INDIGO EXPL INC - IXIXF STOCK NEWS

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.

Indigo announced the completion of its acquisition of a 100% interest in the Hot Property, a promising uranium project in Wyoming's Shirley Basin, approved by TSX Venture Exchange. The property consists of 71 unpatented mineral claims over 5.75 km², featuring extensive historical exploration. Notable past drill results include 1.83m of 1.1% U₃O₈ at 43m depth and 3.35m of 0.28% U₃O₈ at 26.8m depth.

Indigo paid CDN$20,000 and issued 200,000 shares to acquire the private Arizona company holding the claims, with annual land costs of US$14,200. The Hot Property, near significant uranium resources owned by Ur-Energy and others, shows promise with 46% of past drilling intercepting shallow uranium. The company plans a 50-hole reverse circulation drill program, pending permit approval.

Indigo Exploration has secured a 100% interest in the Hot Property, a promising uranium project in Wyoming's Shirley Basin. This acquisition includes 71 unpatented mineral claims spanning 5.75 km². Historical exploration dating back to the 1960s revealed significant uranium deposits, with some drill holes indicating high-grade uranium near the surface. The project is strategically located near other major uranium developers like Uranium Energy Corp., Ur-Energy, and Nuclear Fuels Inc. The acquisition terms include a payment of CDN$20,000 and 200,000 shares of Indigo, pending TSX Venture Exchange approval. The company aims to start drilling by early fall 2024, capitalizing on the current favorable uranium market trends and the resurgence of domestic uranium production in the U.S.

Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) is pleased to announce the filing of a National Instrument 43-101 Technical Report titled 'NI 43-101 Technical Report: Resource Assessment of the Fox Creek West Lithium Project in West Alberta, Canada for Indigo Exploration Inc.' The report documents a maiden lithium brine resource estimate at its wholly owned Fox Creek West property in Alberta completed by Sproule Associates Limited. Key highlights include 231,100 tonnes of LCE in the Inferred Mineral Resource category from two Devonian-aged formation aquifers, with an estimated 3.8 billion barrels of brine and an average lithium concentration of 72 mg/L. Indigo's total land position at Fox Creek West equals 55,103 hectares and is adjacent to Lithiumbank properties. Indigo intends to focus development on areas with the highest lithium concentrations in the Beaverhill Lake Group formations.

Indigo Exploration Inc. announces maiden lithium brine resource estimate at Fox Creek West property in Alberta.

Indigo Exploration Inc. is expanding its lithium brine exploration sampling program in Alberta, Canada, to evaluate potential grades and volumes for an acquisition. The expanded program aims to improve the size and quality of maiden resources on multiple projects.

Indigo Exploration Inc. provides update on timing for maiden lithium brine resource estimate for Fox Creek West project in Alberta, Canada. Inferred resources anticipated in early October. Company working with Sproule, a preeminent oil and gas engineering firm, to expedite delivery of resource estimate. Opportune time for lithium brine projects given current supply deficits and increasing adoption rate of electrified transportation.

Indigo Exploration provides update on lithium brine sampling program in Alberta, Canada.