As filed with the Securities and Exchange Commission on January 30, 2026. Registration No. 333-292006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ JAGUAR URANIUM CORP. (Exact name of registrant as specified in its charter) _____________________________________ | British Columbia | 1000 | Not applicable | | --- | --- | --- | ...

Carester president Frederic Carencotte tells Mining Technology: “Today, refining and separation capacities are highly concentrated globally, which can create exposure for downstream manufacturers in terms of lead times, logistics and supply continuity.”It’s a point echoed by Caremag, a subsidiary of French company Carester, which is building a €216m ($258.2m) REE recycling and refining plant in France, set to open this year.Gayathri Siripurapu, senior mining analyst at Mining Technology's parent company Glo ...

Core Insights - Energy Fuels Inc. and Cameco Corporation are positioned to benefit from the strengthening global nuclear energy supply chain, with uranium futures reaching $89 per pound, a 31.7% year-over-year increase, marking the highest level in nearly 20 months [2]. Group 1: Energy Fuels Inc. - Energy Fuels has been the leading U.S. producer of natural uranium concentrate, accounting for roughly two-thirds of domestic production since 2017, with its White Mesa Mill being the only fully licensed conventional uranium processing facility in the U.S. [4]. - In 2025, Energy Fuels' Pinyon Plain Mine and La Sal Complex produced over 1.6 million pounds of uranium, exceeding guidance by approximately 11%, with current operations running at an annualized rate of about 2 million pounds [5]. - The company has secured two uranium supply contracts with U.S. nuclear utilities for deliveries from 2027 through 2032, expecting to sell 780,000–880,000 pounds of uranium under long-term contracts in 2026 [6]. - Energy Fuels is diversifying into rare earth elements (REEs), expecting to commence commercial-scale production of heavy rare earths this year, and plans to expand REE processing capacity significantly [7][8]. - The feasibility study for the Vara Mada project in Madagascar confirms strong project economics and an initial mine life of 38 years, with a planned capital cost of $410 million [8]. Group 2: Cameco Corporation - Cameco accounts for around 16% of global uranium output and operates across the entire nuclear fuel cycle, holding significant stakes in major mines like McArthur River and Cigar Lake [9][10]. - Cameco revised its 2025 production outlook due to development delays, projecting a share of production from McArthur River at 9.8-10.5 million pounds [11]. - The company expects to offset production shortfalls with strong performance from Cigar Lake and is working to extend its mine life to 2036 [12]. - Cameco has entered a strategic partnership with the U.S. government to accelerate nuclear reactor technology deployment, backed by an investment of at least $80 billion [13]. Group 3: Financial Estimates and Performance - The Zacks Consensus Estimate for Energy Fuels indicates a revenue drop of 28.3% in 2026, with expected losses narrowing to 34 cents per share in 2025 [14]. - In contrast, Cameco's 2025 revenue is expected to grow by 4%, with earnings projected to surge by 100% to 98 cents per share [16]. - Year-to-date, Energy Fuels stock has appreciated 358.5%, outperforming Cameco's 159.2% gain, but Energy Fuels trades at a significantly higher forward price-to-sales multiple of 58.11X compared to Cameco's 21.95X [19][20]. Group 4: Conclusion - Both companies are well-positioned to benefit from favorable long-term trends in uranium demand, with Energy Fuels standing out for its strategic importance to U.S. uranium supply and diversification into REEs [21]. - However, Energy Fuels faces expected losses and a significantly expensive valuation, while Cameco offers stronger earnings visibility and a more reasonable valuation [24]. - Cameco appears better positioned for investors seeking exposure to uranium with a more balanced risk-reward profile, supported by its Zacks Rank 1 (Strong Buy) compared to Energy Fuels' Zacks Rank 3 (Hold) [25].

The Trump administration is planning to invest $1.6bn in Oklahoma-based mining company USA Rare Earth in its latest and biggest deal, reported the Financial Times (FT), citing unidentifiable sources. In return, the US Government will receive a 10% stake in the company, as it continues efforts to onshore rare earth element (REE) projects. It will receive $16.1m in shares in the company and warrants for another 17.6m shares, both at a price of $17.17m, according to one of the sources. USA Rare Earth will ...

Core Insights - NioCorp Developments Ltd. is currently considered one of the best metal stocks to invest in, particularly following the approval of the Mine Portal Project, which is crucial for the Elk Creek Critical Minerals Project [1][2] Group 1: Project Developments - The board of NioCorp approved the Mine Portal Project, which will establish the main entrances to the Elk Creek underground mine, serving as access for personnel, equipment, and materials [1][2] - The capital cost for the Mine Portal Project is estimated to be approximately $44.6 million, with work expected to commence in the first quarter [2] Group 2: Strategic Acquisitions - NioCorp completed an $8.4 million acquisition of FEA Materials LLC, enhancing its capability to produce aluminum-scandium master alloy in the U.S. [3][4] - The acquisition positions NioCorp to establish the first fully integrated scandium supply chain in the U.S., covering mining, oxide production, and alloy manufacturing for both defense and commercial markets [4] Group 3: Market Position and Future Outlook - NioCorp is focused on the Elk Creek Project in Nebraska, which aims to mine essential materials such as Niobium, Scandium, and Titanium, along with potential Rare Earth Elements [5] - The CEO of NioCorp emphasized the importance of the Portal Project as a critical milestone and expressed gratitude for the support from local stakeholders [3]

Core Insights - Energy Fuels Inc. is positioned as a leading U.S. producer of rare earth elements (REEs) and is working to restore the U.S. rare earth supply chain with its planned Phase 2 circuit expansion at the White Mesa Mill in Utah [1][2] Financial Highlights - The estimated capital cost for the Phase 2 Circuit is $410 million, which is lower than previous estimates [2] - The project has an estimated net present value (NPV) of $1.9 billion, translating to $7.96 per share, and an internal rate of return (IRR) of 33% after tax [2] - When combined with the Vara Mada project, the NPV increases to $3.7 billion or $15.26 per share [2] - Average annual EBITDA from the Phase 2 Circuit is projected to be $311 million for the first 15 years, increasing to $765 million when combined with the Vara Mada project [2] Production Capacity - The Phase 2 Circuit is expected to increase production capability to over 6,000 tonnes per annum (tpa) of NdPr, along with approximately 66 tpa of terbium and 240 tpa of dysprosium [2] - Annual expected REE oxide production over the 40-year life of the project includes 5,513 tpa NdPr, 48 tpa Tb, 165 tpa Dy, and other concentrates [2][3] Market Position - Energy Fuels aims to supply 45% of total U.S. rare earth requirements in the near term, including 100% of heavy REEs like terbium and dysprosium by 2030 [5] - The company’s production costs are expected to rank among the lowest globally, including those of Chinese producers [5] Regulatory and Development Timeline - Regulatory approval for the Phase 2 Circuit is anticipated by mid-2027, with planned construction and commissioning by Q1 2029 [2][3]

Core Viewpoint - Metals Creek Resources Corp. has received promising assay results from its partner Lomiko Metals Inc. regarding Rare Earth Elements (REE) analysis from the Yellow Fox Antimony property, indicating significant potential for further exploration and development [1][3][9]. Group 1: REE Anomalies and Soil Sampling Results - A two-phase soil sampling program in 2025 identified several highly prospective critical metal soil anomalies, including REEs Lanthanum (La) and Cerium (Ce), with Ce values reaching up to 2,510 parts per million (ppm) and La values up to 414 ppm [3][5]. - The largest identified anomaly (Anomaly 1) measures approximately 500 meters in width and at least 1,300 meters in length, while a second anomaly (Anomaly 2) is about 175 meters wide and at least 1,000 meters long [3][5]. - Seven soil samples were selected for additional REE analysis, revealing highly anomalous assays for both light and heavy rare earth elements, with Total Rare Earth Element (TREE) values ranging from 1,683 ppm to 5,176 ppm [5][7][14]. Group 2: Future Exploration Plans - The next stages of exploration will include line cutting, ground geophysics, surface trenching, and geological mapping to better define the orientation and location of high-priority targets [12][20]. - Management is encouraged by the results and plans to conduct further sampling to determine the extent of REE mineralization across the Yellow Fox property [14][20]. Group 3: Geological Context and Historical Data - The Yellow Fox property exhibits geological traits similar to the Beaver Brook area, with structural zones showing intense carbonate alteration and the presence of stibnite and arsenopyrite [16][17]. - Historical work has returned samples with significant values in gold, antimony, lead, zinc, and silver, indicating a rich mineralization potential [17].

Core Insights - Pan American Energy Corp. provided a summary of exploration activities in 2025 and outlined technical priorities for 2026, focusing on enhancing project understanding and developing practical exploration plans [1] Group 1: Tharsis Project - In 2025, Pan American acquired the Tharsis project, which is prospective for rare earth elements and niobium mineralization, located in the Northwest Territories of Canada [2] - Exploration activities included topographical and geophysical studies, outcrop magnetic observations, sampling, and bathymetric data collection to support future drilling [2] - Plans for 2026 involve integrating datasets into a consolidated geological interpretation and potentially initiating a drill program to test priority targets [2] Group 2: Big Mack Project - The Big Mack Project in Ontario, which is prospective for lithium-cesium-tantalum pegmatite mineralization, saw advancements in its technical foundation in 2025 [3] - The focus was on refining the geological framework through the interpretation of recent drilling results and previously collected datasets [3] - In 2026, the company plans to update the geological model and prioritize drill targets based on the latest findings [3] Group 3: Company Overview - Pan American Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [8] - The company has executed option agreements to acquire significant interests in both the Big Mack and Tharsis projects, with plans to further develop these properties [9]

Core Insights - Energy Fuels Inc. has released an updated Feasibility Study (FS) for its Vara Mada project in Madagascar, confirming its exceptional economics and significant mineral reserves, including rare earth elements, titanium, and zircon [2][3] Project Overview - The Vara Mada project, previously known as the Toliara Project, is a large-scale heavy mineral sand project located in southwest Madagascar, containing substantial reserves of ilmenite, zircon, and monazite [4][5] - The project is expected to have an initial mine life of 38 years, with potential for extension through planned refinements and additional drilling [2][12] Economic Metrics - The FS indicates a net present value (NPV) of $1.8 billion at a 10% discount rate, with an internal rate of return (IRR) of 24.9% [6][11] - Expected annual EBITDA from the project is projected to exceed $500 million, with an average EBITDA margin of 72% over the modeled life [6][11] - The project is anticipated to produce 959,000 tonnes of ilmenite, 66,000 tonnes of zircon, 8,000 tonnes of rutile, and 24,000 tonnes of monazite annually [11] Strategic Importance - The project is positioned to supply up to 30% of U.S. demand for light rare earth oxides and 85% for heavy rare earth oxides, addressing critical supply chain needs [6][11] - Energy Fuels aims to process monazite from Vara Mada at its White Mesa Mill in Utah, enhancing its capabilities in producing high-purity rare earth oxides [4][13] Development Plans - The company plans to expand its processing capabilities at the White Mesa Mill, with Phase 1 expected to process up to 10,000 tonnes per annum of monazite concentrate, and a Phase 2 expansion anticipated to increase capacity significantly by 2028 [14][15] - Pre-FID capital expenditures are estimated at $121 million, with post-FID costs for establishing a mineral processing operation projected at $769 million [18] Regulatory and Operational Considerations - The company is in negotiations with the Government of Madagascar to formalize fiscal and operational terms for the project, including the addition of monazite production to its mining permit [16] - The successful development of the project is contingent upon achieving legal and fiscal stability, as well as obtaining necessary approvals [16]

Core Insights - Locksley Resources has confirmed a continuous, high-grade mineralized silver corridor at its Mojave Project in California, significantly extending known mineralization and enhancing geological understanding [1][2] - The discovery includes a 3km mineralized trend with surface results of up to 409 g/t silver and 1.5% copper, which aligns with the company's antimony development strategy and diversifies its portfolio in critical minerals [2] - The company is focused on advancing the Mojave Project, targeting rare earth elements and antimony, and aims to reestablish domestic supply chains for critical materials through strategic partnerships [3] Company Strategy - Locksley Resources is executing a mine-to-market strategy for antimony, supported by partnerships with leading U.S. research institutions and industry partners [3] - The company plans to advance the new silver discovery with a staged exploration program, indicating a proactive approach to resource development [2] - The targeted approach combines resource development with innovative processing and separation technologies, positioning the company to contribute to U.S. critical materials independence [3]