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Vanguard Mining Corp. to Acquire Yuty Prometeo Uranium Project in Paraguay
Vancouver, BC — June 17, 2025 — NewsWall —Vanguard Mining Corp. (UUU: CSE) (RECHF: OTC) (SL5: Frankfurt) has finalized a Definitive Share Purchase Agreement to acquire all outstanding shares of 1302343 B.C. LTD., which holds an 85% interest in Paraguay Uranium S.A., owner of the Yuty Prometeo Project in Paraguay.
The Yuty Prometeo Project includes four concessions spanning approximately 90,000 hectares within the Paraná Basin, adjacent to Uranium Energy Corp.’s Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.
Vanguard anticipates completing site visits, including core review and data compilation, within the next two weeks and aims to release its maiden NI 43-101 Technical Report within three weeks.
Under the agreement, Vanguard will pay $20,000 upon execution, issue 8,000,000 common shares at a deemed price of $0.145, and pay an additional $20,000 upon the issuance of a Prospecting Permit. The transaction is subject to customary due diligence and regulatory approvals.
Brent Rusin Phone: +1 672-533-0348 E-Mail: brent@vanguardminingcorp.com
Source: Vanguard Mining Corp.