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 has decided not to proceed at this time with its previously proposed 1-for-3 share consolidation following feedback from shareholders and other stakeholders. The company has also canceled its Dec. 30, 2026, special shareholder meeting, which had been scheduled to consider the consolidation. Instead, Nevada Organic Phosphate will focus its resources on advancing its ongoing drilling program at the Murdock Mountain property in Nevada, with assay results from ALS expected over the next few weeks.
The company’s shares will continue trading on an unconsolidated basis, with no changes to its 180,049,541 outstanding common shares or existing options and warrants. Shareholders are not required to take any action. The board may reconsider a consolidation in the future, subject to new board and shareholder approvals.
To view the full press release, visit https://ibn.fm/FQe63
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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