Nevada Organic Phosphate Announces Consulting Agreements
Rhea-AI Summary
Nevada Organic Phosphate (OTCQB: NOPFF; CSE: NOP) announced consultant agreements effective March 1, 2026 to support development of its Murdock Property and media relations. The company will issue an aggregate 1,000,000 common shares at a deemed price of $0.125 per share as partial consideration.
One consultant engagement runs ten months with a US$5,000 monthly fee; a one-year media agreement with Integrity Media Inc. includes 500,000 shares. All issued shares use a prospectus exemption and carry a four-month plus one-day hold period.
Positive
- Issued 1,000,000 shares at $0.125 per share as consultant consideration
- Consulting term for Murdock Property set at 10 months with defined monthly cash fee
- Media relations engagement with Integrity Media for one year led by named president
Negative
- Share issuance increases outstanding shares and may dilute existing shareholders
- Ongoing US$5,000 monthly consulting cash expense for 10 months
News Market Reaction – NOPFF
On the day this news was published, NOPFF declined 8.18%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - 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 "Agreement") with an independent consultant (the "Consultant") and a related statement of work (the "Statement of Work") dated as of March 1, 2026, pursuant to which the Consultant together with a second independent consultant (the "Independent Consultant") has agreed to provide the Company services related to the development of the Company's Murdock Property in Nevada, and the Company's dealings with local governing bodies, for a (10) month term effective as of March 1, 2026. 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 500,000 common shares (each a "Share") to each of the Consultant and Independent Consultant for an aggregate of 1,000,000 Shares, at a deemed price of
The Company also announces that it has entered into a second consultant agreement (the "Consulting Agreement") with Integrity Media Inc. ("IMI") with respect to IMI agreeing to serve as the Company's Manager of Media Relations for a term of (1) one-year, led by its president, Kurt Divich. 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 500,000 Shares to IMI, at a deemed price of
All Shares issued in connection with the Agreement and Consultant Agreement 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 from the date of issue.
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.
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/285585
FAQ
What consultant agreements did Nevada Organic Phosphate (NOPFF) announce on February 27, 2026?
How many shares will Nevada Organic Phosphate (NOPFF) issue to consultants and at what price?
What cash fees did Nevada Organic Phosphate (NOPFF) agree to pay under the consulting arrangements?
Are the shares issued by Nevada Organic Phosphate (NOPFF) restricted after issuance?
Who will lead Integrity Media's media relations role for Nevada Organic Phosphate (NOPFF)?
