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) operates at the forefront of mineral exploration and critical materials innovation, focusing on Nevada's Carlin Gold-Vanadium Project and advanced metallurgical processes. This page serves as the definitive source for official corporate announcements, project developments, and strategic initiatives.
Investors and industry observers will find timely updates on exploration results from key assets like the Dobbin and Crescent Valley gold properties, alongside progress reports on patented vanadium extraction technologies. The curated news collection includes earnings disclosures, federal grant applications, and operational milestones related to battery-critical mineral processing.
Regular updates cover three core areas: resource exploration (geophysical surveys, drilling campaigns), technological advancements (metallurgical patents, processing innovations), and strategic partnerships (government funding initiatives, battery materials development). Each news item is vetted for relevance to long-term value creation in the critical minerals sector.
Bookmark this page for structured access to PHNMF's evolving story - from Nevada field operations to laboratory breakthroughs - all presented with the clarity required for informed investment analysis. Check back regularly for authoritative updates directly impacting the company's position in the energy metals market.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has released historic drill results from its recently optioned King Solomon Gold Project in central Nevada. The project, located 120 km southwest of Eureka, NV, covers a regional-scale Carlin-type gold system. Highlights include:
- 11 historic drill holes within a 425m by 250m area
- Shallow, consistent gold intercepts
- 9 of 11 holes have intercepts starting less than 46m from surface
- 9 of 11 holes ended in mineralization, indicating open opportunity at depth
Dave Mathewson, Company Director and Geological Advisor, believes there is excellent potential for significant Carlin-type gold deposits at King Solomon. The company has initiated permitting steps for drilling.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has reported significant gold results from its Dobbin Gold Project in Nevada. The company identified a 900-meter long by 220-meter wide gold anomaly in soil samples, with values ranging from >0.1 g/t Au up to 2.73 g/t Au. This linear anomaly reflects a northeast-trending structure cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.
The anomaly is open-ended, prompting additional soil sampling to test up to a 1.7 kilometer potential strike length. Multiple areas of black jasperoid were noted during the sampling. Dave Mathewson, Director and Geological Advisor, described the anomaly as a 'mine deposit-scale anomaly' and a 'significant discovery indication event'. The geochemical levels of gold and associated pathfinder elements suggest the presence of a significant Carlin-style gold deposit.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) has announced a partnership with MarketSmart Communications Inc. for investor relations services. The initial agreement is for six months, with Phenom paying $7,500 per month plus taxes. MarketSmart and partner Chad Levesque will each receive 100,000 stock options at $0.45 per share, vesting over 12 months.
In project news, Phenom has completed an IP/Resistivity survey at its Crescent Valley Gold Project, with data processing underway to focus drill targeting. Mapping and sampling continue at the Dobbin Gold Project, with results expected mid-August. For the King Solomon Gold Project, data consolidation and 3D modeling of previous drilling are in progress to plan future field activities and drilling stages.
Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) announced significant progress on various projects and corporate activities. The company has engaged Zonge International Geophysical Services for a geophysical survey at the Crescent Valley Gold Project, expected to complete in under three weeks.
At the Dobbin Gold Project, ongoing geological mapping and soil sampling have identified two significant anomalies. The King Solomon Gold Project is in the data consolidation phase, with field activities and drilling next steps being planned.
Phenom holds a 5% equity in MK Plus, a Japanese solid-state vanadium battery group, and discussions for funding their first battery plant are underway. The company is also pursuing new funding opportunities through the Department of Environment's Office of Clean Energy Demonstrations.
Additionally, Phenom received refunds on reclamation bonds for successful reclamation at the AVP, Section 22, and Smoke projects.
Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) announced an option agreement to acquire 26 additional claims for the King Solomon Gold Project in Nevada. This expansion increases the project area by 210 hectares, making the total 1,651 hectares. The King Solomon project, located 32 km south of Phenom's Dobbin Gold Project, is believed to host a Carlin-type gold system. Drilling has confirmed mineralization, with surface samples reaching up to 8.4 g/t Au. The option agreement entails payments totaling US$105,000 over four years, with a 3% net smelter return royalty. Phenom can purchase up to a 2% NSR for US$3.0 million.
Phenom Resources Corp. has entered into an option agreement to acquire up to a 100% interest in the King Solomon Gold Project in central Nevada. The project comprises 178 claims over approximately 1,140 hectares and is near Phenom's Dobbin Gold Project. Historically, the area shows promise for Carlin-type gold deposits. The option agreement includes a four-year period with payments totaling $150,000 and 75,000 shares issued. The vendor retains a 3% net smelter return royalty, with Phenom having the option to buy up to 2% of this for $3 million. The agreement is subject to TSX Venture Exchange approval.
Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) announced the filing of a US patent for a new process to extract vanadium and nickel from petroleum coke fly ash. This is Phenom's third patent, underscoring their technological advancements in metallurgical processes. The company aims to leverage these innovations for new business opportunities.
Phenom Resources Corp. reports the expiration of 6,977,325 warrants at $0.55 from a private placement in May 2021. The Company is awaiting feedback from the Department of Energy on two grant applications for its Carlin Vanadium Project, seeking funding totaling $303 million. Additionally, Phenom is actively exploring potential gold acquisitions in Nevada to enhance its gold portfolio.
