Phenom Resources Gains from MK Plus’ $50M Battery Boost

Phenom Resources Corp (TSE:PHNM) has released an update.

Phenom Resources Corp, which holds a 5% equity stake in MK Plus Co., Ltd., announces a significant funding achievement for MK Plus, which has secured $50 million to develop a pilot plant for its innovative vanadium solid-state batteries in Japan. This funding milestone promises to advance MK Plus’s global ambitions and potentially disrupt the stationary and electric vehicle battery markets with its fast-charging, cost-effective technology. Phenom’s shareholders are expected to benefit as MK Plus grows and succeeds in this burgeoning sector.

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