Nevada Organic Phosphate Inc. (CSE: NOP) announced on November 10, 2026, that its board of directors has decided not to proceed with a previously proposed share consolidation, originally announced just one day earlier on November 9, 2026. As a result, the special meeting of shareholders scheduled for December 30, 2026, to consider the consolidation has been cancelled. The board cited shareholder and stakeholder feedback as the primary driver, with the company redirecting focus toward its ongoing drilling program at the Murdock Mountain property in Nevada.

Key Points

  • Nevada Organic Phosphate Inc. (CSE: NOP, OTCQB: NOPFF, FSE: ZV8)
  • The board cancelled a proposed 1-for-3 share consolidation and the related December 30, 2026, special shareholder meeting
  • 180,049,541 common shares remain outstanding; no change to existing options or warrants
  • Investors may be watching for assay results from ALS expected over the coming weeks from Murdock Mountain drilling

Board Reverses 1-for-3 Consolidation Decision After Shareholder Pushback

The proposed consolidation would have combined every three pre-consolidation common shares into one post-consolidation common share. The board's decision to cancel came just one day after the original announcement, following feedback from shareholders and other stakeholders. No special meeting will now be held on December 30, 2026. The release states that any future consolidation would require fresh approval from both the board of directors and shareholders, though the board has not ruled out revisiting the matter at a later date.

No Action Required as NOP Shares Continue Trading Unconsolidated

Shareholders are not required to take any action following the cancellation. NOP's common shares will continue to trade on the Canadian Securities Exchange under the symbol "NOP" on an unconsolidated basis. The company's 180,049,541 issued and outstanding common shares remain unchanged, and all outstanding options and warrants will continue under their existing terms. The immediate share price impact was not clear from available public information.

Murdock Mountain Drilling Program Takes Priority for NOP Resources

The board concluded that the company's time and resources are best directed toward the active drilling program at the Murdock Mountain property in northeast Nevada. CEO Robin Dow stated that the company values shareholder feedback and that the board has decided to focus on advancing the drilling program. Dow added that assay results from ALS are expected to arrive over the next few weeks, with the company indicating it looks forward to sharing results as work progresses. No specific assay figures or timelines were confirmed in the announcement.