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Silver Eagle Mines Inc. ( (TSE:NOP) ) has provided an update.
Nevada Organic Phosphate Inc. has successfully closed the first tranche of its non-brokered private placement, raising $1,302,000 through the issuance of 26,040,000 units. The funds are earmarked for a phase one drill program at the Murdock Property, set to commence in early October. This development is poised to enhance the company’s exploration capabilities 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 specializing in organic sedimentary phosphate exploration. It operates a significant phosphate bed in northeast Nevada, believed to be the only large-scale project of its kind in North America, strategically located near major transportation routes.
Average Trading Volume: 187,627
Technical Sentiment Signal: Buy
Current Market Cap: C$5.63M
For an in-depth examination of NOP stock, go to TipRanks’ Overview page.