Vanguard Advances Prospection Permit Process with MADES at Yuty Prometeo Uranium Project, Neighboring UEC's Yuty Project

Core Viewpoint - Vanguard Mining Corp. has submitted an Environmental License Application to advance the acquisition of the Yuty Prometeo Uranium Project in Paraguay, marking a significant milestone in the regulatory process [1][2][3] Company Summary - Vanguard Mining Corp. is focused on the discovery and development of strategic minerals, particularly uranium, and is advancing projects in the United States and Paraguay [12] - The company aims to strengthen its uranium asset pipeline and enhance long-term value for shareholders amid increasing global energy security and nuclear power demand [3] Project Details - The Yuty Prometeo Uranium Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the Paraná Basin, a promising uranium region in southeastern Paraguay [4][6][8] - The project area is adjacent to Uranium Energy Corp.'s Yuty Deposit, which has an indicated resource of 8.96 million pounds of U₃O₈ [6][9] - The Prometeo Concession spans about 27,666 hectares (68,368 acres) and has historical drill records indicating uranium values between 0.05% and 0.10% U₃O₈ [7] Regulatory and Market Context - The submission of the Environmental License Application is a key step toward obtaining a Prospection Permit from the Ministerio del Ambiente y Desarrollo Sostenible (MADES), essential for full exploration and development approvals [2][3] - Paraguay is recognized for its political stability, investor-friendly policies, and untapped mineral potential, making it an attractive jurisdiction for long-term uranium exploration [11]