Nevada Organic Phosphate Inc. has received approximately $807,000 from the exercise of 14,636,600 common share purchase warrants, representing 99.7% of warrants subject to acceleration. This financial development follows the company's January 21, 2026 news release and significantly enhances its ability to fund ongoing mineral exploration activities.
The exercised warrants were originally issued in connection with private placements completed between February and July 2025, carrying exercise prices of $0.05 and $0.08 per share. Following these transactions, the company reports a strengthened cash balance of approximately $1.25 million and approximately 143 million common shares issued and outstanding. This capital infusion comes at a critical time as the company prepares for expanded exploration work.
An additional 24.6 million warrants remain outstanding at an exercise price of $0.10, subject to acceleration provisions. If fully exercised, these warrants would provide approximately $2.46 million in additional funding to support continued exploration and development of the Murdock Mountain Project. This includes a planned Phase II drill program with mobilization estimated for mid to late March 2026.
The company's primary asset is an organic sedimentary raw rock phosphate bed measuring 6.6 kilometres long in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres, making this what the company describes as the only known large-scale organic sedimentary phosphate project in North America. The project's strategic location near the main highway to Montello/Elko, Nevada, and proximity to rail infrastructure to California provides logistical advantages for potential future development.
This financial development matters because phosphate represents a critical mineral for global agriculture and food security, with North America currently dependent on imports for much of its phosphate needs. The successful warrant exercises demonstrate investor confidence in Nevada Organic Phosphate's exploration program and provide tangible resources to advance what could become a strategically important domestic phosphate source. The company maintains a newsroom at https://ibn.fm/NOP where investors can access updates.
For the mining industry, this announcement highlights how junior exploration companies can utilize warrant structures to secure funding for critical exploration phases. The substantial warrant exercise rate of 99.7% suggests strong investor support for the company's technical approach and the strategic importance of domestic phosphate resources. As global demand for agricultural inputs continues to grow, securing reliable phosphate sources becomes increasingly important for food production systems.
The additional funding positions Nevada Organic Phosphate to systematically test the extent and quality of its phosphate deposit through the planned Phase II drill program. Successful exploration results could potentially reduce North America's reliance on imported phosphate, creating supply chain resilience for agricultural producers. The company's progress will be closely watched by agricultural, mining, and investment communities interested in critical mineral development.
