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Phenom Retains MarketSmart Communications

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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) ha annunciato una partnership con MarketSmart Communications Inc. per i servizi di relazioni con gli investitori. L'accordo iniziale è di sei mesi, con Phenom che pagherà 7.500 dollari al mese più tasse. MarketSmart e il partner Chad Levesque riceveranno ciascuno 100.000 opzioni azionarie a 0,45 dollari per azione, con un periodo di maturazione di 12 mesi.

Passando alle novità sui progetti, Phenom ha completato un'indagine IP/Resistività presso il suo Crescent Valley Gold Project, con il processo di elaborazione dei dati in corso per puntare i fori di perforazione. La mappatura e il campionamento continuano presso il Dobbin Gold Project, con risultati attesi per metà agosto. Per il King Solomon Gold Project, la consolidazione dei dati e la modellazione 3D delle perforazioni precedenti sono in corso per pianificare le future attività sul campo e le fasi di perforazione.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) ha anunciado una asociación con MarketSmart Communications Inc. para servicios de relaciones con inversores. El acuerdo inicial es por seis meses, con Phenom pagando 7,500 dólares al mes más impuestos. MarketSmart y el socio Chad Levesque recibirán cada uno 100,000 opciones de acciones a 0.45 dólares por acción, que se consolidarán durante 12 meses.

En noticias de proyectos, Phenom ha completado un estudio de IP/Resistividad en su Crescent Valley Gold Project, con el procesamiento de datos en curso para enfocar la perforación. La cartografía y el muestreo continúan en el Dobbin Gold Project, con resultados esperados a mediados de agosto. Para el King Solomon Gold Project, la consolidación de datos y la modelación 3D de perforaciones anteriores están en progreso para planificar las futuras actividades de campo y las etapas de perforación.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF)는 투자자 관계 서비스를 위해 MarketSmart Communications Inc.와 파트너십을 발표했습니다. 초기 계약은 6개월로, Phenom은 월 $7,500 및 세금을 지불합니다. MarketSmart와 파트너 Chad Levesque는 각각 100,000 주식 옵션을 주당 $0.45에 받으며, 12개월 동안 단계적으로 부여됩니다.

프로젝트 소식으로, Phenom은 Crescent Valley Gold Project에서 IP/저항 조사를 완료했으며, 데이터 처리가 진행 중입니다. Dobbin Gold Project에서는 매핑과 샘플링을 계속하고 있으며, 결과는 8월 중순에 발표될 예정입니다. King Solomon Gold Project의 경우, 이전 드릴링 데이터 통합 및 3D 모델링이 진행 중이며, 향후 현장 활동 및 드릴링 단계를 계획하고 있습니다.

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) a annoncé un partenariat avec MarketSmart Communications Inc. pour des services de relations investisseurs. L'accord initial est d'une durée de six mois, avec Phenom payant 7 500 $ par mois plus taxes. MarketSmart et le partenaire Chad Levesque recevront chacun 100 000 options d'achat d'actions à 0,45 $ par action, avec un délai de maturation de 12 mois.

Concernant les projets, Phenom a terminé une enquête IP/Résistivité pour son Crescent Valley Gold Project, avec le traitement des données en cours pour cibler les forages. La cartographie et l'échantillonnage se poursuivent au Dobbin Gold Project, avec des résultats attendus pour la mi-août. Pour le King Solomon Gold Project, la consolidation des données et la modélisation 3D des forages précédents sont en cours pour planifier les futures activités sur le terrain et les phases de forage.

Die Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) hat eine Partnerschaft mit MarketSmart Communications Inc. für Investor Relations-Dienstleistungen angekündigt. Der ursprüngliche Vertrag läuft über sechs Monate, wobei Phenom 7.500 $ pro Monat zuzüglich Steuern zahlt. MarketSmart und Partner Chad Levesque erhalten jeweils 100.000 Aktienoptionen zu einem Preis von 0,45 $ pro Aktie, mit einer Vesting-Periode von 12 Monaten.

In Bezug auf die Projekte hat Phenom eine IP/Resistivitätserhebung für das Crescent Valley Gold Project abgeschlossen, während die Datenverarbeitung zur genauen Bohrzielerfassung läuft. Die Kartierung und Probenahme am Dobbin Gold Project gehen weiter, Ergebnisse werden für Mitte August erwartet. Für das King Solomon Gold Project sind die Datenkonsolidierung und 3D-Modellierung früherer Bohrungen im Gange, um zukünftige Feldaktivitäten und Bohrphasen zu planen.

Positive
  • Partnership with MarketSmart Communications for investor relations services
  • Completed IP/Resistivity survey at Crescent Valley Gold Project
  • Ongoing mapping and sampling at Dobbin Gold Project
  • Data consolidation and 3D modeling in progress for King Solomon Gold Project
Negative
  • Additional monthly expense of $7,500 for investor relations services
  • Potential dilution from 200,000 new stock options granted

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2024) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce it has entered into an agreement with MarketSmart Communications Inc. ("MarketSmart") pursuant to which MarketSmart will provide investor relations ("IR") services to Phenom for an initial term of six months.

Paul Cowley, Phenom's President and Chief Executive Officer, commented: "We look forward to working with MarketSmart, a leading Canadian IR firm, to help accelerate awareness of Phenom's growth story."

Adrian Sydenham, President of MarketSmart, stated: "MarketSmart is thrilled to be working with Phenom at this stage of its development. Their gold portfolio and green energy vanadium assets are truly unique. Phenom is well-financed and has an experienced management team and a great share structure to achieve its corporate objectives and milestones. We look forward to working with the Phenom team and communicating with existing and potential new investors."

Phenom will pay MarketSmart a fee of $7,500, plus applicable taxes, per month and MarketSmart and Chad Levesque, a Marketsmart partner, will each be granted stock options to purchase 100,000 common shares of Phenom at a price of $0.45 per share for a term of 36 months. The options are in accordance with Phenom's omnibus equity incentive plan and will vest in stages over a period of 12 months such that 25% of the stock options will vest three months after today's date; 25% of the stock options will vest six months after today's date; 25% of the stock options will vest nine months after today's date; and the remaining 25% of the stock options will vest 12 months after today's date. The investor relations agreement and grant of stock options are subject to the approval of the TSX Venture Exchange.

Contact: MarketSmart Communications Telephone: 1- 877-261-4466 Email: info@marketsmart.ca.

Crescent Valley Gold Project News

The Company engaged Zonge International Geophysical Services to conduct an IP/Resistivity geophysical survey on the Company's Crescent Valley Gold Project. The field work has now been completed. Data will be processed and assessed in the coming two weeks to focus drill targeting on the vein-hosted mineralization in this bonanza-type low sulfidation epithermal setting. The Company has already secured a permit to drill targets at Crescent Valley.

Dobbin Gold Project

Mapping and sampling continue by an experienced Nevada-based geologist with extensive familiarity with Carlin-type deposits. The Company will provide a geological, geochemical and structural summary mid-August. Results of the progressive soil sampling campaigns to reproduce the gold anomaly previously identified in the 1980s by Newmont will also be provided at that time along with next steps.

King Solomon Gold Project

Data consolidation, compilation and 3D modelling of previous drilling is in progress so that Company geologists can design next steps which would include field activities and multi-stages of drilling so that permitting can be designed accordingly.

About Phenom Resources Corp.

Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, six miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately nine million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km).

The Company has options on three additional gold projects in Nevada: the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the CVN Property, a Bonanza high grade gold vein-type target.

ON BEHALF OF PHENOM RESOURCES CORP.

per: "Paul Cowley"
Chief Executive Officer and President
Telephone: 604-340-7711
Email: pcowley@phenomresources.com
www.phenomresources.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, director and Geological Consultant of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking information

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218582

FAQ

What investor relations firm has Phenom Resources (PHNMF) partnered with?

Phenom Resources (PHNMF) has partnered with MarketSmart Communications Inc. for investor relations services.

How much will Phenom Resources (PHNMF) pay for the new investor relations services?

Phenom Resources (PHNMF) will pay MarketSmart Communications $7,500 per month, plus applicable taxes, for investor relations services.

What stock options were granted by Phenom Resources (PHNMF) in relation to the new IR agreement?

Phenom Resources (PHNMF) granted 100,000 stock options each to MarketSmart Communications and Chad Levesque at $0.45 per share for a 36-month term, vesting over 12 months.

What recent progress has been made at Phenom Resources' (PHNMF) Crescent Valley Gold Project?

Phenom Resources (PHNMF) completed an IP/Resistivity geophysical survey at the Crescent Valley Gold Project, with data processing underway to focus drill targeting.

PHENOM RESOURCES CORP

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