Vanguard Mining Corp. announced preparations for a technical site visit and core review at its Yuty Prometeo uranium project in southeastern Paraguay

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Vanguard Mining Corp. (UUU:CSE; RECHF:OTC; SL51:FWB) announced preparations for a technical site visit and core review at its Yuty Prometeo uranium project in southeastern Paraguay. The company’s technical team is organizing the review to support the development of a maiden National Instrument 43-101 (NI 43-101) technical report, which will include core logging, sampling, and validation of historical data.

The Yuty Prometeo project is located within the Parana Basin, a region that hosts several uranium deposits. Vanguard’s land package includes four concessions: three San Jose concessions and one Yuty Uno concession, covering a combined area of approximately 90,000 hectares. The Prometeo concession itself spans roughly 27,666 hectares and is contiguous with Uranium Energy Corp.’s (UEC) Yuty project, which contains an indicated mineral resource of 8.96 million pounds of U3O8, or triuranium octoxide.

In a company news release, Vanguard CEO David Greenway stated, “Our technical team is preparing for its initial site visit to conduct core review, a key step as we advance toward our maiden NI 43-101 technical report.” Greenway also highlighted the broader market conditions, citing a 33% increase in uranium prices over the past six months, with spot prices currently at US$78.50 per pound.

The Prometeo concession includes 28 historic drill holes that reported uranium values between 0.05% and 0.10% U3O8. These results are considered historical and have not yet been verified by the company or its qualified person. According to previous data from Anschutz Corp., the concession is located on the same geologic trend as the UEC Yuty project.

The San Jose concessions, which total approximately 62,210 hectares, lie along the Upper Permian-Carboniferous contact, a known uranium-hosting geological structure. A radiometric car survey conducted across a 40-kilometre-by-10-kilometre area identified significant uranium anomalies across the claims, although no mineral resource estimate has yet been reported by Vanguard for the Yuty Prometeo project.

Uranium Energy’s adjacent Yuty project spans approximately 117,359 hectares and contains 8.962 million pounds of indicated U3O8 and 2.203 million pounds of inferred U3O8. Vanguard noted that mineralization on neighboring properties may not reflect mineralization on its own claims.

Uranium Sector Faces Supply Constraints Amid Evolving Policy and Demand Trends

The uranium exploration and development sector continues to contend with structural supply challenges and evolving policy conditions. According to the World Nuclear Association, global mine production has historically accounted for approximately 90% of uranium demand, with the remaining supply filled through secondary sources such as recycled materials and government stockpiles. Although spot uranium prices rebounded from 2003 to 2009, the Association noted that prices have remained below the cost of production in the years since. In its 2023 Nuclear Fuel Report, the Association projected a 28% increase in uranium demand between 2023 and 2030, citing the long-term nature of nuclear power deployment and its limited exposure to short-term economic volatility.

In a July 14 commentary, Sprott reported a significant rebound in uranium prices and equities during June. The spot price of uranium rose 9.99% to US$78.56 per pound, while uranium mining equities gained 18.19%. Sprott attributed this trend to increased institutional interest and recent policy decisions, including the World Bank’s reversal of its longstanding ban on nuclear project financing and the continued inclusion of nuclear energy in U.S. tax credit programs. The firm also cited the expansion of artificial intelligence infrastructure, with over 28 gigawatts of nuclear-linked capacity announced to support data center development.

Crux Investor, in a separate July 14 report, emphasized that while political support for nuclear energy has improved, pricing challenges remain. The report noted that uranium prices near US$65 per pound are still below the estimated US$100 per pound typically required to support new mine development. Although utilities have begun signing term contracts at levels above US$80 per pound, long-term supply constraints persist due to the depletion of high-grade deposits and limited processing infrastructure.

The report also highlighted increasing interest in North American uranium sources, driven by concerns over supply chain security. Crux stated that “domestic uranium commands premium pricing due to supply chain security concerns,” adding that utilities are placing greater emphasis on reliable domestic supply to meet growing demand from national infrastructure and technology sectors.

Discovery Alert reported on July 23 that uranium companies are adjusting their strategies to reflect current market dynamics. Early-stage explorers are expanding drill programs in underexplored regions, while near-term developers are advancing offtake agreements and revising project economics. Established producers are optimizing existing operations to maintain consistent supply. Companies across the industry are placing greater emphasis on jurisdictional stability, technical validation, and environmental, social, and governance (ESG) performance, reflecting broader shifts in how nuclear energy is perceived within global energy policy frameworks.

Upcoming Milestones and Project Positioning

Vanguard Mining is positioning the Yuty Prometeo project as a key part of its uranium portfolio in the Americas. According to the company’s July 2025 investor presentation, the Prometeo concession has been subject to prior exploration that supports its alignment with the regional uranium trend. Preliminary surface data, geophysical surveys, and historical drill logs contribute to the rationale for further exploration work.

The upcoming technical review and data verification process are intended to support the preparation of an NI 43-101 report, which is expected to formalize the project's early-stage potential. The qualified person overseeing technical disclosure for Vanguard is J.T. Shearer, M.Sc., D.I.C., P.Geo., who has reviewed the existing assay certificates and sampling procedures. However, some historical results may not be fully verifiable due to incomplete records.

Vanguard emphasized the strategic location of its concessions, citing proximity to UEC’s Yuty and Coronel Oviedo projects, access to infrastructure, and the broader growth in global uranium demand. The company's investor materials also highlighted that the Parana Basin remains an underexplored but prospective region for uranium exploration. Vanguard is currently focused on advancing the project through responsible exploration and technical validation efforts.

Ownership and Share Structure

According to Refinitiv, .84% of Vanguard Mining is owned by management and insiders. The rest is retail.

Vanguard has 37.84 million free float shares, a 52-week range of US$.05-US$.25. They have a market cap of US$6,493,000