Nevada Organic Phosphate Secures Full Ownership of Murdock Mountain Project, Eliminates Royalty Obligations

Nevada Organic Phosphate Inc., a British Columbia-based company focused on organic sedimentary phosphate exploration, has achieved full ownership of its Murdock Mountain Project while eliminating certain net smelter return royalty liabilities. The company announced the signing of an agreement with Montecinos Family Trust that results in 100% ownership of the project. Under the agreement, the company purchased and cancelled a 2% net smelter return royalty and all related payment obligations in exchange for US$50,000 and the issuance of 1,000,000 common shares, subject to Canadian Securities Exchange approval.

This transaction provides Nevada Organic Phosphate with greater strategic flexibility, including the potential formation of joint ventures with arm's-length parties. The Murdock Mountain Project represents a significant asset for the company, featuring an organic sedimentary raw rock phosphate bed that extends 6.6 kilometres long in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres, making this what is believed to be the only known large-scale organic sedimentary phosphate project in North America.

The project's location offers logistical advantages, situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California. This strategic positioning could facilitate transportation and distribution if the project moves into production phases. The full press release detailing this transaction is available at https://ibn.fm/iVflU.

For investors seeking additional information about Nevada Organic Phosphate, the latest news and updates relating to the company are available in the company's newsroom at https://ibn.fm/NOP. The announcement was disseminated through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry that is part of the Dynamic Brand Portfolio at IBN. Rocks & Stocks provides various services including access to wire solutions, article and editorial syndication to over 5,000 outlets, enhanced press release services, social media distribution, and tailored corporate communications solutions.

The elimination of royalty obligations represents a significant development for Nevada Organic Phosphate as it positions the company to potentially attract joint venture partners without the complication of existing royalty agreements. This move could accelerate development timelines and improve the project's economic viability by removing future payment obligations that would otherwise reduce potential revenue streams. The transaction demonstrates the company's commitment to optimizing its asset structure and creating value for shareholders through strategic corporate actions.

Organic sedimentary phosphate represents a specialized segment of the mining industry with applications in agriculture and other sectors. The Murdock Mountain Project's unique characteristics as what is believed to be North America's only large-scale deposit of this type could position Nevada Organic Phosphate as a significant player in the phosphate market if the project proves economically viable. The company's ability to secure full ownership and eliminate royalty obligations represents an important step in advancing the project toward potential development and production.