Vanguard Mining (CSE:UUU) is advancing its Paraguay uranium strategy after receiving the final set of environmental licences as part of a regulatory advancement of the Yuty Prometeo-San Jose Uranium Project.
Concurrently, the company has applied for a prospection permit, representing a critical step toward full-scale uranium exploration authorisation across the project area.
The licences 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.
Vanguard says this milestone comes as Paraguay’s role in global critical mineral supply chains gains visibility, underscored by its recent participation alongside the US at a high-level ministerial summit in Washington, US.
The company believes the alignment reinforces the strategic relevance of its uranium portfolio as the US 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 defence initiatives.
CEO David Greenway says 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,” Greenway says.
“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.”
The Yuty Prometeo-San Jose Uranium Project, covering 90,000 hectares, is located within the Paraná Basin. The project comprises four concessions and is directly contiguous to Uranium Energy’s (NYSE:UEC) Yuty Project.
Vanguard Mining is a Canadian mineral explorer focused on supporting the global transition to green, renewable energy by advancing uranium production.
Write to Aaliyah Rogan at Mining.com.au
Images: Vanguard Mining
