Nevada Organic Phosphate Inc., a key player in the exploration of organic sedimentary phosphate, has announced the successful completion of the first tranche of its non-brokered private placement. This announcement follows updates from September 19 and September 23, 2025. The company raised a total of $1,302,000 by issuing 26,040,000 units, with each unit priced at $0.05.
Each unit consists of one common share and half of a share purchase warrant, granting investors the opportunity to purchase additional shares at $0.10 each for up to five years after the issuance date. This capital will support an initial drilling program at the company’s Murdock Property and cover general operational expenses.
Details of the funding tranche
The initial drilling program is scheduled to begin in early October, expected The funds raised will support this phase one drilling and enhance the company’s overall working capital. In connection with this tranche, Nevada Organic Phosphate paid $91,250 in fees and issued 1,825,000 finder’s units to intermediaries who assisted in the fundraise. Each finder’s unit mirrors the structure of the regular units, consisting of one share and half a finder’s warrant, with similar terms for purchasing additional shares.
Warrant details and conditions
Both the share purchase warrants and finder’s warrants contain an acceleration clause. This clause activates if the average trading price of the company’s shares reaches or exceeds $0.25 for ten consecutive trading days. In such cases, Nevada Organic Phosphate can issue a notice to warrant holders, reducing the expiry period to thirty days following the announcement.
All securities distributed in this funding tranche are subject to a mandatory holding period of four months and one day, as stipulated by National Instrument 45-102. Additionally, the offering requires regulatory approval, including that of the Canadian Securities Exchange.
About Nevada Organic Phosphate
Nevada Organic Phosphate Inc. is a junior exploration company with a significant organic sedimentary phosphate bed measuring approximately 6.6 kilometers in length in northeast Nevada. The company’s exploration rights extend the potential phosphate strike to over 30 kilometers, indicating substantial prospects in the organic phosphate sector.
This project is particularly notable as it is believed to be the only large-scale organic sedimentary phosphate venture in North America. Its strategic location near major transport routes to Montello and Elko, Nevada, and proximity to rail access to California, further enhance its potential for future development and distribution.
Contact information and investor relations
For further inquiries, interested parties can contact Robin Dow, CEO of Nevada Organic Phosphate, at 604.355.9986 or via email at robin@dowgroup.ca.
This announcement does not constitute an offer to sell or a solicitation to buy any of the securities in the United States or any jurisdiction where such offers would be illegal. Additionally, none of the securities sold under this offering have been registered under the U.S. Securities Act of 1933, and therefore cannot be traded or offered in the United States without proper registration or exemption.