Bedford Metals Reaches Definitive Agreement for Ubiquity Lake Uranium Project in Athabasca, Canada [Financial Post (Toronto, Ontario, Canada)]
Cameco Corporation (CCJ)
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Source: Financial Post
VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) — Bedford Metals Corp. (TSX-V: BFM) (the “ Company ” or “ Bedford ”) announces that following a successful diligence review, it has elected to enter into a definitive option agreement (the “ Agreement ”), with an arms-length party, to acquire the Ubiquity Lake Uranium Project located in the renowned Athabasca Basin, Canada. This Agreement allows Bedford Metals to expand its existing mineral property portfolio with a highly prospective uranium project. Article content 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
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