North Shore Declares Binding Time period Sheet for Rio Puerco Uranium Mission in New Mexico, USA
Vanguard Mining Corp. (“Vanguard” or the “Firm”) (UUU: CSE) (RECHF: OTC) (SL5: Frankfurt) is happy to announce that, additional to its Letter of Intent (“LOI”) dated April 8, 2025, it has entered right into a Definitive Share Buy Settlement (the “Settlement”) to amass all the excellent shares of 1302343 B.C. LTD. (“BC LTD”) which holds an 85% curiosity in Paraguay Uranium S.A. (“Paraguay Uranium”) that owns 4 concessions comprising the Yuty Prometeo Mission in southeastern Paraguay, the phrases of that are outlined under (“Transaction Phrases”).
The 4 concessions — together with the three San Jose and one Yuty Uno concession — collectively span roughly 90,000 hectares (222,395 acres) throughout the prolific Paraná Basin, considered one of South America’s most promising uranium areas. The mission space is positioned adjoining to Uranium Vitality Corp.’s (“UEC”) established Yuty Deposit, which hosts an Indicated useful resource of 8.96 million kilos of U₃O₈.
This acquisition follows the Firm’s beforehand introduced updates on April 17 and June 12, 2025. Vanguard expects to finish web site visits, together with core evaluate and knowledge compilation, throughout the subsequent two weeks. The Firm is concentrating on the completion of its maiden NI 43-101 Technical Report inside three weeks.
David Greenway, CEO of Vanguard Mining Corp., commented, “The acquisition of the Yuty Prometeo concessions represents a transformative step ahead in Vanguard’s uranium exploration technique. These extremely potential concessions, positioned adjoining to UEC’s established Yuty multi-million-pound deposit, place us in one of the promising uranium areas in South America. We’re excited to construct on the historic exploration and leverage trendy strategies to unlock the mission’s full potential.”
Transaction Phrases
Underneath the phrases of the Settlement entered into with 1302343 BC Ltd. and its shareholders (collectively, the “Distributors”), Vanguard will purchase 100% of the issued and excellent shares of BC LTD. BC LTD which holds an 85% curiosity in Paraguay Uranium S.A., which in flip owns a 100% authorized and helpful curiosity within the Yuty Prometeo concessions in southeastern Paraguay. The concessions are contiguous to UEC’s Yuty Deposit, which hosts an Indicated useful resource of 8.96 million kilos of U₃O₈.
Vanguard has agreed to buy all the excellent shares of BC LTD and its 85% curiosity in Paraguay Uranium S.A. by:
- Paying $20,000 upon execution of the Settlement; and
- Issuing 8,000,000 widespread shares of Vanguard to the shareholders of BC LTD, professional rata to their holdings at a deemed value of $0.145; and
- Paying an extra $20,000 upon the issuance of a Prospecting Allow, which authorizes each floor exploration and drilling actions.
The Settlement stays topic to customary due diligence, Closing and relevant regulatory approvals. All securities issued in reference to the transaction shall be topic to a four-month and one-day maintain interval in accordance with Canadian securities legal guidelines.
Concerning the Yuty Prometeo Mission
The Yuty Prometeo consists of 4 (4) concessions—three (3) San Jose concessions and one (1) Prometeo concession—protecting a mixed space of roughly 90,000 hectares (222,395 acres) throughout the uranium-rich Paraná Basin in southeastern Paraguay.
The Prometeo Concession spans roughly 27,666 hectares (68,368 acres) and is immediately contiguous to UEC’s Yuty Mission. Historic data reference 28 drill holes on the property, with uranium values starting from 0.05% to 0.10% U₃O₈. Knowledge from earlier work by the Anschutz Company counsel that the Prometeo block lies on pattern with UEC’s adjoining Transandes block.
Click on Picture To View Full Dimension
Determine 1: Mission map of the Yuty Prometeo Concessions exhibiting regional street entry, Vanguard’s San Jose and Prometeo concession boundaries, and the adjoining Uranium Vitality Corp. (UEC) Yuty Mission.
The San Jose Concessions embody roughly 62,210 hectares (153,754 acres) throughout three contiguous claims located alongside the Higher Permian–Carboniferous contact, roughly 100 km northwest of UEC’s Yuty Mission and 40 km west of its Coronel Oviedo Mission. A radiometric automotive survey carried out over a 40 km by 10 km space delineated important uranium anomalies throughout the property. Collectively, these concessions signify a strategically positioned and extremely potential uranium exploration asset inside considered one of South America’s most promising uranium districts.
Notes:
Vanguard concession blocks are proven as Vanguard Mining and outlined with black-orange strains. Radiometric anomalies: Growing depth is proven in yellow-pink-red-violet-blue.
About UEC’s Yuty ISR Mission
The Yuty ISR Mission, owned by UEC, covers roughly 117,359 hectares (290,000 acres) and is positioned about 200 kilometers east and southeast of Asunción, the capital of Paraguay. Positioned throughout the Paraná Basin, the world hosts a number of recognized uranium deposits, together with Figueira and Amorinópolis in Brazil. Preliminary research point out the deposit is amenable to in situ restoration (“ISR”) — the identical low-cost extraction technique UEC efficiently employs at its operations in Texas.
Fashionable exploration of the Yuty Mission started in 1976, when Anschutz of Denver, Colorado, carried out regional uranium exploration beneath a three way partnership with Korea Electrical Energy Company and Taiwan Energy Firm. Working beneath an unique concession protecting 162,700 sq. kilometers, practically the complete japanese half of Paraguay, Anschutz recognized a number of goal areas, together with Yuty. From 1976 to 1983, the corporate drilled roughly 75,000 meters of core and rotary holes, halting additional work because of declining uranium costs.
In July 2006, CUE Sources Ltd. (“CUE”) acquired an possibility on the Yuty Mission and launched its personal rotary and diamond drilling campaigns. Between 2007 and 2010, CUE accomplished 256 drill holes totaling 31,000 meters, in the end buying 100% possession of the mission.
On March 30, 2012, UEC acquired all excellent shares of CUE Sources Ltd., securing a 100% undivided curiosity within the Yuty Mission.1
Useful resource Estimates
The present disclosed useful resource for UEC’s Yuty Mission is 8.962 million lbs of U308 Indicated, and a pair of.203 million lbs of U308 Inferred, which has been finalized in a technical report ready for UEC titled “Yuty Uranium Mission Preliminary Evaluation US SEC Subpart 1300 Regulation SK Report, Paraguay SA” dated July 1, 2022. 2
Vanguard’s administration cautions that previous outcomes or discoveries on properties adjoining to Vanguard’s initiatives is probably not indicative of mineralization on the Firm’s personal properties.
About Paraguay
The Republic of Paraguay is an rising mining jurisdiction within the coronary heart of South America, bordered by Brazil, Argentina, and Bolivia. Recognized for its political stability, low sovereign threat, and investor-friendly regulatory setting, Paraguay provides a supportive framework for mineral exploration and improvement. The nation has a democratic authorities, robust authorized protections for overseas funding, and a rising curiosity in unlocking its untapped mineral potential, notably in uranium, uncommon earth parts, and base metals. With plentiful land, a comparatively low inhabitants density, and enhancing infrastructure, Paraguay is more and more acknowledged as a geopolitically secure and strategically enticing vacation spot for mining corporations looking for long-term development alternatives.
About Vanguard Mining Corp.
Vanguard Mining Corp. is a mineral exploration and improvement firm devoted to the invention and development of high-value strategic mineral belongings. The Firm is targeted on creating long-term worth via the accountable acquisition and improvement of extremely potential initiatives positioned in secure, mining-friendly jurisdictions worldwide.
All Stakeholders are inspired to observe the Firm on its social media profiles on LinkedIn, X.com, Fb and Instagram and join updates at Vanguardminingcorp.com
Certified Individual
The scientific and technical data contained on this information launch has been reviewed and permitted by Lawrence Segerstrom, a consulting geologist who’s a “Certified Individual” as such time period is outlined beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43- 101”).
On Behalf of the Board of Administrators
“David Greenway”
David Greenway, CEO
For additional data, please contact:
Vanguard Mining Corp.
Brent Rusin
Cellphone: +1 672-533-0348
E-Mail: brent@vanguardminingcorp.com
Web site: vanguardminingcorp.com
Neither the Canadian Securities Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.
Disclaimer for Ahead-Wanting Info
Sure statements on this launch are forward-looking statements, which replicate the expectations of administration concerning Vanguard’s intention to proceed to determine potential transactions and make sure company adjustments and purposes. Ahead trying statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations, or intentions concerning the long run. Such statements are topic to dangers and uncertainties that will trigger precise outcomes, efficiency, or developments to vary materially from these contained within the statements. No assurance could be provided that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages Vanguard will acquire from them. These forward-looking statements replicate managements’ present views and are based mostly on sure expectations, estimates and assumptions which can show to be incorrect. A lot of dangers and uncertainties may trigger precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with Vanguard’s outcomes of exploration or evaluate of properties that Vanguard does purchase. These forward-looking statements are made as of the date of this information launch and Vanguard assumes no obligation to replace these forward-looking statements, or to replace the explanation why precise outcomes differed from these projected within the forward-looking statements, besides in accordance with applicable securities legal guidelines.
