Curated News
By: NewsRamp Editorial Staff
February 24, 2026

Nevada Organic Phosphate Raises $807K, Bolsters Murdock Mountain Project

Discuss on Substack
Original Source

TLDR

  • Nevada Organic Phosphate secured $807,000 from warrant exercises, boosting its cash to $1.25 million to fund exploration and gain a competitive edge in North America's phosphate market.
  • The company exercised 14.6 million warrants at $0.05-$0.08 prices, resulting in 143 million shares outstanding, with 24.6 million warrants at $0.10 remaining for future funding.
  • Funding supports sustainable phosphate exploration in Nevada, potentially providing essential agricultural resources to improve food security and environmental practices in North America.
  • Nevada Organic Phosphate controls a unique 6.6-kilometer organic phosphate bed, the only large-scale project of its kind in North America, near key transport routes.

Impact - Why it Matters

This development matters because phosphate is a critical component in agricultural fertilizers, essential for global food production. As the only known large-scale organic sedimentary phosphate project in North America, Nevada Organic Phosphate's Murdock Mountain Project could reduce dependence on foreign phosphate sources, particularly from geopolitically unstable regions. The successful warrant exercise demonstrates investor confidence in the company's potential to develop a domestic supply of this vital mineral. For investors, this represents an opportunity in a strategically important sector, while for the agricultural industry, it could mean more stable, locally-sourced phosphate supplies. The project's proximity to transportation infrastructure enhances its commercial potential, making this news significant for both the mining sector and broader agricultural supply chains.

Summary

Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) has successfully raised approximately $807,000 through the exercise of 14,636,600 common share purchase warrants, representing a remarkable 99.7% of the warrants subject to acceleration following its January 21, 2026 announcement. These warrants, originally issued during private placements between February and July 2025 with exercise prices of $0.05 and $0.08, have significantly bolstered the company's financial position. Following these exercises, Nevada Organic Phosphate now reports a cash balance of approximately $1.25 million and approximately 143 million common shares issued and outstanding. This financial injection comes at a crucial time as the company prepares for its next phase of development.

The company, a junior exploration firm, holds what is believed to be the only known large-scale organic sedimentary phosphate project in North America—the Murdock Mountain Project in northeast Nevada. This project features an organic sedimentary raw rock phosphate bed stretching 6.6 kilometers, with additional applications potentially extending the strike to over 30 kilometers. Strategically located near the main highway to Montello/Elko, Nevada, and close to the rail head to California, the project's accessibility enhances its commercial viability. The newly acquired funds will support continued exploration and development, including a planned Phase II drill program with mobilization estimated for mid to late March 2026.

An additional 24.6 million warrants remain outstanding at an exercise price of $0.10, subject to acceleration provisions. If fully exercised, these warrants could provide approximately $2.46 million in additional capital, further strengthening the company's ability to advance its flagship project. This news was disseminated through Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio of IBN (InvestorBrandNetwork), which provides comprehensive corporate communications solutions including access to wire services, article syndication to 5,000+ outlets, enhanced press release distribution, and social media outreach. For more detailed information, investors can view the full press release at https://ibn.fm/bq6C5 or visit the company's newsroom at https://ibn.fm/NOP.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Nevada Organic Phosphate Raises $807K, Bolsters Murdock Mountain Project

blockchain registration record for this content.