This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising.
Nevada Organic Phosphate (CSE: NOP) (OTCQB: NOPFF) (FSE: Z58) announced that its board of directors is considering a share consolidation of up to one post-consolidation share for every three existing shares, subject to shareholder and regulatory approvals. The proposal is intended to improve the company’s capital structure, market liquidity and access to financing as it advances its Murdock Mountain Project through ongoing drilling, pending assay results and preparation of a maiden mineral resource estimate by P&E Mining Consultants Inc. The company reported approximately US$2.5 million in cash, sufficient to fund its current phase of exploration and technical evaluation.
Shareholders will vote on the proposed consolidation at a meeting scheduled for Dec. 30, 2026, with approval requiring at least two-thirds of votes cast. Meeting materials are expected to be available around Dec. 9. If implemented at the maximum 1-for-3 ratio, the consolidation would reduce outstanding common shares from approximately 180 million to 60 million, subject to rounding. The board would retain discretion over the timing and implementation of the consolidation, including the option not to proceed.
To view the full press release, visit https://ibn.fm/fNnF1
About Nevada Organic Phosphate Inc.
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.
NOTE TO INVESTORS: The latest news and updates relating to NOP are available in the company’s newsroom at https://ibn.fm/NOP
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