Vanguard Mining Corp. Closes Acquisition of Nucleon Uranium Ltd.

Core Viewpoint - Vanguard Mining Corp. has successfully completed the acquisition of 100% of Nucleon Uranium Ltd., enhancing its position in the uranium sector and expanding its exploration capabilities in the Athabasca Basin, a premier uranium district globally [1][3]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on discovering and developing high-value strategic minerals, particularly in uranium exploration projects in the United States and Paraguay [8]. Acquisition Details - The acquisition involved the issuance of 7,000,000 common shares to Nucleon shareholders and cash payments totaling C$200,000 [3]. - The shares issued as part of the acquisition are subject to a resale restriction for four months and one day from the issuance date [4]. - The acquisition was based on arms' length negotiations and precedent transaction analysis, ensuring fair valuation [5]. Nucleon Uranium Overview - Nucleon holds seven exploration stage mineral claims covering 23,424.90 hectares in Saskatchewan, located in the Athabasca Basin, known for its high-grade uranium deposits [2]. - As of the announcement, no significant exploration has been conducted on Nucleon's mineral claims [2]. Vendor Information - The vendors of the Nucleon claims staked the claims in May 2025 and possess significant expertise in the Athabasca Basin, having completed multiple mineral claim transactions [6]. - The initial costs incurred by Nucleon for acquiring the claims were approximately $230,000, excluding soft costs related to labor and expertise [6].