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Indigo Exploration Inc. - IXIXF STOCK NEWS

Welcome to our dedicated page for Indigo Exploration news (Ticker: IXIXF), a resource for investors and traders seeking the latest updates and insights on Indigo Exploration stock.

Indigo Exploration Inc. (IXIXF) is an emerging petro-lithium brine explorer with 147,904 hectares of Metallic and Industrial Minerals permits in Central Alberta, Canada. The company's primary lithium projects include Fox Creek, Leduc-Legal, and Peace River, strategically located in Western Canada. Indigo is actively engaged in lithium brine sampling programs, resource estimation, and exploration activities to meet the growing demand for lithium in the electric vehicle industry. With a focus on de-risking acquisitions and expanding its property footprint, Indigo aims to deliver high-quality lithium carbonate resources.

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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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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.
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Indigo Exploration Inc. announces maiden lithium brine resource estimate at Fox Creek West property in Alberta.
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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.
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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.
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Indigo Exploration provides update on lithium brine sampling program in Alberta, Canada.
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Indigo Exploration awards Sproule Associates the contract for resource estimate of Fox Creek West lithium brine project. Neighbouring E3 Lithium Ltd. advances with DLE pilot plant in Alberta.
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Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) provides an update on the ongoing lithium brine sampling program in Alberta, Canada. Field crews will gather brine samples from 10-14 wells at the Leduc-Legal Project, with results expected in two to three weeks. The program is anticipated to be completed in the next four weeks.
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Indigo Exploration Inc. has engaged APEX Geoscience Ltd. as the preferred independent geological consulting company to complete Technical Reports for the Company's Alberta lithium brine projects. APEX has global experience in lithium projects with evaluation, exploration, and resource estimation expertise.
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FAQ

What is Indigo Exploration Inc.?

Indigo Exploration Inc. is an emerging petro-lithium brine explorer with primary projects in Central Alberta, Canada.

Where are the company's primary lithium projects located?

The company's primary lithium projects are located in Fox Creek, Leduc-Legal, and Peace River in Western Canada.

What is Indigo's focus in the lithium industry?

Indigo is actively engaged in lithium brine sampling programs, resource estimation, and exploration activities to meet the growing demand for lithium in the electric vehicle industry.

What is Indigo's strategy for acquisitions and expansion?

The company focuses on de-risking acquisitions, expanding its property footprint, and delivering high-quality lithium carbonate resources.

How does Indigo plan to contribute to the electric vehicle industry?

Indigo aims to provide high-quality lithium carbonate resources to support the increasing demand for lithium in the electric vehicle industry.

Indigo Exploration Inc.

OTC:IXIXF

IXIXF Rankings

IXIXF Stock Data

1.71M
62.09M
5.28%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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