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) 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.
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.