull Fisher says interest in the uranium sector continues to grow, and Green Shift believes Jaguar is well-positioned to execute on its business plan.
“This public listing underscores significant value in Green Shift Commodities through the Jaguar shares we hold,” Fisher says.
“We intend to hold our investment on a long-term basis as we share Jaguar’s excitement with respect to its advanced uranium asset portfolio in Argentina and Colombia.”
Write to Aaliyah Rogan at Mining.com.au
Images: Jaguar Uranium
