Bedford Metals Announces Closing of Private Placement and Completes Acquisition of Ubiquity Lake and Sheppard Lake Uranium Projects
NEWS RELEASE
BEDFORD METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND COMPLETES ACQUISITION OF UBIQUITY LAKE AND SHEPPARD LAKE URANIUM PROJECTS
Vancouver, Canada – October 24, 2025 – Bedford Metals Corp. (TSX-V: BFM, FWB: 08D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 3,333,335 flow-through common shares of the Company (the “Shares”) at a price of $0.30 per Share for gross proceeds of $1,000,000.50 (the “Offering”).
In connec�on with closing of the Offering, the Company issued 333,333 common shares at a deemed price of $0.20 per share to an arms-length party who assisted in introducing subscribers to the Offering. All securi�es issued in connec�on with the Offering are subject to restric�ons on resale un�l February 24, 2026, in accordance with applicable securi�es laws.
The Company also announces that it has completed the previously announced acquisi�on of the Ubiquity Lake and Sheppard Lake Uranium Projects through the issuance of 3,050,000 common shares, at a deemed price of $0.225 per share, to sa�sfy the remaining payment obliga�ons owing. The Company now owns both the Ubiquity Lake and Sheppard Lake Uranium Projects, subject to con�nuing royalty obliga�ons.
All common shares issued in connec�on with the acquisi�on of the projects are subject to restric�ons on resale un�l February 24, 2026, in accordance with applicable securi�es laws. For further informa�on regarding the acquisi�on of the projects, readers are encouraged to review the news release issued by the Company on August 18, 2025.
For further informa�on, 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 Regula�on Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securi�es Li�ga�on Reform Act of 1995 and applicable Canadian securi�es laws. When or if used in this news release, the words “an�cipate”, “believe”, “es�mate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions iden�fy forward-looking statements or informa�on. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assump�ons and es�mates that, while considered reasonable by the Company, are inherently subject to significant business, economic, compe��ve, poli�cal and social risks, con�ngencies and uncertain�es. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obliga�on, to update these forward-looking statements or informa�on to reflect changes in assump�ons or changes in circumstances or any other events affec�ng such statements and informa�on other than as required by applicable laws, rules and regula�ons.