Canadian Phosphate provided an update on their Diamond Mountain Phosphate Project in their quarterly report published this month. The Diamond Mountain acquisition was final on July 31st and is located adjacent to Simplot’s Vernal Phosphate Mine within Uintah County. Canadian Phosphate made the purchase from Revival Gold Inc. and Utah Mineral Resources LLC. The report states that in the year’s fourth quarter, Canadian Phosphate will continue recovering and validating historical data at Diamond Mountain, update the geological model and advance permitting for verification and step-out drilling. The report further explains that in 2027 they will perform product suitability testing. Leadership has stated that the Diamond Mountain project strengthens their platform to supply domestic fertiliser and LFP battery markets across North America.
Photo from Canadian Phosphate September 2026 Quarterly Activities Report