Mr. Paul Cowley reports

PHENOM FILES U.S. PROVISIONAL APPLICATION TO PROTECT NEW VANADIUM-NICKEL FLOWSHEET

Phenom Resources Corp. has submitted a U.S. provisional application with the U.S. Patent Office to protect the intellectual property of the metallurgical flowsheet it has developed for the high-grade vanadium-nickel opportunity (identified project) reported on Dec. 19, 2024.

The company's metallurgical advisory team headed by Dr. David Dreisinger and Jodi Esplin has successfully developed a metallurgical flowsheet through extensive testwork at SGS Canada and by hydrometallurgical processing methods to achieve approximately 80-per-cent recovery of vanadium and 75-per-cent recovery of nickel through from a high-grade offshore source.

Phenom is also seeking to attract a strategic partner to finance and operate the identified project, with Phenom retaining part ownership through the utilization of its recovery processes. The company anticipates that the identified project would be a long-term operating processing plant that would process high-grade vanadium and nickel feed to generate high-purity product at a profit at current prices and be a mid-stream contributor to the expanding U.S. electric vehicle and large-capacity battery markets.

With the heightened narrative by the Trump administration on securing critical minerals, the company is also endeavouring to attract U.S. government funds to advance and support the project. The participation of Paul Cowley, company president and chief executive officer, and Dr. David Dreisinger, company metallurgical adviser, as panelists in the two-day Strategic Resources in Competition Conference hosted by the Irregular Warfare Initiative (IWI) and the Special Operations Association of America (SOAA) in Reston, Va., which concluded yesterday was part of those efforts to spotlight the project to policy-makers and legislators on Capital Hill. Video capture of the conference will be made available in the coming days on the company website.

About Phenom Resources Corp.

Phenom has 100-per-cent interest in the Carlin gold-vanadium project, located six miles south from the town of Carlin, Nev., and Highway I-80 in Elko county, which hosts the Carlin vanadium deposit, North America's largest highest-grade primary vanadium resource and 100-per-cent interest in the Crescent Valley project. The company has options on two gold projects in Nevada -- the Dobbin and King Solomon properties, which are Carlin gold-type targets.

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