Mr. Robin Dow reports
NEVADA ORGANIC PHOSPHATE ANNOUNCES WARRANT EXPIRY ACCELERATIONS
Nevada Organic Phosphate Inc. is electing to accelerate the expiry of outstanding common share purchase warrants of the company originally issued under the financings detailed in the attached table.
If fully exercised, the company would convert 13,968,100 warrants to common shares and receive up to $773,405.
Robin Dow, chief executive officer of Nevada Organic, stated: "The need for phosphate and domestic sources continues to grow, as well as investor interest. These trends along with our recent news showing that the Upper Phosphatic zone delivers predictable, consistent P2O5 grades and thicknesses, while also meeting the criteria for organic certification, has been reflected in our recent share price movement. This warrant capital is well timed as the company plans its next steps to advance the Murdock Mountain project situated close to the main highway to Montello/Elko, Nev., USA."
Proceeds from the exercise of the warrants will be used for the continued advancement of the Murdock Mountain project and general working capital.
Pursuant to the terms of the 2025 warrants, the company may accelerate the expiry date of 2.5 million 2025 warrants if the daily volume weighted average price (VWAP) of the company's common shares on the Canadian Securities Exchange equals or exceeds 12 cents for 10 consecutive trading days, and 11,468,100 2025 warrants if the daily VWAP of the company's common shares on the CSE equals or exceeds eight cents for 10 consecutive trading days, to the date that is 30 days following the dissemination of a news release announcing the acceleration. As of the close on Jan. 20, 2026, the company's common shares have equaled or exceeded a daily VWAP of 12 cents per share over each of the last 10 trading days on the CSE and hereby provides notice of the acceleration period in accordance with the terms of the 2025 warrants. The company is exercising its right to accelerate the expiry of the 2025 warrants originally issued under the financings to 5 p.m. Vancouver time on Nov. 21, 2025.
Warrantholders may exercise their 2025 warrants any time before the accelerated expiry date by observing the process as described in the 2025 warrant certificates. Any 2025 warrants remaining unexercised after the accelerated expiry date will expire and be of no force and effect.
The company, at this time, is not accelerating the expiry of the warrants issued pursuant to the company's private placement, which closed on Sept. 26, 2025, and oct. 3, 2025. The warrants issued under the September and October, 2025, private placement may be accelerated at any time after the issue date, if, for at least 10 consecutive trading days, the VWAP at which the shares trade on the CSE each day exceeds 25 cents per share or greater by issuing an acceleration notice to the holders (which acceleration notice will be given to the holder by the company by disseminating a news release).
About Nevada Organic Phosphate Inc.
The company is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeastern 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 in Nevada and near the rail head to California.
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