Similar Bill Moving Through U.S. Senate
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 report that phosphate has been added the Canadian Critical Minerals list, expanding the total to thirty-four materials deemed 'essential' for Canada's economic future.
The list was released June 10, 2024 from the office of Energy and Natural Resources Minister Jonathan Wilkinson.
"While our phosphate operations are entirely based in Nevada, we are most pleased to see phosphate recognized in our home country of Canada," stated Nevada Organic Phosphate CEO, Robin Dow. "The classification showcases just how critical phosphate is to so many agricultural applications and affirms our belief that our efforts in Nevada come at at time when the need for phosphate of the highest order is near."
"Inclusion in this highly limited list is congruent with our belief in both phosphate's necessity and a bright future for the commodity," adds Dow.
According to "Mining Weekly" in their reporting following the announcement, "With its addition, Canada joins two of its provinces, Quebec and Ontario, as well as the European Union in recognising the significance of phosphate and adding it to their respective lists."
Similarly, the United States Senate introduced a bi-partisan bill March 19, 2024 that would add key fertilizers phosphate and potash to the list of critical minerals by the US Department of Interior.
"We are hopeful that this important bill will pass," added Dow. "It's an important designation and we believe, an absolute catalyst for phosphate operators and the phosphate market. Both of these governmental initiatives certainly shine a bright spotlight on the value of phosphate."
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 bi-partisan bill. 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/213280
News Provided by Newsfile via QuoteMedia
Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.75 per share. The dividend is payable Sept. 12, 2024, to shareholders of record on Aug. 15, 2024. The ex-dividend date will be Aug. 15, 2024 .
Microsoft (Nasdaq "MSFT" @Microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
View original content to download multimedia: https://www.prnewswire.com/news-releases/microsoft-announces-quarterly-dividend-302171319.html
SOURCE Microsoft Corp.
News Provided by PR Newswire via QuoteMedia
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, wishes to provide an update to its previously announced non-brokered private placement. Further to the Company's news release dated May 18, 2024 and due to high investor interest, the Company is increasing its target for its current private placement from $150,000 to $500,000 (the "Offering"). The Company now intends to issue an aggregate of 10,000,000 units (each a "Unit") at a price of $0.05 per Unit, with each Unit consisting of one common share of the Company (each a "Share") and one common share purchase warrant exercisable at a price of $0.10 per Share for a period of five years from the date of closing.
The Company expects to close the Offering on the day that NOP receives confirmation from the Bureau of Land Management ("BLM") that the NOP Environmental Assessment Reports ("EA's") have been posted on the BLM website for public comment for a period of 30 days. Upon completion of the review period, the BLM may then issue to NOP a "Prospecting Permit" which shall allow the Company to commence it's drill programme.
The Company's capitalization structure is still tight as detailed in the below capitalization table on a fully diluted basis.
| Total issued and outstanding common shares | 47,907,705 | ||
| Total options outstanding | 4,325,000 | ||
| Total warrants outstanding | 11,002,465 | ||
| Total issued and outstanding - Fully Diluted | 63,235,170 |
NOP also announces that it has been informed by the BLM that some internal processes and guidance pertaining to the Environmental Assessments at the Company's Murdock Property, have recently changed and now require additional internal reviews for BLM media releases. It is now estimated that an additional 2-4 weeks of internal BLM reviews will be required before the public disclosure of the Company's EA and the public comment period will begin.
NOP CEO Robin Dow comments: "The Company has been working very diligently for the past two years to obtain our exploration license. We are now in the final stages of obtaining our approvals. In the meantime, our geological team is working on preparing our exploration plan and are contacting drilling companies as part of our tendering process. We wish to thank all of our shareholders for their continued support of our optimistic path forward."
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 Offering, the BLM and the anticipated timing of approvals and or closing. 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/212631
News Provided by Newsfile via QuoteMedia
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 release dated March 18, 2024, it has closed the first tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $164,000 (the "First Tranche") through the issuance of 3,280,000 units of the Company (each, a "Unit") at a price of $0.05 per Unit.
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 First Tranche are anticipated to be used for advancement of the Company's Murdock Property and for general working capital. No finder's fees were paid in connection with the closing of the First Tranche.
All securities issued in connection with the First 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 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/211804
News Provided by Newsfile via QuoteMedia
