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WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0% WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0%
Drill Results

Nevada Organic Phosphate Reports Consistent Meade Peak Thickness in Sixth Murdock Mountain Drill Hole, Stock Option Grant and Share Issuance

By The Northwire Desk — AI Analysis Nov 19, 2025 · 08:31 NOP · 0.08 Nevada Organic Phosphate Inc.
NOP · Price

Executive Summary

  • Nevada Organic Phosphate reported that drill hole MM25‑6 intersected 37.3 m of favorable Meade Peak phosphate-bearing stratigraphy, extending the known strike length to >1.4 km.
  • The company issued 924,000 stock options (exercise price $0.08) and 3,000,000 compensation shares to senior personnel as a bonus for completing Phase 1 exploration.
  • Laboratory assay results are pending; drilling program is complete for the year with operations slated to resume early 2026.

Key Details

  • Drill Hole MM25‑6 – Located at 723830E, 4568439N; vertical depth 78.3 m (257 ft). Intersected 37.3 m (122 ft) of Meade Peak phosphate-bearing siltstone/phosphorite.
  • Continuity Confirmation – Hole positioned ~370 m SW of previous holes MM25‑4/5, confirming continuity and extending strike length to >1.4 km.
  • Exploration Target – Upper Phosphatic Zone (3.4–7.6 m thick) within the Meade Peak Member (28–40 m total thickness). Thickness and grade to be defined by upcoming assays.
  • Program Status – MM25‑6 is the final hole of the 2025 program; equipment demobilized, drill pads reclaimed. Field work to restart in early 2026 pending weather.
  • Assay Release – Company will publish laboratory assay results once validated.

Compensation & Option Grant

  • Stock Options: 924,000 options granted to officers/directors/consultants; exercise price $0.08 per share; vest immediately; five‑year term.
  • Compensation Shares: 2,000,000 common shares issued to CEO Robin Dow and 1,000,000 shares to Garry Smith (P. Geo.) at a deemed price of $0.06 per share. Subject to a 4‑month + 1‑day hold period.
  • Related Party Transaction: Exempt from MI 61‑101 valuation and minority approval thresholds (shares <25% market cap). No material change report filed within the usual 21‑day window due to timing of finalization.

Notable Quotes

“We are pleased to report that our sixth drill hole has once again intersected the Meade Peak phosphate-bearing stratigraphy exactly as predicted by our geological model. The target's geometry continues to demonstrate exceptional consistency.” – Robin Dow, CEO

Read the original news release →

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