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

Executive Summary

• Vanguard Mining received its final set of four Environmental Licences from Paraguay’s Ministerio del Ambiente y Desarrollo Sostenible (MADES), completing the environmental approval package for the 90,000‑ha Yuty Prometeo–San Jose Uranium Project.
• The company has now applied for a Prospection Permit with Paraguay’s Vice Ministry of Mining and Energy (VMME), positioning it to obtain full‑scale uranium exploration authorization across the entire project area.
• The permitting progress de‑risks the project, aligns Vanguard with growing global demand for secure uranium supplies, and supports its strategy to become a diversified source of nuclear fuel for the United States and allied markets.

Key Details

• Environmental Licences: Four licences now cover the entirety of Vanguard’s land position at Yuty Prometeo–San Jose; no additional environmental approvals are outstanding.
• Prospection Permit Application: Submitted to VMME; a critical step toward full‑scale exploration authorization.
• Strategic Context: Paraguay highlighted at a U.S. State Department‑hosted ministerial summit (Feb 4, 2026) for its role in global critical‑mineral supply chains, including uranium.
• Project Scope: 90,000 ha (222,395 acres) within the Paraná Basin; adjacent to Uranium Energy Corp.’s Yuty Deposit (Indicated resource of 8.96 M lb U₃O₈).
• Historical Drill Data (non‑NI 43‑101): 27 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. Vanguard plans confirmatory drilling.
• 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.
• Forward‑Looking Statements: Include expectations for obtaining the Prospection Permit, future work programs, and potential impact on uranium supply security.

Notable Quotes

“The receipt of our final MADES Environmental Licences marks a significant permitting milestone and further advances the Yuty Prometeo–San Jose Uranium Project toward prospection authorization… Paraguay is emerging as a stable and underexplored jurisdiction of increasing strategic relevance.” – David Greenway, CEO, Vanguard Mining Corp.