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. reports mineral exploration and project-development updates centered on Nevada precious-metals and critical-metals assets. The company’s recurring news includes drilling, mapping, permitting and technical work at the Crescent Valley, Dobbin and King Solomon projects, with emphasis on low-sulphidation epithermal gold targets, Carlin-type gold systems and mineralized trends near the Carlin Gold Trend and other prospective Nevada settings.
Company updates also cover Crescent Valley’s rare earth and critical metals discovery, the completion of Phenom’s 100% interest in that property subject to a net smelter return royalty, and vanadium-related initiatives. Phenom also reports on its 5% equity interest in MK Plus Co., Ltd., a private Japanese company developing vanadium solid-state battery technology under an off-take agreement.
Phenom Resources (OTCQX: PHNMF) has completed all remaining cash payments and work expenditures required to exercise its option to acquire a 100% interest in the Dobbin gold property in central Nevada. The project lies on the southern extension of the Independence-Eureka gold trend and is being diamond drilled as a Carlin-type gold target.
According to the company, the accelerated ownership was suggested by SSR Mining to facilitate the next step of a proposed US$4 million funding and joint venture, under which SSR has the right, at its discretion, to acquire a 15% interest in Dobbin within 10 business days of Phenom securing 100% ownership. Under the option agreement, Phenom reimbursed staking costs, paid the owner an aggregate US$150,000 in cash and incurred US$2,000,000 in exploration expenditures. In connection with the full exercise of the option, the owner received a 3% NSR royalty, with Phenom retaining the right to buy back a 1% NSR at any time for US$1,000,000.
Phenom Resources (OTCQX: PHNMF) reported further commercialization progress at MK Plus, the private Japanese company developing Vanadium Solid-State Battery (VSB) technology in which Phenom holds a 5% equity interest. MK Plus has secured a Swedish manufacturing plant, workforce, initial orders and now more than 10 additional interested customers across Europe and the Middle East.
MK Plus Sweden AB was awarded nearly SEK 120 million (US$12 million) by the Swedish Energy Agency to co-finance industrialization and scale-up of its VSB technologies, alongside collaborations with RISE and Swedish equipment suppliers. Additional financings support advanced retooling of the Swedish plant, targeting first battery deliveries this fall to customers including the Austrian state of Burgenland, Agelus/Aramco in Saudi Arabia and other European buyers. Operating under the Vanadis Energy brand, MK Plus is building an international manufacturing and commercialization platform for stationary energy storage. Phenom also highlighted its vanadium and gold projects in Nevada, including 100% ownership of the Carlin Gold-Vanadium Project.
Phenom Resources (OTCQX: PHNMF) has commenced core drilling at the Dobbin Gold Project in central Nevada to test a 2.1 km long and 200 m wide northeast-trending gold-in-soil anomaly, with values ranging from 0.1 g/t Au up to 2.73 g/t Au. The program targets lower plate Paleozoic carbonate units interpreted as a Carlin-type gold system, with drilling planned to depths of up to 1,200 feet above the Ordovician Eureka Quartzite.
The existing permit allows up to 26 core holes from 13 drill sites and up to 12 mechanical trenches totaling 5,291 feet, aimed at continuous surface chip sampling across the anomaly. According to Phenom, technical disclosure is overseen by Qualified Person Paul Cowley.
Phenom Resources (OTCQX: PHNMF) filed a U.S. provisional patent application to protect the metallurgical flowsheet developed for its High-Grade Vanadium-Nickel Opportunity reported in December 2024. The flowsheet, designed by a team led by Dr. David Dreisinger and Jodi Esplin, achieved about 80% vanadium and 75% nickel recoveries from a high-grade offshore source through hydrometallurgical processing at SGS Canada.
Phenom is seeking a strategic partner to fund and operate the project while retaining part ownership via its recovery process. The company anticipates a long-term processing plant producing high-purity vanadium and nickel, positioned as a midstream supplier to expanding U.S. EV and large battery markets, and is also pursuing potential U.S. government funding.
Phenom Resources (TSXV: PHNM, OTC: PHNMF) announced that President & CEO Paul Cowley and Metallurgical Advisor Dr. David Dreisinger will serve as panelists at the two-day Strategic Resources in Competition Conference in Reston, Virginia, hosted by the Irregular Warfare Initiative and the Special Operations Association of America.
The conference, bringing together an estimated 400–600 leaders from government, industry, academia, and the national security community, will focus on critical minerals, rare earth elements, supply chain resilience, and national security. Phenom is a sponsor of the event and plans to highlight vanadium’s role in battery storage and its Carlin Gold-Vanadium Project and Nevada gold project portfolio.
Phenom Resources (OTCQX: PHNMF) received a US Forest Service Plan of Operation permit to drill its Dobbin gold project in Nevada. Contractors are preparing to mobilize and the geological team is ready for a summer program.
The permit allows up to 26 core holes and 12 mechanical trenches totaling 5,291 feet, targeting an 800-metre section of a 2.1 km by 200 m gold-in-soil anomaly that has not yet been drill tested.
Phenom Resources (OTCQX: PHNMF) reported additional drill results from its Crescent Valley rare earth and critical metals deposit in Nevada.
New hole CVN26-07 cut a 102.1 m REE-critical metals intercept from surface. The mineralized zone now spans about 240 m by 215 m near surface, with geophysics suggesting a much larger IOCG-type body. Separate drilling on a long epithermal gold target intersected thick quartz breccia but only weakly anomalous gold.
Phenom Resources (OTCQX:PHNMF) hired Dr. Elizabeth Zbinden as consulting geologist and Project Manager for its Nevada gold exploration program. She brings over 30 years of global precious metals experience. The company is also advancing a Dobbin drill and trench permit targeting a sizable untested Carlin-style gold system.
Phenom Resources (OTCQX: PHNMF) issued 150,000 common shares at a deemed price of $0.44 to Nevada Gold Ventures, completing the final share payment under the April 26, 2023 option agreement for the Crescent Valley property near Carlin, Nevada.
With this issuance Phenom has satisfied all cash, share and work commitments and has earned a 100% interest in the property, subject to an NSR royalty; the issuance is a related party transaction and the company is relying on MI 61-101 exemptions.
Phenom (OTCQX: PHNMF) released a technical report assessing the King Solomon Gold Project, a 16.1 km2 (6.2 sq mi) property in central Nevada. The 83-page report highlights Carlin-style lower-plate carbonate targets, extensive pathfinder anomalies, historic shallow drilling (103 holes) and Priority 1–2 target areas for follow-up drilling.
The Company notes US Forest Service permitting reform is expected this year, which Phenom says could enable drilling at King Solomon in 2026.