Nevada Organic Phosphate Secures Full Ownership of Murdock Mountain Project

Nevada Organic Phosphate Inc., a British Columbia-based company focused on organic sedimentary phosphate exploration, announced it has secured full ownership of its Murdock Mountain Project through an agreement that eliminates certain net smelter return royalty liabilities. The company signed an agreement with Montecinos Family Trust to purchase and cancel 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 the company with greater strategic flexibility, including the potential formation of joint ventures with arm's-length parties.

The Murdock Mountain Project represents a significant mineral asset in northeast Nevada, featuring an organic sedimentary raw rock phosphate bed that extends 6.6 kilometres long. Additional applications suggest the potential strike of rock phosphate could exceed 30 kilometres, making this the only known large-scale organic sedimentary phosphate project in North America. The project's location near the main highway to Montello/Elko, Nevada, and proximity to the rail head to California provides logistical advantages for potential development and transportation. The company's newsroom at https://ibn.fm/NOP provides ongoing updates about its operations and developments.

The elimination of the net smelter return royalty represents a strategic move that enhances the project's economic viability and investment appeal. By removing these financial obligations, Nevada Organic Phosphate gains greater control over future revenue streams and operational decisions. This development comes at a time when phosphate resources are increasingly important for agricultural production and food security, with organic sedimentary phosphate offering potential environmental advantages over traditional mining methods. The full press release detailing this transaction can be accessed at https://ibn.fm/iVflU for those seeking comprehensive information about the agreement terms and implications.

This ownership consolidation positions Nevada Organic Phosphate to pursue various development pathways without the constraints of royalty obligations that could otherwise limit profitability and operational flexibility. The ability to form joint ventures with arm's-length parties opens opportunities for strategic partnerships that could accelerate project development through shared expertise and resources. As a junior exploration company, Nevada Organic Phosphate's control over this unique North American phosphate resource represents a significant milestone in its corporate development strategy. The project's scale and organic sedimentary nature distinguish it from other phosphate resources on the continent, potentially offering competitive advantages in markets increasingly focused on sustainable resource extraction.