Curated News
By: NewsRamp Editorial Staff
September 03, 2025

Vanguard Mining Acquires Major Paraguay Uranium Project Adjacent to UEC's 8.96M lb Deposit

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TLDR

  • Vanguard Mining Corp. gains a strategic advantage by acquiring the Yuty Prometeo Project adjacent to UEC's established 8.96 million pound uranium deposit in Paraguay.
  • The acquisition involves four concessions totaling 90,000 hectares in the Paraná Basin, with historical drilling showing uranium values from 0.05% to 0.10% U₃O₈.
  • This uranium exploration supports the global clean energy transition by securing critical minerals needed for sustainable nuclear power development.
  • Vanguard now controls 90,000 hectares in one of South America's most promising uranium regions, directly bordering a major established deposit.

Impact - Why it Matters

This acquisition matters because it represents a significant development in the global uranium supply chain at a time when nuclear energy is experiencing renewed interest as a clean, reliable power source. With countries worldwide seeking to decarbonize their energy systems while maintaining grid stability, uranium demand is projected to grow substantially. Vanguard's strategic positioning in Paraguay, adjacent to an established 8.96 million pound uranium deposit, could potentially contribute to future uranium supply critical for nuclear power generation. For investors and energy markets, this expansion into a politically stable jurisdiction with proven uranium potential signals growing opportunities in the critical minerals sector that will power the clean energy transition. The project's development could also bring economic benefits to Paraguay while supporting global efforts to reduce carbon emissions through increased nuclear energy capacity.

Summary

Vanguard Mining Corp., a Canadian mineral exploration company, has successfully closed its acquisition of the Yuty Prometeo Project in southeastern Paraguay, marking a significant milestone in its South American uranium expansion strategy. The project consists of four concessions—three San Jose and one Yuty Uno—spanning approximately 90,000 hectares within the prolific Paraná Basin, one of South America's most promising uranium regions. This strategic acquisition positions Vanguard directly adjacent to Uranium Energy Corp.'s established Yuty Deposit, which hosts an impressive Indicated resource of 8.96 million pounds of U₃O₈, creating substantial exploration potential through modern techniques in this historically prospective district.

CEO David Greenway emphasized that this acquisition underscores Vanguard's commitment to building a dominant uranium portfolio in South America, leveraging Paraguay's unique combination of political stability, investor-friendly policies, and untapped mineral potential. The company has been actively advancing the project since April 2025, engaging senior geologist Ariel Testi to prepare an initial NI 43-101 technical report and conducting comprehensive site visits and data compilation. The Prometeo Concession, covering 27,666 hectares, is particularly significant as historical records reference 28 drill holes with uranium values ranging from 0.05% to 0.10% U₃O₈, while the San Jose Concessions encompass 62,210 hectares with significant radiometric anomalies identified through previous surveys.

This acquisition represents a critical step in Vanguard's broader mission to secure strategic minerals essential for the global clean energy transition, positioning the company at the forefront of uranium exploration in an emerging mining jurisdiction known for its democratic government, strong legal protections, and growing mineral development interest. The company's management cautions that adjacent mineralization doesn't guarantee similar results on their properties, but the strategic positioning and historical data suggest substantial exploration upside in one of South America's most promising uranium districts.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Vanguard Mining Acquires Major Paraguay Uranium Project Adjacent to UEC's 8.96M lb Deposit

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