Bedford Metals Applies for Exploration Permit for Ubiquity Lake Uranium Project
04 June 2024 - 4:00PM
Bedford Metals Applies for Exploration Permit for Ubiquity Lake
Uranium Project
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
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