Vanguard Mining Site Visit and Core Review Preparation Underway at Yuty Prometeo Project, Paraguay

Company Overview - Vanguard Mining Corp. is preparing for site visits by its technical team for core review and analysis in anticipation of a maiden NI 43-101 Technical Report on the Yuty Prometeo Uranium Project in Paraguay [1][3] - The Yuty Prometeo Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the uranium-rich Paraná Basin [2][4] Industry Context - Uranium prices have increased by approximately 33% over the past six months, with the current spot price at US$78.50 per pound, indicating renewed momentum in the sector driven by global demand for clean energy [2][3] - The Paraná Basin is known for its uranium deposits, including the adjacent Uranium Energy Corp.'s Yuty Deposit, which has an indicated resource of 8.96 million pounds of U₃O₈ [2][14] Project Details - The Yuty Prometeo Project is strategically located adjacent to a defined multi-million-pound uranium deposit, benefiting from strong geological fundamentals and excellent infrastructure access [3][4] - Historical records indicate uranium values ranging from 0.05% to 0.10% U₃O₈ from 28 drill holes on the Prometeo Concession, although these results are considered historical and have not been verified [6][14] Exploration and Development Plans - The technical team's initial site visit will include core logging, sampling, and preliminary analysis to validate historical data and support NI 43-101 reporting [3][9] - The company aims to apply modern exploration techniques to unlock the potential of the Yuty Prometeo Project, which is viewed as a significant uranium asset in South America [4][15] Financial Activities - Vanguard Mining Corp. plans to conduct a non-brokered private placement of up to 12,830,000 units at a price of $0.15 per unit, aiming for gross proceeds of up to $1,924,500 [16][21] - The proceeds from the offering will be used for exploration programs on its mineral properties and general working capital [21][22]