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Phenom Resources Corp ( (TSE:PHNM) ) has issued an announcement.
Phenom Resources Corp. has announced a non-brokered private placement financing aiming to raise up to $704,000 through the issuance of 4,400,000 units priced at $0.16 each. The funds are intended for exploration programs and general working capital, with the offering subject to regulatory approvals, including from the TSX Venture Exchange. This move could enhance Phenom’s financial flexibility for its exploration activities and potentially strengthen its position in the mineral resources sector.
More about Phenom Resources Corp
Phenom Resources Corp. is engaged in the exploration and development of mineral resources, with a 100% interest in the Carlin Gold-Vanadium Project in Nevada, which hosts North America’s largest high-grade primary vanadium resource. The company also holds options on three gold projects in Nevada, targeting Carlin Gold-type and Bonanza high-grade gold vein-type deposits.
Average Trading Volume: 63,775
Technical Sentiment Signal: Sell
Current Market Cap: C$22.64M
For detailed information about PHNM stock, go to TipRanks’ Stock Analysis page.