Vanguard Mining announce that it has received its final set of Environmental Licences, bringing the total to four Environmental Licences, from Paraguay’s Ministerio del Ambiente y Desarrollo Sostenible (“MADES”) as part of the regulatory advancement of the Company’s 90,000-hectare Yuty Prometeo–San Jose Uranium Project in southeastern Paraguay.
In parallel with the receipt of these licences, Vanguard has applied for its Prospection Permit with Paraguay’s Vice Ministry of Mining and Energy (“VMME”), a critical step toward full-scale uranium exploration authorization across the project area. “The Environmental Licences now cover the entirety of Vanguard’s land position at Yuty Prometeo–San Jose and represent the final environmental approvals required for the project, with no additional environmental licences outstanding. This positions the Company at an advanced stage of the Paraguayan permitting process.
This regulatory milestone comes as Paraguay’s role in global critical-mineral supply chains gains visibility, underscored by its recent participation alongside the United States at a high-level ministerial summit in Washington, D.C., hosted by the U.S. Department of State. The February 4 meeting focused on technical cooperation, strategic investment, and supply-chain alignment for critical minerals, including uranium, lithium, and rare earth elements. Deputy Minister of Mines and Energy Mauricio Bejarano said surging global demand has firmly placed Paraguay on the radar of international partners.
Vanguard believes this alignment reinforces the strategic relevance of its uranium portfolio as the United States and its allies accelerate efforts to secure diversified, transparent, and geopolitically stable sources of nuclear fuel and other critical materials essential to energy security, advanced technologies, and national defense initiatives.
David Greenway, Chief Executive Officer of Vanguard Mining, commented: “The receipt of our final MADES Environmental Licences marks a significant permitting milestone and further advances the Yuty Prometeo–San Jose Uranium Project toward prospection authorization. These approvals meaningfully de-risk the project and reflect continued regulatory progress in Paraguay.
As global demand for uranium and other critical minerals continues to grow, Paraguay is emerging as a stable and underexplored jurisdiction of increasing strategic relevance. Vanguard is focused on responsibly advancing high-quality uranium assets and positioning the Company to participate in the development of diversified and secure nuclear fuel supply chains.”
About the Yuty Prometeo Project
Vanguard’s 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.[1]
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.
