Phenom Resources Corp. is pleased to announce that the Company has increased the size of the Dobbin Gold Property by over 60% with the staking of 19 new claims. The Dobbin gold property, optioned ten days ago by the Company, is a Carlin-type gold-deposit opportunity strategically located along the northwest trending Sulfur-Lovelock-Austin structural-mineral trend in central Nevada, approximately 80 kilometers southwest of [...]
Phenom Resources Corp. is pleased to share two grant funding opportunity announcements from the U.S. Department of Energy that appear relevant to the Company's vanadium resource in Nevada. The Company plans to submit applications to both this fall. Firstly, on August 31, 2023, the DOE announced a Notice of Intent to make available $3.5 billion in funding to bolster American battery manufacturing and strengthen domestic [...]
Phenom Resources Corp. is pleased to announce the further strengthening of its gold exploration portfolio in Nevada by signing an Option Agreement for a Carlin-type gold-deposit opportunity strategically located along the northwest trending Sulfur-Lovelock-Austin structural-mineral trend in central Nevada, approximately 80 kilometers southwest of Eureka, Nevada. Dave Mathewson, Geological Advisor to the Company states [...]
Phenom Resources Corp. is pleased to provide an update of the Company's field planning and preparation for the summer/fall exploration program in Nevada focused on gold efforts. Paul Cowley, President & CEO, states, "Last week an access road and drill pad were constructed on the Carlin Gold-Vanadium Project designed for hole RC23-17, a 2000+/- foot hole planned to test the gold system. The site is located where [...]
Phenom Resources Corp. is pleased to announce that it has signed a Definitive Offtake Agreement with the private Japanese battery company, MK Plus Co., Ltd. who is advancing its revolutionary fast charging low-cost vanadium solid-state battery business world-wide. Upon signing the agreement, Phenom now owns a 5% equity interest in MK Plus. Paul Cowley, President & CEO of Phenom states, "According to MK Plus records, their [...]
Phenom Resources Corp. is pleased to announce that 9,151,582 warrants priced at $0.26 with an expiration of July 9, 2023 were exercised, adding a total of $2,795,992 to the treasury over 3 years; an 85% exercise rate. In July 2023 alone, 4,756,009 of the warrants were exercised for proceeds of $1,236,586. The warrants were offered in connection with a $1,600,000 financing which closed on July 9, 2020. The Company now has [...]
Phenom Resources Corp. is pleased to provide a corporate update on many of its initiatives. MK Plus The Company announced May 31, 2023, that it had signed a Memorandum of Understanding with MK Plus to gain a 5% equity interest in this private Japanese solid state vanadium battery company. A draft Off-Take Agreement has been prepared and delivered to MK Plus and is currently under review by them. The Company will provide [...]
Phenom Resources Corp. is pleased to announce that it has signed a Memorandum of Understanding to gain a 5% equity interest in a private Japanese battery company, that is advancing its revolutionary fast charging low-cost vanadium solid-state battery business world-wide. The non-binding MOU describes the principles and proposed terms and conditions of an Off-Take Agreement between MK Plus Co., Ltd. and Phenom whereby [...]
Phenom Resources Corp. is pleased to announce the timely and selective adding to its gold exploration portfolio in Nevada by signing an Option Agreement for an epithermal gold property strategically located along the southwest fringe of the Carlin Gold Trend in Northern Nevada, approximately 15 kilometers west of the Company's flagship Carlin Gold-Vanadium Project. Dave Mathewson, Geological Advisor to the Company states [...]
Phenom Resources Corp. is pleased to share new relevant developments in the vanadium space. Just in the last week, four offshore vanadium redox flow battery manufacturers have indicated plans to build vanadium battery factories in the USA. A February 13, 2023 article by Energy Storage News reported that Sumitomo Electric from Japan, H2 Ltd. from South Korea and VFlowTech from Singapore will be building battery plants in [...]
Phenom Resources Corp. is pleased to share a link to the hearing held last week by the Senate Energy and Natural Resources Committee with the Department of Energy , examining DOE's grant implementation of the Infrastructure Investments and Job Act. Paul Cowley, Company President & CEO states, "There was a lot of talk on batteries and the nation's urgency to secure diverse battery supply chains in America during the 2-hour [...]
Phenom Resources Corp. wishes to announce that it is evaluating the merits of a potential transaction to transfer its gold assets into a new Canadian subsidiary that would then be spun out to the Phenom shareholders. The intent of the transaction is twofold: to return Phenom to being a dedicated vanadium investment vehicle; and to position SpinCo to operate as an independent company that would seek a separate public [...]
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