Fusion Fuel Green PLC announced that the Argentine provincial Ministry of Environment has granted an Environmental Impact Assessment permit for exploration activities at the Laguna Salada Uranium Project in Chubut Province. The permit, issued on March 2, 2026, authorises geophysical surveys, surface sampling, trenching, drilling, and access road construction for the Guanaco concession, a 2.0 % net‑smelter‑returns royalty held by Royal Uranium.
The approval enables Jaguar Uranium, the operator of the project, to accelerate its Phase 1 exploration campaign. By clearing the regulatory hurdle, the company can move forward with the planned drilling program and other exploration work that could bring the project closer to production and the first royalty payments to Royal Uranium.
Jaguar Uranium CEO Steven Gold said, "The early arrival of the EIA permit is a major milestone for Jaguar Uranium." He added, "This approval forms the foundation of our accelerating exploration strategy at Laguna Salada and positions Jaguar to rapidly advance toward our next phase of work." Gold also thanked the Government of Chubut and its Ministry of Environment for their thorough consideration and noted the company’s strong cash position, which supports ramp‑up of exploration activity for the benefit of all stakeholders and community members.
Fusion Fuel Green’s acquisition of Royal Uranium, signed on February 18, 2026, gives the company a 2.0 % NSR royalty on the Laguna Salada project and a broader portfolio of uranium and natural gas royalties. The deal, valued at CAD 17.9 million, is expected to close in the first half of 2026 and is part of Fusion Fuel’s strategy to diversify beyond its green hydrogen and industrial gas businesses.
Fusion Fuel Green’s core business has faced significant financial challenges, with revenue of $9.68 million and operating and net margins of –106.36 % and –91.18 % respectively. The company’s move into royalty assets is intended to provide capital‑efficient, high‑margin exposure to critical energy commodities, potentially offsetting losses in its core segments.
While the EIA permit removes a key regulatory barrier, it does not guarantee commercial production or future royalty payments. Successful exploration and development will be required for the project to reach production, after which Royal Uranium and Fusion Fuel Green could receive royalty income. The permit therefore represents a significant step forward in the project’s development timeline and a potential source of future cash flow for Fusion Fuel Green.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.