Planned acquisition of controlling interest in Royal Uranium expected to provide Fusion Fuel with 1.0% NSR royalty exposure to a potentially district-scale project in Colombia in connection with Jaguar’s announced initial assessment program for rare earth elements in addition to uranium at the project
Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today highlighted potential multi-mineral royalty income tied to the 1.0% net smelter return (“NSR”) royalty held by Royal Uranium Inc. (“Royal Uranium”) on the Berlin Project in Caldas, Colombia.
Through Fusion Fuel’s previously announced planned acquisition of a controlling interest in Royal Uranium, the Company expects to gain capital-efficient royalty exposure to potential future production from the Berlin Project. Jaguar Uranium Corp. (NYSE American: JAGU) (“Jaguar”) has announced the commencement of its initial rare earth element (“REE”) assessment program at the Berlin Project, which Jaguar noted has historically reported uranium mineralization. Jaguar has stated that the project also hosts associated REEs, including vanadium, phosphate, nickel, molybdenum, rhenium, yttrium, neodymium, and others, potentially expanding the project’s relevance within the global critical minerals supply chain.
As announced by Jaguar, the Berlin Project is a potentially district-scale polymetallic asset in Caldas, Colombia, with historically reported uranium mineralization and associated rare earth elements. The Berlin Project covers approximately 9,053 hectares, with a substantial portion of the more than 20,000 meters of previously drilled, mineralized core believed to remain preserved, which Jaguar plans to selectively re-sample and assay for REE content. Jaguar announced that its initial program is expected to focus on re-sampling available historic core, potentially allowing Jaguar to advance early-stage REE characterization without near-term new drilling. Jaguar has also indicated that its work will include multi-element geological modeling, and that REE potential of certain elements, including vanadium, nickel, phosphate, molybdenum, rhenium, and zinc, may, if ultimately demonstrated, have the potential to be evaluated as by-product credits in future economic studies, at the Berlin Project.
Under the NSR royalty structure, the holder of the NSR royalty is entitled to receive a percentage of revenue from mineral production, net of certain deductions, without bearing the capital or operating costs associated with development and operations. Fusion Fuel believes this structure aligns with its strategy of building a diversified, capital-efficient royalty platform with exposure to critical energy and resource markets.
Fusion Fuel previously announced that it entered into a Share Exchange Agreement, dated February 18, 2026 (the “Share Exchange Agreement”), to acquire a controlling interest in Royal Uranium as part of its strategy to establish a diversified energy commodity royalty platform with exposure to critical energy resources, including uranium and natural gas. A further description of the terms and conditions of the proposed transaction has been disclosed in a Form 6-K/A furnished with the U.S. Securities and Exchange Commission (the “SEC”) on February 18, 2026.
“Jaguar’s initiation of a rare earth assessment program at the Berlin Project has the potential to expand the value profile of this royalty beyond uranium alone,” said John-Paul Backwell, Chief Executive Officer and Chairman of Fusion Fuel. “Assuming our transaction with Royal Uranium closes as planned, Fusion Fuel expects to gain a 1.0% NSR royalty on a district-scale project with potential relevance across several critical minerals. We believe this reflects the strength of a capital-efficient royalty strategy: participation in exploration and development upside without taking on the direct capital burden of building and operating a mine.”
Fusion Fuel also noted Jaguar has planned exploration at the Laguna Salada Project in Laguna Salada, Argentina, in the second quarter of 2026 following Environmental Impact Assessment permitting of exploration activities at the “Guanaco” concession portion in the first quarter of 2026, and announced ongoing for continued permitting and exploration efforts across other projects in Jaguar’s project portfolio.
