Amid a global fertilizer shortage, investors interested in sustainability and agriculture should look into Nevada Organic Phosphate Inc.'s(NOP:CSE; NOPFF:OTCQB) latest news release.
Key Takeaways
- Nevada Organic Phosphate released assay results from drill hole MM26-9 at its Murdock Mountain property in Elko County, Nevada.
- The hole returned 4.50 meters grading 10.73%P2O5 (phosphorus pentoxide) in the Upper Phosphate Zone, plus 1.00 meter at 8.18% P2O5 in the Lower Zone.
- MM26-9 sits near last fall's MM25-6, which returned stronger grades of 11.89% and 17.47% P2O5.
Nevada Organic Phosphate Hits 10.73% P2O5 at Murdock Mountain
On July 15, 2026, Nevada Organic Phosphate announced an update from its exploration program at its wholly owned Murdock Mountain property in Elko County, Nevada. Latest assay results from hole MM26-9 showed that the Upper Phosphate Zone was intersected with a weighted average of 10.73% P2O5 over an apparent thickness of 4.50 meters (14.76 feet). The core angles recorded were 80-90 degrees, meaning that the true thickness is 4.48 meters (14.70 feet).
CEO of Nevada Organic Phosphate, Robin Down, said in the release: "MM26-9 provides another solid intersection and continues to support the continuity we're working to confirm across the broader target area. With MM26-10 testing a 1.5-kilometer strike extension, we're excited to advance this program and add the information needed to support our upcoming decisions."
In a follow-up, Garry Smith of senior management, said: "MM26-9 intersected a strong 42.15 meters of Meade Peak, including a consistent and well-developed interval of the Upper Phosphate Zone. This reinforces the continuity we are working to define across the trend. In that context, we view the poor result from MM26-8 as a local, small-scale anomaly. Each hole adds valuable information, and the overall dataset continues to support our technical understanding of the target horizon."
Nevada Organic Phosphate is a Canadian junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometers long, in northeast Nevada.
Phosphate Fertilizer Market Projected to Hit US$127 Billion by 2034
Organic phosphates are common ingredients in pesticides and fertilizers, as well as finding uses in pharmaceuticals and as flame retardants in some industrial applications. Phosphate is a chemical required for proper plant growth and is a critical component for creating phosphorus-rich soil nutrients, growing global food demand, and fertilizer tech advancements aimed at improving crop yields.
In 2025, the global phosphatic fertilizers market was valued at US$62.64 billion, according to a May 25, 2026, article by Fortune Business Insights. The article went on to say that the market is projected to grow to US$127.01 billion by 2034. In the US alone, the market is expected to hit US$8.47 billion by 2032. According to Fortune, "North America led the phosphatic fertilizers market with a 12.11% share in 2025 and continues to see growth due to advanced fertilizer technologies and rising crop nutrient needs."
The U.S.A. contains the largest agriculture sector in the world in terms of size, according to a May 14, 2026, report by Strategy & Stats Insider. The article said, "The use of phosphate-based fertilizers by the farmers is mainly on corn, soybean, and wheat crops, which are some of the crops that require high amounts of phosphate in the world."
Climate change is creating conditions that require more efficient phosphate fertilizer use. According to S&S Insider, "Drought conditions, changing rainfall patterns, and more frequent extreme weather events are making precision nutrient management more important. Farmers who apply the right amount of phosphate at the right time and place get better returns and also protect water quality by reducing runoff." A March 30, 2026, article by The Guardian claimed, "The fertilizer shortage is putting the livelihood of farmers in developing countries — already troubled by rising temperatures and erratic weather systems — further at risk, and could lead to people everywhere paying more for food."
Bob Savic of GIS Reports Online wrote on June 5, 2026, that: "Fertilizer markets, which depend heavily on ammonia, urea, and natural gas from the Gulf, are facing major long-term risks due to disruptions in the Strait of Hormuz. The blockades caused prices to soar by 30-40% in March, while nitrogen costs have doubled compared with 2024 levels. As of May 2026, prices remain elevated, with the global fertilizer index projected to rise over 30% for the year amid persistent supply risks and rerouting challenges."
Couloir Capital Rates Nevada Organic Phosphate a "Buy" at CA$0.64
A May 21, 2026, research report by Tim Wright for Couloir Capital rated NOP as a "Buy", with a fair value price of CA$0.64. Wright noted a "positive outlook" due to an experienced management team and the structural advantage of low-impurity rock at Murdock Mountain.
Regarding resource potential, Wright wrote: "The exploration target mineral inventory (ETMI) over the 3,166.3 ha (hectare) project area is estimated at 200-220 million tons grading 3-15% P2O5. Initial drill results have returned grades exceeding 10% P2O5 and exhibit favorable chemistry."
MM26-10 Drilling Nearly Complete
According to the company's website, "A NI-43-101 Resource Estimate may be generated by the company sometime by early to mid-2026. If all goes well, a sizeable resource estimate could provide the company with the impetus to draw up resource extraction plans and issue a Preliminary Economic Assessment (PEA) soon thereafter."
The press release stated that drilling at hole MM26-10 is almost completed at the Pad 12 site, 1.5 kilometers along strike to the south-west from MM26-9 in an area that's been previously untested.
Ownership & Share Information1
Nevada Organic Phosphate Inc. has a market cap of US$15.29 million, with 178.92 million shares outstanding. The company's 52-week range is US$0.03-US$1.00. Management & Insiders own 6.05% of shares, while the remaining 93.95% of shares are held by Retail.
Streetwise Ownership Overview*
Nevada Organic Phosphate Inc. (NOP:CSE;NOPFF:OTCQB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 05/09/23 | SEM:CSE | 1 | NOP:CSE | 1 |
Frequently Asked Questions
Q: What is causing the global fertilizer shortage?
A: The global fertilizer shortage has been driven by supply chain disruptions, geopolitical conflicts, rising energy costs, and restrictions on exports from major producing regions. These factors have increased fertilizer prices and highlighted the importance of developing new domestic phosphate supplies.
This has much broader search appeal than some of the purely mining-focused questions and ties directly into the article's news angle.
Q: What is phosphorus pentoxide (P₂O₅)?
A: Phosphorus pentoxide (P₂O₅) is the standard way phosphate grades are reported in the mining industry. It measures the concentration of phosphate in a rock sample, with higher P₂O₅ percentages generally indicating higher-quality phosphate that can be used to produce fertilizers and other industrial products.
Q: What is phosphate used for?
A: Phosphate is an essential ingredient in fertilizers because it provides phosphorus, a nutrient that plants need to grow healthy roots, flowers, and crops. It is also used in animal feed, food production, industrial chemicals, and some pharmaceutical products.
Q: What is a phosphate deposit?
A: A phosphate deposit is a naturally occurring concentration of phosphate-rich rock that can be mined and processed into fertilizer or other phosphate products. Large phosphate deposits are considered strategically important because they help support global food production.
Q: What is a Mineral Resource Estimate (NI 43-101)?
A: A Mineral Resource Estimate (MRE) prepared under Canada's NI 43-101 standards is a scientific estimate of the size and grade of a mineral deposit based on drilling and geological data. It provides investors with an independent assessment of a project's potential but does not guarantee that the deposit can be mined economically.
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Important Disclosures:
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
