Vanguard Mining Expands South American Uranium Holdings with Acquisition of Paraguay's Yuty Prometeo Project

Vanguard Mining Corp. has closed the acquisition of the Yuty Prometeo Project in southeastern Paraguay, comprising four concessions spanning approximately 90,000 hectares within the uranium-rich Paraná Basin. The project is adjacent to Uranium Energy Corp.'s Yuty Deposit, which hosts an indicated resource of 8.96 million pounds of U₃O₈, as detailed in its technical report titled Yuty Uranium Project Initial Assessment US SEC Subpart 1300 Regulation SK Report, Paraguay SA dated July 1, 2022.

CEO David Greenway emphasized the strategic importance of this acquisition, noting Paraguay's political stability and investor-friendly policies as key factors enhancing the project's long-term potential. The Prometeo Concession, covering 27,666 hectares, is directly contiguous to UEC's Yuty Project, with historical data from previous work by the Anschutz Corporation suggesting it lies on trend with UEC's adjacent Transandes block. Historical records reference 28 drill holes on the property with uranium values ranging from 0.05% to 0.10% U₃O₈.

The San Jose Concessions encompass approximately 62,210 hectares across three contiguous claims situated along the Upper Permian–Carboniferous contact. A radiometric car survey conducted over a 40 km by 10 km area delineated significant uranium anomalies across the property. This acquisition follows Vanguard's earlier updates, including the engagement of senior geologist Ariel Testi to prepare an initial NI 43-101 technical report and the execution of a Definitive Share Purchase Agreement to acquire 100% of 1302343 B.C. Ltd., which holds an 85% interest in Paraguay Uranium S.A.

The expansion into Paraguay's Paraná Basin positions Vanguard to leverage modern exploration techniques in a historically prospective district, aligning with global efforts to secure critical minerals for the clean energy transition. The company cautions that mineralization on adjacent properties is not necessarily indicative of mineralization on its own projects, as forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from projections.