Vancouver, BC – October 24, 2025 – Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU | OTC: UUUFF | Frankfurt: SL51) applauds today’s historic announcement by Prime Minister Mark Carney and Ontario Premier Doug Ford confirming over $3 billion in combined federal and provincial investments to advance construction of the Darlington New Nuclear Project (“DNNP”) — Canada’s first grid-scale Small Modular Reactor (“SMR”) initiative.
As a Canadian exploration company, Vanguard Mining applauds today’s announcement and recognizes the urgent need to expand secure domestic uranium supply to power forthcoming SMR and large-scale nuclear projects nationwide. Our exploration strategy is aligned with Canada’s clean-energy objectives and the build-out of a resilient nuclear fuel supply chain.
David Greenway, CEO of Vanguard Mining Corp., commented: “Canada is entering a new era of clean energy leadership — and uranium will be at its core. The government’s investment in the Darlington SMRs represents a generational opportunity to strengthen energy security and reindustrialize Canada through nuclear power. Vanguard applauds Prime Minister Carney and Premier Ford for this decisive commitment to a nuclear-powered future. Our focus on uranium exploration aligns perfectly with Canada’s clean energy objectives and positions Vanguard to contribute to the secure, sustainable fuel supply this new era demands.”
Uranium Market Strength and Athabasca Basin Financing Momentum
Uranium markets continue to strengthen as global demand accelerates and investor confidence surges. In recent months, exploration companies targeting Canada’s Athabasca Basin have raised substantial capital to advance new discoveries. Notably, NexGen Energy Ltd. closed a global equity offering raising A$1 billion (approximately C$950 million) to advance its flagship Rook I Project. CanAlaska Uranium Ltd. announced a C$15 million best-efforts private placement to fund ongoing exploration (October 9, 2025), while F3 Uranium Corp. completed a C$15 million bought-deal financing aimed at its Saskatchewan projects. Stallion Uranium Corp. also completed an oversubscribed C$15 million non-brokered private placement to advance Athabasca exploration. Across the sector, analysts estimate that uranium developers and explorers have raised more than US$1.2 billion in 2025, reflecting robust capital inflows into the nuclear-fuel supply chain.
Meanwhile, on the supply side, the global uranium outlook is tightening. Demand from new and restarted nuclear reactors is rising sharply, while new mine development has lagged — raising the prospect of future supply shortages. According to industry data, uranium demand is projected to double by 2040, while the U.S. Energy Information Administration warns of a cumulative 184-million-pound shortfall over the next decade if new projects are not developed. Forbes recently reported that uranium has outperformed nearly all other commodities this year, driven by strong demand and ongoing supply disruptions.
The Darlington New Nuclear Project will create thousands of high-paying careers and power hundreds of thousands of Ontario homes with clean energy. This is a generational investment that will build lasting security, prosperity, and opportunities. We’re building big things to build Canada Strong.” — The Rt. Hon. Mark Carney, Prime Minister of Canada.
For Vanguard Mining, this environment reinforces the strategic importance of uranium exploration: escalating demand, constrained supply, and heightened investor financing activity present a unique opportunity to advance domestic projects and help close the emerging supply gap. Analysts continue to highlight the high-grade, geologically rich Athabasca Basin as the cornerstone of Canada’s uranium future and a critical region for meeting global clean-energy goals.
“Today’s investment to support the first SMRs in the G7 is a downpayment on Ontario’s nuclear energy future. We’re protecting Ontario by supporting good-paying, long-term jobs for Ontario workers and building the energy infrastructure – including both SMRs and new, large-scale nuclear – needed to make Ontario an energy superpower.” — The Hon. Doug Ford, Premier of Ontario
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”).
About Vanguard Mining Corp.
Vanguard Mining Corp. is a Canadian mineral exploration company focused on the discovery and development of high-value strategic minerals. The Company is currently advancing exploration projects in Argentina, Canada and Paraguay, with a focus on identifying and developing assets critical to the global energy transition. Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and and sign up for updates at Vanguardminingcorp.com
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 news release constitute “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and include, but are not limited to, statements regarding beliefs, plans, expectations, intentions, objectives, strategies, future performance, and anticipated events or results. Forward-looking statements are based on management’s current expectations, estimates, and assumptions, which may prove to be incorrect, and are subject to known and unknown risks and uncertainties that could cause actual results, performance, or developments to differ materially from those expressed or implied. There can be no assurance that the events anticipated in forward-looking statements will occur, or, if they do, what benefits Vanguard will obtain from them. Factors that could cause actual results to differ materially include, among others, exploration results, availability of financing, commodity prices, permitting and regulatory risks, operating risks, and other risks described in the Company’s public disclosure. Forward-looking statements in this release are made as of the date hereof, and Vanguard undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements.
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