Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) Secures $807,000 from Warrant Exercises to Advance Murdock Mountain Project

Disseminated on behalf of Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) and may include paid advertising.

• Nevada Organic Phosphate, targeting the growing need for phosphate fertilizer for the expanding organic foods market, has received proceeds from the exercise of 14.6 million warrants.
• The company’s cash on hand now totals approximately $1.25 million, and the capital will help support Phase II drilling at the Murdock Mountain Project in Nevada.
• The Murdock Mountain deposit may represent one of the only large-scale organic sedimentary phosphate resources in North America.
• Remaining warrants could generate roughly $2.46 million if exercised.

Nevada Organic Phosphate (CSE: NOP) (OTCQB: NOPFF), a B.C.-based leader in organic sedimentary phosphate exploration, announced that it recently received approximately $807,000 from the exercise of outstanding warrants, strengthening the company’s funding position as it advances its phosphate exploration strategy in Nevada.

The company said the proceeds came from the exercise of 14,636,600 common share purchase warrants, representing roughly 99.7% of the warrants subject to acceleration. The warrants were issued during a series of private placements completed between February and July 2025 and carried exercise prices of $0.05 and $0.08.

The financing significantly improves the company’s near-term liquidity. Following the exercises, Nevada Organic Phosphate reported a cash balance of roughly $1.25 million with approximately 143 million common shares outstanding (https://nnw.fm/3rk4y).

For junior exploration companies, warrant exercises can serve as an important source of non-dilutive project funding relative to new equity placements. The proceeds allow companies to move forward with exploration programs while maintaining investor alignment, since warrants are typically exercised by existing shareholders.

Nevada Organic Phosphate’s immediate focus is the advancement of its flagship asset, the Murdock Mountain Project in Elko County, Nevada. Chief executive Robin Dow said the warrant exercises demonstrate continued shareholder backing for the company’s development plans. “NOP would like to thank our shareholders for their continued support and confidence demonstrated through the exercise of the Warrants,” Dow said. “These proceeds further strengthen our balance sheet and support NOP’s continued advancement of the Murdock Mountain Project. In addition, the company is planning its Phase II drill program at Murdock Mountain, with mobilization currently estimated for mid to late March 2026.”

The company’s remaining warrants could also provide an additional funding pathway. Approximately 24.6 million warrants remain outstanding at an exercise price of $0.10. If exercised, they could generate roughly $2.46 million in additional capital.

Phosphate deposits are central to global agriculture because they provide phosphorus, a key nutrient used in fertilizers that support crop yields. While most phosphate used in conventional fertilizers is chemically processed, the company is targeting a niche within the fertilizer market: organic and direct-application phosphate.

Nevada Organic Phosphate is exploring what it describes as a large organic sedimentary phosphate bed stretching approximately 6.6 kilometres across its Murdock Mountain property in Nevada. Additional claim applications extend the potential strike length to more than 30 kilometres. The upcoming drilling campaign represents the next step in defining the scale and continuity of phosphate mineralization at the property.

Early exploration work suggests an exploration target of 10 million to 46 million tonnes of rock phosphate grading between 3% and 15% P₂O₅ across the primary zone. The company has also identified three additional target areas that could increase the exploration target range to between 200 million and 220 million tonnes. These figures represent exploration targets rather than formal mineral resources, meaning further drilling and geological work will be required before compliant resource estimates can be established.

The company noted that its project may represent one of the only large-scale organic sedimentary phosphate deposits currently known in North America. This could provide a regional supply source for phosphate fertilizer products, particularly as supply chains for agricultural inputs have come under scrutiny in recent years. Nevada Organic Phosphate is targeting a relatively simple production concept compared with many mineral projects. The company envisions mining and crushing raw phosphate rock that could be ground and applied directly to agricultural soils without any chemical processing.

The location of the project may also provide logistical advantages. The Murdock Mountain deposit sits in northeastern Nevada near the town of Montello and close to highway infrastructure and rail connections that lead to all major agricultural areas. Such infrastructure can play a meaningful role in the economics of bulk commodities like phosphate rock, which are typically transported in large volumes.

Direct-application phosphate products are used in certain soil management systems and are particularly relevant in organic farming practices, where synthetic chemical fertilizers are restricted. The company believes this positioning aligns with a growing organic food sector in North America, estimated to represent a market worth roughly $35 billion annually.

Nevada Organic Phosphate also noted that its product concept could reduce some environmental impacts associated with conventional phosphate fertilizers, which often involve chemical processing and can contribute to nutrient runoff.

For more information, visit the company’s website at www.NevadaPhosphate.com.

NOTE TO INVESTORS: The latest news and updates relating to NOP are available in the company’s newsroom at https://nnw.fm/NOP

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