Phenom Progressing on New U.S. Federal Grant Applications
Phenom Progressing on New U.S. Federal Grant Applications
October 17 , 2023 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX ®:
PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to provide an update on its work towards U.S.
Federal grant application submissions. Currently, the Company is preparing two su bmissions to the
Department of Energy (DOE) and its Office of Fossil Energy and Carbon Management (FECM) addressing
priorities in the B ipartisan Infrastruct ure Law (B IL) regarding Critical Material Innovation, Efficiency, and
Alternatives with the research, development, and demonstration program . DOE’s FECM intends to fund high
impact applied RD&D bench and pilot scale projects with this funding opportunity.
The Company’s submission drafts for the Carlin Vanadium Project are in their advanced stage of completion.
The Company plans to complete by the end of the month and submit before the deadline of Nove mber 10,
2023. These submissions are directed to support prefeasibility and feasibility studies for the Carlin Vanadium
Project.
The Company will be monitoring for additional funding opportunity announcements that would apply to the
Carlin Vanadium Project, including the notice of a second round of funding of approximately $3.5 billion to be
made available for battery materials processing and battery manufacturing grants.
In other news, drilling is progressing at Carlin with the 2,000’ RC hole RC23-17.
About Phenom Resources Corp.
Phenom has 100% interest in the Carlin Gold-Vanadium Project, located in Elko County , 6 miles south from
the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest
highest grade primary vanadium resource. The Project lies in the Carlin Gold Trend. Approximately 9 million
ounces comprised of multiple gold deposits, including past producing mines, are pre sent near the Phenom
property (5-15km).
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected] www.phenomresources.com
Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as
defined by National Instrument 43-101, and President, CEO and director of the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements in this news release constitute "forward -looking" statements. These statements relate to future events or the
Company's future performance . All such statements involve substantial known and unknown risks, uncertainties and other factors
which may cause the actual results to vary from those expressed or implied by such forward -looking statements. Forward -looking
statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and
they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could diffe r materially
from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release
are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the
Company cannot assure investors that actual results will be consistent with these forward -looking statements. The forward -looking
statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligati on to
update or revis e any forward -looking statements whether as a result of new information, future events or otherwise, except as
required under applicable securities regulations.