Nevada Organic Phosphate Inc. has received approximately $807,000 from the exercise of 14,636,600 common share purchase warrants, representing 99.7% of warrants subject to acceleration. This financial development follows the company's January 21, 2026 announcement and provides immediate capital to support 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 per share. Following these exercises, the company reports a cash balance of approximately $1.25 million and approximately 143 million common shares issued and outstanding. This financial strengthening comes at a critical time for the junior exploration company as it prepares for expanded operations.
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. This potential capital injection is earmarked to support continued exploration and development of the Murdock Mountain Project, including a planned Phase II drill program with mobilization estimated for mid to late March 2026.
The significance of this financial development extends beyond the immediate cash infusion. Nevada Organic Phosphate's project represents what is believed to be the only known large-scale organic sedimentary phosphate project in North America. The company's primary asset is an organic sedimentary raw rock phosphate bed measuring 6.6 kilometres long in northeast Nevada, 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 and transportation. This geographic positioning could prove significant as North America seeks to develop domestic sources of critical minerals and reduce reliance on foreign supplies.
For investors and industry observers, the successful warrant exercise demonstrates continued shareholder confidence in the company's prospects. The additional funding enables Nevada Organic Phosphate to advance its exploration program without immediate need for dilutive financing alternatives. The company maintains a newsroom at https://ibn.fm/NOP where updates are regularly posted.
The mining industry faces increasing demand for phosphate resources, which are essential components in agricultural fertilizers and various industrial applications. Nevada Organic Phosphate's project represents a potential domestic source of this critical mineral at a time when supply chain security has become a national priority for many countries. The company's progress could have implications for agricultural production, mineral independence, and regional economic development in Nevada.
As the company prepares for its Phase II drill program, the financial stability provided by the warrant exercises allows for uninterrupted exploration activities. This continuity is particularly important in mineral exploration, where consistent progress can be crucial for maintaining project momentum and investor confidence. The additional capital also provides flexibility to respond to exploration results and adjust development plans as needed.
