Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company) a B.C. based company engaged, in Nevada, in exploration for organic, sedimentary raw rock phosphate, is pleased to report that it has been advised by Westland, its Environmental Consultant, that the Administrative Draft of the Murdock Mountain EA was submitted to the BLM in Reno on March 8. It was then sent to the BLM team in WellsElko on March 12. Upon the request of the BLM field manager, the review period for the EA will go until April 5. Hopefully, the draft will be published for public comment by mid-April, or shortly thereafter. The public consultation should take about 30 days. The BLM can then elect to issue to NOP its Exploration Permit which will let NOP start its drill programme.
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Gidji JV Exploration Update
Nevada Organic Phosphate Appoints Directors
Nevada Organic Phosphate Inc. (“NOP” or the “Company) (CSE: NOP), a BC based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce the appointment of Eric Szustak and Paul Pitman to the Board of Directors.
Paul Pitman, P.Geo
- Mr. Pitman is a field hardened veteran with extensive experience in all areas of geological exploration for a number of metals an materials. He has over 55 years’ experience as an exploration geologist. Since 1983 he acted as a geological consultant to over 70 clients; providing a full range of services (geological, corporate, and administrative); including being a former Director, Officer (VP or President) of several junior resource companies. Paul is semi-retired but directs his geological expertise as an advisor to several fertilizer companies.
Eric Szustak, CA
- Mr. Eric Szustak is a Chartered Public Accountant, CA with over 38 years of financial service, business development, marketing, accounting, and CFO experience. Mr. Szustak has worked at both small and large Accounting firms advising mid- sized Businesses. His background includes 14 years with three national brokerage firms Midland Walwyn, Merrill Lynch and BMO Nesbitt Burns in various positions, including private client wealth group, management & securities compliance.
- Mr. Szustak holds a B.A. Honors Chartered Accountant Studies and Economics from the University of Waterloo and received his Chartered Accountant designation in 1985. Mr. Szustak is the former President and now Chairman of Board of Quinsam Capital Corporation. Quinsam is a Public merchant bank based in Canada. The merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. His experience in the Public Markets includes being a Director of various Public Companies.
The Company also announces the resignation of Kristine Dorward as a director of the Company effective as of June 3. The Company wishes to thank Ms. Dorward for her devotion and service to the Company and wishes her well in her future endeavours.
The Company has also granted an aggregate of 700,000 stock options to its new directors, exercisable at $0.075 per share for a period of 5 years.
Nevada Organic Phosphate Inc.
NOP is a junior exploration company with an organic sedimentary raw rock phosphate bed, 8.25 kilometers long, in northeast Nevada. This is believed to be the only known 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.
For More Information
Robin Dow,
CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information (“FLSI”) within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company’s public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.Sourcent.
Nevada Organic Phosphate Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Nevada Organic Phosphate
Overview
The United Nations estimates that global food production needs to increase 70 percent by 2050 if we are to meet the growing demand. To boost crop yields, nutrient management practices and fertilizer technologies must be used since fertilizer products are responsible for more than 50 percent of crop yields.
Nevada Organic Phosphate (CSE:NOP) embodies its straightforward business strategy, “Blow it up. Dig it up. Grind it up. Bag it up. And Ship it out by rail.” The company uses a direct-ship, pit-run system that brings truly organic, direct-application phosphorus to market. The company intends to produce certified raw rock organic phosphate eligible for organic farming in the United States, specifically targeting industrial farms and the US$59.28 billion organic food market.The organic food market in the United States is growing because of factors such as increasing health awareness among consumers and increasing environmental concerns due to the heavy use of pesticides, chemical fertilizers, and other chemicals in conventional farming. As a reagent, raw rock organic phosphate from Murdock Mountain is perfectly suited to regenerate soil to serve the fast-growing organic food market.
The company’s Murdock Mountain Phosphate Project is located in Nevada, now covering more than 7,800 acres, which consist of an initial 1,813 acres and an additional 6,011 acres of potential phosphate resource. The property is a nearly flat lying sedimentary rock phosphate exploration target. The initial 1,813-acre application target is believed to host a potential 10 to 46 million tonnes ranging in grade from 3 to 15 percent phosphorus pentoxide (P2O5) based on an average thickness of 3.5 meters and a specific gravity of 2.6. These ranges are based on previous estimates,and have not been verified by NOP according to current 43-101 standards of disclosure.
Based on this geological model and historic ranges, the additional 6,011 acres from a recently accepted permit application, potentially add as much as 218 million tonnes of P2O5 to the Murdock property.Raw phosphate ore suitable for direct application is exceedingly rare, with only 5 percent of the world’s phosphate ore having the necessary purity. The majority of raw phosphate must be processed to remove impurities that harm plant growth, such as uranium, thorium, cadmium and heavy metals. The phosphate from Murdock Mountain can be directly applied to crops without any processing due to the uncommon type of occurrence hosted by clean oolitic limestones.
An experienced management team leads the company towards producing its unique product. CEO and director Robin Dow has over 35 years of experience financing public resources companies and has raised over $150 million. Additional directors and consultants bring varied backgrounds to the project that builds confidence in the company.
Company Highlights
- Nevada Organic Phosphate has a unique asset containing raw rock phosphate suitable for direct application, raw rock P205 dust in organic farming.
- Once in production, the company will produce the only large-scale, certified organic phosphate in the United States.
- Raw organic phosphate from Murdock Mountain is perfectly suited to serve the fast-growing US$59.28 billion organic food market.
- The company’s project, Murdock Mountain, will produce phosphate that does not require costly processing before it is usable.
Key Project
Murdock Mountain Phosphate Project
The company’s phosphate project is located in Nevada, a politically safe and mining-friendly jurisdiction. Nevada Organic Phosphate is working with the United States Bureau of Land Management to complete an exploration permit to move toward production.Project Highlights:
- Encouraging Historical Data: The project has a historical non-43-101-compliant resource estimate of 8.7 to 18.4 million tonnes at 15 percent phosphate from 1984. The company is currently working to confirm and potentially extend the known deposit.
- An Organic Source of Raw Phosphate: Most of the world’s phosphate is a soluble chemical that must be regularly applied. The ore at Murdock Mountain is organic and non-soluble, allowing it to regenerate the soil for up to a decade.
- Suitable for Direct Application: Nevada Organic Phosphate’s end product is suitable for direct application in organic farming, an attribute less than 5 percent of the world’s phosphate ore possesses. Most phosphate ore must be processed to remove impurities that would otherwise harm plants. Murdock’s product has no harmful contaminants such as uranium and heavy metals
- New Applications for Phosphate Prospecting Permits: Three new permit applications for an additional 6,011 acres of potential phosphate resource have been added to the company’s existing application covering 1,813 acres. This expansion potentially adds as much as 218 million tonnes of P2O5 to the Murdock property.
Management Team
Robin Dow - CEO and Director
Robin Dow has 35 years of financing public resource companies, raising over $150 million since 1998. CEO NOP, Dabros Mining Corp, and Ore Chimney Gold. NOP is Dow’s 20th company since 1988.
Paul W. Pitman - Director
Paul Pitman is a field-hardened veteran with extensive experience in all areas of geological exploration for several metals and materials. He has over 55 years of experience as an exploration geologist. Since 1983 he acted as a geological consultant to over 70 clients; providing a full range of services (geological, corporate, and administrative); including being a former director, and officer (VP or president) of several junior resource companies. Pitman is semi-retired but directs his geological expertise as an advisor to several fertilizer companies.
Garry K. Smith - Director
Garry Smith has provided exploration management and services to mining companies for over 30 years and has served as president, vice-president of exploration, director, and consultant to numerous boards. Notable milestones were participating in the discovery of the Hemlo world-class gold mine, and co-founding the second junior to list on the TSE. Smith is a registered Professional Geoscientist of Ontario (PGO) and provides qualified person consulting on project acquisition, 43-101 technical reporting, resource estimation, general exploration contracting and reporting, computer-based 3D geological modelling and data compilation, and metal ion soil geochemistry.
Eric Szustak - Director
Eric Szustak is a chartered public accountant with more than 38 years of financial service, business development, marketing, accounting, and CFO experience. Szustak has worked at both small and large accounting firms advising mid-sized businesses. His background includes 14 years with three national brokerage firms Midland Walwyn, Merrill Lynch and BMO Nesbitt Burns in various positions, including private client wealth group, management and securities compliance. Szustak holds a BA Honors chartered accountant studies and economics from the University of Waterloo and received his chartered accountant designation in 1985. Szustak is the former president and now chairman of the board of Quinsam Capital Corporation. Quinsam is a public merchant bank based in Canada. The merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. His experience in the public markets includes being a director of various public companies.
Keith Li - Chief Financial Officer
Keith Li is an experienced chartered professional accountant (CPA, CA) with over 15 years of corporate accounting, finance and financial reporting experience. He specializes in providing management advisory services, accounting and regulatory compliance services to both public and private companies in several industries including junior mining, cannabis, health and wellness, and merchant banking. Li began his career in the public accounting sector as an auditor and has also held a senior-level position at Sears Canada and multiple reporting issuers. He also holds a Bachelor of Commerce from McGill University.
Marco Montecinos - Project Manager Murdock Mountain
Marco Montecinos has over 38 years of experience in mineral exploration and business development projects in the Americas and possesses considerable expertise and knowledge of the phosphate rich bed where NOP is engaged. He is president of Tigren, a Nevada-based exploration services company that has provided technical services to the mining industry for 28 years.
Nevada Organic Phosphate Provides Corporate Update and Announces Financing
Robin Dow, CEO, states: "NOP, and its predecessors, have had the Murdock Mountain property since 2011. It is now wonderful to see that NOP could be drilling by the end of May. This is what the Exploration Team dreams of…finally!"
The Company also announces it intends to complete a non-brokered private placement (the "Offering") of up to 3,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $150,000 to fund the public comment and BLM / Westland ancillary costs till the exploration permit is released.
Each Unit will consist of one common share in capital of the corporation (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 per Common Share for a period of 60 months from the date of issuance.
The securities offered pursuant to the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. The Company may pay finder's fees on a portion of the gross proceeds of the Offering. The Offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange ("CSE").
The net proceeds of the Offering will be used for advancement of the Company's Murdock Property and for general working capital.
NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202072
News Provided by Newsfile via QuoteMedia
Nevada Organic Phosphate Announces Consulting Agreements
Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration for organic sedimentary raw rock phosphate in Nevada, is pleased to announce it has entered into a consultant agreement (the "Consulting Agreement") with an independent consultant Integrity Media Inc. (the "Consultant") with respect to the Consultant agreeing to serve as the Company's Manager of Government Relations for a term of (1) one-year, led by its president, Kurt Divich. In consideration for the appointment and services over the term of the Consulting Agreement, the Company has agreed issue 800,000 common shares (each, a "Share") to the Consultant at a deemed price of $0.05 per Share.
The Company also announces it has entered into a consultant agreement (the "Agreement") with an independent consultant (the "Independent Consultant") pursuant to which the Independent Consultant has agreed to provide the Company general corporate development and business marketing services for a (3) three-month term. As consideration for services over the term of the Agreement the Company has agreed issue 260,000 common shares (each, a "Share") to the Independent Consultant at a deemed price of $0.05 per Share.
Accordingly, all the Shares are to be issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106 - Prospectus Exemptions and are subject to a hold period of four months and one day.
NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. Forward- looking statements in this press release include, but are not limited to, statements regarding the proposed Offering and the anticipated use of proceeds of the Offering. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197696
News Provided by Newsfile via QuoteMedia
Nevada Organic Phosphate Announces Stock Option Grant
Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company"), a B.C. based company engaged in the exploration for organic sedimentary raw rock phosphate in Nevada, is pleased to announce it has approved the issuance of 2,000,000 stock options to certain officers, directors, and consultants of the Company for the purchase of up to 2,000,000 common shares in the capital of the Company pursuant to the Company's Stock Option Plan. Each option vested immediately and is exercisable for a period of five (5) years at an exercise price of $0.075 per share.
NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed Offering and the anticipated use of proceeds of the Offering. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194814
News Provided by Newsfile via QuoteMedia
Nevada Organic Phosphate Adds Significantly to Murdock Property Size
Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration for organic sedimentary raw rock phosphate in Nevada, is pleased to announce that, the United States Department of the Interior, Bureau of Land Management (BLM), has accepted 3 new Applications for Phosphate Prospecting Permits filed by Nevada Phosphate Exploration, NV Inc., a wholly owned subsidiary of NOP.
These 3 new applications add an additional 6,011 acres of potential phosphate resource to NOP's existing application covering 1,813 acres.
The Murdock Property is a nearly flat lying sedimentary rock phosphate exploration target. The initial 1,813 acre Application target is believed to host a potential 10 to 46 million tonnes ranging in grade from 3-15% P2O5 based on an average thickness of 3.5 metres and a specific gravity of 2.6. These ranges are based on previous workers and researchers estimates, and have not been verified by NOP according to current 43-101 standards of disclosure.
Based on this geological model and historic ranges, the 3 additional applications, totaling 6,011 acres, add up to an additional 218 million tonnes of P2O5 exploration potential to the Murdock Property.
The reader is cautioned that the potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The Murdock Property Applications are subject to on-going environmental impact assessments (EIAs) conducted by the BLM, and potential mitigation strategies, guided by the National Environmental Policy Act (NEPA).
The technical information in this news release has been reviewed and approved by Garry K Smith, P.Geo., a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed Offering and the anticipated use of proceeds of the Offering. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193164
News Provided by Newsfile via QuoteMedia
Nevada Organic Phosphate Increases Offering and Closes Final Tranche for Aggregate Gross Proceeds of $277,500
Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce that, further to its news releases dated October 17, 2023, and December 6, 2023, it has closed the second and final tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $172,500 (the "Second Tranche") through the issuance of 3,450,000 units of the Company (each, a "Unit") at a price of $0.05 per Unit. Together with proceeds from the first tranche of the private placement, the Company raised an aggregate of $277,500 and issued an aggregate of 5,550,000 Units.
Each Unit consists of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional Share (each, a "Warrant Share") at a price of $0.10 per Warrant Share for a period of sixty months following the date of issuance.
The aggregate proceeds of the private placement are anticipated to be used for advancement of the Company's Murdock Property and for general working capital.
Fees of $1,500 were paid and 30,000 finder's units were issued (the "Finder's Units") to certain finders in connection with the Second Tranche. Together with the first tranche of the private placement, the Company paid aggregate finder's fees of $10,000 and issued 200,000 Finder's Units. Each Finder's Unit consists of one Share and one finder's Share purchase warrant (each, a "Finder's Warrant"), with each Finder's Warrant entitling the holder thereof to purchase one additional Share (each, a "Finder's Warrant Share") at a price of $0.10 per Finder's Warrant Share for a period of sixty months following the date of issuance.
All securities issued in connection with the Second Tranche are subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities. The Offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange ("CSE").
None of the securities sold in connection with the First Tranche have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
NOP is a a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying bed of known phosphate mineralization 6.6 km long in NE Nevada. The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the anticipated use of proceeds of the offering. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/192983
News Provided by Newsfile via QuoteMedia
Nutrien Announces Release Dates for First Quarter 2024 Results and Conference Call
Nutrien Ltd. (TSX and NYSE: NTR) announced today plans to release first quarter 2024 results on Wednesday, May 8, 2024, after market close. Nutrien will host a conference call the following day, Thursday, May 9, 2024 at 10:00 a.m. EDT to discuss and answer investor questions on first quarter results and the outlook.
Investors can access the call by dialing 1-646-307-1865 or 1-800-717-1738. A webcast of the call can be accessed by visiting Nutrien's website at www.nutrien.com/investors/events .
A recording will be available after the completion of the call by dialing 1-888-660-6264 and inputting the conference identification number 44874#. The recording will be available through July 8, 2024.
About Nutrien
Nutrien is a leading provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our integrated business and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240410534006/en/
FOR FURTHER INFORMATION:
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Media Relations
Megan Fielding
Vice President, Brand & Culture Communications
(403) 797-3015
Contact us at: www.nutrien.com
News Provided by Business Wire via QuoteMedia
How to Invest in Phosphate (Updated 2024)
Discovering ways to invest in phosphate begins with understanding its primary uses.
Notably, about 90 percent of phosphate is consumed by the agriculture sector. Because of its essential properties, and since there is no known substitute for it, phosphate can be found in fertilizer products all over the world as a way to aid plant growth. It is also used as a supplement in animal feed, as a food preservative and for several other chemical purposes.
As the world's population grows and demand for food increases, the need for phosphate fertilizer is only expected to increase. For that reason, some believe phosphate investing is compelling. Read on for a brief overview of the phosphate market, including supply and demand dynamics and investing options.
What factors impact phosphate supply and demand?
The US Geological Survey's latest report on the phosphate industry shows that global phosphate rock production came in at 220 million metric tons (MT) in 2023, down slightly from 228 million MT in 2022.
China was the top phosphate rock producer last year by a long shot, putting out 90 million MT. Morocco is in second place with production of 35 million MT; the country also holds about 68 percent of global phosphate reserves. Third in line for production is the US, which produced 20 million MT of phosphate rock in 2023 from mines operating in the states of Florida, North Carolina, Idaho and Utah.
Phosphate is also produced in many other countries around the world, including Jordan, Russia, Saudi Arabia, Egypt, Vietnam, Peru, Tunisia, Brazil and Israel.
In terms of demand, the need for phosphate has been slowly increasing over the last few years. As mentioned, the world's growing population and the widening need for crop nutrients should keep demand growing steadily well into the future as well.
According to Future Market Insights, the global phosphate market is projected to expand at a CAGR of 2.4 percent between 2023 and 2033 to reach a value of US$21.4 billion by 2033. Demand for nutrient-rich food and specialty phosphates is driving this growth.
"Phosphates are essential components of fertilizers and soil amendments used to replenish phosphorous levels in the soil," the report states. "The increasing adoption of modern farming techniques and the focus on sustainable agriculture are further driving the demand for phosphates."
The International Fertilizer Association estimates that 85 percent of the world’s soils are deficient in nitrogen, while 73 percent are deficient in phosphorus (phosphates) and 55 percent are deficient in potassium (potash).
It's clear that the phosphate industry will need to look into additional mine expansion and exploration opportunities to meet the growing demand and future growth that is forecast for the sector.
How to start investing in phosphate?
With the future of phosphate looking bright, some investors are wondering how to get into the space. There are certainly ways to do so, although phosphate investing is a little trickier than investing in more mainstream commodities like gold and silver.
One way investors can invest in phosphate is by buying shares of an exchange-traded fund that has exposure to phosphate. The VanEck Agribusiness ETF (ARCA:MOO) is one example. However, most market participants choose to invest directly in phosphate-focused companies. Here are three of the largest producers:
For more information on phosphate and potash companies that have been working to advance their projects, including smaller firms with development-stage projects, check out Phosphate Stocks to Watch, ASX Agriculture Stocks: 5 Biggest Companies and 5 TSX and TSXV Potash Companies.
This is an updated version of an article originally published by the Investing News Network in 2013.
Don't forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Nutrien to Host Investor Day on June 12
Nutrien Ltd. (TSX and NYSE: NTR) announced today it is hosting an Investor Day in New York on June 12, 2024, at 10:00 a.m. ET.
Nutrien's Executive Leadership team will provide an update on the company's outlook, strategic plans and capital allocation priorities.
In-person attendance is reserved for institutional shareholders and sell-side analysts. The meeting will be webcast and a replay made available following the event. Registration is available on Nutrien's website at nutrien.com/events .
About Nutrien
Nutrien is a leading provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our integrated business and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240322743361/en/
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Media Relations
Megan Fielding
Vice President, Brand & Culture Communications
(403) 797-3015
Contact us at: www.nutrien.com
News Provided by Business Wire via QuoteMedia
Nutrien Releases 2023 Global Sustainability Report
Nutrien Ltd. (TSX and NYSE: NTR) released its Global Sustainability Report today, detailing Nutrien's performance and progress on its sustainability initiatives for the year ending 2023.
"Nutrien has a critical role to play in helping provide the food, fuel and fiber the world needs. In 2023, we continued to build strategic partnerships to help amplify our impact while refining our sustainability strategy to align with core business objectives that support both the environment and our people, customers, supply chain partners, communities and shareholders," said Tim Faveri, Vice President, Sustainability and Stakeholder Relations.
Key highlights from the Global Sustainability Report include:
- Measured, documented and calculated sustainable outcomes on approximately two million sustainably engaged acres in North America, South America and Australia.
- Completed our GHG Phase I abatement program which included a number of N 2 O abatement projects, energy and emission efficiency upgrades, and tied in our second ammonia plant at our Redwater site to the Alberta Carbon Trunk Line to allow additional CO 2 to be permanently sequestered.
- Developed our first validated pathway and verified GHG outcomes for grain crops in Canada, and verified GHG offsets and insets in the US, based on grower data.
- Co-launched with Canadian business leaders the Canadian Alliance for Net Zero Agrifood (CANZA) with industry-leading peers, which aims to foster collaboration and innovation to reduce emissions in the agri-food value chain.
- Achieved 32 percent spend with local direct Indigenous economic impact in Nutrien's Potash operating segment, reflecting over $300 million of contract opportunities that support direct positive impact with Indigenous communities and Peoples.
- Achieved our best record for Total Recordable Injury Frequency ("TRIF") and maintained our best record for Lost Time Injury Frequency ("LTIF") since Nutrien formed in 2018.
As the world's largest provider of crop inputs and services, Nutrien is positioned to drive long-term value creation through the integration of sustainability initiatives, from fertilizer production to grower practices in the field. Through innovation and collaboration, we strive to improve our sustainability performance within our operations and provide sustainable agricultural solutions to support growers who are feeding a growing population.
To view Nutrien's Global Sustainability Report, please click here .
Forward Looking Statements
Certain statements and other information included in this news release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Such statements include, but are not limited to: Nutrien's sustainability (including climate) plans, strategies and initiatives (including targets, goals and commitments), and its expectations regarding the achievement thereof; and our expectations for CANZA.
Forward looking statements in this news release are based on certain key expectations and assumptions made by Nutrien, many of which are outside of our control including, but not limited to, that future business, regulatory and industry conditions and global economic conditions will be within the parameters expected by us. Although Nutrien believes that the expectations and assumptions on which such forward looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Nutrien can give no assurance that they will prove to be correct. Forward looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this news release including, not limited to: that future business, regulatory and industry conditions will be within the parameters expected by us, including with respect to prices, expenses, margins, demand, supply, and production mix; Nutrien's ability to develop and/or access technology; development and growth of end market demand for sustainable products and solutions; our expectations for partnerships and actions of third-parties; development and execution of our sustainability strategies and initiatives; government regulation, incentives, and initiatives; regulatory approvals; performance of third parties; and other unforeseen difficulties and risks.
For additional information on the assumptions made, and the risks and uncertainties that could cause actual results to differ from the anticipated results, refer to the Global Sustainability Report, Feeding the Future Plan, as well as the 2023 Annual Report dated February 22, 2024 and the Annual Information Form dated February 22, 2024 for the year ended December 31, 2023, filed under Nutrien's profile on SEDAR at www.sedarplus.ca and with the Securities and Exchange Commission in the US at www.sec.gov .
The forward-looking statements in this news release are made as of the date hereof and Nutrien disclaims any intention or obligation to update or revise any forward-looking statements in this news release, except as may be required under applicable Canadian securities legislation or applicable US federal securities laws.
About Nutrien
Nutrien is a leading provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our integrated business and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240306562032/en/
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Media Relations
Megan Fielding
Vice President, Brand & Culture Communications
(403) 797-3015
Contact us at: www.nutrien.com
News Provided by Business Wire via QuoteMedia
Nutrien Files 2023 Annual Disclosures
Nutrien Ltd. (TSX and NYSE: NTR) announced today that its 2023 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, as well as its Annual Information Form are available on the EDGAR section of the US Securities and Exchange Commission's website at www.sec.gov and the Canadian Securities Administrators' website at www.sedarplus.ca .
The 2023 Annual Report can be reviewed and downloaded from the Investor Relations section of Nutrien's website at https://www.nutrien.com/investors/financial-reporting .
About Nutrien
Nutrien is a leading provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our integrated business and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240229821678/en/
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Investors@nutrien.com
Media Relations
Megan Fielding
Vice President, Brand & Culture Communications
(403) 797-3015
Contact us at: www.nutrien.com
News Provided by Business Wire via QuoteMedia
Cibus and Loveland Products Collaborate to Develop and Sell Rice Traits in the US
- Loveland Products has also agreed to collaborate with Cibus for future product development with its Dyna-Gro rice program
Cibus, Inc. (Nasdaq: CBUS) a leading agricultural technology company that develops and licenses Non-GMO plant traits to seed companies, today announced that it has entered into a US Development Agreement with Loveland Products Inc., a subsidiary of Nutrien Ltd. (TSX and NYSE: NTR). Cibus has agreed to collaborate with Loveland Products to provide traits into Loveland's elite rice seed genetics.
Under the terms of the agreement Loveland and Cibus will work toward commercializing herbicide tolerance in rice with a focus on the southern US market, where demand for novel approaches in weed control is most prevalent.
"Loveland Products is constantly striving to bring innovative solutions to the marketplace across the agricultural industry," says Rob Dunlop, Vice President of North America seed at Nutrien. "We are excited to collaborate with Cibus to help address some of the most pressing weed management challenges of US rice growers."
"We are thrilled to work with the Loveland Products and Dyna-Gro teams to deliver new herbicide management options to rice growers," stated Norm Sissons, Senior Vice President Commercial at Cibus. "Importantly, our recent results using our Trait Machine TM to add traits like herbicide tolerance in rice show we can provide collaborators with new traits in their elite genetics on an accelerated timescale."
About the Cibus RTDS ®-based High Throughput Breeding System
A key element of Cibus' technology breakthrough is its High Throughput Breeding Process (referred to as the Trait Machine™ system). The Trait Machine process is a crop specific application of Cibus' patented Rapid Trait Development System ™ ( RTDS ® ). The proprietary technologies in RTDS integrate crop specific cell biology platforms with a series of gene editing technologies to enable a system of end-to-end crop specific precision breeding. It is the core technology platform for Cibus' Trait Machine: the first standardized end-to-end semi-automated crop specific gene editing system that directly edits a seed company's elite germplasm. Each Trait Machine process requires a crop specific cell biology platform that enables Cibus to edit a single cell from a customers' elite germplasm and grow that edited cell into a plant with the Cibus edits. Cibus has Trait Machine platforms developed for canola and rice and has already begun transferring their elite germplasm with Cibus edits back to customers.
The traits from Cibus' RTDS -based High Throughput Breeding System are indistinguishable from traits developed using conventional breeding or from nature. RTDS does not integrate any foreign DNA or transgenes. Under the European Commission current proposals, it is expected that products from Cibus' RTDS gene editing platform such as its pod shatter reduction trait and Sclerotinia resistance traits for Canola and Winter Oilseed Rape would be considered ‘Conventional-like'.
Cibus believes that RTDS and the Trait Machine process represent the technological breakthrough in plant breeding that is the ultimate promise of plant gene editing: High Throughput Gene Editing Systems operating as an extension of seed company breeding programs.
About Cibus
Cibus is a leader in Gene Edited Productivity traits that address critical productivity and sustainability challenges for farmers such as diseases and pests which the United Nations estimates cost the global economy approximately $300 billion annually. Cibus is not a seed company. It is a technology company that uses gene editing to develop and license traits to seed companies in exchange for royalties on seed sales. Cibus' focus is productivity traits for the major global crops such as canola, rice, soybean, and wheat. Cibus is a technology leader in high throughput gene editing technology that enables Cibus to develop and commercialize plant traits at a fraction of the time and cost of conventional breeding. Cibus has developed a pipeline of five productivity traits including important traits for pod shatter reduction, Sclerotinia resistance and weed management. Its initial traits for pod shatter reduction and weed management are developed in collaborations with leading seed companies. Its other pipeline traits including Sclerotinia resistance are in advanced greenhouse and field trial stages.
About Nutrien
Nutrien is a leading provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our integrated business and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable securities laws, including The Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact included herein, including statements regarding Cibus' operational and financial performance, Cibus' strategy, future operations, prospects and plans, including the anticipated regulatory environment are forward-looking statements. Forward-looking statements may be identified by words such as "anticipate," "believe," "intend," "expect," "plan," "scheduled," "could," "would" and "will," or the negative of these and similar expressions.
These forward-looking statements are based on the current expectations and assumptions of Cibus' management about future events, which are based on currently available information. These forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to predict and beyond the control of Cibus. Cibus' actual results, level of activity, performance, or achievements could be materially different than those expressed, implied, or anticipated by forward-looking statements due to a variety of factors, including, but not limited to: changes in expected or existing competition; challenges to Cibus' intellectual property protection and unexpected costs associated with defending intellectual property rights; increased or unanticipated time and resources required for Cibus' platform or trait product development efforts; Cibus' reliance on third parties in connection with its development activities; challenges associated with Cibus' ability to effectively license its productivity traits and sustainable ingredient products; the risk that farmers do not recognize the value in germplasm containing Cibus' traits or that farmers and processors fail to work effectively with crops containing Cibus' traits; challenges that arise in respect of Cibus' production of high-quality plants and seeds cost effectively on a large scale; Cibus' need for additional funding to finance its activities and challenges in obtaining additional capital on acceptable terms, or at all; Cibus' dependence on distributions from Cibus Global, LLC to pay taxes and cover its corporate and overhead expenses; regulatory developments that disfavor or impose significant burdens on gene-editing processes or products; Cibus' ability to achieve commercial success; commodity prices and other market risks facing the agricultural sector; technological developments that could render Cibus' technologies obsolete; changes in macroeconomic and market conditions, including inflation, supply chain constraints, and rising interest rates; dislocations in the capital markets and challenges in accessing liquidity and the impact of such liquidity challenges on Cibus' ability to execute on its business plan; the Company's assessment of the period of time through which its financial resources will be adequate to support operations; and other important factors discussed in "Risk Factors of Cibus, Inc." filed as Exhibit 99.3 with Cibus' Current Report on Form 8-K, which was filed with the Securities and Exchange Commission (the "SEC") on June 1, 2023, as updated by the supplemental risk factors included in the Company's Current Reports on Form 8-K filed on October 18, 2023 and December 12, 2023, each as may be updated by any additional "Risk Factors" identified in Cibus' subsequent reports on Forms 10-Q and 8-K filed with the SEC. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Cibus' assessment of the period of time through which its financial resources will be adequate to support its operations is a forward-looking statement and involves such risks and uncertainties. Accordingly, the Company could use its available capital resources sooner than it currently expects.
In addition, the forward-looking statements included in this press release represent Cibus' views as of the date hereof. Cibus specifically disclaims any obligation to update such forward-looking statements in the future, except as required under applicable law. These forward-looking statements should not be relied upon as representing Cibus' views as of any date subsequent to the date hereof.
CIBUS CONTACTS:
Investor Relations
Karen Troeber
ktroeber@cibus.com
858-450-2636
Jeff Sonnek – ICR
jeff.sonnek@icrinc.com
Media Relations
Colin Sanford
colin@bioscribe.com
203-918-4347
NUTRIEN CONTACT:
Media Relations
Megan Fielding
megan.fielding@nutrien.com
403-225-7759
News Provided by GlobeNewswire via QuoteMedia
Latest News
Nevada Organic Phosphate Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.