Phenom Reports Commercialization Progress at MK Plus’s New Swedish Base
Phenom Reports Commercialization Progress at MK Plus’s New Swedish Base
August 13, 2026 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF)
(FSE: 1PY 0) ( “Phenom” or the “ Company”) is pleased to provide shareholders with a further update on the
commercialization progress of MK Plus Co., Ltd. (“MK Plus”), the private Japanese battery company developing
next-generation Vanadium Solid-State Battery (“VSB”) technology, in which Phenom holds a 5% equity interest.
As previously report on April 20, 2026, MK Plus had secured a modern battery manufacturing plant in Sweden, a
Swedish work force, and orders for the commercialization of its battery. Since then, MK Plus has added +10
interested customers in Europe and the Middle East by targeting utilities, renewable energy developers, industrial
customers and infrastructure partners seeking safer and more sustainable alternatives to conventional battery
systems. MK Plus believes increasing demand for grid -scale energy stor age, combined with growing concerns
regarding battery safety, continues to strengthen the commercial opportunity for its Vanadium Solid-State Battery
platform.
In addition, a significant milestone was recently achieved through the announcement that MK Plus Sweden AB
has been awarded nearly SEK 120 million (US$12 million) by the Swedish Energy Agency to jointly finance the
continued industrialization of advanced b attery manufacturing in Sweden. The funds support the continued
development, scale-up and industrial implementation its Vanadium Solid -State Battery technologies and further
strengthens the MK Plus’s manufacturing platform established through the 2025 acqu isition of an advanced
battery manufacturing facility in Sweden. The Swedish project is being carried out in collaboration with RISE
Research Institutes of Sweden and Swedish equipment suppliers, supporting further development of a domestic
battery ecosystem while strengthening Sweden’s and Europe’s industrial battery value chain.
Other financings have been secured recently that will allow for the retooling of the Swedish plant for the MK Plus
battery commercial line. The plant retooling is at an advanced stage and once completed, this will pave the way
to deliver the first round of batteries this fall to the Austria State government of Burgenland, Agelus/Aramco,
Saudia Arabia, and other European customers.
Today, MK Plus is evolving beyond a battery technology developer into an international battery manufacturing
and commercialization company. Operating under the Vanadis Energy brand, MK Plus is establishing its European
industrial base in Sweden while expanding its commercial footprint across Europe, North America and the Middle
East. Through strategic manufacturing, research and commercial partnerships, Vanadis Energy is positioning itself
to address the rapidly growing global demand for safe, long-life stationary energy storage solutions.
Phenom will continue to provide shareholders with updates as MK Plus progresses through the next stages of
commercial production, customer deployment and international expansion.
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 within the prolific Carlin Gold Trend. Approximately 9 million
ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom
2
property (5-15km). The Company has earned a 100% interest in the Crescent Valley Property, which has a Bonanza
high grade gold vein -type and a critical metals IOCG -type target. The Company has o ptions on two other gold
projects in Nevada, the Dobbin and King Solomon Properties which are Carlin Gold-type targets.
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, 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, a nd they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ
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 obligation to update or revise any forward -looking statements whether as a result of new information, future events or
otherwise, except as required under applicable securities regulations.