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Phenom Resources is a junior vanadium and gold explorer advancing the Carlin Vanadium Gold project in Elko County, Nevada – one of the best mining jurisdictions in the world. The project hosts the continent’s largest, highest-grade primary source of vanadium. Vanadium is a strategic metal that has become increasingly important for the steel manufacturing industry and for battery storage technologies, and the company can be expected to provide investors with substantial leverage to a rising vanadium market. After releasing a positive PEA on the vanadium resource last year, the company has been actively drilling a highly prospective Carlin-style gold target under the vanadium resource. The presence of both vanadium and gold, two very different metals with uncorrelated markets, provides the company with significant optionality.
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