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 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.
Phenom Resources (OTCQX: PHNMF) provided an update on its drilling activities at the Crescent Valley Gold Project in Nevada. The first hole of a planned three-hole program was terminated at 830 ft due to difficult ground conditions and did not yield significant gold mineralization.
The company plans to resume drilling by the end of August, focusing on two key opportunities: low sulfidation bonanza-vein-type gold and an Iron oxide copper gold (IOCG) prospect with rare earth metals. The property features a 5-6-kilometer-long quartz vein system with veins up to 30 meters thick, and an IOCG setting with extensive magnetite veining and rare earth elements, including valuable components used in EV magnets and electronics.
Phenom Resources (OTCQX: PHNMF) has reported its first gold assays from chip sampling of mineralized bedrock at the Dobbin Gold Project. The sampling was conducted across a +2.1 km long and 200m wide gold soil anomaly. The company hand-dug seven shallow trenches, with results available from three trenches showing consistent gold mineralization characteristic of a Carlin gold system.
Key findings include gold values averaging 0.545 g/t Au across 16 metres in one trench, high-grade samples of 10.35 g/t Au and 2.11 g/t Au over consecutive 2-metre intervals in another trench, and consistent values averaging 0.274 g/t Au across 24 metres in the third trench. The soil cover was found to be very thin, typically only 0.5-0.75 metres thick, and the trenches are well distributed along a 550-metre length of the gold soil anomaly.