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

Executive Summary

• Vanguard Mining Corp. received its Environmental (Prospection) License from Paraguay’s Ministerio del Ambiente y Desarrollo Sostenible (MADES), clearing a key regulatory hurdle for the Yuty Prometeo Uranium Project.
• The permit de‑risks the path toward full exploration and development approvals on the 90,000‑hectare project in southeastern Paraguay.
• Technical advisors reviewed core samples at the Vice Ministerio de Minas y Energía (VMME) on Oct 29 2025 as preparation for upcoming confirmatory drilling.

Key Details

• Permit Obtained: Environmental/Prospection License from MADES, enabling Vanguard to pursue full exploration and development approvals.
• Project Scope: Yuty Prometeo Uranium Project – four concessions (three San Jose, one Prometeo) covering ~90,000 ha in the Paraná Basin, adjacent to UEC’s Yuty Deposit (8.96 M lb U₃O₈ indicated resource).
• Historical Data: 28 historic drill holes on Prometeo block reported 0.05‑0.10% U₃O₈; data not yet NI 43‑101 verified – confirmatory drilling planned.
• Technical Review: On Oct 29 2025, Vanguard’s technical advisors visited VMME core shed in Asunción to examine project core samples ahead of future work programs.
• Strategic Importance: Permit acquisition reduces regulatory risk and positions Vanguard to advance a high‑value uranium asset within an emerging, stable mining jurisdiction supportive of clean‑energy transition.
• CEO Quote: David Greenway highlighted the milestone as “advances the Yuty Prometeo Uranium Project and strengthens our pipeline of high‑value uranium assets in Paraguay.”

Notable Quotes

“Securing the MADES prospection permit is a key milestone that advances the Yuty Prometeo Uranium Project and strengthens our pipeline of high‑value uranium assets in Paraguay. This approval meaningfully de‑risks our path toward full exploration and development authorization.” – David Greenway, CEO