Phenom Resources Corp (PHNM)

Phenom Announces Letter of Intent for a Strategic Investment Private Placement Financing and Joint Venture with SSR Mining Inc. for 15% Interest in Dobbin ProjectJune 1, 2026 7:20 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Phenom Resources Corp. (TSXV: PHNM) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce a letter of intent governing an expected non-brokered private placement investment in Phenom by SSR Mining Inc. ("SSR") and proposed joint venture with SSR for the Company's Dobbin Property located in Nevada.SSR Mining Inc. is a US$6.5B Denver-based gold and silver mining company and the third largest gold producer in the United States. SSR Mining has a portfolio of operating, development and exploration assets across the Americas, including locations in the USA, Canada, and Argentina. SSR's core operating assets include: Marigold mine: An open-pit gold mine in Nevada, USA. Cripple Creek & Victor (CC&V) mine: An open-pit gold mine in Colorado, USA. Seabee mine: An underground gold mine in Saskatchewan, Canada. Puna operations: Located in the Jujuy province, Puna is the largest silver mine in ArgentinaPrivate Placement - Strategic InvestmentIt is proposed that SSR will become a strategic investor in the Company through the non-brokered private placement purchase of 9.9% of the Company's issued and outstanding common shares (calculated on a non-diluted basis, after giving effect to this share issuance) (the "Strategic Investment"). Consequently, under the Strategic Investment, the Company proposes to issue 13,518,353 common shares (the "Shares") to SSR at a price of CAD$0.40/share for total proceeds of CAD$5,407,341.20 (approx. US$3,917,370). The proceeds received from the Strategic Investment are proposed to be used as follows: (i) US$1.3 million will be used towards the remaining payment and work commitments owed by the Company to fully earn a 100% interest in the Dobbin Project; (ii) US$2.5 million will be available for unallocated general working capital of the Company; and (iii) the balance (approx. US$117,370) will be used for general working capital purposes relating to the Dobbin Project. The Shares will be subject to a statutory hold period expiring four months and one day after their issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV"). In addition, SSR has agreed to voluntarily restrict the disposition of the Shares for a period of one (1) year from the closing date (the "Restricted Period"); provided that SSR may sell up to an aggregate of 500,000 Shares in any calendar month during the Restricted Period, upon prior written notice to Phenom. This limit is fixed for each month, and any undisposed Shares for a particular month will not be added to the next or any succeeding month's limit. In conjunction with the Strategic Investment, it is proposed that the Company will grant to SSR, for so long as SSR holds a 4.9% or greater ownership interest in Phenom, the right, at the sole discretion of SSR, to maintain that level of ownership interest or to increase its ownership percentage up to a maximum of 19.9% of the outstanding Phenom shares, through participation and top-up rights. The Strategic Investment is subject to the approval of the TSXV.Sale of 15% Interest in Dobbin Project and Resulting JV As part of the non-binding letter of intent ("LOI"), Phenom and SSR have also agreed upon a framework for the sale by Phenom of a 15% interest in the Dobbin Project to SSR for a further US$4,000,000.00, and the consequent joint venture arrangement to be carried on by the two companies in respect of the Dobbin Project. It is proposed that all funds paid by SSR to purchase its 15% interest will be used to advance the Dobbin Project. The LOI provides a binding two-year standstill provision and imposes standard confidentiality obligations on the parties. The LOI also provides for a binding 30-day exclusivity period, during which time the parties have agreed to negotiate exclusively towards the execution of a definitive agreement relating to the Dobbin Project transaction. There can be no assurance that the parties will enter into a definitive agreement or that the proposed transactions will be completed. The Company will provide updates on the transactions if and when they become available.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located six miles south from the town of Carlin, Nevada, and Highway I-80 in Elko County, which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Company has 100% interest in Crescent Valley gold Project, a Bonanza high grade gold vein-type target and an IOCG target and options on two gold projects in Nevada - the Dobbin and King Solomon Properties, which are Carlin Gold-type targets.ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
(604) 340-7711 pcowley@phenomresources.com www.phenomresources.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include, but is not limited to, statements regarding the intended use of proceeds of the Offering, including funding work programs on the Company's exploration properties and for general working capital purposes, the receipt of final approval of the TSX Venture Exchange, and other statements that are not historical facts. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.Not for distribution to United States newswire services or for dissemination in the United States.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299597 Original: Phenom Announces Letter of Intent for a Strategic Investment Private Placement Financing and Joint Venture with SSR Mining Inc. for 15% Interest in Dobbin Project

Phenom Reports Consistent Results on Rare Earth and Critical Metals Deposit at Crescent ValleyMay 29, 2026 3:44 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that additional drilling has returned similar thickness and grade in its Rare Earth Element (REE) and Critical Metals deposit on its Crescent Valley Property, about 22 km (13 miles) southwest of Carlin, Nevada. To date, all mineralized drill intercepts in the deposit start from surface. Principal metals of value include Rubidium, Hafnium, Scandium and Neodymium with lesser amounts of Dysprosium, Praseodymium, Cerium, Europium, Niobium, Strontium, Terbium and Yittrium, all on the US Geological Survey critical metals list considered vital to the U.S. economy and national security that face potential risks from disrupted supply chains.The new deposit is an Iron Oxide Copper Gold (IOCG) deposit-type, a magnetite-tourmaline-pyrrhotite-pyrite breccia body with appreciable REE and Critical Metals content. Drill hole CVN26-07, 143 metres (east of CVN25-04 has returned a 102 metre (335-foot) intercept starting from surface of similar grade in REE and Critical Metals content as previously reported. Drill holes CVN24-02 (drilling in 2024) and CVN25-04 (drilling in October 2025), and a 75-metre-long continuous surface chip sample completed in summer 2025, all located at the north part of the breccia body, had returned near surface similar and reproducible elevated values in these metals. The drilled area now covers over 240 metres (780') wide by 215 metres (700') long (see Figure 1). Although early in its evaluation, the deposit is presumed to have dimensions in the order of 600 metres (1970 feet) wide (east-west), at least 200 metres (650 feet) thick (vertically) and at least 1 kilometre (3280 feet) long (north-south) based on the Company's 2024 IP geophysical program completed by Zonge International Inc. and guided and interpreted by Jim Wright of Wright Geophysics. The IP program identified a continuous high chargeability anomaly coincide with and expressed as a near surface flat and long body which has now been ground-truthed by the three RC drill holes and surface chip sampling. A ground magnetic survey performed by Zonge 2012, was also used by Dave Mathewson to help guide the placement of the drill holes. The chargeability anomaly/REE and Critical Metals deposit is open to the north and requires additional IP lines to fully determine its length. IOCG deposits generally have a pipe configuration. Additional infill IP lines may help define the pipe root size and configuration. Table 1: Drill Intercept and Chip Sampling Highlights (* previously reported)
From
(m)To
(m)Length
(m)From
(ft)To
(ft)Length
(ft)Rubidium
(ppm)Hafnium
(ppm)Scandium
(ppm)Neodymium
(ppm)CVN24-02*099.199.10325325121.55.211.331.6including038.138.10125125160.36.18.520.8and48.854.96.116018020168.86.117.137.9and64.080.816.821026555162.23.99.530.9CVN25-04*054.954.90180180146.06.114.729.3including 022.922.907575193.16.215.630.975m chip*075.075.00246246132.85.811.238.5CVN26-070102.1102.10335335109.07.218.041.4 Note: Intercept thicknesses of the mineralization are estimated to be true thickness.Rubidium carbonate, currently selling for US$12,500 per kilogram, is used in atomic clocks key to global positioning systems (GPS), data network syncing and research and development. Hafnium metal, selling for US$12,508 per kilogram, is used in nuclear control rods, semiconductors and aerospace. Scandium metal, selling for US$3,186.6 per kilogram, is used to strengthen metal alloys, in fuel cells and in high-intensity lighting. Neodymium metal, selling for US$244.9 per kilogram, is used in permanent magnets, in medical and industrial lasers, and in the production of rubber. Lesser amounts of Dysprosium (used in permanent magnets, data storage devices, and lasers), and Praseodymium (used in permanent magnets, batteries, aerospace metal alloys, ceramics, and colorants) are also present, as well as other important and strategic REE elements. The relative value proportions of the principal metals in the CVN26-07 intercept are in the order of 55% from Rubidium, 19% from Hafnium, 23% from Scandium, 2% from Neodymium and 1% from Dysprosium. The Company will be doing a mineralogical evaluation at SGS Canada Inc. to determine the mineral species for these elevated elements leading to how they may be concentrated for metallurgical purposes.Figure 1: Drillhole Locations for IOCG and Low Sulfidation Epithermal Target TestingTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/299471_0be3857ae459e8a3_002full.jpgThe following Figure 2 shows the chargeability anomaly in plan view on the left and cross-sections of the northmost 3 lines of chargeability on the right to help visualize the size, shape and near surface nature of the body. It also demonstrates the opportunity to extend the strike length of the chargeability/REE and Critical Metals body to the north with additional IP lines. Note the RC drill hole traces are superimposed on three of the cross-sections to show their penetration into the breccia body.Figure 2: Plan View and Cross-sections of Chargeability Anomaly/REE and Critical Metals DepositTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/299471_0be3857ae459e8a3_003full.jpgTable 2: Drill Hole Information for IOCG Target
Easting
(m)Northing
(m)AzimuthDipLength
(m)Length
(ft)Hole CVN26-075638384485931090-60304.81000 Low Sulfidation Epithermal Target TestingThe Crescent Valley Property also hosts a 5-6-kilometre-plus-long (3-3.7 mile) range-front-margin low sulfidation epithermal gold opportunity which the Company tested further with drill holes CVN26-05, CVN26-06 and CVN26-08 as steps out from previously reported CVN25-03. CVN25-03 reported a 144.8 metre thick (475 feet) quartz breccia with continuous weakly anomalous gold values over a length of 274.3 metres (900 feet). CVN26-06 and CVN26-08 stepped out 100 metres (328 feet) and 200 metres (656 feet) to the north of CVN25-03. CVN26-05 tested 100 metres (328 feet) downdip from CVN25-03 (see Figure 1 and Table 3). Much like CVN25-03, all three holes encountered the thick quartz veined and brecciated zone having thicknesses between 91.4-121.9 metres (300-400 feet). Gold values remained similarly weakly anomalous over thicknesses between 30.5 metres (100 feet) and 126.5 metres (415 feet). This program tested a small portion of the lengthy range-front-margin low sulfidation epithermal gold opportunity. Table 3: Drill Hole Information for Low Sulfidation Epithermal Target (* previously reported)
Easting
(m)Northing
(m)AzimuthDipLength
(m)Length
(ft)Hole CVN25-03*5631034484245090-60426.721400Hole CVN26-055631004484245090-78505.971660Hole CVN26-065631394484345090-78519.681705Hole CVN26-085631394484446090-78399.291310 The drilling programs were field supervised by Paul Cowley and Dave Mathewson, both QPs for the Company. Drilling was done by Envirotech Drilling LLC with 5-foot-long sample lengths. Rock and drill cuttings samples were analyzed by ALS Global for its gold and rare earth packages. Company QAQC sample inserts were included.About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present in proximity to the Phenom property (5-15km). The Company has 100% interest in Crescent Valley in Eureka County and has options on two gold projects in Nevada, the Dobbin and King Solomon Properties which are Carlin Gold-type targets in the Monitor Range within Lander and Nye Counties, respectively. ON BEHALF OF PHENOM RESOURCES CORP. per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com     www.phenomresources.comTechnical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, director and Geological Consultant of the Company.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299471 Original: Phenom Reports Consistent Results on Rare Earth and Critical Metals Deposit at Crescent Valley

Phenom Earns 100% Interest in Crescent Valley Gold Property Following Final Share IssuanceApril 27, 2026 7:14 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") announces the issuance of 150,000 common shares (the "Consideration Shares") at a deemed price of $0.44 per share to Nevada Gold Ventures LLC (the "Vendor") in satisfaction of the final share payment obligation under the property option agreement dated April 26, 2023 (the "Option Agreement") relating to the Crescent Valley project located about 22 km (13 miles) southwest of Carlin, NV, strategically located along the southwest fringe of the Carlin Gold Trend within the prospective Northern Nevada Rift, Nevada (the "Property").Pursuant to the Option Agreement, the Company has the option to acquire a 100% interest in the Property by completing certain cash payments, share issuances and work expenditure commitments to the Vendor. The Option Agreement and the total share consideration of 600,000 common shares were accepted for filing by the TSX Venture Exchange (the "Exchange") on or about June 23, 2023 as an arm's length transaction.With the issuance of the Consideration Shares, the Company has satisfied all cash payment, share issuance and work expenditure obligations under the Option Agreement and has earned a 100% interest in the Property, subject to the NSR royalty.At the time the Option Agreement was entered into and at the time of its acceptance by the Exchange, the transaction was an arm's length transaction. Subsequent to the original acceptance, Dave Mathewson, the owner of Nevada Gold Ventures LLC, became a director of the Company and is accordingly now an insider of the Company. As a result of Dave Mathewson's current status as a director, the issuance of the Consideration Shares to the Vendor constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9. The Company notes, however, that the underlying obligation to issue these shares arose prior to Dave Mathewson becoming a director, pursuant to an agreement accepted by the Exchange as arm's length, and that no new consideration is being provided. The Consideration Shares represent the fulfillment of a pre-existing, Exchange approved obligation. To the extent MI 61-101 applies, the Company is relying on the exemptions from the formal valuation requirement and minority shareholder approval requirement pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the Consideration Shares to be issued to Nevada Gold Ventures LLC, does not exceed 25% of the Company's market capitalization.About Phenom Resources Corp.Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on two gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets. The Crescent Valley Property has both epithermal gold and IOCG targets. ON BEHALF OF PHENOM RESOURCES CORP. per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com        www.phenomresources.comTechnical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, director, President and CEO of the Company.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294505
Original: Phenom Earns 100% Interest in Crescent Valley Gold Property Following Final Share Issuance

Phenom Provides Updated Assessment of the King Solomon Gold Project, NevadaApril 22, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to report that consulting geologist Dr. Mike Ressel has provided the Company with a comprehensive report on his summer 2025 mapping, compilation of historic geological, geophysical and geochemical data, and assessment of the Company's King Solomon Gold Project, in central Nevada, 120 kilometres (75 miles) southwest of Eureka, NV and 38 km (24 miles) southwest of the Company's Dobbin Gold Project. Both projects lie along the prospective Paleozoic continental margin within favorable carbonate host rock units and nearby early Tertiary intrusive/extrusive heat sources contributing to rock alteration and potential metal emplacement. The 83-page technical report is now available on the Company website. Highlights are provided here to demonstrate the project's regional-scale (6.2 square miles; 16.1 square kilometers) Carlin-type gold-silver-antimony and epithermal volcanic-hosted mineralized system.Furthermore, it is noteworthy to mention that King Solomon has been held by numerous quality explorers in the past, all recognizing the significance of this property but appear to have ultimately fatigued and walked from onerous permitting requirements by US Forest Service. In meetings with Phenom Representatives held in Washington, DC, the Chief of the US Forest Service, Chief Tom Schultz, indicated simplified draft permitting reform is in progress and anticipating implementation this year. We anticipate these changes will finally allow King Solomon exploration to be conducted more expeditiously under reasonable exploration permitting policies. The Company is hopeful the timing of these new policies will allow for King Solomon drilling this year.Extensive hydrothermal alteration and significant Au mineralization characterized by elevated Au, Ag, As, Sb, Hg, Tl, and Ba occur within the King Soloman target area. Geophysical data include fairly detailed airborne magnetics, gravity, and limited CSAMT and IP. The magnetics and gravity data corroborate much of the detailed mapping, lending support to map interpretations of intrusive doming and extensive shallow covered and exposed carbonate rocks. The lower-plate carbonate strata are variable in character, and several units present are interpreted as prospective hosts for disseminated Carlin-type gold mineralization including the thin-bedded carbonates of the Pogonip Limestone, Roberts Mountains Formation, and Devonian limestone possibly correlative with either the McColley Canyon Formation or its downslope equivalent, the Rabbit Hill Limestone. Areas of gold-bearing polymictic breccias associated with large dykes have been newly identified.Dave Mathewson, accomplished gold finder states, "There is excellent potential for discovery of significant Carlin-type gold deposits at King Solomon. Previous explorers, appear to not have understood the full extent of, and significance of, the stratigraphy, or gold model. Typical of earlier 1990's explorers, drilling was largely limited to shallow tests of 90m to 122m deep (300-400 feet) and was primarily focused on the potential within the overlying Tertiary volcanic rocks. Significant near surface gold intercepts within Tertiary volcanics which, noteworthy as they are, suggest a bigger potential within the underlying more permissive, Paleozoic carbonate package. Earlier explorers barely penetrated the more prospective rock units and only scratched the surface of this prospect. The carbonate sequence below the volcanics at King Solomon which I have identified include favourable Devonian, down into Ordovician gold host rock formations such as the Denay, Rabbit Hill, Roberts Mountain and Pogonip limestone Formations, with a collective thickness well in excess of 1000 feet. These rock units represent a very significant potential host package to gold deposits that have not been significantly drill tested here."Through Dr. Ressel 2025 work, Priority 1 and 2 areas have been identified for detailed evaluation this summer and from that, drill target development (see Figure 1). Much of the property is ranked as priority. Figure 1: King Solomon Property - Exploration Priority MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/293765_0bc5e0d284134a3a_002full.jpgA select four figures from the report follow, demonstrating the significant regional-scale gold and pathfinder metals signature typical of Carlin-type gold systems in lower plate Paleozoic carbonates, and overlying tuffs.Figure 2: King Solomon Property - Gold-in-Soil Anomaly MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/293765_0bc5e0d284134a3a_003full.jpgFigure 3: King Solomon Property - Arsenic-in-Soil Anomaly MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/293765_0bc5e0d284134a3a_004full.jpgFigure 4: King Solomon Property - Mercury-in-rocks Anomaly MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/293765_0bc5e0d284134a3a_005full.jpgFigure 5: King Solomon Property - Antimony-in-rocks Anomaly MapTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3372/293765_0bc5e0d284134a3a_006full.jpgKing Solomon has been partially tested by 103, mostly shallow drill holes, from the 1980's when shallow drilling of Carlin-type systems was common. Most of the drill holes were focused in a small area around the King Solomon Mine where significant near surface gold intercepts were encountered; some holes ending in mineralization as shown in the table below. Drill Hole ID From (m) To (m) Intercept Length (m) Gold Grade (g/t) From (ft) To (ft) Intercept Length (ft) Gold Grade (opt) Ended in Mineralization (EIM)









KS-1 0 74.68 74.68 0.96 0 245 245 0.028 *EIM KS-3 33.53 50.29 16.76 0.86 110 165 55 0.025 *EIM KS-5 36.58 74.68 38.1 1.37 120 245 125 0.04
KS-7 39.62 91.44 51.82 0.79 130 300 170 0.023 *EIM KS-9 54.86 86.87 32 0.72 180 285 105 0.021
KS-9 114.3 134.11 19.81 0.51 375 440 65 0.015 *EIM KS-13 45.72 82.3 36.58 0.96 150 270 120 0.028
KS-13 86.87 121.92 35.05 0.41 285 400 115 0.012
KS-13 121.92 152.4 30.48 0.62 400 500 100 0.018 *EIM KS-24 0 80.77 80.77 1.06 0 265 265 0.031
KS-26 32 76.2 44.2 0.72 105 250 145 0.021
KS-26 96.01 112.78 16.76 0.99 315 370 55 0.029 *EIM KKS-1 0 80.77 80.77 0.96 0 265 265 0.028
KKS-3 7.62 41.15 33.53 1.1 25 135 110 0.032
KKS-3 140.21 182.88 42.67 0.62 460 600 140 0.018 *EIM including  166.12 182.88 16.76 0.89 545 600 55 0.026 *EIM KS-29-90 182.88 194.46 11.58 0.93 600 638 38 0.027 *EIM  Table 1: Highlighted Historic King Solomon Drill Intercepts - 9 of 11 holes ended in mineralizationDave Mathewson continues, "Drilling to date has confirmed the Carlin-replacement-style of mineralization and intercepts have approached desirable gold grades. The presence of permissive host rocks, Carlin-style epithermal-style alteration, and geochemistry of up to very high levels of arsenic, antimony, mercury, and locally gold, all indicate gold deposit prospectivity. I lean strongly toward believing the existence of one or more gold deposits are present in the area." The principal targeted metal on King Solomon is gold. Contributing to that, it is interesting to note that King Solomon was originally mined for high-grade antimony and silver. Considering the attention antimony is getting as an important critical metal for the US, and the US government's support to advance key antimony projects, it is worth noting the antimony association on the King Solomon project. The historic high-grade antimony mining may favourably influence the project's permitting priority with regulators. Two historic grab samples from one vein at King Solomon returned 12.57% and 38.86% antimony and 5.8 oz/t and 55.16 oz/t silver. A 4 ft wide shear zone reported an assay of 1.3% antimony and 2.8 oz/t silver. About Phenom Resources Corp.Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Vally Property, is a Bonanza high grade gold vein-type and also a critical metals IOCG-type target. ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com, www.phenomresources.comTechnical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, President, CEO and director of the Company.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293765
Original: Phenom Provides Updated Assessment of the King Solomon Gold Project, Nevada

Phenom Reports on MK Plus Progress to Commercialization, the Solid-State Vanadium Battery CompanyApril 20, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to updated shareholders on progress made by MK Plus Co., Ltd. (MK Plus), the private Japanese battery company, towards their commercialization of their revolutionary fast charging low-cost vanadium solid-state batteries. Phenom owns a 5% equity interest in MK Plus resulting from an Off-take agreement signed July 24, 2023. Until now, the Company reporting on MK Plus has been brief as MK Plus was on its earlier stages of corporate development, technical testing and European marketing. Their business is now on the verge of a significant breakout this summer. MK Plus has secured a battery manufacturing plant in Sweden with a Swedish work force, secured orders for the commercialization of its battery and are developing a growing list of interested customers in Europe and the Middle East. In the first quarter of 2022, the prototype passed performance testing conducted in Germany, obtaining international certification. By the fourth quarter of the same year, a pilot production facility in Japan had begun operations, further solidifying the path toward implementation. Global expansion accelerated in the first quarter of 2023 with the establishment of EM Plus in Austria, creating a strategic base for European operations. Through participation in the Burgenland state (Austria) acceleration program and the Austrian government's COMET program, research and industrial collaboration in Europe have progressed steadily.On January 29, 2025, an event was held in Vienna, Austria, were MK Plus confirmed the stable operation of its 500 Wh battery module. Following the event, MK Plus' Austrian subsidiary - Ewig Macht Plus GmbH (EM Plus) - received a "Certificate of Availability" from the European Union (EU) and an official order for 2.5 GWh of energy-storage batteries from the Austrian state government of Burgenland. This project will be promoted with appropriate support from both the Austrian federal government and the European Union. Once MK Plus delivers on the initial order with Burgenland, it is expected to lead to additional large-scale orders (2-billion-euro scale) and further industrial collaboration within the EU.In the EU, there is growing skepticism toward the construction of large-scale energy-storage facilities based on conventional lithium-ion rechargeable batteries, due to the risk of fires. As a result, expectations are rising for non-lithium-ion battery technologies, including lithium all-solid-state batteries and sodium-ion batteries. At present, no other emerging battery technology has succeeded in developing a kWh-class module, and both MK Plus and EM Plus have received numerous inquiries, particularly from renewable-energy companies across Europe.As global electrification accelerates and renewable energy continues to expand, the battery energy storage market is experiencing rapid growth. Standing at the forefront of this transformation, MK Plus is committed to realizing a sustainable energy society through its next-generation Vanadium Solid-State Battery (VSB) technology. This technology can be applied across a wide range of sectors-including utilities, commercial facilities, real estate, transportation infrastructure, and aerospace-providing the flexibility needed to adapt to an evolving market landscape. MK Plus' VSB offers significant advantages over conventional energy storage systems, including exceptionally fast charging (100 times faster than lithium batteries), superior safety, cost saving (storage system costs reduced by 75%, and cooling costs reduced by 90%), 100% recyclable and an extended lifespan (150 times more charge cycles than lithium batteries). Phenom will be reporting on new developments regarding MK Plus in the coming weeks and months with its imminent commercialization stage. About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three other gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type gold targets and the epithermal gold Crescent Valley Property. ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com           www.phenomresources.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293324
Original: Phenom Reports on MK Plus Progress to Commercialization, the Solid-State Vanadium Battery Company

Phenom Engages Energold for Dobbin DrillingApril 14, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 14, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that with progressive and significant advancements with the Forest Service on drill permitting at Dobbin and foreseeing its imminent granting, the Company has signed a drill contract with Energold Drilling USA/ Bertram Drilling Inc. (Energold). The drill contract allows for up to 14 core holes, each a depth of 1200' (365 metres) for a maximum drill campaign of 16,800 feet (5,120 metres). Last week Company geological crews met with Energold supervisory personnel and road and drill pad construction personnel at the Dobbin project site to walk the flagged route and drill pads and fine tune project logistical aspects to ensure the right people, equipment and supplies are lined up and ready to go once the Forest Service permit has been issued. In addition, the permit will allow for 12 long mechanical trenches for a total linear length of 5,470' (1670 metres) to crosscut and expose surficial mineralization.Energold Drilling is a global drilling provider delivering contract drilling solutions to the mining, infrastructure and water sectors throughout the Americas, Europe, Middle East and Africa. Energold's expertise in low-impact drilling solutions supports mineral exploration in challenging locations with minimal environmental disturbance and lower required investment in project infrastructure.At Dobbin, Phenom has identified a strong 2.1 kilometres long (1.3 miles) and 200 meters (660 feet) wide gold in soils anomaly with a large number of values between 0.1 g/t Au up to 2.73 g/t Au (approx. 0.09oz/ton). The northeast linear gold anomaly reflects a northeast trending structure presumed to be subvertical cutting through gently dipping Roberts Mountains Formation carbonates, an important host for many Carlin-type gold deposits in central and northern Nevada. Incidentally, northeast structural trends are a very commonly occurring component to Carlin-type gold deposits in Nevada. Dave Mathewson, Company director and Geological advisor states, "This is a sizable significant Carlin-style gold system that has potential for multiple associated gold deposits and in my view represents one of the best undrilled gold prospects in Nevada, if not the best."Paul Cowley, Company President and CEO states, "We are very comfortable and happy to engage Energold who are ideal for Dobbin's maiden drill campaign. The long-awaited permit to drill is in sight and appropriate measures are now being taken. We are very excited to be nearing this stage and finally be able to drill this large, impressive, high-quality Carlin-type gold target."About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property. ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com        www.phenomresources.comTechnical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, director, President and CEO of the Company.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292307
Original: Phenom Engages Energold for Dobbin Drilling

Phenom Resumes Drilling at Crescent ValleyMarch 4, 2026 10:38 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that following its January 22, 2026 announcement of further validating its Bonanza-type low sulphidation epithermal gold model and target with the fall 2025 drilling at the Company's Crescent Valley Gold Project, and with the benefit of unseasonably warm and dry winter conditions, the Company has been able to mobilize a follow-up drilling campaign at Crescent Valley. This also follows the Company's announcement January 12, 2026, of the discovery of a rare Earth and Critical metals deposit at Crescent Valley and the expansion of the property size. The Crescent Valley project is about 22 km (13 miles) southwest of Carlin, NV, strategically located along the southwest fringe of the Carlin Gold Trend within the prospective Northern Nevada Rift, Nevada.To advance the Bonanza-type low sulphidation epithermal gold target in this drilling campaign, the Company plans to build onto the encouragements of hole CVN25-03 with three additional RC holes with 100 metre (328 foot) step-outs. The first angle hole, CVN26-05, below CVN25-03, was just completed to a depth of 506m (1660ft) with all samples delivered to the lab for assaying. A large quartz flooded zone was encountered from 275m to 411m (900-1350ft). Details with be provided when assays are available.As previously reported, CVN25-03 saw a dramatic increase in gold presence with over half of the hole reporting elevated gold values, a dramatic increase in volume of quartz veining, and evidence of boiling starting at a depth of 700 feet. To advance the IOCG rare Earth and Critical metals deposit evaluation in this drilling campaign, the Company plans for a 100 metre step-out from CVN25-04 with one hole, in efforts to target a feeder pipe suggested from the 2024 IP survey. Characteristics of the Vein System on Crescent ValleyThe 5-6-kilometre-plus-long range-front-margin quartz vein system is accompanied with zone of multi-event, silica-healed, hydrothermal breccias. Multiple quartz veins individually, locally reach up to 30 metres (100ft) thick. At and near surface, portions of the veins display repetitive banding, coarsely-bladed calcite, and quartz pseudomorphs of the calcite, within larger zones of phreatic-type brecciation that both typically represent above-boiling activity within zones of ascending hydrothermal fluids occurring above the prospective depositional levels of gold.Low Sulphidation Deposits in NevadaThere are a number of low sulfidation epithermal gold deposits in Nevada known for their very high grades in gold and silver including Goldfields, the famous Comstock Mine, Midas, Tuscarora, and Sleeper Mine. Comstock was so rich it served as an important funding contributor to the successful Union Army cause during the Civil War. Sleeper was a very high-grade gold mine discovered and mined by AMAX Gold. Midas and Tuscarora are also near to, and on the flank of the Carlin Trend. About Phenom Resources Corp.Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Project lies within the prolific Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km). The Company has options on three gold projects in Nevada, the King Solomon and Dobbin Properties which are Carlin Gold-type targets and the Crescent Valley Property. ON BEHALF OF PHENOM RESOURCES CORP. per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com        www.phenomresources.comTechnical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, director, President and CEO of the Company.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286238
Original: Phenom Resumes Drilling at Crescent Valley

Phenom Closes $1.25 Million Private Placement FinancingFebruary 26, 2026 3:44 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Phenom Resources Corp. (TSXV: PHNM) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that it has closed its previously announced non brokered private placement financing (the "Offering") and issued an aggregate of 5,000,000 units (the "Units") at a price of $0.25 per Unit, for total gross proceeds of $1,250,000. Each Unit is comprised of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of $0.35 per Share for a period of four years from the date of issuance.The net proceeds from the Offering are expected to be used for work programs on the Company's exploration properties and for general working capital.No insiders of the Company participated in the Offering. No finder's fees were paid in connection with the Offering. The Offering was well supported by several existing shareholders who increased their ownership positions.Following completion of the Offering:Rob McEwen through Evanachan Limited will own 5,388,236 common shares, representing approximately 4.4% of the Company's issued and outstanding common shares;Bob Kopple through KF Business Ventures LP will own 7,752,000 common shares, representing approximately 6.3%; andEric Muschinski through Phenom Ventures LLC will own 8,700,000 common shares, representing approximately 7.1%.The Company has been advised that Evanachan Limited, KF Business Ventures LP and Phenom Ventures LLC are not acting jointly or in concert.All securities issued under the Offering are subject to a statutory hold period expiring June 27, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV"). The Offering remains subject to final approval of the TSXV.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.In addition, the Company announces that it has granted an aggregate of 1,650,000 stock options (the "Options") to certain directors, officers and consultants of the Company pursuant to its omnibus equity incentive plan. Each Option is exercisable to acquire one common share of the Company (an "Option Share") at an exercise price of $0.275 per Option Share for a period of five years from the date of grant, being February 25, 2026. The Options vest in full on the date of grant.The Options were granted in accordance with the terms of the Company's omnibus equity incentive plan and the policies of the TSXV. Any Option Shares issued upon exercise of the Options will be subject to a four month hold period from the date of grant in accordance with the policies of the TSXV and applicable securities laws. The grant of the Options remains subject to acceptance by the TSXV.About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located six miles south from the town of Carlin, Nevada, and Highway I-80 in Elko County, which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Company has options on three gold projects in Nevada - the Dobbin and King Solomon Properties, which are Carlin Gold-type targets, and the Crescent Valley Property, a Bonanza high grade gold vein-type target.ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
(604) 340-7711 pcowley@phenomresources.com www.phenomresources.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include, but is not limited to, statements regarding the intended use of proceeds of the Offering, including funding work programs on the Company's exploration properties and for general working capital purposes, the receipt of final approval of the TSX Venture Exchange, and other statements that are not historical facts. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.Not for distribution to United States newswire services or for dissemination in the United States.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285525
Original: Phenom Closes $1.25 Million Private Placement Financing

Phenom Announces up to $1,275,000 Private Placement FinancingFebruary 17, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Phenom Resources Corp. (TSXV: PHNM) (FSE: 1PY0) ("Phenom" or the "Company") announces that it proposes to undertake a non-brokered private placement of up to 5,100,000 units (the "Units") at a price of $0.25/Unit to raise total gross proceeds of up to $1,275,000 (the "Offering"). Each Unit will be comprised of one common share and one warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of 4 years at a price of $0.35. The gross proceeds received from the sale of the Units will be used for work programs on the Company's exploration properties and for general working capital.The Units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. A finder's fee may be paid to eligible finders in relation to this financing, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Certain directors and officers of the Company (the "Insiders") are expected to participate in the Offering. Participation by Insiders in the private placement is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that it will be exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the private placement in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insiders will not exceed 25% of the fair market value of the Company's market capitalization. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located six miles south from the town of Carlin, Nevada, and Highway I-80 in Elko County, which hosts the Carlin Vanadium deposit, North America's largest highest grade primary vanadium resource. The Company has options on three gold projects in Nevada - the Dobbin and King Solomon Properties, which are Carlin Gold-type targets, and the Crescent Valley Property, a Bonanza high grade gold vein-type target.ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
(604) 340-7711 pcowley@phenomresources.com www.phenomresources.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability complete the proposed non-brokered private placement financing on the terms as described above. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.Not for distribution to United States newswire services or for dissemination in the United States.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284090
Original: Phenom Announces up to $1,275,000 Private Placement Financing

March 25, 2025 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM; OTCQX®: PHNMF; FSE: 1PY0) (“Phenom” or the “Company”) wishes to inform shareholders of a milestone Executive Order signed by President Trump last week that recognises the importance of mining to the nation, “once the world’s largest producer of lucrative minerals,” and recognizes that “overbearing Federal regulation has eroded its mineral production”. It is important to note that President Trump is taking swift action on the industry’s issues early on in his administration which will only improve the mineral sector with the commitment and actions. The Executive Order is the first decisive step in “taking immediate action to facilitate domestic mineral production to the maximum possible extent” that “can create jobs, fuel prosperity, and significantly reduce our reliance on foreign nations.” Among many points, the Executive Order sets out timely 10 to 30 day coordinated action plans for the Chair of the National Energy Dominance Council (NEDC), Secretary of Defense, the Secretary of the Interior, the Secretary of Agriculture, and the Secretary of Energy to advance mineral projects to production. The Executive Order applies to a pipeline of mineral production projects for which a plan of operations, a permit application, or other application for approval has been submitted. Most relevant to the Company is the Executive Order’s earnest move “to solicit industry feedback on regulatory bottlenecks and other recommended strategies for expediting domestic mineral production” that can be acted upon to the needed pipeline of high-quality mineral exploration projects for healthy sustained mineral production. The Company will vigorously provide inputs to this solicitation which could result in swifter drilling on its Dobbin and King Solomon gold projects. The full Executive Order can be found with the following link: https://www.whitehouse.gov/presidentialactions/2025/03/immediate-measures-to-increase-american-mineral-production/

News: Phenom Extends Dobbin Gold System to 2.1+ Kilometres Long
https://www.newsfilecorp.com/release/237297
Dave Mathewson, Company director and Geological advisor states, "This is a sizable significant Carlin-style gold system that has potential of multiple associated gold deposits and in my view represents one of the best undrilled gold prospects in Nevada, if not the best."

This news is quite impressive to me. We get 5% of a potential very high growth company AND locked in sales of 20% of our production.
IF MK Plus reaches $500 million valuation the would be $25,000,000 of value for Phenom. Sounds really good to me. Do not see any significant down side. Keep in mind this 'Phenom whereby Phenom will commit to providing 20% of its future Carlin Vanadium Project production concentrates to MK Plus AT FAIR MARKET value.' Seems like they negotiated one heck of a deal.

Vanadium Solid-State Battery Company

Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding (MOU) to gain a 5% equity interest in a private Japanese battery company, that is advancing its revolutionary fast charging low-cost vanadium solid-state battery (VSB) business world-wide.

The non-binding MOU describes the principles and proposed terms and conditions of an Off-Take Agreement between MK Plus Co., Ltd. (MK Plus) and Phenom whereby Phenom will commit to providing 20% of its future Carlin Vanadium Project production concentrates to MK Plus at fair market value. In exchange for this commitment, MK Plus will, on signing a Definitive Off-Take Agreement, issue to Phenom 5% of MK Plus's issued and outstanding shares. Phenom's interest will be non-dilutive until MK Plus's market valuation exceeds US$500 million after which Phenom's interest in MK Plus may be diluted but will not fall below 3%.

Currently, MK Plus's market valuation is CDN$83.85 million.

According to MK Plus, their vanadium solid-state battery provides higher desired performance at a lower cost over vanadium redox flow batteries (VRFB) in the large capacity battery market. They claim:

Rapid charging in minutes (C-rate of between 100 and 300 versus C-rate of 20 in VRFB), achieving massive charging speeds 100 times faster.
Use one tenth of the amount of vanadium than VRFB use for an equivalent charge.
Have +100,000 deep cycle life without heat dissipation (no fire risk) or degradation (long life).
Have been tested at ambient operating temperatures between 100oC and -40oC without loss of performance.

MK Plus's vision is to be the #1 provider of high-performance, stationary, low-cost utility-scale batteries that are made 100% in North America with vanadium from Phenom's Carlin Vanadium resource in Nevada. With 14 patents world-wide for its battery technology, they have progressed through a 12-year R&D period including thorough third-party testing. They are now providing scaled-up modules to European power companies for customer testing next month. MK Plus has established multiple subsidiaries including the USA, France and Austria with plans to expand further world-wide.

Paul Cowley, President & CEO of Phenom states, "We are very pleased to have built a relationship with MK Plus over the last 2 years that has culminated in this MOU and bring this new technology to the USA to address battery supply chain gaps. The extraordinary features of their vanadium solid-state batteries can be highly disruptive to the utility-scale battery market which is forecasted to expand 30 times by the end of this decade. In my visit to MK Plus's facilities in Japan last week I witnessed firsthand the impressive rapid charging. To own 5% of this unique and progressive Japanese battery company with their aggressive growth potential just prior to their power customer testing is timely and significant for us. We see this MOU as a start to a strong and growing relationship with MK Plus."

"The stationary battery market is projected to be double the size of the EV battery market by early 2030's and that is where vanadium redox flow batteries have their advantage over lithium batteries. As pointed out above, MK Plus's vanadium solid-state battery is superior again to the VRFB. Additionally, MK Plus believes that because of the rapid changing of their battery, there is potential to enter the EV space but are initially focused on the bigger market where they have a clear advantage," continues Paul Cowley. "MK Plus sought out and prioritized Phenom's vanadium resource in Nevada as the ideal target and relationship in the USA for MK Plus's initial global growth plans by securing future vanadium feed in the USA."

The Definitive Agreement is expected to be finalized by June 30, 2023.

That would be awesome!

Expecting big run in 2023. They continued to expand the vanadium resources and hopeful the potential gold beneath the vanadium will be grown next year. Undervalued and should easily see 100% short term. Long term 10x very possible.

Anything new here since April? Potential in 2023?

I will watch it for a while. Thanks for your comments.

Welcome. Yes great potential but be willing to be patient. I know that is really hard when it is a penny stock. We usually want quick results or we would not be here. But if looking for a 10x or more this is the place to be.

Hello, Mind if I join in? I am new to the company. It seems to possibly have much potential.

Reminder --- In further news, the Company plans to start its 2022 drilling campaign in Nevada in EARLY APRIL, firstly on the Carlin Gold-Vanadium Project with vectoring within the gold system.

Getting good increases here lately. As it should.

Why Invest in Phenom

* RIGHT MANAGEMENT – PROJECT – STRUCTURE – TIMING

* Stellar Technical Team - over 450 years combined industry experience

* On the Carlin Gold Trend of Nevada – one of the most desirable, favourable and prolific gold mining trends on the planet

* Double-play - large-scale Carlin-type gold system under high-grade Vanadium resource


* Gold targeting by renowned Nevada gold specialist and proven mine finder, Dave Mathewson

* Vanadium - a mineral of choice for next generation of green energy storage

* 84.4 Million Shares – listed on TSX.V: PHNM; US OTCQX®: PHNMF and Frankfurt:1PY

Presentation:
https://phenomresources.com/images/Presentation/2022/Phenom_Res_-_Corporate_Presentation_March_7-22_vanadium_and_gold_.pdf

Shares Issued and Outstanding: 82,394,732 as of March 3, 2022

Warrants 25,644,492 (@ $0.26, $0.55, $0.65 and $0.75)

Options 5,380,000

Fully Diluted 113,419,224

Supposed to be a lot going on behind the scenes with Phenom. Hope that get published before long. Been loading up last few days. Ready for the long haul. Expectations are for this to be in the multi dollar range this year.

Yes, ThSeeker,the word is that big money is coming into Phenom soon, with a new PP at well above the previous one at .40.
Also, the Vanadium price is creeping up nicely.
Erie

Hearing that there are big pocket/experienced investors that should be showing up soon. That should have a substantial impact on the PPS. Hoping to see some higher support levels established this month.

FVANF changed to PHNMF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

First Vanadium Corp. changed to Phenom Resources Corp.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

How come nobody is wondering about the NEW Gold Discovery?

First Vanadium Increases Private Placement Up to $1,375,000

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that further to its news releases of May 21, 2019 and June 6, 2019, it has received interest above the previously announced $1,000,000 plus 20% overallotment provision, and accordingly intends to increase the amount to be raised under its non-brokered private placement offering up to $1,375,000, subject to TSXV approval. All other terms of the offering remain as set out in the Company's May 21, 2019 news release.

First Vanadium Corp. (TSX.V: FVAN) (OTCQX®: FVANF) (Frankfurt: 1PY)
2nd ranked mining sector company by 2019 TSX Venture 50™!

June 25, 2019: First Vanadium Increases Private Placement Up to $1,375,000.

February 2019 Maiden Resource: 303M/lb V205 Indicated, 75M/lb V205 Inferred.

Vanadium was one of the top performing metals in 2018; Rising from under under $3/lb to $19/lb USD in 2.5 years.

First Vanadium's Carlin Vanadium Project is located in Nevada, USA.

High Grade Advanced-stage vanadium deposit.

Thickest high-grade vanadium intercept of 73.2m (240ft) grading 0.60% V2O5 at the Carlin Vanadium Project.

Shallow dipping near-surface mineralization amenable to cost-effective open-pit extraction.

Twitter link for First Vanadium
https://twitter.com/FirstVanadium

Perhaps with the recent gold breakout (am just waiting for the DXY 97 level to confirm) we MAY see a pickup in many commodities...!



Palladium has recently also gone nuts



What's been happening to the dollar has been wicked to monitor :




Also Potash like right ?.....
I mean hey man, who knows ?.....Some of these things might begin to take off.





Palladium !....Potash !.....Uranium !.....


COPPER !.....Can things GET any better than THIS ???





Who knows ?......But thank U so much for your dd on these subjects



For example for your FULL coverage of FVAN here....wow




Which is not a bad stock chart itself :

Jay Taylor interviews First Vanadium

First Vanadium Announces First Tranche Closing of Financing – Insiders Participate

Vancouver, British Columbia–(Newsfile Corp. – June 6, 2019) – First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (“First Vanadium” or the “Company”) is pleased to announce that the Company has closed the first tranche (the “First Tranche“) of its non-brokered private placement financing (the “Offering“) previously announced on May 21, 2019. Under the First Tranche, the Company has issued 2,125,500 units at a price of C$0.40 per unit for gross proceeds of C$850,200. Each unit is comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.65 per share. In connection with the First Tranche, the Company paid a finder’s fee of C$2,100 to PI Financial Corp.

Certain directors, officers (the “Insiders“) and close associates of the Company participated in the First Tranche and purchased an aggregate of 898,000 units for aggregate gross proceeds of C$359,200. Participation by Insiders of the Company in the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the private placement by the Insiders did not exceed 25% of the fair market value of the Company’s market capitalization.

All securities issued under the First Tranche are subject to a hold period expiring October 7, 2019, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The second tranche of the Offering for additional proceeds of up to C$349,800 is expected to close on or before June 28, 2019.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced its maiden resource February 27, 2019.

ON BEHALF OF FIRST VANADIUM CORP.

per: “Paul Cowley”
CEO & President
(778) 655-4311
pcowley@firstvanadium.com

Glossary The Mineral Resources and Mineral Reserves

have been classified according to CIM (CIM, 2014). Accordingly, the Resources have been classified as Measured, Indicated or Inferred, the Reserves have been classified as Proven, and Probable based on the Measured and Indicated Resources as defined below.

28.1 Mineral Resources
A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.

An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.

A Measured Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.

28.2 Mineral Reserves
A Mineral Reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified.

The reference point at which Mineral Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported. The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility Study.

A Probable Mineral Reserve is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.

A Proven Mineral Reserve is the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

more -- NI 43-101 Technical Report on the Carlin Vanadium Project

Excerpt from report:


26.1.5 Mineral Resource EstimateThe resources of the Carlin Vanadium Property are classified as Indicated and Inferred based primarily on the average drillhole spacing. All resources supported by drilling with an average spacing of 200 ft or less were classified as Indicated Mineral Resources. Infill drilling in areas with Inferred mineral resources would increase the classification to Indicated and add to the potential Mineral Reserves. When any future resource drilling programs are completed, an updated Mineral Resource Estimate would be required. The current resource is limited to V2O5. If silver and/ or zinc are present in recoverable concentrations, they could add value to the Project. 26.1.6 Mineral Reserve EstimateThe economic inputs to define a Mineral Reserve Estimate would be included in a prefeasibility study. Detailed mineral processing studies were in progress at the time this report was published. Mining methods, infrastructure needs, and other components would be evaluated as part of a prefeasibility study.

NI 43-101 Technical Report on the Carlin Vanadium Project

Excerpt from report:

25.13 Foreseeable Impacts of RisksThe Carlin Vanadium Project has a secure and adequate land position, and the Mineral Resource Estimate has been defined with a combination of recent core and RC drilling and historical drilling. Permitting for additional development was in progress at the time this report was published, as well as metallurgical testing. The main indicators for further development of this Project are positive, and known risks are minimal.

Excerpt from NI 43-101 Technical Report on the Carlin Vanadium Projec

Interpretation and Conclusions

25.1 Property Description and Ownership The Project consists of 182 unpatented mining claims totaling 3096 acres (excluding overlaps and portions of claims outside section limits) and approximately 80 acres of fee simple land through a Mineral Lease Agreement covering a total of 3,177 acres. The Project was explored and drilled byUnion Carbide Corporation (UCC) in the late 1960’s resulting in a defined vanadium historic resource. The claim group is located in north-central Nevada in Elko County, seven air miles south of Carlin. The vanadium deposit is centered about geographical coordinates 40°36’29”N, 116°07’17”W. Elko, with a population of about 20,000, is the largest town in the area.The core 72 claims (BK and Pot claims) are owned by Golden Predator U.S. Holding Corp., a corporation with an address in Idaho. Americas Gold Exploration Inc. (AGEI), a private Nevada corporation acquired a 5-year option June 15, 2017 to acquire 100% of the Carlin Vanadium Project from Golden Predator U.S. Holding Corp. which was assigned to First Vanadium through anAssignment Agreement dated September 22, 2017 and approved by the TSX Venture exchange November 9, 2017. Both Option and Assignment Agreements are in good standing at the time of the report with First Vanadium fulfilling its obligations (payments, work commitments and share issuances) in a timely fashion. First Vanadium can exercise the option and earn 100% interest in these claims by making remaining payments to Golden Predator of US$50,000 by June 2019 and US$1.91 million by June 15, 2022, subject to a 2% NSR in favor of Golden Predator, which could be bought out at the time of option exercise for US$4 million. First Vanadium has fulfilled all of its obligations to AGEI under the Assignment Agreement except requiring to produce a Preliminary Economic Assessment (PEA) on the project by November 9, 2021. First Vanadium recently added 80 acres of mineral rights through a Mineral Lease Agreement from third parties subject to a 5% NRS royalty. First Vanadium has recently added 110 unpatented lode claims adjacent and proximal to the originalproperty in the name of its wholly owned subsidiary Copper One USA, Inc.

https://firstvanadium.com/images/Presentation/2019/abr/Carlin_NI43-101_Tech_Report_20190409.pdf

Positive Vanadium price outlook into 2019

(this is a snippet from full article. Recommend reading it all at)
https://www.proactiveinvestors.com.au/companies/news/212553/vanadium-prices-remain-strong-into-2019-as-further-new-energy-applications-are-developed-212553.html


After a rallying run across 2018, the vanadium price saw a slight decrease at year-end, however this was seen by most analysts as a short-term dip.

Increasing demand in steel alloys and further development of vanadium battery applications, coupled with limited supply until 2022, is expected to sustain higher prices into 2019.

Algar continued: “We’ve seen the price come off and there’s a band between $10-$15 which we think the vanadium price is going to settle into.

Less favorable commentary

When vanadium prices went vertical earlier this year, I warned that the spike was not sustainable. In October, I said:

I’m skeptical that a 30% increase in use in Chinese rebar justifies a 500% increase over recent vanadium price lows. I’d still think this way, even if China were not in an escalating trade conflict with one of its biggest trading partners. With an average price in the [long term] chart near $5/lb., I’d say that $10/lb. would be a reasonable level. But that’s less than half of today’s prices—closer to a third.

I was right. Perhaps someone was listening, because the hot vanadium stocks of a couple months ago began correcting—hard—before the metal itself did. But that has now started as well.

An important point to make here is that if vanadium prices rebound in the immediate future, nothing changes. Vanadium prices have a history of spiking and retreating. The 2008 price peak looks flat at the top at a certain scale, but in fact, vanadium prices fluctuated near the top for some months before heading down for almost 10 years. You can see this in a longer-term chart.

Don’t be fooled. I was right to suspect that the near-term catalyst (the new Chinese rebar standard) was already priced in in advance. If I’m also right about $10/lb. being a good level for vanadium prices to settle at, pure vanadium plays have a very painful few months ahead of them.

On the other hand, I’m bullish on vanadium over the longer term. The metal has an important and potentially very large role to play in the new energy paradigm.

You see, while not (yet) practical for smaller applications like phones, cordless tools, or even cars, vanadium flow batteries are great for storing power on an industrial scale. You can power a town with a vanadium battery installation. This makes solar and wind power more practical for such large-scale applications. They’re relatively cheap too, and last decades.

This could—and I think likely will—become a major new source of demand for many years to come. What I’m less sure of is how quickly that demand will build. It has started, but it’s a slow start, with only a handful of projects announced so far. This market is going to take time to develop.

This is why I haven’t bought any pure play vanadium stocks yet.

Fortunately, vanadium often occurs in nature alongside other metals. Happily, uranium is one of the metals vanadium occurs with—and uranium looks likely to go much higher in 2019. Buying into a uranium play with a vanadium credit means we can gain exposure to possible near-term upside in vanadium if prices rebound, without much risk of harm if vanadium prices plunge instead. We get free upside if vanadium keeps going higher, with no downside if it doesn’t. I like trades with such asymmetrical risk and reward.

As for pure vanadium plays, I’m not a buyer these days. For those interested, the two I interviewed while vanadium was on its way up have much more going for them than just a good story. Here’s the First Vanadium interview, and here’s the Prophecy Development Corp interview. Both are down sharply in recent weeks, and could become bargains again during the final trading days of this year.

However, there’s absolutely no point in trying to catch a falling safe here. Let it smash. Plenty of time to pick over the wreckage then. We should be able top buy valuable, deeply oversold companies at stupid cheap prices when vanadium stabilizes.

https://www.kitco.com/commentaries/2018-12-24/Vanadium-How-to-Profit-from-Falling-Prices.html

Vanadium: The World’s Critical Element Fueling a Major Trade War
Print
Alert

NetworkNewsWire Editorial Coverage: The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC: UBMCF) (CSE: UBM) (FWB: 0UL) (Profile) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX: LGO) (OTC: LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX: PCY) (OTC: PRPCF), Vanadium One Energy Corp. (TSX.V: VONE),and First Vanadium Corp. (TSX.V: FVAN) (OTC: CCCCF), which are eager to serve this growing marketplace.


Critical to Security

The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump's executive order to break America's dependence on foreign minerals.

President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals' (OTC: UBMCF) (CSE: UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased significantly over the last three years.

The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.

Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.

Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a head start in development, thanks to its 3,000-acre land package in Wray Mesa.

In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.

Growing Pressure on Battery Infrastructure

EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.

The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.

Vanadium: Enabling the Energy Storage Revolution

Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don't heat up when in use, and they can be charged and discharged at the same time. Today VRB’s are being developed to work in conjunction with renewable power sources and EV’s.

Unfortunately, there isn't currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.

VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.

According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.

A Head Start in the Race to Vanadium Production

United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.

Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.

With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.

United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.

Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately the price of these vital elements has been exploding.

Others in the Vanadium Space

Prophecy Development Corp. (TSX: PCY) (OTC: PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.

Vanadium One Energy Corp. (TSX.V: VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.

Largo Resources (TSX: LGO) (OTC: LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.

First Vanadium Corp. (TSX.V: FVAN) (OTC: CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.

For more information on UBM, visit United Battery Metals Corp. (CSE: UBM) (OTC: UBMCF) (FWB: 0UL)

Please also read and review and the following article: Why Every Investor Should Learn the Word ‘Vanadium’ Before It’s Too Late

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Vanadium outlook 2019: Higher prices, smaller supply

After spiking to its 13-year high in November, the price of V2O5 flake used in energy storage has come down from roughly US$33 per pound to US$23.90. Ferrovanadium used in steel manufacturing also experienced a price drop and now sits at US$98 per kilogram.

However, insiders see the price decrease as a momentary hiccup, and expect the positive trajectory experienced in 2018 to continue.

“The expectation is that vanadium prices will continue to rise and the development of new mineral properties previously uneconomically viable will grow,” said CellCube’s Neylan. “Companies with high vanadium production costs will have difficulty if prices moderate or decline.”

This positive outlook was reiterated by Moore of Energy Fuels.

“We believe vanadium markets will remain strong in 2019 and 2020,” said Moore. “Today’s market strength is caused by significant production cuts, primarily in China, for environmental, health and safety reasons, along with significant increased demand, primarily due to new rebar standards in China that can only be met through increased use of vanadium.”

While producers remain optimistic that the price growth will stay the course, Roskill gave a more subdued outlook.

In fact, according to Bedder, price growth could negatively impact the VRFB sector.

“Roskill’s baseline forecasts suggest that demand from this sector may plateau for some years until vanadium supply increases and prices retreat,” he said.

While there are a number of vanadium projects at various levels of development around the world, meeting increased demand could prove harder than many anticipate.

“The key question for the market is how will supply increase to meet demand,” added Bedder. “There is only so much more material that can come from co-production in China, especially during a period of environmental inspections and steel industry consolidations.”

“We expect prices to remain high for some time — so it’s the perfect time to finance and develop a project,” he said.

source: https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-outlook/

Casey Research has major reach in the investment newsletter world and they are promoting vanadium redox flow batteries like they are the second coming! Just read through this marketing piece and you'll see what I'm talking about:

This is quite long but worth it if you are in or considering FVANF

https://secure.caseyresearch.com/?cid=MKT402707&eid=MKT404806&step=start&plcid=PLC047123&assetId=AST103469&page=2

Gold Investment News Letter video

Paul Cowley, CEO of First Vanadium Corp. giving a corporate presentation at the Metals Investor Forum January 18-19, 2019
Recent video

First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQB) is one of the better known vanadium companies. Its CEO, Paul Cowley, can be seen in a number of video clips that I linked to at the bottom of the page. Despite being a blue chip name, First Vanadium's market cap is just US$19.5 million. This, for a company that claims to have the highest-grade primary vanadium project in North America, and a plan to fast-track its flagship project in Nevada. To top it all off, management just released a summary of its maiden mineral resource estimate.

The maiden mineral resource estimate came in at 303 million Indicated pounds of V2O5 (vanadium pentoxide) @ 0.615% & 75 million Inferred pounds of V2O5 @ 0.52%. That represents a moderate increase in size and grade from the historical resource estimate of 289 million Inferred pounds of V2O5 @ 0.515%. Importantly, 80% of the new resource (in pounds of V2O5) is in the Indicated category. At the current vanadium pentoxide price of US$17.60/lb., the in-situ value of First Vanadium's 303 million Indicated pounds of V2O5 alone = US$ 5.33 billion. That's about 275x its market cap. Note: in-situ values can be misleading for early-stage projects, but they can be compared to peers at similar stage.

Is vanadium for real? Will Vanadium Redox Flow Batteries cause demand and prices of vanadium pentoxide (V2O5) to soar? Will global infrastructure projects demand greatly increased amounts of vanadium-strengthened steel rebar? Please continue reading for answers to these and many other important questions.

Note: Peter Epstein and Epstein Research have no prior or existing relationship with CEO Paul Cowley or First Vanadium.

https://www.streetwisereports.com/article/2019/02/28/first-vanadium-a-high-grade-primary-vanadium-project-in-the-us.html

Why Vanadium

A Highly Sought, Strategic Mineral Critical to Industries Ranging from Steel to Utility Scale Battery Storage Technology

The Mineral of Choice for Next Generation Battery Storage Technology and Renewable Energy Applications


Vanadium's Advantages:

Used in Steel Manufacturing to Add Strength and Corrosion Resistance

One Third the Cost of Lithium Energy Storage and Batteries
Can Rapidly Release Large Amounts of Electricity

Great for Industrial Applications, Highly Scalable for Manufacturing

Vanadium Electrolyte is Reusable, Recyclable, and has a Battery Lifespan of 25+ Years

Non Flammable and Extremely Safe

Used in Power Grids to Substantially Improve Power Management

First Vanadium More than Doubles the Size of Its Carlin Vanadium Property in Nevada

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (formerly Cornerstone Metals Inc.) (“First Vanadium” or the “Company”) is pleased to announce that it has more than doubled the size of its Carlin Vanadium Property from 1,331 acres to 3,177 acres. The Company has staked and filed with the Bureau of Land Management (BLM) 1,846 acres of unpatented lode claims over Federal lands adjacent to and proximal to the original core claims. The new claims provide the Company with a larger working area around the Carlin Vanadium deposit.

Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 90% of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 5% of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.