NOP Extends Murdock Mountain Strike Length to 3km

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Investors looking to break into the fertilizer sector are following a recent news release out of Nevada.

Key Takeaways

• Nevada Organic Phosphate's hole MM26-10, a 1.5-km (kilometer) stepout at Murdock Mountain, intersected the Meade Peak horizon, extending confirmed strike length to over 3 km.
• Visual core logging shows oolitic textures consistent with the upper phosphate zone, though assay results are still pending.
• The company is switching drill contractors after delays from mechanical breakdowns, crew availability, and shared water-well access with a neighboring ranch during drought conditions.

Stepout Confirms 3km Strike Length

On August 5, 2026, Nevada Organic Phosphate Inc. (NOP:CSE; NOPFF:OTCQB) announced that drill hole MM26-10 at its Murdock Mountain project had intersected Meade Peak and extended the strike over 3 km. Preliminary core logging of the 1.5-km stepout indicated visual evidence of the upper phosphate zone's oolitic textures. NOP believes this find represents a significant derisking of its geological model. "Demonstrating continuity of the upper phosphate zone along strike is a foundational requirement for future evaluation work. Each assay-confirmed stepout increases confidence in the scale potential of the sedimentary system and supports NOP's strategy of advancing a clean, low-contaminant organic phosphate project, aligned with emerging U.S. critical mineral, agricultural, and regulatory trends," reported the release.

Ceo of NOP, Robin Dow, commented that "MM26-10 intersecting the Meade Peak with clear indications of the oolitic upper phosphate zone is a significant milestone for NOP. This hole extends our confirmed strike length to over three km, marking meaningful progress in demonstrating continuity of the target strike."

Garry Smith, the company's PGeo and Director, added: "This drill program has faced unavoidable delays related to mechanical breakdowns, intermittent drill crew availability, and cross-border shipping constraints. As a result, the company is transitioning to a new drill contractor to ensure improved reliability and production going forward."

Mr. Smith continued: "NOP also shares a permitted water well with neighboring ranch operations. Recent midsummer heat and drought conditions have temporarily increased local water demand for cattle, and ranch use has been prioritized for short intervals. We continue to coordinate respectfully with local stakeholders to maintain responsible shared access. As temperatures moderate and locally based drill contractors make equipment and crews available, we expect drilling productivity to improve significantly."

When the prospecting program has concluded and all samples have been reviewed, NOP will release assay results.

NOP is a Canadian junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometers long, in northeast Nevada.

Phosphate Demand Grows with Agriculture

Phosphate rock is an important source of phosphorus for fertilizers and agricultural applications. Phosphate is a chemical required for proper plant growth and is a critical component for creating phosphorus-rich soil nutrients, growing global food demand, and fertilizer tech advancements aimed at improving crop yields.

In 2025, the global phosphatic fertilizers market was valued at US$62.64 billion, according to a May 25, 2026, article by Fortune Business Insights. The article went on to say that the market is projected to grow to US$127.01 billion by 2034. In the US alone, the market is expected to hit US$8.47 billion by 2032. According to Fortune, "North America led the phosphatic fertilizers market with a 12.11% share in 2025 and continues to see growth due to advanced fertilizer technologies and rising crop nutrient needs."

The U.S.A. contains the largest agriculture sector in the world in terms of size, according to a May 14, 2026, report by Strategy & Stats Insider. The article said, "The use of phosphate-based fertilizers by the farmers is mainly on corn, soybean, and wheat crops, which are some of the crops that require high amounts of phosphate in the world."

Climate change is creating conditions that require more efficient phosphate fertilizer use. According to S&S Insider, "Drought conditions, changing rainfall patterns, and more frequent extreme weather events are making precision nutrient management more important. Farmers who apply the right amount of phosphate at the right time and place get better returns and also protect water quality by reducing runoff."

Couloir Capital Rates NOP a "Buy"

A May 21, 2026, research report by Tim Wright for Couloir Capital rated NOP as a "Buy", with a fair value price of CA$0.64. Wright noted a "positive outlook" due to an experienced management team and the structural advantage of low-impurity rock at Murdock Mountain.

Regarding resource potential, Wright wrote: "The exploration target mineral inventory (ETMI) over the 3,166.3 ha project area is estimated at 200-220 million tons grading 3-15% P2O5. Initial drill results have returned grades exceeding 10% P2O5 and exhibit favorable chemistry." 

Resource Estimate Possible in 2026

According to the company's website, "A NI-43-101 Resource Estimate may be generated by the company in 2026. If all goes well, a sizeable resource estimate could provide the company with the impetus to draw up resource extraction plans and issue a Preliminary Economic Assessment (PEA) soon thereafter."

Ownership & Share Information¹

Nevada Organic Phosphate Inc. has a market cap of CA$21.50 million, with 178.92 million shares outstanding. The company's 52-week range is CA$0.04-CA$0.27. Management & Insiders own 6.05% of shares, while the remaining 93.95% of shares are Retail.

Frequently Asked Questions

Q: What is phosphate?
A: Phosphate is a mineral containing phosphorus, an essential nutrient for plant growth. It is commonly processed into fertilizers used to supply crops with phosphorus.

Q: What is phosphate fertilizer?
A: Phosphate fertilizer is a type of agricultural fertilizer that supplies phosphorus to plants. Phosphorus supports root development, energy transfer and other processes involved in plant growth.

Q: What is rock phosphate?
A: Rock phosphate is a naturally occurring mineral deposit containing phosphate minerals. It can be processed into fertilizer or used as a source of phosphorus for agricultural products.

Q: What is organic phosphate?
A: Organic phosphate refers to phosphate compounds containing carbon-based structures. Organic phosphates have applications in areas including agriculture, pesticides, pharmaceuticals and some industrial products.

Q: What is P2O5 in phosphate mining?
A: P2O5, or phosphorus pentoxide, is the standard measurement used to report the phosphorus content of phosphate rock. It is commonly used to compare the grade of different phosphate deposits.