Phenom Resources Corp. Completes First Tranche of Private Placement to Secure $1.6 Million

Phenom Resources Corp ( (TSE:PHNM) ) just unveiled an update.

Phenom Resources Corp. has successfully completed the first tranche of a non-brokered private placement financing, raising gross proceeds of $1,619,500 through the issuance of 6,478,000 units at $0.25 per unit. This financing move is part of the company’s strategy to strengthen its financial position and support its operational goals in the resource sector. The securities issued are subject to a hold period until June 14, 2025, and a second tranche is expected to close by February 26, 2026. The announcement reflects Phenom’s proactive approach to securing capital for future growth and operational stability.

More about Phenom Resources Corp

Phenom Resources Corp. is a company involved in the resource industry, operating primarily in the exploration and development of mineral properties. The company focuses on advancing its projects to capitalize on potential resource opportunities, aiming to enhance its market position and deliver value to stakeholders.

YTD Price Performance: -12.90%

Average Trading Volume: 80,212

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$28.38M

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