Nevada Organic Phosphate (CSE:NOP) has received US$807,000 ($1.13 million) after exercising around 14.6 million common share purchase warrants at US$0.05 and US$0.08 per warrant.
The company now has a cash balance of US$1.25 million and share capital consists of 143 million shares. In addition, 24.6 million common share purchase warrants remain outstanding at US$0.10, subject to acceleration if the company’s volume weighted average price equals or exceeds US$0.25 for a period of 10 consecutive days.
If fully exercised, the warrants would provide additional funding of US$2.46 million to support continued exploration and development activities at the Murdock Mountain Project in the US.
CEO Robin Dow says these funds further strengthen the company’s balance sheet and support its advancement of Murdock Mountain.
“In addition, the company is planning for a phase two drill program at Murdock Mountain, with mobilisation currently estimated for mid to late March 2026,” Dow says.
The drilling program is designed to extend the 2025 drill campaign westward. The company plans to construct at least five additional drill pads along the remaining 5km strike length, with multiple holes expected from each pad.
Nevada Organic says this work will further assess the continuity, thickness and grade of the 6.6km strike length of phosphate-bearing horizons.
As reported, Nevada Organic received results from six drillholes at the Upper Phosphatic Zone at Murdock Mountain, with samples averaging 10.93% phosphorus pentoxide, confirming the presence of a phosphate-bearing horizon in the deposit.
The company emphasised that the deposit is more than just phosphate ore. It is a naturally balanced fertiliser containing calcium, magnesium, potassium, iron, manganese, silicon, and trace micronutrients. This multi-nutrient profile supports soil health and provides a slow-release nutrient effect, making it attractive for organic and regenerative farming practices.
Nevada Organic Phosphate is a junior explorer focused on an organic sedimentary raw rock phosphate bed, 6.6km long in northeast Nevada.
In 2026, as world population growth continues and climate pressures continue to mount, phosphate mining is at a critical juncture – meeting rising demand for food and renewable technologies while managing environmental impacts and finite resources.
As reported by this news service, 90% of phosphate mined is used to produce chemical fertilisers, according to the South Australian Government.
Phosphorus is one of the three major nutrients required by plants (the others are nitrogen and potassium), controlling the transfer and storage of energy at the cellular level and playing a crucial role in metabolic processes.
For general use in the fertiliser industry, it’s preferred for phosphate rock or its concentrates to have levels of about 30% phosphorus pentoxide (P2O5), reasonable amounts of calcium carbonate (5%), and less than 4% combined iron and aluminium oxides.
Write to Aaliyah Rogan at Mining.com.au
Images: iStock & Nevada Organic Phosphate
