Indigo Exploration Appoints New President and Grants Stock Options

Rhea-AI Summary

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.

Positive

• Appointment of experienced executive Drew Zimmerman with 14 years of relevant market expertise
• New leadership brings specific uranium sector knowledge and capital markets expertise
• Maintains continuity with Paul Cowley remaining as CEO and Director

Negative

• Stock option grants at $0.07 could lead to potential dilution for existing shareholders

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) -  Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INE) (the "Company") is pleased to announce the appointment of Mr. Drew Zimmerman as President of the Company in place of Paul Cowley. Mr. Cowley shall remain as Chief Executive Officer and a Director of the Company.

Paul Cowley states, "We are happy to welcome Mr. Zimmerman to our team. His extensive capital markets expertise, combined with his deep passion and commitment to the uranium sector, will be a tremendous asset as we continue to accelerate Indigo's growth. I am excited to collaborate with Drew as we take the next steps toward transforming Indigo into a leading uranium developer."

"I am thrilled to join the team at Indigo. The global uranium sector must advance to address a significant supply gap, and this supply-demand imbalance is especially pronounced in the United States. Being part of a team dedicated to strengthening the supply of critical minerals in such a pivotal time is an incredible opportunity, and I look forward to contributing to our shared mission," said Drew Zimmerman.

Mr. Drew Zimmerman is a seasoned growth-oriented executive in the public and the global commodity markets. With over 14 years of experience, Mr. Zimmerman has served in high-impact roles including Chief Executive Officer, Corporate Director, and as a Derivatives Portfolio Manager at a national brokerage firm in Canada. Mr. Zimmerman is a Chartered Financial Analyst (CFA) charterholder and holds a Bachelor of Commerce degree in International Business from the University of Victoria.

The Company also announces that, pursuant to the Company's 10% rolling stock option plan and in compliance with the policies of the TSX Venture Exchange, it granted incentive stock options to certain officers and consultants of the Company to purchase up to an aggregate of 580,000 common shares of the Company. These options are exercisable for a period of five years at a price of $0.07 per share, subject to vesting provisions.

On Behalf of the Board of Directors,

Paul Cowley CEO and Director (604) 340-7711 Website: indigoexploration.com

This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information relating to the mineral exploration business is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250669

FAQ

Who is Drew Zimmerman, the new President of Indigo Exploration (IXIXF)?

Drew Zimmerman is a seasoned executive with over 14 years of experience in public markets and global commodities. He is a CFA charterholder with previous roles as CEO, Corporate Director, and Derivatives Portfolio Manager at a national brokerage firm in Canada.

What stock options did Indigo Exploration (IXIXF) grant in May 2025?

Indigo Exploration granted 580,000 stock options to officers and consultants, exercisable for five years at $0.07 per share, subject to vesting provisions.

What happened to Paul Cowley at Indigo Exploration (IXIXF)?

Paul Cowley stepped down as President but remains with the company as Chief Executive Officer and Director.

What is Indigo Exploration's (IXIXF) focus in the uranium sector?

Indigo Exploration aims to address the significant uranium supply gap, particularly in the United States, by working to become a leading uranium developer.