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Phenom Resources Corp ( (TSE:PHNM) ) has issued an update.
Phenom Resources Corp. has reported historic high-grade antimony mining at its King Solomon Gold Project, a significant Carlin-type gold target. The project, originally mined for antimony and silver, is gaining attention due to antimony’s status as a critical metal in the US, potentially influencing regulatory permitting priorities. Historic samples from the site showed high antimony and silver content, and while antimony was not a primary focus in past explorations, Phenom plans to include it alongside gold and silver in future analyses. This development may enhance the project’s strategic importance and attract further interest from stakeholders.
More about Phenom Resources Corp
Phenom Resources Corp. is engaged in the exploration and development of mineral resources, primarily focusing on gold and vanadium projects. The company holds a 100% interest in the Carlin Gold-Vanadium Project, which includes North America’s largest high-grade primary vanadium resource. Additionally, Phenom is involved in the Dobbin and King Solomon Gold Projects, with drill permit applications in progress.
YTD Price Performance: 3.23%
Average Trading Volume: 70,704
Technical Sentiment Signal: Buy
Current Market Cap: C$36.18M
See more insights into PHNM stock on TipRanks’ Stock Analysis page.