Bayridge Announces Acquisition of 40% Interest in Waterbury East Property
Bayridge Resources (OTCQB: BYRRF) has successfully acquired a 40% interest in the Waterbury East Property through its option agreement with CanAlaska Uranium Ltd. Following this acquisition, CanAlaska retains the remaining 60% interest and will serve as the lead operator in the joint venture.
The company has decided not to pursue additional interest in the Waterbury East Property beyond the current 40%. Additionally, Bayridge has chosen not to exercise its option to acquire a 40% interest in the Constellation Property, effectively terminating any rights or interests in that property.
Bayridge Resources (OTCQB: BYRRF) ha acquisito con successo una partecipazione del 40% nella Waterbury East Property tramite l'accordo di opzione con CanAlaska Uranium Ltd. A seguito di questo acquisito, CanAlaska detiene la rimanente 60% partecipazione e agirà come operatore principale nel joint venture.
La società ha deciso di non perseguire ulteriori interessi nella Waterbury East Property oltre il 40% attuale. Inoltre, Bayridge ha scelto di non esercitare l'opzione per acquisire un 40% di interesse nella Constellation Property, terminando di fatto qualsiasi diritto o interesse su quella proprietà.
Bayridge Resources (OTCQB: BYRRF) ha adquirido con éxito una participación del 40% en la Waterbury East Property a través de su acuerdo de opción con CanAlaska Uranium Ltd. Tras esta adquisición, CanAlaska retiene el 60% restante y actuará como operador principal en la empresa conjunta.
La empresa ha decidido no buscar interés adicional en la Waterbury East Property más allá del 40% actual. Además, Bayridge ha decidido no ejercer su opción para adquirir un 40% de interés en la Constellation Property, terminando efectivamente cualquier derecho o interés sobre esa propiedad.
Bayridge Resources (OTCQB: BYRRF)는 CanAlaska Uranium Ltd.와의 옵션 계약을 통해 Waterbury East Property의 40% 지분을 성공적으로 취득했습니다. 이 인수로 CanAlaska는 나머지 60% 지분을 보유하며 합작 투자에서 주도 운영자로 활동하게 됩니다.
회사는 Waterbury East Property에 대해 현재의 40%를 넘는 추가 지분을 추구하지 않기로 결정했습니다. 또한 Bayridge는 Constellation Property에서 40% 지분을 취득하는 옵션 행사를 포기하기로 했으며, 이 자산에 대한 모든 권리나 이해를 사실상 종료합니다.
Bayridge Resources (OTCQB: BYRRF) a acquis avec succès une participation de 40% dans la propriété Waterbury East par le biais de son accord d’option avec CanAlaska Uranium Ltd. Suite à cet acquisition, CanAlaska conserve les 60% restants et agira en tant qu’exploitant principal dans la coentreprise.
La société a décidé de ne pas rechercher d’intérêt supplémentaire dans la Waterbury East Property au-delà des 40% actuels. De plus, Bayridge a choisi de ne pas exercer son option pour acquérir 40% d’intérêt dans la Constellation Property, mettant fin à tout droit ou intérêt dans cette propriété.
Bayridge Resources (OTCQB: BYRRF) hat sich erfolgreich einen 40%-Anteil an der Waterbury East Property durch seine Optionsvereinbarung mit CanAlaska Uranium Ltd. gesichert. Nach diesem Erwerb behält CanAlaska den verbleibenden 60%-Anteil und wird als Hauptbetreiber des Joint Ventures fungieren.
Das Unternehmen hat beschlossen, kein weiteres Interesse an der Waterbury East Property über die derzeitigen 40% hinaus zu verfolgen. Zusätzlich hat Bayridge beschlossen, seine Option, 40% an der Constellation Property zu erwerben, nicht auszuüben, wodurch jegliche Rechte oder Interessen an diesem Eigentum effectively beendet werden.
Bayridge Resources (OTCQB: BYRRF) قد نجح في الاستحواذ على 40% من ملكية Waterbury East Property من خلال اتفاقيته بالخيارات مع CanAlaska Uranium Ltd. وبناءً على هذا الاستحواذ، تحتفظ CanAlaska بـ 60% المتبقية وستكون المشغل القيادي للشراكة.
قررت الشركة عدم متابعة أي مصلحة إضافية في Waterbury East Property تتجاوز الـ 40% الحالية. وبالإضافة إلى ذلك، اختارت Bayridge عدم تفعيل خيارها لاقتناء 40% من ملكية Constellation Property، مما يؤدي فعلياً إلى إنهاء أي حقوق أو مصالح في تلك الملكية.
Bayridge Resources (OTCQB: BYRRF) 已通过与 CanAlaska Uranium Ltd. 的期权协议，成功取得 Waterbury East Property 的 40% 股权。此次收购后，CanAlaska 保留剩余的 60% 股权，并将作为合资企业的主导运营方。
公司已决定不再追求 Waterbury East Property 超过当前的 40% 的额外权益。此外，Bayridge 也选择不行使其取得 Constellation Property 40% 股权的期权，实质上终止了在该资产上的任何权利或权益。
- Successfully acquired 40% interest in Waterbury East Property
- Established joint venture partnership with CanAlaska Uranium as lead operator
- Declined to pursue additional interest acquisition in Waterbury East Property
- Opted not to exercise 40% interest option in Constellation Property, losing potential mining assets
Elects not to exercise option to earn interest in Constellation Property
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) (the "Company" or "Bayridge") is pleased to announce that it has earned a
The Company also announces that it has not exercised its option to acquire a
About Bayridge Resources Corp.
Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian mineral projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested.
ON BEHALF OF THE BOARD OF DIRECTORS:
For more information, please contact:
Satvir Dhillon, President and Chief Executive Officer
Email: saf@bayridgeresources.com
Tel: 604-484-3031
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note on Forward-Looking Information
This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268826
FAQ
What percentage stake did Bayridge Resources (BYRRF) acquire in the Waterbury East Property?
Who will operate the Waterbury East Property joint venture?
Why did Bayridge Resources not exercise its option for the Constellation Property?
What is the current ownership structure of the Waterbury East Property after Bayridge's acquisition?
When was the Waterbury East Agreement originally signed?
