Nevada Organic Phosphate Increases Unit Offering and Closes First Tranche
NOP PR #26-26
Not for distribution to U.S. news wire services or dissemination in the United States.
Nevada Organic Phosphate Increases Unit Offering
and Closes First Tranche
Vancouver, British Columbia, May 22, 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 13, 202 6; and May 15 , 2026; it has closed the first tranche of its
previously announced non- brokered private placement (the “ Offering”) for gross
aggregate proceeds of $5,044,747 (the “ First Tranche”) through the issuance of
28,026,370 units of the Company (each, a “Unit”) at a price of $0.18 per Unit.
The Company is pleased to note that the Offering attracted 116 individual subscriptions,
reflecting significant breadth of investor participation and strong conviction in the
Company's ongoing drill program and the potential of its Murdock Property. The Company
also announces that due to high investor interest it has increased the Offering for gross
aggregate proceeds of up to $5,500,000 to accommodate oversubscriptions and intends
to close the second and final tranche next week.
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 $327,512 were paid and 1,819,513 finder’s warrants were issued (the "Finder's
Warrants") to certain finders in connection with the First Tranche. 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 First 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 off er, solicitation 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.