en.Wedoany.com Reported - Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) is advancing exploration at its wholly-owned Murdock Mountain property, with recent drilling providing new data on this phosphate horizon located in Nevada. The property sits in a region known for favorable mining conditions.
Global agricultural demand for phosphate continues to expand, as phosphate is an essential nutrient supporting plant root development and overall crop health. Farmers rely on phosphate products to maintain soil fertility for major crops such as corn, soybeans, and wheat. As a large agricultural economy, the United States maintains steady demand for reliable domestic phosphate sources. Market data released in 2026 shows the global phosphate fertilizer industry reached $62.64 billion in 2025 and is projected to reach $127.01 billion by 2034. In North America, the same industry held a 12.11% share in 2025. Climate variability adds importance to efficient phosphate use, with changing rainfall patterns and more frequent extreme weather making precise nutrient timing and placement more valuable for farmers. Meanwhile, global events have highlighted vulnerabilities in fertilizer logistics, increasing interest in North American deposits.
Nevada Organic Phosphate controls a continuous 6.6-kilometer organic sedimentary phosphate horizon. The material is near-surface in a region with established infrastructure and a history of resource development. Early drilling results show grades exceeding 10% P2O5. The exploration target mineral inventory for the entire 3,166.3-hectare project area is estimated at 200 to 220 million tons, with grades ranging from 3% to 15% P2O5.
Preliminary observations from drill hole MM26-8 at the Murdock Mountain property reveal approximately 15.3 meters of the Meade Peak Member, containing phosphatic siltstone and phosphorite layers. The hole reached a depth of 128 meters and is located approximately 100 meters upslope north of earlier holes completed in the fall 2025 program. The target interval, called the Upper Phosphatic Zone, ranges from 3.4 to 7.6 meters thick within the Meade Peak Member. Laboratory assay results will be reported upon receipt.
Couloir Capital issued a "Buy" rating for Nevada Organic Phosphate in a May 2026 research report, with a fair value estimate of C$0.64 per share. The analyst cited an experienced management team and the low-impurity nature of the Murdock Mountain material as positive factors.
According to the company website, if drilling results continue to support the target range, a NI 43-101 compliant resource estimate could be prepared in early to mid-2026. If that estimate proves substantial, the company may then proceed with a Preliminary Economic Assessment (PEA).
Based on 178,920,000 shares outstanding, Nevada Organic Phosphate has a market capitalization of $26.33 million. The 52-week trading range is $0.03 to $1.00. Institutional investors hold 0.22% of shares, management and insiders control 5.49%, and the remaining 94.29% is held by retail shareholders.
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