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The latest announcement is out from Phenom Resources Corp ( (TSE:PHNM) ).
Phenom Resources Corp. announced that the U.S. Department of Energy plans to issue grant funding opportunities totaling nearly $1 billion to advance mining, processing, and manufacturing technologies in the critical minerals and materials supply chains. Phenom’s two vanadium projects, the High-grade Vanadium-Nickel Processing Project and the Carlin Vanadium Project, align with three of the five areas mentioned in the DOE’s announcement. This funding could significantly impact Phenom’s operations by accelerating the growth of the U.S. critical minerals sector, potentially benefiting stakeholders by enhancing domestic commercialization and production capabilities.
More about Phenom Resources Corp
Phenom Resources Corp. is a company with a 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, Nevada. The project is situated in the Carlin Gold Trend and hosts the largest highest grade primary vanadium deposit in North America.
Average Trading Volume: 53,778
Technical Sentiment Signal: Sell
Current Market Cap: C$23.21M
Learn more about PHNM stock on TipRanks’ Stock Analysis page.