Vanguard Mining Expands Uranium Exploration with Strategic Paraguayan Land Acquisition

Vanguard Mining Corp. has taken a strategic step in uranium exploration by signing a Letter of Intent to acquire four concessions covering approximately 90,000 hectares in southeastern Paraguay. The acquisition, which includes the San Jose and Yuty Uno concessions, represents a significant expansion of the company's uranium exploration portfolio in a geologically promising region.

The newly targeted concessions are strategically located adjacent to Uranium Energy Corp.'s Yuty Deposit, which already hosts 8.96 million pounds of indicated uranium resources. This proximity provides Vanguard with a potentially valuable opportunity to leverage existing geological knowledge and exploration data from the neighboring project.

Under the proposed transaction, Vanguard will acquire an 85% interest in Paraguay Uranium S.A. by issuing 8 million common shares and making two separate payments totaling $40,000. The concessions include historical exploration data, with 28 drill holes previously completed that returned uranium assay results ranging from 0.05% to 0.10% U₃O₈.

The acquisition is particularly significant given Paraguay's emerging status as a mining jurisdiction. The country offers political stability, low sovereign risk, and an investor-friendly regulatory environment, making it an attractive location for mineral exploration. The Paraná Basin, where these concessions are located, is known for hosting multiple uranium deposits, including projects in neighboring Brazil.

Vanguard's CEO, David Greenway, emphasized the strategic importance of this acquisition, noting that it represents a transformative step in the company's uranium exploration strategy. By leveraging historical exploration data and applying modern exploration techniques, Vanguard aims to unlock the full potential of these concessions.

The move highlights the growing global interest in uranium exploration, driven by increasing demand for low-carbon energy sources and the potential role of nuclear energy in addressing climate change. For Vanguard, this acquisition represents an opportunity to expand its portfolio of strategic mineral assets and potentially contribute to the global energy transition.