Phenom Resources Corp Stock Price, News & Analysis

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has strengthened its geological team by engaging two senior Carlin-type gold specialists for its Dobbin and King Solomon Gold Projects in Nevada. The company has recruited Brion Theriault, a Certified Professional Geologist with over 30 years of experience, who previously worked with Newmont and AngloGold in major Carlin-type gold districts. Additionally, Dr. Mike Ressel, a field-oriented geologist with approximately 30 years of experience, joins the team bringing expertise from companies like Newmont and Kinross. Both specialists were handpicked by Dave Mathewson for their extensive experience in identifying and developing Carlin-type deposits.

Phenom Resources reports significant historical high-grade antimony and silver mining findings at its King Solomon Gold Project. Historic grab samples revealed impressive concentrations of up to 38.86% antimony and 55.16 oz/t silver from one vein, while a 4ft wide shear zone showed 1.3% antimony and 2.8 oz/t silver.

The project features two notable veins: a north vein averaging 0.45m wide, traced for 230m, and a southern vein 79m south of it, traced for 75m. Historical production estimates from the Nevada Bureau of Mines indicate between 100-1,000 tonnes of antimony output.

This antimony discovery gains strategic importance as the US government prioritizes critical metals. While Phenom maintains its primary focus on gold exploration, the presence of antimony, a common pathfinder element in Carlin gold systems, may expedite project permitting with regulators.

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has announced important developments following President Trump's Executive Order on American Mineral Production. Within 30 days of the order, the first wave of 10 mining and exploration projects have been designated as transparency projects on the Federal Permitting Dashboard.

According to the April 18, 2025 White House announcement, this initiative will make environmental review and authorization schedules publicly available. The dashboard's transparency is designed to benefit all stakeholders, from project sponsors to community members, providing real-time updates on project status and ensuring greater accountability in the review process.

The administration emphasizes that this is just the initial phase, with more projects expected to be added in the coming weeks. The initiative aims to streamline domestic mineral production, create jobs, boost prosperity, and reduce dependence on foreign nations. Notably, exploration projects under Forest Service jurisdiction are included in this first wave.

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has announced details regarding President Trump's recent Executive Order aimed at boosting domestic mineral production in the United States. The order, signed in March 2025, acknowledges America's former status as the world's largest mineral producer and addresses concerns about federal regulations hampering the sector.

The Executive Order establishes 10 to 30-day coordinated action plans involving multiple federal departments, including Defense, Interior, Agriculture, and Energy, to expedite mineral projects to production. The initiative specifically targets projects with existing operational plans or permit applications.

For Phenom, a key aspect is the order's focus on gathering industry feedback regarding regulatory bottlenecks and strategies to accelerate domestic mineral production. The company plans to actively participate in this consultation process, which could potentially accelerate drilling operations at its Dobbin and King Solomon gold projects.

Phenom Resources Corp. (PHNMF) has announced significant extensions to its Dobbin Gold System, now reaching over 2.1 kilometers in length and 200 meters in width. Recent soil sampling and geological mapping have confirmed characteristics typical of a Carlin-type gold deposit.

The system features four sizeable arsenic-zinc zones, with robust gold values persisting for 1.3km along the trend. The anomaly is located within altered Roberts Mountains Formation, a known host for many Carlin-type deposits in Nevada. Decalcified and silicified float samples have yielded gold assays up to 1.29 g/t Au.

The gold zone appears to be controlled by high-angle northeast-southwest trending structures, with subparallel-oriented argillized intrusive dyke swarms present. The company is currently permitting a comprehensive trenching and drilling campaign to explore the anomalous zone.

Phenom Resources (TSXV: PHNM) has announced significant progress in developing a high-grade vanadium-nickel processing project. The company has filed three US patent applications for vanadium processing technologies, with a focus on extracting vanadium and nickel from petroleum coke fly ash material.

Through collaboration with SGS Canada, over 25 innovative metallurgical tests have been completed, resulting in two preliminary recovery flowsheets achieving >90% recovery of both vanadium and nickel. The company is in discussions with a multinational Fortune 100 conglomerate for long-term feed material supply, and with two large strategic firms for potential partnerships or off-take agreements.

The project aims to establish a processing plant that would contribute to the US EV and large capacity battery markets, with potential support from Department of Energy grants and US tax credits through the Inflation Reduction Law.

Phenom Resources Corp (TSXV: PHNM) (OTCQX: PHNMF) has announced its Annual General Meeting scheduled for December 12, 2024, at 10:30 a.m. in Vancouver. The meeting agenda includes receiving audited financial statements, electing four directors, re-appointing auditors, and considering the Omnibus Equity Incentive Plan.

Due to a postal strike, the company is utilizing exemptions under Coordinated Blanket Order 51-931 for proxy-related materials distribution. All meeting materials are available electronically on the company's website and SEDAR+. Shareholders can vote via proxy form, with a submission deadline of December 10, 2024, at 10:30 a.m. Pacific Time.

Phenom Resources has provided an update on the Dobbin gold soil anomaly in Nevada. The company has identified a 600-metre long by 200-metre wide trend of significant veining and jasperoid alteration, interpreted as a faulted off south-western extension of the gold anomaly. Initial soil results show positive findings in gold and pathfinder elements. The company has dispatched crews to expand the soil grid to cover a 550-metre by 200-metre gap. The gold soil anomaly currently extends at least 1.3 kilometres, with potential for further extension. The anomalous zone is believed to be controlled by northeast-trending structures cutting through Roberts Mountains Formation carbonates, a key host for Carlin-type gold deposits in Nevada.

MK Plus, a Japanese battery company, has secured US$50 million in funding to build their first pilot plant in Japan for vanadium solid-state batteries. Phenom Resources Corp. (TSXV: PHNM) owns a 5% equity stake in MK Plus. According to MK Plus's presentation, their battery technology offers significant advantages over vanadium redox flow batteries (VRFB), including 100 times faster charging speeds, using one-tenth of vanadium, +100,000 deep cycle life without fire risk, and performance stability at temperatures between 100°C and -40°C.