Welcome to our dedicated page for Noble Plains Uranium news (Ticker: IXIXF), a resource for investors and traders seeking the latest updates and insights on Noble Plains Uranium stock.
INDIGO EXPL INC (IXIXF) is a uranium exploration specialist focused on developing mineral properties in Wyoming's historic Shirley Basin. This page provides authorized corporate news and official updates for stakeholders tracking the company's exploration progress and strategic initiatives.
Access timely updates on drilling campaigns, mineral claim acquisitions, and operational developments. Investors will find verified information about resource estimates, exploration methodologies using in-situ recovery techniques, and financial management decisions.
Our curated collection includes press releases regarding:
• Exploration drill program results
• Strategic mineral claim acquisitions
• Regulatory compliance updates
• Financial and operational milestones
Bookmark this page for direct access to primary source materials from INDIGO EXPL INC, maintained for accuracy and completeness. Check regularly for updates on the company's progress in validating historical uranium deposits through modern exploration techniques.
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.
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