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Silver Eagle Mines Inc. ( (TSE:NOP) ) has provided an announcement.
Nevada Organic Phosphate Inc. has increased its non-brokered private placement to $1.75 million due to high investor interest. The funds will be used for a phase one drill program at the Murdock Property and general working capital, with the drilling expected to commence in early October. This move underscores the company’s strategic efforts to advance its exploration activities and strengthen its market position in the organic phosphate industry.
More about Silver Eagle Mines Inc.
Nevada Organic Phosphate Inc. is a junior exploration company focused on organic sedimentary phosphate exploration. It operates a significant phosphate bed in northeast Nevada, which is considered the only large-scale project of its kind in North America, strategically located near major transportation routes.
Average Trading Volume: 150,346
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.58M
Find detailed analytics on NOP stock on TipRanks’ Stock Analysis page.