22:40:27 EST Wed 19 Nov 2025
Enter Symbol
or Name
USA
CA



Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 120,997,005
Close 2025-11-19 C$ 0.08
Market Cap C$ 9,679,760
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Nevada Organic talks Meade Peak drill results

2025-11-19 18:09 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE REPORTS CONSISTENT MEADE PEAK THICKNESS IN SIXTH MURDOCK MOUNTAIN DRILL HOLE, STOCK OPTION GRANT AND SHARE ISSUANCE

Nevada Organic Phosphate Inc. has released additional encouraging preliminary observations from drill holes MM25-6, now completed on its wholly owned Murdock Mountain property in Elko county, Nevada.

The company's exploration target is the Upper Phosphatic zone, a 3.4-to-7.6-metre-(11 to 25 feet)-thick interval within the Meade Peak member, which itself comprises 28 to 40 metres (92 to 131 feet) of phosphatic siltstone and phosphorite. This stratigraphic framework is based on the work of William Fedewa (MSc thesis, 1980: Stratigraphy and Phosphate Resources of the Murdock Mountain Area, Elko county, Nevada) from trench observations. Some variation in the thickness of the Upper Phosphatic zone based on this drill program will be determined from assay results.

Drill hole MM25-6, located at 723830E, 4568439N, was drilled vertically to a depth of 78.3 metres (257 feet) and intersected 37.3 metres (122 feet) of favourable, Meade Peak phosphate-bearing stratigraphy, actual thickness and phosphate content to be determined by assay.

Drill hole MM25-6, located 370 metres southwest of MM25-4 and MM25-5, further confirmed the continuity of the Mead Peak phosphate zone, extending its strike length to more than 1.4 kilometres to date.

Robin Dow, chief executive officer of Nevada Organic Phosphate, stated: "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."

MM25-6 marks the final drill hole of this year's program. With winter conditions approaching, drilling equipment has been demobilized from the mountain and initial reclamation of drill pads has been completed. Operations are scheduled to resume in early 2026, once weather permits.

The company will release laboratory assay results once received and validated.

The independent qualified person for this drill program is Kenneth N. Tullar, AIPG, certified professional geologist (CPG-11142), who has reviewed and approved the technical content of this release.

Option grant and compensation shares issuance

The company has approved the issuance of 924,000 stock options to certain officers, directors and consultants of the company for the purchase of up to 924,000 common shares in the capital of the company pursuant to the company's stock option plan. Each option vested immediately and is exercisable for a period of five years at an exercise price of eight cents per share.

The company has also agreed to issue two million common shares of the company to Robin Dow, chief executive officer, and one million common shares to Garry Smith, PGeo, as bonus compensation. The compensation shares are being issued at a deemed price of six cents per share, in accordance with policies of the Canadian Securities Exchange. The options and compensation shares are being issued as a bonus for the very successful completion of phase 1 of exploration on Murdock Mountain. All compensation shares issued are subject to a four-month-and-a-day hold period.

The issuance of the compensation shares constitutes a related party transaction as this term is defined in Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions. The issuance of the shares was exempt from the valuation requirement of MI 61-101 by the virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the shares issued did not exceed 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing of the compensation shares transaction as the details and amounts of the bonuses were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable, which the company deems reasonable.

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and near the rail head to California.

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