Nevada Organic Phosphate On-Track for 2026 Drill Program at Murdock Mountain Project

Executive Summary

• Completed all required pre‑clearance wildlife surveys for the Murdock Mountain Phosphate Project with no issues identified.
• Sage‑grouse lek site surveys were performed successfully; a second final survey is pending within regulatory windows.
• The company will soon resume drilling after bulldozer work completes new drill pad construction, aiming to expand strike potential and support future resource classification.

Key Details

• All pre‑clearance wildlife surveys associated with the Exploration Permit are finished; no adverse findings reported.
• Both designated sage‑grouse lek sites have undergone their first scheduled survey without concern; a second and final survey will be completed shortly per timing windows.
• Environmental confirmations permit progression to the next field‑work phase, including bulldozer return to construct additional drill pads.
• Drilling contractor is slated to resume drilling to evaluate strike potential, thickness, lateral continuity, and grade characteristics of the phosphate zone that outcrops across the project area.
• Upcoming drill holes are designed to:
• Expand geological model strike potential.
• Refine structural controls.
• Support future resource classification work.
• CEO Robin Dow noted capacity constraints in Nevada’s exploration boom but expressed confidence in meeting optimal project timelines with the new contractor.

Notable Quotes

“Nevada is in a major exploration boom cycle and environmental consultants and drilling companies are operating at capacity. We are excited to be completing our pre‑clearance wildlife surveys and to be returning to drilling with our new contractor within our optimal project timelines.” – Robin Dow, CEO