Nevada Organic Phosphate Secures $807,000 Through Warrant Exercises, Bolstering Financial Position for Exploration

Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) announced it 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 enhances its ability to advance 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 strengthened financial position provides immediate resources for the company's operational plans. 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 capital to support continued exploration and development activities.

The funding is particularly important for advancing the Murdock Mountain Project, which includes a planned Phase II drill program with mobilization estimated for mid to late March 2026. The project represents a significant opportunity in the North American phosphate market. Nevada Organic Phosphate's Murdock Mountain property features 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. According to company information available at https://ibn.fm/NOP, this is believed to be the only known large-scale organic sedimentary phosphate project in North America.

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 operations. The successful warrant exercises demonstrate investor confidence in the company's exploration program and the potential of the Murdock Mountain Project. This financial milestone comes at a critical time as the company prepares for its next phase of exploration activities, positioning it to potentially capitalize on growing demand for phosphate resources in North America.

The company's strengthened cash position through these warrant exercises provides greater financial flexibility to execute its exploration strategy while minimizing dilution compared to alternative financing options. This development represents a significant step forward in the company's efforts to advance what it describes as a unique phosphate resource in a strategic North American location. The additional capital will enable more comprehensive exploration work as the company seeks to better understand the full potential of the Murdock Mountain property.