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Phenom Resources Corp ( (TSE:PHNM) ) has shared an update.
Phenom Resources Corp. has announced the discovery of a significant near-surface rare earth element and critical metals deposit on its Crescent Valley property in Nevada, characterized as an Iron Oxide Copper Gold–type breccia body enriched in rubidium, hafnium, scandium, neodymium and other U.S.-listed critical metals. Early geophysical and drilling data suggest substantial dimensions and continuity of mineralization, prompting the company to more than quadruple its land position at the site and indicating potentially high in-situ rock values that could materially enhance Phenom’s critical metals portfolio and strategic relevance in North American supply chains as further exploration refines the deposit’s size and economics.
The most recent analyst rating on (TSE:PHNM) stock is a Hold with a C$0.25 price target. To see the full list of analyst forecasts on Phenom Resources Corp stock, see the TSE:PHNM Stock Forecast page.
Spark’s Take on TSE:PHNM Stock
According to Spark, TipRanks’ AI Analyst, TSE:PHNM is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative cash flow) despite a strong, low-debt balance sheet. Technicals are moderately supportive with improving trend signals, while valuation is pressured by loss-making metrics and the absence of dividend support.
To see Spark’s full report on TSE:PHNM stock, click here.
More about Phenom Resources Corp
Phenom Resources Corp. is a mineral exploration company focused on discovering and advancing critical metals and rare earth element deposits, with a particular emphasis on assets in Nevada. Its portfolio includes the Carlin Vanadium resource and now a newly identified rare earth and critical metals occurrence at Crescent Valley, positioning the company within strategic supply chains tied to the U.S. economy and national security.
Average Trading Volume: 72,614
Technical Sentiment Signal: Sell
Current Market Cap: C$25.87M
Find detailed analytics on PHNM stock on TipRanks’ Stock Analysis page.