Nevada Organic Phosphate Inc. has elected to accelerate the expiry of 13,968,100 outstanding common share purchase warrants, a move triggered by the company's stock performance meeting specific criteria. The warrants, issued under financings completed between February and July 2025, could generate up to $773,405 in gross proceeds if fully exercised before the new deadline of November 21, 2025. The acceleration follows the company's common shares achieving a daily volume weighted average price of at least $0.12 on the Canadian Stock Exchange for 10 consecutive trading days. This triggered an Acceleration Period clause in the warrant agreements, advancing the expiry date from the original terms.
The company intends to use the proceeds to support advancement of its Murdock Mountain Project and general working capital requirements. Nevada Organic Phosphate is a junior exploration company focused on what it describes as the only known large-scale organic sedimentary phosphate project in North America. 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, according to company information available at https://ibn.fm/NOP.
The Murdock Mountain Project is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California, providing potential logistical advantages for development and transportation. The acceleration of warrant expiry represents a strategic financial move for the company as it seeks to advance exploration and development activities at its Nevada properties. Warrant acceleration clauses are common in mining financings and provide companies with mechanisms to potentially raise additional capital when certain stock price thresholds are met.
For investors holding the warrants, the acceleration creates a compressed timeline for deciding whether to exercise their purchase rights or allow them to expire. The full details of the acceleration and warrant terms are available in the company's official announcement at https://ibn.fm/TePTD. The company's stock trades on both the Canadian Securities Exchange under the symbol NOP and on the OTCQB market under NOPFF. The warrant acceleration comes as the company continues to develop what it characterizes as a unique phosphate resource in North America, with potential applications in agriculture and other industries requiring phosphate materials.
