Northwire Canada EditionMonday, August 31, 2026
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Drill Results Routine +

Nevada Organic Phosphate Reports Preliminary Geological Observations from Drill Hole MM26-7 at Murdock Mountain

Nevada Organic Phosphate Advances Drilling Program Following Oversubscribed Financing, Assays Awaited to Confirm Grade Continuity

By The Northwire Desk — AI Analysis May 20, 2026 · 08:17 NOP · 0.195 Nevada Organic Phosphate Inc.
Executive Summary
  • Nevada Organic Phosphate Inc. reported preliminary geological observations from drill hole MM26-7 at the Murdock Mountain Property in Elko County, Nevada.
  • Drill hole MM26-7 intersected an apparent 39 metres (127.9 feet) of the Meade Peak interval stratigraphy.
  • Laboratory assays are currently pending to confirm true thickness and phosphate content ($P_2O_5$).
  • Drill hole MM26-8 has also been completed, with geological observations expected once logging is finished.
  • A licensed surveyor has completed surveying for drill hole collars MM25-1 through MM25-6; additional surveys for the 2026 drilling program will be conducted upon completion of drilling.
  • An updated map featuring 2025 and 2026 drill hole locations will be released in a future update.
Material Impact
  • The news confirms that the Phase II drill program, funded by the recent $4.75 million private placement announced on May 15, is proceeding as planned.
  • Intersecting 39 metres of Meade Peak stratigraphy validates the geological model established during the 2025 drilling campaign (MM25-1 to MM26-6).
  • The absence of assay results in this release prevents a material re-rating; investors must wait for chemical data to confirm grade continuity and heavy metal profiles.
  • The financing increase from $2 million to $4.75 million on May 15 was oversubscribed, indicating strong investor interest at the $0.18 unit price, which provides liquidity but introduces dilution risk via warrants.
  • Current stock price ($0.20) is trading slightly above the financing price ($0.18), suggesting the market has priced in the capital raise and initial drilling progress.
  • No new resource estimates or economic studies are disclosed; this remains an exploration update rather than a development milestone.
NOP · Price
Company Overview
  • Company: Nevada Organic Phosphate Inc. (NOP) trades on CSE (NOP) and OTCQB (NOPFF).
  • Flagship Project: Murdock Mountain Property in Elko County, Nevada.
  • Asset Type: Direct-application rock phosphate (DARP), organic sedimentary phosphate horizon within the Meade Peak Member.
  • Scale: 6.6 km strike length confirmed; potential extension to over 30 km via additional lease applications.
  • Exploration Target Mineral Inventory (ETMI): Estimated at >200 million tonnes across all areas (Nevagro Permit + South, North, Far North Applications).
  • Product Profile: Low heavy-metal contaminants suitable for organic/regenerative agriculture certification; requires no sulfur or ammonia processing.
Read the original news release →

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Production / Operations May 22, 2026 · 13:25

Upsized Placement Signals Market Confidence in Nevada Organic Phosphate's Murdock Mountain Organic Phosphate Project

Financings May 15, 2026 · 09:00

NOP doubles down on Murdock Mountain – placement jumps to $4.75M after strong demand, funding phase‑2 drilling from a position of momentum.

Financings