Phenom Resources Corp.

Phenom Resources Corp., formerly First Vanadium Corp., has pivoted to its gold opportunity on the Carlin Vanadium-Gold Project located 6 miles south from the town of Carlin, Nevada, on the Carlin Gold Trend. From the company's first hole announced in early November 2020 in the gold target, it has identified an exciting large-scale Carlin-type gold system, led by renowned mine finder, Dave Mathewson. Vector drilling is now underway. The same property also hosts North America's largest primary vanadium resource.

Expert Comments:

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Timothy Lee, Red Cloud Securities

"Phenom Resources Corp. recently acquired an option to earn a 100% interest in the Smoke gold property, located in the Independence-Eureka Au trend in Nevada. . .the company plans to begin drilling the newly optioned property shortly, with five to seven reverse circulation holes totaling about 1,100m."

A Red Cloud Securities report notes that "Phenom Resources is uniquely positioned to attract investors longing to ride the wave of a growing vanadium market, along with those seeking a potential new gold discovery."
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Timothy Lee, Red Cloud Securities

"We are initiating coverage of Phenom Resources Corp. (formerly First Vanadium Corp.) with a Buy rating and a CA$1/share target price. The company is primarily focused on its Carlin project in Nevada, which hosts a vanadium resource above a buried Carlin-type gold exploration target. . .In our view, Phenom presents the opportunity to get in early on a promising exploration target in the Carlin gold trend, while benefitting from the potential for a rising vanadium market."

Clive Maund,

"We got the reaction back that we were half expecting in the update on First Vanadium Corp. posted on the site on May 25, 2021, and this looks like another 'Buy spot' here. So we stay long, and this is believed to be a good point to add to positions or make fresh purchases. . .the company has successfully raised money and has a lot of drilling coming up."

Clive Maund,

"First Vanadium Corp. can get a lot more overbought than it is at present. . .having not long broken out of a fine large base pattern, the company has a lot more upside potential from here, especially given the increasingly favorable outlook for gold. . .whilst more aggressive traders might consider selling some here and buying back on a dip, a better strategy is thought to be to stay long and add to positions on any near-term dips should they occur."

More Expert Comments

Experts Following This Company

Timothy Lee, Mining Analyst – Red Cloud Securities
Clive Maund –

Company News 

11/23/2021 – Phenom Resources Provides Drill Progress on Its Flagship Nevada Project

11/16/2021 – Phenom Receives Exchange Acceptance of SMOKE Property Option Agreement, in Independence - Eureka Gold Trend, Nevada

10/28/2021 – Phenom Options Smoke Property from Mathewson in Independence - Eureka Gold Trend, Nevada

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Gold and Vanadium within Carlin Gold Trend – one of the world’s most desirable and prolific gold mining trends, >100 million ounces produced
Large-scale Carlin-type gold system below the large vanadium resource; Drilling in progress
Gold system identified and drilling spearheaded by renowned Nevada gold specialist and proven mine finder, Dave Mathewson
catalyst Calendar
Further aggressive drilling is anticipated in 2021