Nevada Organic Phosphate Announces Compensation Share Issuance

Rhea-AI Summary

Nevada Organic Phosphate (OTCQB: NOPFF) announced issuance of 353,035 compensation common shares at a deemed price of $0.14 per share to settle fees and consulting consideration. Fees of $7,435 relate to equity research services and 300,000 shares were agreed for a marketing/branding consultant.

Shares issued under NI 45-106 Section 2.24 carry a four-month-and-one-day hold period. Transactions dated February 1 and April 13, 2026.

Positive

• Preserves cash by issuing $7,435 in shares instead of cash payment
• Secures equity research coverage and sell-/buy-side introductions in the fertilizer sector

Negative

• Issuance of 353,035 shares causes immediate share count increase and potential dilution
• Compensation shares carry a 4-month-and-1-day hold period delaying secondary market liquidity

News Market Reaction – NOPFF

-1.43%

1 alert

-1.43% News Effect

On the day this news was published, NOPFF declined 1.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2026) - Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) ("NOP" or the "Company"), a B.C. based leader in organic sedimentary phosphate exploration, announces that on February 1, 2026, it entered into an agreement for services related to equity research on the Company in the form of research notes and introductions to sell-side and buy-side equity analysts in the fertilizer sector. In connection therewith the Company has incurred fees $7,435 which may be paid in common shares of the Company (each a "Share") upon mutual agreement. On April 13, 2026, the Company entered into a consulting agreement for services related to graphic design, branding, marketing materials, and website design. As partial consideration for services to be rendered over the term of the agreement and as an inducement to enter into the agreement, the Company has agreed to issue 300,000 common shares.

In connection with the two agreements the Company has agreed to issue an aggregate of 353,035 compensation Shares at a deemed price of $0.14 per Share. Accordingly, all the Shares will 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.

Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF)

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 or the East Coast.

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/292560

FAQ

What did Nevada Organic Phosphate (NOPFF) announce on April 14, 2026?

The company announced issuance of 353,035 compensation shares at a deemed price of $0.14 per share. According to the company, the shares settle $7,435 in fees and provide 300,000 shares as consultant consideration for marketing and design services.

How many compensation shares did NOPFF agree to issue and at what price?

NOPFF agreed to issue an aggregate of 353,035 shares at a deemed price of $0.14 per share. According to the company, that price applies to shares issued for equity research fees and consulting consideration dated February 1 and April 13, 2026.

Why is Nevada Organic Phosphate issuing shares instead of paying cash for services?

The company is using shares to conserve cash and to compensate service providers for research and marketing work. According to the company, $7,435 in fees may be settled in shares and 300,000 shares were agreed as partial consultant consideration.

What are the resale restrictions on the compensation shares issued by NOPFF?

The issued shares are subject to a statutory hold of four months and one day under National Instrument 45-106 Section 2.24. According to the company, this hold period restricts resale by recipients until it expires.

How could the April 2026 compensation share issuance affect NOPFF shareholders?

Shareholders face modest dilution from the 353,035 new shares and a temporary increase in float. According to the company, the issuance settles fees and consultant consideration, preserving cash but increasing outstanding share count until the hold period expires.