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 Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) announced an option agreement to acquire 26 additional claims for the King Solomon Gold Project in Nevada. This expansion increases the project area by 210 hectares, making the total 1,651 hectares. The King Solomon project, located 32 km south of Phenom's Dobbin Gold Project, is believed to host a Carlin-type gold system. Drilling has confirmed mineralization, with surface samples reaching up to 8.4 g/t Au. The option agreement entails payments totaling US$105,000 over four years, with a 3% net smelter return royalty. Phenom can purchase up to a 2% NSR for US$3.0 million.
Phenom Resources Corp. has entered into an option agreement to acquire up to a 100% interest in the King Solomon Gold Project in central Nevada. The project comprises 178 claims over approximately 1,140 hectares and is near Phenom's Dobbin Gold Project. Historically, the area shows promise for Carlin-type gold deposits. The option agreement includes a four-year period with payments totaling $150,000 and 75,000 shares issued. The vendor retains a 3% net smelter return royalty, with Phenom having the option to buy up to 2% of this for $3 million. The agreement is subject to TSX Venture Exchange approval.
Phenom Resources Corp. (TSXV: PHNM, OTCQX: PHNMF, FSE: 1PY0) announced the filing of a US patent for a new process to extract vanadium and nickel from petroleum coke fly ash. This is Phenom's third patent, underscoring their technological advancements in metallurgical processes. The company aims to leverage these innovations for new business opportunities.
Phenom Resources Corp. reports the expiration of 6,977,325 warrants at $0.55 from a private placement in May 2021. The Company is awaiting feedback from the Department of Energy on two grant applications for its Carlin Vanadium Project, seeking funding totaling $303 million. Additionally, Phenom is actively exploring potential gold acquisitions in Nevada to enhance its gold portfolio.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.