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Canadian Phosphate Secures Strategic US Phosphate Asset with Diamond Mountain Acquisition

8:16am on Friday 31st of July, 2026 AEST Mining
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Canadian Phosphate Secures Strategic US Phosphate Asset with Diamond Mountain Acquisition

8:16am on Friday 31st of July, 2026 AEST
Key Points
  • Acquisition of 100% interest in Diamond Mountain Project, Utah
  • Foreign NI 43-101 estimate of 49.9 Mt phosphate at 19.67% P2O5
  • Exploration and validation planned for 2026–2027 to support JORC conversion
  • Initial payment of US$250,000 cash plus 6 million CP8 shares completed
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