Nevada Organic Phosphate Announces Receipt of $807,000 from Warrant Exercises

Executive Summary

• Nevada Organic Phosphate Inc. received approximately $807,000 from the exercise of 14.64 million common share purchase warrants (exercise prices $0.05 and $0.08).
• The company’s cash balance is now about $1.25 million, and it retains roughly 24.6 million warrants outstanding at a $0.10 exercise price, which could generate an additional ~$2.46 million if fully exercised.
• Proceeds will be used to fund continued exploration and development of the Murdock Mountain Project, with Phase II drilling slated for mobilization in mid‑to‑late March 2026.

Key Details

• Warrant exercise: 14,636,600 warrants representing 99.7% of those subject to acceleration were exercised.
• Exercise price: $0.05 and $0.08 per warrant (originally issued with private placements closed Feb 21, May 21, Jun 20, Jul 22 2025).
• Proceeds received: Approximately $807,000.
• Current cash balance: Approximately $1.25 million.
• Outstanding warrants: ~24.6 million at $0.10 each; acceleration triggers if VWAP ≥ $0.25 for 10 consecutive trading days.
• Potential additional funding: If all remaining warrants are exercised, an estimated $2.46 million could be raised.
• Share capital post‑exercise: Approximately 143 million common shares issued and outstanding.
• Use of proceeds: To support exploration and development of the Murdock Mountain Project, including Phase II drill program scheduled for mobilization in March 2026.

Notable Quotes

“These proceeds further strengthen our balance sheet and support NOP's continued advancement of the Murdock Mountain Project.” – Robin Dow, CEO

Materiality Assessment: Material – Positive (significant cash inflow, improved balance sheet, and direct funding for upcoming drilling program).