Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - 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 that, NOP's wholly owned subsidiary Nevagro, has been informed by the Bureau of Land Management (BLM) that they are authorizing the Murdock Mountain Phosphate Exploration Project.
"It is my decision to authorize the Murdock Mountain Phosphate Exploration Project, as described in the Proposed Action of the Environmental Assessment (EA) (DOI-BLM-NV-E030-2024-0010-EA). The EA analyzed the Proposed Action and found no significant impacts; a Finding of No Significant Impact (FONSI) has been issued; therefore, preparation of an Environmental Impact Statement (EIS) is not required. This decision approves the Exploration Plan portion of the Prospecting Permit Application submitted to the BLM on March 12, 2012. The Prospecting Permit will be issued separately," signed by the BLM Deputy State Director - Energy and Minerals Nevada State Office.
"Our Team is very excited by this latest decision to approve the Exploration Plan portion of the Prospecting Permit Application. The next step in the process will be a request from the BLM to submit a Reclamation Bond. In accordance with US Federal Regulation 43 CFR § 3504.50, a Reclamation Bond will be required once the official decision is made to approve the Prospecting Permit Application," stated Robin Dow, Chief Executive Officer, Nevada Organic Phosphate.
Nevada Organic Phosphate Inc.
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 anticipated Prospecting Permit and the anticipated timing of its approval. 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.
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SOURCE: Nevada Organic Phosphate Inc.
