Business
Bayridge Resources Announces Acquisition of 40% Interest in Waterbury East Property
Elects not to exercise option to earn interest in Constellation Property Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Bayridge Resources Co
About this update from Bayridge Resources Corp.
[{"type":"text","content":" 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 40% interest in the Waterbury East Property pursuant to the property option agreement (\"Waterbury East Agreement\") between the Company and CanAlaska Uranium Ltd. (\"CanAlaska\") dated March 24, 2024. CanAlaska holds the remaining 60% interest. The Company has advised CanAlaska that it has elected not to earn any additional interest (beyond 40% in the property) and the parties will accordingly operate the Waterbury East Property on a joint venture basis pursuant to the terms of the Waterbury East Agreement, with CanAlaska being lead operator. The Company also announces that it has not exercised its option to acquire a 40% interest in the Constellation Property pursuant to the property option agreement between the Company and CanAlaska dated March 25, 2024, and that it has no further interest in the property, nor the right to earn an interest. 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 OfficerEmail: [email protected]: 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 ge...