Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) has received approximately $807,000 from the exercise of 14,636,600 common share purchase warrants, representing 99.7% of the warrants subject to acceleration. This financial development follows the company's January 21, 2026 news release and significantly strengthens its cash position for ongoing mineral exploration activities.
The warrants were originally issued in connection with private placements completed between February and July 2025, carrying exercise prices of $0.05 and $0.08. Following these exercises, the company now reports a cash balance of approximately $1.25 million and approximately 143 million common shares issued and outstanding. This capital infusion comes at a critical time as the company prepares for advanced exploration work at its primary asset.
An additional 24.6 million warrants remain outstanding at an exercise price of $0.10, subject to acceleration provisions. If fully exercised, these warrants would provide approximately $2.46 million in additional funding to support continued exploration and development of the Murdock Mountain Project. This includes a planned Phase II drill program with mobilization estimated for mid to late March 2026.
The Murdock Mountain Project represents what the company describes as the only known large-scale organic sedimentary phosphate project in North America. Located in northeast Nevada, the project features an organic sedimentary raw rock phosphate bed measuring 6.6 kilometres long, with additional applications extending the potential strike of rock phosphate to over 30 kilometres. The project's strategic location near the main highway to Montello/Elko, Nevada, and proximity to the rail head to California provides logistical advantages for potential future development.
For investors seeking additional information, the latest news and updates relating to Nevada Organic Phosphate are available in the company's newsroom at https://ibn.fm/NOP. The company's recent financial developments were detailed in a full press release available at https://ibn.fm/bq6C5.
This financial strengthening is particularly significant given the project's unique characteristics in the North American context. Organic sedimentary phosphate deposits are rare in the region, and successful development could potentially reduce dependence on imported phosphate, a critical component in agricultural fertilizers. The additional funding positions the company to advance exploration activities that could better define the resource's economic potential and move the project toward development stages.
The warrant exercises demonstrate continued investor confidence in the company's exploration program and the strategic importance of developing domestic phosphate resources. As global demand for agricultural inputs continues to grow, securing reliable domestic sources of phosphate becomes increasingly important for food security and agricultural sustainability. The company's progress at Murdock Mountain will be closely watched by both the mining industry and agricultural sectors seeking stable supply chains for essential nutrients.
