Electroencephalography (EEG) is a vital tool for elucidating cerebral processes; however, it is inherently vulnerable to physiological interference, including cardiac rhythm, ocular movement, and muscular activity. To guarantee the reliability of essential neuronal data, it is imperative to implement efficacious denoising methodologies. This study compares the efficacy of two advanced blind source separation (BSS) techniques applied to EEG signals: variational mode decomposition-based BSS (VMD-BSS) and discrete wavelet transform-based BSS (DWT-BSS). The efficacy of these methods is rigorously assessed using performance metrics such as the Euclidean Distance (ED) and the Spearman Correlation Coefficient (SCC), which evaluate the precision of signal reconstruction and the correlation between the original and denoised signals, respectively. The findings indicate that both methods yield robust results, with minimal Euclidean distances of 704.04 for VMD-BSS and 703.64 for DWT-BSS, and a strong correlation coefficient of 0.82. The results demonstrate the effectiveness of the proposed techniques in removing artifacts while preserving essential neural information in EEG recordings. Furthermore, the proposed techniques are benchmarked against previous studies, considering factors such as signal properties, computational complexity, frequency localization, and flexibility. These findings highlight the importance of customized parameter selection tailored to the specific characteristics of EEG datasets and research objectives.