
June 17, 2025
Vanguard Mining Corp. ("Vanguard" or the "Company") (UUU: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to announce that, further to its Letter of Intent (“LOI”) dated April 8, 2025, it has entered into a Definitive Share Purchase Agreement (the “Agreement”) to acquire all of the outstanding shares of 1302343 B.C. LTD. (“BC LTD”) which holds an 85% interest in Paraguay Uranium S.A. (“Paraguay Uranium”) that owns four concessions comprising the Yuty Prometeo Project in southeastern Paraguay, the terms of which are outlined below (“Transaction Terms”).
The four concessions — including the three San Jose and one Yuty Uno concession — collectively span approximately 90,000 hectares (222,395 acres) within the prolific Paraná Basin, one of South America’s most promising uranium regions. The project area is located adjacent to Uranium Energy Corp.’s (“UEC”) established Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.
This acquisition follows the Company’s previously announced updates on April 17 and June 12, 2025. Vanguard expects to complete site visits, including core review and data compilation, within the next two weeks. The Company is targeting the completion of its maiden NI 43-101 Technical Report within three weeks.
David Greenway, CEO of Vanguard Mining Corp., commented, "The acquisition of the Yuty Prometeo concessions represents a transformative step forward in Vanguard’s uranium exploration strategy. These highly prospective concessions, located adjacent to UEC’s established Yuty multi-million-pound deposit, position us in one of the most promising uranium regions in South America. We are excited to build on the historical exploration and leverage modern techniques to unlock the project's full potential."
Transaction Terms
Under the terms of the Agreement entered into with 1302343 BC Ltd. and its shareholders (collectively, the “Vendors”), Vanguard will acquire 100% of the issued and outstanding shares of BC LTD. BC LTD which holds an 85% interest in Paraguay Uranium S.A., which in turn owns a 100% legal and beneficial interest in the Yuty Prometeo concessions in southeastern Paraguay. The concessions are contiguous to UEC’s Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.
Vanguard has agreed to purchase all of the outstanding shares of BC LTD and its 85% interest in Paraguay Uranium S.A. by:
- Paying $20,000 upon execution of the Agreement; and
- Issuing 8,000,000 common shares of Vanguard to the shareholders of BC LTD, pro rata to their holdings at a deemed price of $0.145; and
- Paying an additional $20,000 upon the issuance of a Prospecting Permit, which authorizes both surface exploration and drilling activities.
The Agreement remains subject to customary due diligence, Closing and applicable regulatory approvals. All securities issued in connection with the transaction will be subject to a four-month and one-day hold period in accordance with Canadian securities laws.
About the Yuty Prometeo Project
The Yuty Prometeo consists of four (4) concessions—three (3) San Jose concessions and one (1) Prometeo concession—covering a combined area of approximately 90,000 hectares (222,395 acres) within the uranium-rich Paraná Basin in southeastern Paraguay.
The Prometeo Concession spans approximately 27,666 hectares (68,368 acres) and is directly contiguous to UEC’s Yuty Project. Historical records reference 28 drill holes on the property, with uranium values ranging from 0.05% to 0.10% U₃O₈. Data from previous work by the Anschutz Corporation suggest that the Prometeo block lies on trend with UEC’s adjacent Transandes block.
Figure 1: Project map of the Yuty Prometeo Concessions showing regional road access, Vanguard’s San Jose and Prometeo concession boundaries, and the adjacent Uranium Energy Corp. (UEC) Yuty Project.
The San Jose Concessions encompass approximately 62,210 hectares (153,754 acres) across three contiguous claims situated along the Upper Permian–Carboniferous contact, approximately 100 km northwest of UEC’s Yuty Project and 40 km west of its Coronel Oviedo Project. A radiometric car survey conducted over a 40 km by 10 km area delineated significant uranium anomalies across the property. Collectively, these concessions represent a strategically positioned and highly prospective uranium exploration asset within one of South America’s most promising uranium districts.
Notes:
Vanguard concession blocks are shown as Vanguard Mining and outlined with black-orange lines. Radiometric anomalies: Increasing intensity is shown in yellow-pink-red-violet-blue.
About UEC’s Yuty ISR Project
The Yuty ISR Project, owned by UEC, covers approximately 117,359 hectares (290,000 acres) and is located about 200 kilometers east and southeast of Asunción, the capital of Paraguay. Positioned within the Paraná Basin, the area hosts several known uranium deposits, including Figueira and Amorinópolis in Brazil. Preliminary studies indicate the deposit is amenable to in situ recovery (“ISR”) — the same low-cost extraction method UEC successfully employs at its operations in Texas.
Modern exploration of the Yuty Project began in 1976, when Anschutz of Denver, Colorado, conducted regional uranium exploration under a joint venture with Korea Electric Power Corporation and Taiwan Power Company. Working under an exclusive concession covering 162,700 square kilometers, nearly the entire eastern half of Paraguay, Anschutz identified multiple target areas, including Yuty. From 1976 to 1983, the company drilled approximately 75,000 meters of core and rotary holes, halting further work due to declining uranium prices.
In July 2006, CUE Resources Ltd. (“CUE”) acquired an option on the Yuty Project and launched its own rotary and diamond drilling campaigns. Between 2007 and 2010, CUE completed 256 drill holes totaling 31,000 meters, ultimately acquiring 100% ownership of the project.
On March 30, 2012, UEC acquired all outstanding shares of CUE Resources Ltd., securing a 100% undivided interest in the Yuty Project.1
Resource Estimates
The current disclosed resource for UEC’s Yuty Project is 8.962 million lbs of U308 Indicated, and 2.203 million lbs of U308 Inferred, which has been finalized in a technical report prepared for UEC titled “Yuty Uranium Project Initial Assessment US SEC Subpart 1300 Regulation SK Report, Paraguay SA” dated July 1, 2022. 2
Vanguard’s management cautions that past results or discoveries on properties adjacent to Vanguard’s projects may not be indicative of mineralization on the Company’s own properties.
About Paraguay
The Republic of Paraguay is an emerging mining jurisdiction in the heart of South America, bordered by Brazil, Argentina, and Bolivia. Known for its political stability, low sovereign risk, and investor-friendly regulatory environment, Paraguay offers a supportive framework for mineral exploration and development. The country has a democratic government, strong legal protections for foreign investment, and a growing interest in unlocking its untapped mineral potential, particularly in uranium, rare earth elements, and base metals. With abundant land, a relatively low population density, and improving infrastructure, Paraguay is increasingly recognized as a geopolitically stable and strategically attractive destination for mining companies seeking long-term growth opportunities.
About Vanguard Mining Corp.
Vanguard Mining Corp. is a mineral exploration and development company dedicated to the discovery and advancement of high-value strategic mineral assets. The Company is focused on creating long-term value through the responsible acquisition and development of highly prospective projects located in stable, mining-friendly jurisdictions worldwide.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and Instagram and sign up for updates at Vanguardminingcorp.com
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Lawrence Segerstrom, a consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
On Behalf of the Board of Directors
“David Greenway”
David Greenway, CEO
For further information, please contact:
Vanguard Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
E-Mail: brent@vanguardminingcorp.com
Website: vanguardminingcorp.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Vanguard’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Vanguard will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Vanguard’s results of exploration or review of properties that Vanguard does acquire. These forward-looking statements are made as of the date of this news release and Vanguard assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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14 July
Exploration for Rare Earths to commence at Myoff Creek
14 July
Company Update - Name Change to 'American Uranium Limited'
10 July
Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update
Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.
“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.
“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.
The 2025 summer drill program will target a priority zone identified in the winter campaign, where key geological features associated with high-grade uranium converge, further presenting a strong opportunity for high-grade discovery and resource expansion.
Watch the full interview with Terra Clean Energy president and CEO Greg Cameron above.
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10 July
Placement Shares Issued & Drilling Approval Expected August
09 July
Top 3 ASX Uranium Stocks of 2025
Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.
Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.
Against that backdrop, ASX-listed uranium companies have been making moves in 2025.
Below the Investing News Network has listed the top-performing uranium shares on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on July 3, 2025, and Australian uranium companies with market caps above AU$10 million at the time were considered. Read on to learn more about uranium firms and what they've been up to so far this year.
1. Boss Energy (ASX:BOE)
Year-to-date gain: 72.02 percent
Market cap: AU$1.84 billion
Share price: AU$4.18
Boss Energy is one of Australia’s largest uranium mining companies by market cap. The company has been ramping up production at its Honeymoon uranium mine in South Australia and its Alta Mesa uranium mine joint-venture in South Texas. Boss Energy holds a 30 percent stake in Alta Mesa, with the remaining 70 percent owned by enCore Energy (TSXV:EU,NASDAQ:EU).
So far in 2025, Boss Energy has expanded its holdings in Australia’s uranium sector. The company entered into a binding option and earn-in agreement in early March with Eclipse Metals (ASX:EPM), which will grant Boss Energy the option to earn up to an 80 percent interest in the Liverpool uranium project in the Northern Territory.
A few days later, Boss Energy increased its position in Laramide Resources (ASX:LAM,TSX:LAM,OTCQX:LMRXF) to 18.4 percent. Laramide’s flagship asset is the Westmoreland uranium project in Queensland. While the state currently holds a moratorium on uranium mining, Boss Energy Managing Director Duncan Craib stated the company is confident the Queensland government will “inevitably lift” the ban.
The company announced on June 18 that it had met its first-year production guidance of 850,000 pounds of U3O8 at Honeymoon for the fiscal year 2025.
Shares of Boss Energy reached their 2025 peak on June 30 at AU$4.67.
2. Aura Energy (ASX:AEE)
Year-to-date gain: 24 percent
Market cap: AU$146.04 million
Share price: AU$0.16
Aura Energy is exploring and developing uranium and polymetallic projects in Africa and Europe. The company’s most advanced asset is the Tiris uranium project in Mauritania. The 2024 FEED study on Tiris demonstrates the potential for a near-term, low-cost uranium mine producing 2 million pounds of U3O8 per year over a 25 year mine life.
Aura Energy is hoping to bring the Tiris uranium mine into production in 2027.
Additionally, Aura wholly owns the Häggån vanadium-potash-uranium project in Sweden, which contains one of the world's largest uranium deposits, according to the company. Sweden currently has a ban on uranium mining, but the country's current government is taking steps towards lifting it to support the country's nuclear energy production.
In early June, Aura shared that it is holding discussions with the Swedish government and entered a strategic collaboration agreement with fellow Australia-based, Sweden-focused company Neu Horizon Uranium.
Shares of Aura Energy hit a year-to-date high of AU$0.18 twice so far this year, most recently on June 30. This followed the June 26 release announcing the publishing of the Environmental and Social Impact Assessment on the US International Development Finance Corporation website. Aura applied to the organization for debt financing to cover a portion of development costs for Tiris.
3. Elevate Uranium (ASX:EL8)
Year-to-date gain: 16.98 percent
Market cap: AU$119.54 million
Share price: AU$0.31
Elevate Uranium is exploring and developing uranium projects in the top uranium producing nations of Namibia and Australia. Its project pipeline includes the Koppies and Marenica projects in Namibia, and the Minerva and Angela projects in Australia.
Koppies is its most advanced project and has a near-surface resource of 66 million pounds of U3O8.
Elevate has also developed the proprietary U-pgrade beneficiation process, which reduces ore mass by greater than 95 percent prior to leaching. This results in concentrated uranium with grades of about 10,000 parts per million uranium.
The company’s presentation released in mid-June outlines that its U-pgrade demonstration plant at the Koppies project will be operational by the end of 2025. Additionally, The company plans to begin a project study at Koppies in late 2025.
Shares of Elevate Uranium reached their 2025 peak on June 18 at AU$0.35.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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09 July
North Shore Uranium Engages Investing News Network
North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").
INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.
The INN Agreement is subject to approval by the TSX Venture Exchange.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico (see news release dated June 24, 2025). North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring its Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan, expanding its exploration efforts to include the Grants Uranium District in New Mexico and by evaluating other quality opportunities in the United States and Canada to complement its portfolio of uranium properties. North Shore summarized exploration efforts at its Falcon property in a May 27, 2025, news release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the completion of the Offering; the completion and expected terms of the Transaction, the parties' abilities to meet the closing conditions of the Transaction, the number of securities to be issued by the Company in connection with the Transaction, receipt of all necessary approvals for the completion of the Transaction, the completion of satisfactory due diligence, execution of a definitive agreement, and the Company's ability to meet the terms of the Transaction; the highly speculative nature of the Transaction given the early-stage nature of Rio Puerco; the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value at the Company's Falcon property in Saskatchewan; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Click here to connect with North Shore Uranium Ltd. (TSXV:NSU) to receive an Investor Presentation
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