Vanguard Advances Paraguay Uranium Strategy with New Environmental Licences as Paraguay Joins United States Critical Minerals Summit

Executive Summary

• Vanguard Mining received its final four Environmental Licences from Paraguay’s Ministerio del Ambiente y Desarrollo Sostenible (MADES) for the 90,000‑ha Yuty Prometeo–San Jose Uranium Project.
• The licences now cover the entire land position, leaving no outstanding environmental approvals and positioning the company to apply for a Prospection Permit – a key step toward full‑scale uranium exploration authorization.
• Vanguard’s CEO highlighted that the approvals materially de‑risk the project and align with growing global demand for uranium and other critical minerals, enhancing the strategic relevance of the Paraguayan jurisdiction.

Key Details

• Licences Obtained: Final set of four Environmental Licences from MADES, covering all Vanguard concessions (three San Jose and one Prometeo).
• Project Scope: 90,000 ha (222,395 ac) uranium‑rich area in the Paraná Basin, adjacent to Uranium Energy Corp.’s Yuty Deposit (Indicated resource ≈ 9 M lb U₃O₈).
• Regulatory Next Step: Application submitted for a Prospection Permit with Paraguay’s Vice Ministry of Mining and Energy (VMME); required for full‑scale exploration.
• Historical Drill Data (for context): 27 historic holes on Prometeo block, avg. 165 m depth; 7 showed uranium (0.01–0.02% U₃O₈), one hole 0.05–0.10% over 107 m.
• Strategic Context: Paraguay highlighted at a U.S. State Department‑hosted critical‑minerals summit (Feb 4, 2026) as an emerging source for uranium, lithium, REEs; Deputy Minister cited surging global demand.
• CEO Quote: “The receipt of our final MADES Environmental Licences marks a significant permitting milestone… These approvals meaningfully de‑risk the project.” – David Greenway, CEO.
• Qualified Person Review: Lawrence Segerstrom, consulting geologist, reviewed and approved technical content per NI 43‑101 standards.

Notable Quotes

“These approvals meaningfully de‑risk the project and reflect continued regulatory progress in Paraguay.” – David Greenway, CEO, Vanguard Mining Corp.