Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 31, 2024

Article Excerpt

BEDFORD METALS CORP., $2.18, symbol BFM on Toronto Venture Exchange, is a mineral exploration company based in Vancouver. The company has two main projects in development: The Margurete gold project, a 687-hectare property 200 kilometres northwest of Vancouver; and the Ubiquity Lake uranium project, covering 1,382 hectares and located in the Athabasca Basin in Northern Saskatchewan. Bedford continues to pursue further opportunities in the uranium sector, again targeting the promising Athabasca Basin in Saskatchewan. The Athabasca Basin is known for hosting some of the world’s highest-grade uranium deposits. Notably, approximately 20% of the world’s uranium production originates from this region. On May 21, 2024, the company announced that it had entered into a definitive option agreement to buy the Close Lake uranium project. That prospect comprises 245 hectares located on the eastern side of the Athabasca Basin—next to claims held by Cameco Corporation (symbol CCO on Toronto), the world’s largest uranium producer. Meanwhile, Bedford’s primary focus remains its Margurete gold project. In early April, it…