Noble Plains Uranium Corp Stock Price, News & Analysis

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) announced its name change to Noble Plains Uranium Corp., reflecting its strategic focus on uranium exploration and development in the United States. The company's shares will begin trading under the new symbol NOBL on the TSX Venture Exchange starting May 22, 2025. The name change comes with a new CUSIP number (65510H108) and ISIN (CA65510H1082), but does not involve share capital consolidation or require shareholders to exchange existing certificates.

CEO Paul Cowley emphasized that this rebranding represents a new chapter for the company, positioning it to contribute to domestic uranium production and the nuclear renaissance. The name change was approved by the Company's Board of Directors in accordance with BC's Business Corporations Act.

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has appointed Drew Zimmerman as the company's new President, replacing Paul Cowley, who will continue as CEO and Director. Zimmerman brings over 14 years of experience in public markets and global commodities, including roles as CEO, Corporate Director, and Derivatives Portfolio Manager. He is a CFA charterholder with a Bachelor of Commerce in International Business from the University of Victoria.

Additionally, the company has granted 580,000 stock options to officers and consultants, exercisable for five years at $0.07 per share, subject to vesting provisions. The options were granted under the company's 10% rolling stock option plan in compliance with TSX Venture Exchange policies.

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has announced a share consolidation scheduled for March 10, 2025. The consolidation will be executed on a 2:1 basis, where two pre-consolidation shares will be converted into one post-consolidation share.

Currently, the company has 66,538,020 common shares outstanding, which will be reduced to approximately 33,269,010 shares after the consolidation. The consolidation will also proportionally adjust the exercise price and number of shares for outstanding options and warrants.

Shareholders will receive rounded-down whole shares, and a letter of transmittal will be mailed to registered holders to exchange their pre-consolidation certificates. The company will maintain its trading symbol IXI on the TSX Venture Exchange, with new CUSIP (45568X304) and ISIN (CA45568X3040) numbers.

Indigo Exploration (IXIXF) has announced significant results from its Phase 1 drilling program at the Shirley Basin uranium project in Wyoming. The company completed 48 holes, with over 90% encountering uranium intercepts. The program discovered 165 uranium intercepts with grades at or above 0.01% eU3O8 across 44 holes, typically showing 3-4 zones per hole.

The drilling campaign systematically explored a 1km x 1.3km area, with holes spaced approximately 160 meters apart and reaching depths of 53.3m. Forty holes encountered 133 intercepts ranging from 0.91-7.92m thick, averaging 1.6m, with 38 intercepts exceeding 1.8m thickness. The project is strategically located adjacent to Uranium Energy Corp's Shirley Basin project and Ur-Energy's Shirley Basin mine, which hosts an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading 0.23%.

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has completed 48 holes of a planned 50-hole drill program at its uranium project in the Shirley Basin, Wyoming. The Hot Property spans 5.75 km² and has a history of over 200 uranium exploration holes drilled between 1957 and 1975.

The project is strategically located adjacent to significant uranium operations, including Uranium Energy Corp.'s Shirley Basin project, Ur-Energy's Shirley Basin mine (which hosts 8.8 Mlb U3O8 grading 0.23% in Measured and Indicated Resources), and Nuclear Fuels' Bobcat Uranium Project.

The Phase 1 drilling campaign systematically explored the southern portion of the property, targeting areas with favorable historic intercepts within 53 metres from surface, as well as previously undrilled zones. Holes were spaced approximately 160 metres apart, utilizing downhole gamma ray geophysical logging to assess uranium mineralization. Results from this campaign are pending.

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has initiated a 50-hole drill program at its uranium project in Wyoming's Shirley Basin. The Hot Property, spanning 5.75 km², is situated adjacent to major uranium projects including Uranium Energy Corp.'s Shirley Basin project and Ur-Energy's Shirley Basin mine.

The drilling campaign will systematically explore the southern part of the property, targeting areas with favorable historic intercepts within 53 metres from surface, as well as previously undrilled zones. The holes will be spaced approximately 160 metres apart, focusing on characterizing uranium mineralization through downhole gamma ray geophysical logging. The program aims to develop a stratigraphic framework to model near-surface uranium roll fronts and is expected to complete in 10 days.

The property has a historical database of over 200 uranium exploration holes completed between 1957 and 1975. The adjacent Ur-Energy's Shirley Basin project holds an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading 0.23% and is currently under construction.

Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has announced its Annual General Meeting scheduled for December 12, 2024, at 10:00 a.m. in Vancouver. The meeting agenda includes receiving 2023 audited financials, electing five directors, re-appointing auditors, and approving the Stock Option Plan.

Due to the postal strike, the company is utilizing exemptions under Order 51-931 to provide proxy materials electronically. Materials are available on the company website and SEDAR+. Shareholders can vote via proxy form, with a submission deadline of December 10, 2024, at 10:00 a.m. Pacific Time. Registered shareholders should contact Computershare, while beneficial shareholders should reach out to their intermediaries for voting instructions.

Indigo Exploration has received TSX Venture Exchange approval for loans totaling $170,000, as announced on October 25, 2024. The loans come with a 10% annual interest rate and a one-year term. The company will use the funds for exploration work on its Hot Property uranium project in Wyoming's Shirley Basin and for working capital. The company issued 680,000 bonus shares to lenders at $0.05 per share, with a hold period until March 14, 2025. Two company directors each provided $10,000 loans, constituting related party transactions under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements.

Indigo Exploration has secured loan agreements totaling $170,000 with multiple lenders, including two company directors contributing $10,000 each. The loans carry a 10% annual interest rate and are due in 12 months. The company will issue 680,000 bonus shares at $0.05 per share to the lenders. Proceeds will fund exploration work on the Hot Property and general working capital. The transaction requires TSX Venture Exchange approval and qualifies for exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.