Uranium Exploration Kicks Off Across 23,000+ Hectares in Top-Tier Canadian Basin

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1. Disclosure for the quote from the John Newell article published on February 25, 2026

1. For the quoted article (published on February 25, 2026), Vanguard Mining has paid Street Smart, an affiliate of Streetwise Reports, US$3,050.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) announced that exploration activities have commenced at the Nucleon Uranium Project in Saskatchewan’s Athabasca Basin. The project consists of four exploration areas covering 23,424.90 hectares across seven mineral claims and is situated within regional geological trends associated with uranium mineralization.

The company previously engaged Hardline Exploration Ltd. to manage and execute the initial exploration program. Current work is underway through a geochemical screening program designed to evaluate the property and identify areas for follow-up exploration. Sampling is being conducted as part of a Phase 1 program focused on lake sediment geochemical surveys to assess uranium distribution and associated pathfinder elements across the claims.

David Greenway, CEO of Vanguard Mining Corp., stated in a company news release, "Exploration activities are now underway through a geochemical screening program conducted by Hardline Exploration, which is designed to evaluate the property and identify areas for follow-up work in a systematic and technically informed manner."

The company noted that the project is located within a geological setting that hosts several uranium deposits and that no records of significant recent systematic modern exploration have been identified on the claims. The Phase 1 program includes systematic sampling, multi-element geochemical analysis, interpretation and mapping of anomalies, and prioritization of areas for follow-up work.

Sampling is being conducted under winter conditions to allow access to frozen lake surfaces and support systematic sediment collection. The company stated that lake sediments can capture geochemical dispersion from underlying bedrock through groundwater movement and glacial transport processes.

The company also indicated that results from the Phase 1 program will be used to evaluate and rank exploration areas and support planning for potential subsequent activities, which may include ground geophysics, radiometric surveys, additional geochemical sampling, permitting, stakeholder consultation, and potential drill testing.

Rising Demand and Market Tightness Shape Uranium Sector Trends

According to an April 11 update from Excelsior Prosperity with Shad Marquitz, uranium pricing had moved within a broader commodities trend, with the report noting that "Uranium futures prices have been in a gradual uptrend over the last year." The analysis stated that U3O8 pricing had increased from the US$63 to US$65 range in March and April 2025 to between US$83.50 and US$86.50 in March and April, reflecting steady movement over that period. The report also stated that uranium had experienced similar volatility patterns as other metals, noting that it "corrected much lower through March, and has just also put in 3 bullish green weekly candles in a row, to close last week at US$85.40."

The same analysis indicated that uranium was influenced by broader market behavior, stating that "even it couldn’t escape the buying and selling patterns of resource investors and generalists as the piled in or out of the metals complex." It further stated that uranium is "really more an energy metal," distinguishing it from precious and base metals despite short-term correlations in trading activity.

A separate April 14 report from VBL described structural factors affecting the uranium market, stating that "Uranium’s bull market strengthens as supply deficits, fuel-cycle disruptions, and surging nuclear demand converge." The report added that these conditions were "creating a structurally tight market with durable upside and a growing scarcity premium."

Uranium prices have moved higher in recent periods as demand for nuclear fuel has increased alongside rising global electricity needs. According to an April 14 post from Englewood Today, market activity reflected growing interest in securing long-term uranium supply, with utilities seeking to reduce exposure to volatility in the spot market.

The report stated that recent transactions and outstanding offers contributed to upward pressure on uranium pricing, as market participants responded to higher forecast nuclear fuel requirements. It noted that the increased demand was tied to uranium’s role as a fuel source for nuclear power generation.

Analyst Notes Uranium Growth and Technical Breakout

¹In a February 25 technical analyst opinion, John Newell of John Newell & Associates rated Vanguard Mining Corp. as a "Speculative Buy." He noted that "When a junior begins to align operational progress with technical momentum, it deserves a fresh look. That appears to be unfolding now."

Newell stated that "Since our last report, the company has strengthened its South American uranium position and secured environmental permits on its Paraguayan projects, marking tangible progress beyond early-stage concept." He further stated that "Recent news confirms that Vanguard has expanded its uranium footprint in South America while also receiving environmental permits for its Paraguayan projects. This is important."

In his technical review, Newell stated that "The updated chart confirms that Vanguard Mining Corp. has completed a significant technical transition." He noted that "Both the CA$0.32 first target and the CA$0.50 second target have now been met." He added that "The breakout through former resistance occurred on expanding volume, a critical confirmation signal that accumulation was underway rather than a short-lived spike."

He further stated that "Momentum indicators remain constructive, and volume expansion during the breakout phase was decisive." Newell outlined additional price levels, stating "Interim Target: ~CA$0.60 cents," "Third Target: CA$0.90 in play," and "Big Picture Target: CA$1.50." He concluded that "the combination of strategic uranium exposure, copper leverage, and a confirmed technical breakout supports maintaining a Speculative Buy rating at current levels of ~ CA$0.17 cents."

Exploration Program and Upcoming Work

According to the company's investor presentation, the Phase 1 exploration program at the Nucleon Uranium Project is expected to be completed in Q2 2026 and includes systematic lake sediment sampling across all claim blocks, multi-element geochemical analysis targeting uranium and associated pathfinder elements, interpretation and mapping of geochemical anomalies, and prioritization of areas for follow-up exploration. 

Results from this program will be used to evaluate and rank exploration areas and to support planning of subsequent exploration activities. These potential follow-up activities may include ground geophysics, radiometric surveys, additional geochemical sampling, permitting, consultation with relevant stakeholders, and potential drill testing.

Ownership and Share Structure²

Approximately 3.95% of Vanguard Mining is held by management and insiders, with the remaining shares held by a mix of retail and other investors. The rest is retail.

Vanguard Mining Corp. has 91,822,737 shares outstanding and an estimated market capitalization of approximately US$8.42 million, based on recent trading prices. Shares trade in a 52-week range between US$0.0783 and US$0.49.