Bedford Metals Engages Condor North Consulting for Advanced Geophysical Modeling at Ubiquity Lake Uranium Project
November 27th, 2024 - Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the "Company" or "Bedford") is pleased to announce that it has engaged Condor North Consulting to undertake advanced geophysical modeling of VTEM, MegaTEM EM, and magnetic data for the Company's Ubiquity Lake Uranium Project. The project is located on the southern margin of the Athabasca Basin, approximately 100 kilometers west of the Key Lake Mine, in northern Saskatchewan. This advanced geophysical investigation will focus on identifying and mapping zones with electromagnetic (EM) and magnetic signatures to further refine exploration targets. These refined targets will enhance the company's ongoing and future exploration efforts in one of the world's most prolific uranium regions.
Condor North Consulting, headquartered in Lakewood, Colorado, is an established geophysical consulting firm with over two decades of experience in uranium exploration in the Athabasca Basin. The firm has an extensive track record of successfully assisting companies in identifying and advancing high-potential targets using cutting-edge geophysical technologies and methodologies.
Peter Born, President of Bedford, commented, "Engaging Condor North Consulting represents another important step forward for our Ubiquity Lake Uranium Project. Their expertise in advanced geophysical modeling, combined with their deep knowledge of the Athabasca Basin, will significantly enhance our ability to refine and prioritize exploration targets. We are excited about the insights this work will provide and look forward to incorporating the results into our ongoing exploration programs."
Bedford remains committed to conducting all exploration activities in an environmentally responsible manner. The Company prioritizes minimizing its environmental footprint while ensuring that all operations are sustainable and respectful of the natural environment. Additionally, Bedford values collaboration with local indigenous groups and stakeholders, ensuring that its activities are carried out transparently and with mutual benefit in mind.
The Company will provide updates on the progress of the geophysical modeling as results become available and further exploration plans are developed.
Qualified Person
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.
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
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Cautionary Note Regarding Forward-Looking Statements
This news release includes statements that contain "forward-looking information" within the meaning of the applicable Canadian securities legislation ("forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statements that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward -looking statements relate, among other things to: the likelihood of completion of the Offering, the use of proceeds from sales from the Offering, the closing of the Offering and the ability to obtain the necessary regulatory authorizations and approvals.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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