Fusion Fuel Eyes 1.0% NSR Royalties from 27,700-Hectare Huemul Project
Fusion Fuel will acquire a controlling interest in Royal Uranium to secure a 1.0% NSR royalty on Jaguar’s 27,700-hectare Huemul uranium-copper-vanadium district in Mendoza Province. Jaguar’s two-phase exploration plan follows approvals and targets zones beyond the historic mine, which processed 130,000 tonnes at 0.21% uranium, 2.0% copper and 0.11% vanadium.
1. Royalty Acquisition Details
Fusion Fuel has agreed to acquire a controlling interest in Royal Uranium Inc., granting it a 1.0% net smelter return royalty on future production at the Huemul Project. This structure provides capital-efficient exposure, entitling Fusion Fuel to a percentage of revenue from mineral sales, net of deductions.
2. Huemul Project Overview
The Huemul Project spans 27,700 hectares in Mendoza Province, Argentina, within a historic uranium-copper-vanadium district anchored by the Huemul mine. That mine operated from 1955 to 1975, processing approximately 130,000 tonnes of ore at head grades of 0.21% uranium, 2.0% copper and 0.11% vanadium.
3. Jaguar Exploration Plan
Jaguar outlined a two-phase exploration program set to begin upon approval of environmental studies and regulatory permits. Initial activities will focus on resource definition around the historic mine, with a second phase targeting peripheral zones to expand the deposit footprint.
4. Strategic Benefits for Fusion Fuel
By securing a royalty on the Huemul Project, Fusion Fuel advances its strategy to build a diversified royalty platform focused on critical energy minerals. The planned acquisition enhances its exposure to uranium and associated metals without direct operating risk, positioning it for potential long-term commodity upside.