Bedford Metals provides corporate update on uranium exploration progress

VANCOUVER, British Columbia, September 6, 2024 (GLOBE NEWSWIRE) — Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) wishes to provide a corporate update. Bedford remains focused on advancing its uranium exploration projects in the Athabasca region of northern Saskatchewan, Canada, and has made significant progress with its exploration initiatives.

As reported in previous press releases, the Company has been actively pursuing its exploration projects, in particular the Ubiquity Lake Uranium Project. Bedford is pleased with the initial results of the most recent exploration program, where the field team identified several promising targets. The company awaits the test results of the samples collected during this program, which will provide further insight into the potential of the project.

Pending favorable test results, Bedford has already begun planning its next exploration program at Ubiquity Lake. This upcoming program will be more clearly defined once assay data is received, allowing the company to refine its focus and exploration strategies.

Peter Born, chairman of Bedfordcommented: “We are very pleased with the results we have seen to date from our exploration program at Ubiquity Lake. The project continues to demonstrate great potential and we are excited to further develop our uranium projects. We remain committed to maximizing the value of these projects for our shareholders.”

Bedford remains focused on further developing its high-grade uranium projects in the Athabasca Basin and continues to explore and develop these assets to contribute to the growing global demand for uranium as a clean energy source.

Bedford carries out all exploration activities with a focus on environmental management and in close cooperation with local communities and stakeholders. The company’s goal is to develop our projects in a responsible and sustainable manner, so that our activities benefit the regions in which we operate.

Dr. Peter Born, P.Geo., is the designated qualified person as defined in National Instrument 43-101 and the President of the Company. He is responsible for and has approved the technical information in this press release.

About Bedford Metals Corp.

Bedford Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly promising mineral exploration opportunities. Our strategy is to take our projects from discovery to production.

The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin and borders claims owned by Cameco Corporation, the world’s largest uranium producer. The claim is approximately 600 acres in size and lies within the primary exploration corridor, which includes the Keys Lake Mine, the Cigar Lake Mine, and the McArthur River Mine. Access to the property is via a network of roads and trails.

The Ubiquity Lake Uranium Projectwhich covers 1,382 hectares, is located just south of the lower 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, where Cameco’s Centennial uranium deposit is located, the project has enormous potential. In addition, it is located 100 km west of Cameco’s former Key Lake uranium mine, underscoring the strategic importance of the location.

The Sheppard Lake Uranium Project covers an area of approximately 2,250 hectares and borders the Ubiquity Lake Project to the southeast. The project The area is characterised by rocks from the Mudjatik domain, where uranium mineralisation is typically subsurface, located within faults or fractures and formed by hydrothermal redistributions of dissolved metals and subsequent redox reactions.

For more information, please contact the company at [email protected] 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that the expectations reflected 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 any forward-looking statement. There can be no assurance that such statements will prove to be accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We undertake no obligation to update any forward-looking statements, except as required by applicable law.

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