Welcome to our dedicated page for Phenom Resources news (Ticker: PHNMF), a resource for investors and traders seeking the latest updates and insights on Phenom Resources stock.
Phenom Resources Corp (PHNMF) generates frequent news as it advances gold, vanadium and critical metals projects in Nevada. Company releases highlight exploration progress at its Carlin Gold‑Vanadium Project in Elko County, as well as work on Carlin‑type gold targets and bonanza‑type high‑grade vein systems at the King Solomon, Dobbin and Crescent Valley properties.
News coverage often focuses on drilling and sampling results. At Crescent Valley, Phenom reports reverse circulation drilling, surface chip sampling and geophysical surveys targeting both a large quartz vein system and an Iron Oxide Copper Gold (IOCG) breccia body with elevated rare earth and critical metals. Updates describe discoveries of elevated rubidium, hafnium, scandium, neodymium and other rare earth elements, along with interpretations of chargeability and magnetic anomalies.
At the Dobbin Gold Project, news releases discuss mapping, soil geochemistry, hand‑dug trenching and bedrock chip sampling within a +2.1 kilometre long gold soil anomaly, including anomalous and locally high‑grade gold values characteristic of a Carlin gold system. Additional updates cover work at King Solomon, where historic soil sampling has outlined a large gold and arsenic plume.
Investors following PHNMF news can also read about corporate and financing developments, such as non‑brokered private placements to fund exploration programs, progress on a High‑Grade Vanadium‑Nickel Processing Project, and the company’s 5% equity interest in MK Plus, a Japanese solid state vanadium battery group. Together, these news items provide ongoing insight into how Phenom is exploring for gold and advancing vanadium and critical metals initiatives within the basic materials sector.
Phenom (OTCQX:PHNMF) updated shareholders on MK Plus' move toward commercialization of vanadium solid-state batteries. MK Plus reportedly secured a Swedish manufacturing plant, passed earlier international certification, operated a pilot facility, and received a 2.5 GWh order from Burgenland plus EU backing.
Phenom holds a 5% equity interest in MK Plus. MK Plus claims rapid charging, large cost and cooling savings, full recyclability and extended cycle life; initial deliveries this summer are positioned to trigger larger orders.
Phenom Resources (OTCQX: PHNMF) signed a drill contract with Energold for the Dobbin project as Forest Service drill permitting advances and is expected to be granted imminently. The contract allows up to 14 core holes at 1,200 ft each (maximum 16,800 ft / 5,120 m), plus 12 mechanical trenches totaling 5,470 ft / 1,670 m.
Phenom reported a 2.1 km gold-in-soils anomaly at Dobbin with values from 0.1–2.73 g/t Au, and management says the target is a large Carlin-style system meriting maiden drilling.
Phenom Resources (OTCQX: PHNMF) has resumed drilling at the Crescent Valley Gold Project, Nevada, following fall 2025 results and favorable winter conditions. The program includes three additional RC holes with 100m step-outs and one 100m step-out to test an IOCG rare earth and critical metals target.
Hole CVN26-05 was completed to 506 m with a large quartz-flooded zone from 275–411 m; all samples have been sent for assays. Further assay details and results will be released when available.
Phenom Resources (OTCQX: PHNMF) reports that drill hole CVN25-03 at the Crescent Valley project (Jan 22, 2026) further validates a Bonanza-type low sulphidation epithermal gold target. Over half of CVN25-03 reported elevated gold values, quartz flooding/veining expanded from ~100 ft to >560 ft, and boiling indicators (adularia, alunite) were observed beginning at ~700 ft. The hole was drilled beneath historic RC holes and supports westward/deeper step-outs. The company also references a recent REE-critical metals discovery and property expansion on the same project.
Phenom Resources (OTCQX: PHNMF) submitted a grant application to the U.S. Department of Energy FECM under FOA-0003583 for R&D bench and pilot scale critical metals projects.
The company requested US$19.8 million in total project funding, with DOE asked to fund 80%, structured as a 48-month program in four sequential performance periods. The FOA has up to $275 million available across applicants and a tentative DOE award date of June 15, 2026. The submission targets validation of high-grade vanadium (>6%) and nickel (>1.4%) feedstock. Company gold exploration remains the primary focus and Dobbin drill permitting is advancing.
Phenom Resources (OTCQX: PHNMF) announced discovery of a near-surface Rare Earth Elements (REE) and Critical Metals deposit at Crescent Valley, Nevada, characterized as an IOCG-style magnetite-tourmaline-pyrrhotite-pyrite breccia. Drill holes CVN24-02 and CVN25-04 plus a 75m surface chip returned elevated Rubidium, Hafnium, Scandium and Neodymium over a ~100m by 150m area.
The company estimates a target footprint on geophysics of roughly 600m wide x 200m thick x 1,000m long, says the body is open to the north, has quadpped property size to 172 claims, and plans a fully financed Phase 2 ten-hole drill program starting before end of January 2026.
Phenom Resources (OTC:PHNMF) closed a fully subscribed non-brokered private placement on October 3, 2025, issuing 4,400,000 Units at $0.16 per Unit for gross proceeds of $704,000. Each Unit includes one common share and one transferable warrant exercisable for one share at $0.22 until October 3, 2029. Major subscribers include Robert Kopple (3,000,000 units) and largest shareholder Eric Muscinski (700,000 units). Proceeds will fund exploration work programs and general working capital. Securities are subject to a hold period expiring February 4, 2026. Offering is subject to final TSXV acceptance.
Phenom Resources (OTCQX: PHNMF) has resumed drilling operations at its Crescent Valley Gold Project in Nevada, located 22 km southwest of Carlin along the Carlin Gold Trend. The project presents two significant exploration opportunities: a low sulfidation bonanza-vein-type gold system and an Iron Oxide Copper Gold (IOCG) prospect with rare earth elements.
The project features a 5-6 kilometer-long quartz vein system with veins up to 30 meters thick. A 2023 IP survey identified conductivity anomalies suggesting structures and quartz veining at depth. The IOCG prospect revealed a 75m exposed breccia containing elevated levels of 15 rare earth elements, including valuable elements used in EV magnets and electronics.
Phenom Resources (OTCQX: PHNMF) reports on three relevant U.S. Department of Energy (DOE) grant opportunities totaling nearly $1 billion to advance critical minerals and materials supply chains. The opportunities align with Phenom's vanadium projects: High-grade Vanadium-Nickel Processing Project and Carlin Vanadium Project.
The three relevant funding areas include: Critical Minerals and Materials Accelerator ($50M), Mines & Metals Capacity Expansion ($250M) for byproduct mineral recovery, and Battery Materials Processing and Manufacturing ($500M) for expanding U.S. critical mineral processing and battery manufacturing. Phenom plans to submit applications once the DOE reveals timing.
Phenom Resources (OTCQX: PHNMF) has discovered a significant new oxidized and altered zone at its Dobbin Gold Project in Nevada. The newly identified zone spans 700 metres long and 300 metres wide, located 400 metres northwest of the main gold soil anomaly. The zone shows promising alteration and pathfinder geochemistry typical of Carlin-type gold systems.
Additionally, the company reported results from seven hand-dug trenches within the main gold soil anomaly, which extends over 2.1 kilometres. Notable intersections include 14.63 metres grading 0.36 g/t Au in trench DTR-04, including 3.66 metres at 0.928 g/t Au. Four grab samples east of trench DTR-01 returned values between 0.858 g/t Au and 2.65 g/t Au.