Phenom Resources Engages Cassidy & Associates to Guide in U.S. Federal Funding Opportunities to Advance Vanadium Project
Phenom Resources Engages Cassidy & Associates to Guide in U.S. Federal
Funding Opportunities to Advance Vanadium Project
April 5, 2022 – Elko, Nevada - Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF) (FSE: 1PY0) (“Phenom”
or the “ Company”) (formerly First Vanadium Corp) is pleased to announce that it has engaged Cassidy &
Associates, Inc. (Cassidy) based in Washington, DC to help identify and determine U.S. federal funding opportunities
to foster additional support and resources for the Company’s vanadium project.
“The Biden Administration has made clear its strong commitment to securing domestic critical mineral supply
chains by invoking the Defense Production Act for battery materials and making historic investments in the billions
for battery materials processing through the recently passed Infrastructure Investment and Jobs Act, among other
laws.” said Paul Cowley, Company President & CEO , “Through this partnership with Cassidy, we hope to identify
pathways to garner federal support and funding resources for our project, which would diversify Nevada’s critical
minerals portfolio and deliver high grade U.S. vanadium to help meet increased infrastructure and clean energy
demands, as well as improve national security.”
Over the past year, the U.S. has demonstrated its commitment to securing a robust domestic critical minerals supply
chain to support needed infrastructure improvements, a growing clean energy economy, and enhanced national
security. Phenom stands to benefit from this renewed focus as the company with North America’s largest highest-
grade primary vanadium deposit.
Vanadium, deemed a critical mineral in the U.S., has a vital role to play in strengthening the steel used i n
infrastructure projects and providing a superior alternative to the lithium battery used in energy storage .
Additionally, boosting domestic production of the metal will reduce reliance on resources from China and Russia,
which currently produce approximately 75% of the world’s vanadium.
In working with Cassidy, the Company will identify and evaluate a range of opportunities to engage with key federal
decision makers on issues related to domestic critical minerals supply chains.
Background on Cassidy
Founded in 1975, Cassidy is a leading bipartisan government relations firm with particular expertise in responsible
mineral resource development, clean energy innovation, and public lands conservation. Their exceptional team of
Washington’s brightest professionals create and execute strategies that achieve their clients’ goals and protect
their interests, regardless of the political environment.
About Phenom Resources Corp.
Phenom (formerly First Vanadium Corp.) has an option to earn a 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. The project lie in the
southern parts of C arlin Gold Trend. The Carlin Gold-Vanadium Project also hosts the Carlin Vanadium deposit.
Phenom also has an option from Dave Mathewson to earn 100% in the SMOKE gold Property located in the
Independence-Eureka trend of Nevada.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
(604) 340-7711 [email protected] www.phenomresources.com
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 and include the Company’s ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required
to exercise in full its option to acquire the Carlin Vanadium project, and to finance and drill test the interpreted gold target . 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 o f 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.