Vanguard Mining Secures MADES Prospection Permit at Yuty Prometeo Uranium Project Adjacent to UEC's Yuty Deposit

Core Insights - Vanguard Mining Corp. has received its Environmental License from the Ministry of Environment and Sustainable Development (MADES) for the Yuty Prometeo Uranium Project in Paraguay, marking a significant step in the regulatory process for exploration and development [1][2][3] Company Overview - Vanguard Mining Corp. is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the United States and Paraguay [17] - The company aims to build a strong uranium portfolio in South America, leveraging modern exploration techniques in a historically prospective district [3] Project Details - The Yuty Prometeo Uranium Project encompasses approximately 90,000 hectares (222,395 acres) in the Paraná Basin, a region recognized for its uranium potential [8][10] - The project includes four concessions: three San Jose concessions and one Prometeo concession, with the Prometeo Concession directly adjacent to Uranium Energy Corp.'s Yuty Project, which has an indicated resource of 8.96 million pounds of U₃O₈ [8][11] - Historical drilling on the Prometeo block has shown uranium values ranging from 0.05% to 0.10% U₃O₈, indicating potential for further exploration [11] Regulatory Milestones - Securing the MADES prospection permit is a key milestone that de-risks the path toward full exploration and development authorization for the Yuty Prometeo Project [2][3] - The Paraguayan government is recognized for its political stability and investor-friendly regulatory environment, making it an attractive jurisdiction for mining companies [16] Exploration Activities - The company's technical advisors recently visited the Vice Ministry of Mines and Energy (VMME) core shed in Asunción to review core samples from the project, preparing for upcoming exploration activities [3]