11:30 AM EDT, 07/02/2024 (MT Newswires) -- Bedford Metals ( URGYF ) over the holiday weekend said it completed a satellite geophysical survey of its Ubiquity Lake Uranium Project in Saskatchewan.

The company said the analysis identified several key indicators for uranium mineralization. The investigation revealed anomalous helium emissions and methane, the latter of which is interpreted as altered clays, particularly illite.

"I am greatly encouraged by the results of our satellite survey at Ubiquity Lake. The identification of these key uranium markers provides us with further confidence in our ability to make a discovery at Ubiquity Lake. These findings will guide our future exploration efforts and help us focus on the most promising targets," Peter Born, the company's president, said.

The company's shares were last seen down $0.03 to $2.12 on the TSX Venture Exchange.

Price: 2.12, Change: -0.03, Percent Change: -1.40