Curated News
By: NewsRamp Editorial Staff
April 08, 2025
Vanguard Mining Corp. to Acquire 90,000 Ha Uranium Concessions in Paraguay
TLDR
- Vanguard's acquisition of uranium concessions in Paraguay enhances its exploration strategy, positioning it in a promising uranium region.
- Vanguard will acquire an 85% interest in Paraguay Uranium, providing payments and issuing common shares as outlined in the LOI.
- Vanguard's uranium exploration in Paraguay opens the door to unlocking the region's mineral potential and supporting the global energy transition.
- The Yuty Prometeo Project's proximity to established uranium deposits and historical exploration data offers exciting potential for Vanguard Mining Corp.
Impact - Why it Matters
This news highlights Vanguard Mining Corp.'s strategic move to expand its presence in a promising uranium region in South America. The acquisition of the Yuty Prometeo concessions signifies the company's commitment to advancing its exploration projects and tapping into the growing demand for strategic minerals in the global energy transition.
Summary
Vanguard Mining Corp. has entered into a Letter of Intent to acquire four concessions in Paraguay, totaling 90,000 hectares, adjacent to Uranium Energy Corp.'s Yuty multi-million-pound deposit. The company aims to leverage modern techniques to unlock the full potential of the Yuty Prometeo project, representing a significant step in its uranium exploration strategy.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Vanguard Mining Corp. to Acquire 90,000 Ha Uranium Concessions in Paraguay
