Bedford Metals Receives Preliminary Report of Mobile MT Survey at Sheppard Lake Uranium Project
NEWS RELEASE
BEDFORD METALS RECEIVES PRELIMINARY REPORT OF MOBILE MT SURVEY AT SHEPPARD LAKE
URANIUM PROJECT
June 2nd, 2025—Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “ Company” or
“Bedford”) announces the receipt of a preliminary interpretation report from Expert Geophysics
regarding the MobileMT airborne electromagnetic survey completed earlier this spring at the Company’s
wholly owned Sheppard Lake Uranium Project, located on the southern edge of Saskatchewan’s
Athabasca Basin.
The survey covered 747 line-kilometers at 100-meter spacing and utilized advanced heliborne MobileMT
technology, capable of detecting geoelectrical activity at depths of up to one kilometer with high spatial
and resistivity resolution. This method has been widely used in uranium exploration across the Athabasca
Basin for identifying conductive zones within magnetic breaks—geophysical features often associated
with uranium mineralization.
The preliminary interpretation identified a large-scale subsurface EM conductor trending northwest and
situated within a regional magnetic break. The anomaly, approximately 10 kilometers in length, coincides
with the Warr Lake Zone—a radioactive zone initially identified by the Company in 2024. Additional
conductive anomalies also correlate with previously defined targets TZ-1 and TZ-2.
Based on these results, the Company has commissioned a comprehensive interpretation report that will
integrate the MobileMT data with historical datasets. The results of this more detailed analysis are
expected in the near term and will help inform future exploration planning, including drill target
refinement.
Peter Born, President of Bedford, stated: "The preliminary results from the MobileMT survey offer valuable
insights into the subsurface structure of the Sheppard Lake project. The alignment of large-scale
conductors with previously identified zones of interest is encouraging and will be a key focus as we move
toward the next stages of exploration."
Bedford is committed to conducting all exploration activities in an environmentally responsible manner.
The Company follows industry best practices and works in close collaboration with local indigenous
communities and regional stakeholders. Ensuring sustainable development and maintaining open,
respectful relationships with those affected by its operations remain core principles of the Company’s
approach.
Further updates will be provided as additional interpretations are completed and preparations for future
fieldwork progress.
Incentive Grant
The Company also announces that it has granted 1,100,000 incentive stock options (the “ Options”) to
certain directors and officers of the Company, in accordance with its omnibus incentive plan. The Options
vest immediately and are exercisable to acquire an equivalent number of common shares of the Company
at a price of $0.30 until June 2, 2030.
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 [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 policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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: completion of the
Acquisition, the ability to obtain the necessary regulatory authorizations and approvals and the development
of a revised exploration plan.
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.