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VANCOUVER, British Columbia, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the deployment of its field crew to the Ubiquity Lake Uranium Project in Northern Saskatchewan. Prospecting will be focused on mapping historic showings, as well as high-value target zones identified through historic prospecting and geophysical programs. As part of the survey, the entire claim block will be surveyed with state-of-the-art RS100 scintillometers to establish a baseline and to investigate radioactive target zones. Specifically, the Company will be targeting UL2014, where a 2014 prospecting and grab rock sampling program yielded values of 187 ppm U and 449 ppm Th from pegmatitic quartz-rich zones in a granite gneiss outcrop, and 678 ppm U and 679 ppm Th from a quartz-rich pegmatitic granitic gneiss boulder. In addition, the field crew will prospect Target Zones 1 and 2 (T1 and T2), high-priority anomalies identified through an interpretation of geophysical datasets by Condor Consulting of Lakewood, Colorado. Peter Born, President of Bedford, commented, “We are excited to commence our 2024 inaugural prospecting program at Ubiquity Lake. The historic data combined with our recent geophysical interpretations suggest significant potential for uranium mineralization. With the necessary permits now in hand, our field team is eager to validate these targets and advance our understanding of the project's geology.” Background: The principal target zones at the Ubiquity Lake Uranium Project are northwest-trending subsurface conductive anomalies identified through a 2014 VTEM survey completed by Noka Resources Inc. and Alpha Exploration Inc. Additionally, the Company will be exploring conductive anomalies identified through a 2007 GEOTEM survey completed by Stikine Gold Corporation. A ground survey conducted in 2014 yielded numerous radioactive samples, with readings up to 2000 cps. In 2014, a helicopter-borne EM and magnetic survey carried out by Aeroquest and Condor Consulting Inc. identified 13 target zones needing follow-up exploration in the field. The target model is structurally controlled conductive graphitic zones within the basement rocks that could potentially host uranium deposits. The predicted depth to the basement is less than 50 m, which was consistently achieved throughout the survey area. The Company will be investigating areas with electromagnetic-magnetic targets and areas with anomalous uranium in surface outcrops. Given the project’s proximity to the southern lip of the Athabasca Basin, the Company is pursuing an exploration model similar to Fission’s Patterson Lake South Deposit and NexGen’s Arrow Deposit, which are shear-hosted basement deposits with continuity at depth. Bedford remains committed to conducting all exploration activities with a focus on environmental responsibility. The Company prioritizes minimizing its environmental footprint and ensuring that all operations are sustainable and responsible. Additionally, Bedford values its relationships with local communities and indigenous groups and is committed to working collaboratively with these stakeholders to ensure that its activities bring positive benefits to the region. Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and the President of the Company and is responsible for and has approved the technical information contained in this release. About Bedford Metals Corp. Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine and the McArthur River Mine. Access to the property is done through a network of roads and trails. The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. The Sheppard Lake Uranium Project, covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast. The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INChttps://mrkt360.comAlex Zertuchealexz@mrkt360.comFor E.S.T Office Hours, Call 1 416-477-0587 Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73cb2e1e-e447-4824-8901-83dc7242ca47 https://www.globenewswire.com/NewsRoom/AttachmentNg/3887113b-80fe-4cc1-b552-54d2eec5a553
VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce that following completion of a diligence review, it has entered into a definitive option agreement (the “Option Agreement”), dated July 8, 2024, with an arms-length vendor, pursuant to which it has been granted the right to acquire the Sheppard Lake Uranium Project, subject to a net smelter returns royalty. The Sheppard Lake Uranium Project covers an area of approximately 2250 hectares and adjoins Bedford’s Ubiquity Lake Project to the southeast. With this transaction, the Company now has under option over 3600 hectares of prospective ground located just south of the Athabasca Basin's lip. The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions. The main target at Sheppard Lake is a ~4km, northwest-trending EM conductor, which extends onto the Ubiquity Lake block and forms part of a larger array of near-surface conductive anomalies. This EM anomaly, which intersects the Cable Bay Shear Zone, has been observed in several airborne surveys, including a notable 2007 Aeromagnetic and Electromagnetic survey conducted by Fugro for Stikine Gold Corporation. Subsurface EM conductors lying within magnetic lows are highly desirable exploration targets for uranium in northern Saskatchewan, as many significant uranium discoveries in and around the Athabasca Basin have originated from such targets. Peter Born, President of Bedford, commented, “I want to thank our dedicated team for their hard work in completing diligence over the past several months. The Sheppard Lake project expands the size and scope of the existing Ubiquity Lake Project, providing us with a further strategic advantage in this highly prospective region.” With the addition of the Sheppard Lake Uranium Project, Bedford will review its exploration plans for the summer to incorporate this additional property. The expanded project area will allow for a more comprehensive exploration program aimed at identifying and developing high-potential uranium targets. For further information regarding the Sheppard Lake Uranium Project, and the terms by which the Company can acquire the Project, readers are encouraged to review the news release issued by the Company on March 7, 2024. No finders' fees or commissions are payable by the Company in connection with the entering into of the Option Agreement, nor does the Option Agreement contemplate that any securities of the Company will be issued. Bedford is committed to conducting all exploration activities to the highest environmental standards. The Company is dedicated to minimizing its environmental footprint and ensuring that all operations are sustainable and responsible. Additionally, Bedford values its relationships with local communities and indigenous groups and is committed to working collaboratively to ensure that its activities bring positive benefits to these stakeholders. Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and the president of the Company and is responsible for and has approved the technical information contained in this release. About Bedford Metals Corp. Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine and the McArthur River Mine. Access to the property is done through a network of roads and trails. The Sheppard Lake Uranium Project, covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast. The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INC https://mrkt360.com Alex Zertuche alexz@mrkt360.com For E.S.T Office Hours, Call 1 416-477-0587 Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/0d7531a8-ddf0-4ac0-9548-dacd7dc3d160https://www.globenewswire.com/NewsRoom/AttachmentNg/670117fd-5604-429a-ba17-3427ef931659
VANCOUVER, British Columbia, July 03, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) announces that it has accelerated its due diligence on the Sheppard Lake Uranium Project in light of recent activities in the area. The recent takeover offer by Paladin Energy Ltd. for Fission Uranium Corp. has underscored the increasing mergers and acquisitions (M&A) activity in the Athabasca Basin, reinforcing Bedford’s belief that the uranium industry in Canada is poised for significant expansion as nuclear energy is likely to play a pivotal role in the clean energy transformation. The proposed acquisition by Paladin Energy, as reported by CarbonCredits.com on June 26, 2024, highlights the growing strategic importance of uranium in the global energy landscape. The article, titled "Paladin Energy Offers C$1.14 B to Canada’s Fission Uranium. What does it mean for Uranium Mining?" by Saptakee S, notes: “Australian uranium mining giant Paladin Energy Ltd. has announced a C$1.14 billion ($833 million) all-stock offer to acquire Canadian mining firm Fission Uranium Corp. Using uranium in nuclear power significantly contributes to achieving climate goals by providing reliable energy that reduces the global carbon footprint. Thus, this deal can bring a paradigm shift in uranium mining.” Peter Born, President of Bedford, commented, “The increased M&A activity in the Athabasca Basin, exemplified by Paladin’s offer for Fission Uranium, is a strong signal of the market’s recognition of uranium’s critical role in the transition to green energy. This reinforces our belief that the Sheppard Lake project and our Ubiquity Lake and Close Lake projects are strategically valuable and warrant accelerated due diligence and exploration efforts.” The Sheppard Lake Uranium Project, located just south of the Athabasca Basin, is of particular interest to Bedford. The project’s strategic location and the promising results from recent surveys at the neighbouring Ubiquity Lake have strengthened the company’s confidence in its potential. Identifying key uranium markers, such as anomalous helium and methane emissions at Ubiquity Lake, provides a robust foundation for targeted exploration. Bedford remains committed to conducting all exploration activities to the highest environmental standards. The Company is dedicated to minimizing its environmental footprint and ensuring that all operations are sustainable and responsible. Additionally, Bedford values its relationships with local communities and indigenous groups and is committed to working collaboratively to ensure that its activities bring positive benefits to these stakeholders. As the demand for clean energy solutions continues to grow, Bedford is poised to play a significant role in the global transition towards sustainable resource development. The Company will continue to leverage innovative techniques and ramp up its exploration efforts to maximize the value of its uranium projects and contribute to the world’s green energy future. Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and the president of the Company and is responsible for and has approved the technical information contained in this release. About Bedford Metals Corp. Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The project is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine and the McArthur River Mine. Access to the property is done through a network of roads and trails. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INC https://mrkt360.com Alex Zertuche alexz@mrkt360.com For E.S.T Office Hours, Call 1 416-477-0587 Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d7531a8-ddf0-4ac0-9548-dacd7dc3d160 https://www.globenewswire.com/NewsRoom/AttachmentNg/290fe4a9-1cee-4944-beb2-6e067557333f
VANCOUVER, British Columbia, June 18, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) is pleased to announce that it will conduct a non-brokered private placement (the “Financing”) to raise up to $5 million through the offering of up to 2,222,223 common shares at a price of $2.25 per share. The Financing represents an opportunity for the Company to bolster its exploration and development activities across its portfolio of mineral projects. With a focus on enhancing shareholder value, the Company plans to allocate the funds to accelerate exploration programs, evaluate strategic growth opportunities, and for general corporate purposes. Peter Born, President of Bedford, commented, "We are excited to pursue this Financing to advance our mineral projects further and continue building shareholder value. The support from the market underscores confidence in Bedford's development plans and will enable us to execute our strategic initiatives effectively. We look forward to deploying additional financing prudently to drive growth and maximize the potential of our assets." Completion of the Financing remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the Financing will be subject to restrictions on resale for four months and one day in accordance with applicable securities laws. Bedford remains committed to maintaining the highest standards of environmental stewardship in all its exploration and development activities. The Company emphasizes responsible resource development practices and is dedicated to engaging collaboratively with local communities and indigenous tribes to ensure sustainable outcomes. About Bedford Metals Corp. Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine and the McArthur River Mine. Access to the property is done through a network of roads and trails. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INC https://mrkt360.com Alex Zertuche alexz@mrkt360.com For E.S.T Office Hours, Call 1 416-477-0587
VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) announce that it has applied for the exploration permit for its upcoming summer exploration program at the Ubiquity Lake Uranium Project, located in the prolific Athabasca region of Canada – renowned for hosting some of the highest-grade uranium mines in the world. The summer exploration program represents a significant step forward in the advancement of the Ubiquity Lake Uranium Project. Extensive planning and preparation have gone into designing this program, intending to maximize the potential of this highly prospective property. The timing of the exploration program is particularly opportune, given the recent increase in the price of uranium over the past year and the global shift toward cleaner and greener energy sources. Bedford Metals recognizes the importance of uranium in meeting the growing demand for clean energy, and the Ubiquity Lake project is poised to play a vital role in this transition. Peter Born, President of Bedford, commented, "We are pleased to take this next step in the development of our Ubiquity Lake Uranium Project. The application for the exploration permit represents the culmination of careful planning and diligent work by our team. We believe that the timing of this exploration program aligns perfectly with the increasing demand for uranium and the world's focus on sustainable energy solutions." Bedford is committed to conducting environmentally sound exploration practices and to respectfully and collaboratively engaging with local communities and indigenous groups. Environmental stewardship is a core value of the Company, and it will continue to prioritize responsible resource development throughout all stages of its projects. The Company remains focused on increasing shareholder value through strategic exploration and development initiatives. The Ubiquity Lake Uranium Project represents a significant opportunity for Bedford to deliver value to its shareholders and contribute to the global transition toward a cleaner, more sustainable energy future. The Company also wished to announce it had formally engaged Jemini1 Finance Inc. d/b/a Jemini Capital to act as the investor relations representative for the Company and to manage shareholder communication effective June 1, 2024. The Company wishes to thank the team at Jemini Capital for all of their support during the engagement process. Jemini Capital has been engaged on an ongoing basis for a minimum period of three months, during which time they are entitled to receive $5,000 per month. The Company is at arms-length from Jemini Capital, and compensation to Jemini Capital does not include any securities of the Company. About Bedford Metals Corp.Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INChttps://mrkt360.comAlex Zertuchealexz@mrkt360.comFor E.S.T Office Hours, Call 1 416-477-0587
VANCOUVER, British Columbia, July 29, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce that it has received the necessary exploration permit from the Ministry of Environment for its 2024 prospecting program at the Ubiquity Lake Uranium Project in Northern Saskatchewan. This permit marks a significant milestone, allowing the Company to advance its exploration activities as planned. The previously announced prospecting program at Ubiquity Lake will include investigating and mapping historic showings and target zones identified through successive geophysical programs. The claim block will be surveyed with state-of-the-art RS100 scintillometers, and outcrops from high-value targets will be collected and sent for assay. Peter Born, President of Bedford, commented, “Receiving the exploration permit is a crucial step forward for our Ubiquity Lake project. With this approval, we are set to commence our field activities and validate the promising targets identified in our previous surveys. We are committed to advancing our exploration efforts responsibly and sustainably.” The 2024 Phase I exploration program will specifically target UL2014, where a 2014 prospecting and grab rock sampling program yielded values of 187 ppm U and 449 ppm Th from pegmatitic quartz-rich zones in a granite gneiss outcrop and 678 ppm U and 679 ppm Th from a quartz-rich pegmatitic granitic gneiss boulder. Additionally, the field crew will prospect Target Zones 1 and 2 (T1 and T2), high-priority anomalies identified through an interpretation of geophysical datasets by Condor Consulting of Lakewood, Colorado. Background: The principal target zones at the Ubiquity Lake Uranium Project are northwest-trending subsurface conductive anomalies identified through a 2014 VTEM survey completed by Noka Resources Inc. and Alpha Exploration Inc. Additionally, the Company will be exploring conductive anomalies identified through a 2007 GEOTEM survey completed by Stikine Gold Corporation. A ground survey conducted in 2014 yielded numerous radioactive samples, with readings up to 2000 cps. In 2014, a helicopter-borne EM and magnetic survey carried out by Aeroquest and Condor Consulting Inc. identified 13 target zones needing follow-up exploration. The target model is structurally controlled conductive graphitic zones within the basement rocks that could potentially host uranium deposits. The predicted depth to the basement is less than 50 m, which was consistently achieved throughout the survey area. The company will investigate areas with electromagnetic-magnetic targets and areas with anomalous uranium in surface outcrops. Given the project’s proximity to the southern tip of the Athabasca Basin, the Company is pursuing an exploration model similar to Fission’s Patterson Lake South Deposit and NexGen’s Arrow Deposit, which are shear-hosted basement deposits with continuity at depth. Bedford remains dedicated to conducting all exploration activities to the highest environmental standards. The Company is committed to minimizing its environmental footprint and ensuring that all operations are sustainable and responsible. Additionally, Bedford values its relationships with local communities and indigenous groups and is committed to working collaboratively with these stakeholders to ensure its activities bring positive benefits to the region. Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101, and the President of the Company, and is responsible for and has approved the technical information in this release. About Bedford Metals Corp. Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production. The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake Mine, the Cigar Lake Mine, and the McArthur River Mine. Access to the property is done through a network of roads and trails. The Ubiquity Lake Uranium Project, covering 1382 hectares, lies just south of the bottom lip of the Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project to the east. Situated near the Cable Bay Shear Zone, parallel to the Virgin River Shear Zone, which hosts Cameco’s Centennial uranium deposit, the project holds immense potential. Furthermore, it is located 100 km west of Cameco’s past-producing Key Lake uranium mine, underscoring the strategic significance of its location. The Sheppard Lake Uranium Project, covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast. The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions. For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com. On behalf of the Board, Bedford Metals Corp. “Peter Born”President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. CONTACT: MRKT360 INC https://mrkt360.com Alex Zertuche alexz@mrkt360.com For E.S.T Office Hours, Call 1 416-477-0587 Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/daccaf19-bc2c-413b-ab31-c831b672607bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/3e0eff03-3f36-4824-ad51-6526b6df1faa
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Bedford Metals Corp.
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