Nevada Organic Phosphate Increases Unit Offering and Closes Final Tranche of $705,734 for Aggregate Gross Proceeds of $5,750,481
NOP PR #26-28
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Nevada Organic Phosphate Increases Unit Offering
and Closes Final Tranche of $705,734 for Aggregate
Gross Proceeds of $5,750,481
Vancouver, British Columbia, May 29, 2026, Nevada Organic Phosphate Inc. (“NOP”
or the “Company”) (CSE: NOP) (OTCQB: NOPFF), a B.C. based leader in organic
sedimentary phosphate exploration, is pleased to announce that, further to its news
releases dated May 22, 2026, May 13, 2026, and May 15, 2026, it has closed the second
and final tranche of its previously announced non -brokered private placement (the
“Offering”) for gross aggregate proceeds of $ 705,734 (the “Second Tranche”) through
the issuance of 3,920,744 units of the Company (each, a “ Unit”) at a price of $0. 18 per
Unit. Together with proceeds from the first tranche of the Offering, the Company raised
an aggregate of $5,750,481.
Each Unit consists of one common share in the capital of the Company (each, a “Share”)
and one-half of one Share purchase warrant (each whole warrant, a “Warrant”), with each
Warrant entitling the holder thereof to purchase one additional Share (each, a “ Warrant
Share”) at a price of $0. 30 per Warrant Share for a period of thirty-six months following
the date of issuance.
Fees of $ 43,311 were paid and 240,619 finder’s warrants were issued (the " Finder's
Warrants") to certain finders in connection with the Second Tranche. Together with the
first tranche of the Offering, the Company paid aggregate finder’s fees of $ 369,563 and
issued 2,053,130 Finder’s Warrants. Each Finder's Warrant entitles the holder thereof to
purchase one additional Share (each, a “ Finder’s Warrant Share ”) at a price of $0. 30
per Finder’s Warrant Share for a period of thirty-six months following the date of issuance.
The aggregate proceeds of the First Tranche are anticipated to be used for a phase two
drill program at the Company’s Murdock Mountain Property and for general working
capital.
All securities issued in connection with the Second Tranche are subject to a statutory hold
period expiring four months and one day after the date of issuance, as set out in National
Instrument 45 ‐102 – Resale of Securities . The Offering remains subject to regulatory
approval and the approval of the Canadian Securities Exchange (“CSE”).
None of the securities sold in connection with the Second Tranche have been and will not
be registered under the United States Securities Act of 1933, as amended, and no such
securities may be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements. This news release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities
in the United States or any jurisdiction in which such offer, solicit ation or sale would be
unlawful.
Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF)
NOP 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, Nevada, and near the rail head to California or the East
Coast.
For More Information
Robin Dow, CEO
T: 604.355.9986
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept
responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information (“FLSI”) within the meaning
of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans,
intentions, estimates, forecasts, projections, guidance or other similar statements and information that are
not historical facts. All statements which are not historical statements are considered FLSI. All FLSI is
based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties,
including without limitation those risks and uncertainties identified in the Company’s public securities filings,
which may cause actual events or results to differ materially from those indicated or implied in FLSI.
Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes
that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can
give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the
date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as
a result of new information, future events or otherwise, unless required by applicable securities laws. Any
FLSI in this news release is expressly qualified in its entirety by this cautionary statement.