Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) announced it has waived the forced warrant acceleration provision tied to more than 23.6 million outstanding warrants issued in its 2025 private placement. This decision allows holders to retain the original exercise terms through their respective expiry dates, providing flexibility for investors.
The company also reported that drilling operations are temporarily paused for mandatory crew rest over the Memorial Day weekend. During this time, on-site teams continue core logging and sampling, prospecting across new permit areas, and reclaiming inactive drill pads as part of the ongoing 2026 exploration program. These activities highlight the company's commitment to advancing its organic sedimentary rock phosphate project in northeast Nevada.
Nevada Organic Phosphate is a junior exploration company with a 6.6-kilometer-long organic sedimentary raw rock phosphate bed in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometers. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. The project is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California, offering logistical advantages.
For more details on the announcement, view the full press release at https://nnw.fm/Sj7fO. The latest news and updates relating to NOP are available in the company’s newsroom at https://nnw.fm/NOP.
