Phenom Resources Corp (TSE:PHNM) has released an update.
Phenom Resources Corp., engaged in the Carlin Gold-Vanadium Project in Nevada, has advanced its pursuit of a significant U.S. Federal grant by submitting a full application for a $300 million grant after receiving positive feedback on its Concept Paper from the Department of Energy. This grant is aimed at supporting the construction of a processing plant for battery critical minerals, excluding lithium, as part of a broader DOE initiative to fund battery material processing. The company, which is also awaiting the DOE’s review on a separate earlier-stage grant for metallurgical testing, is poised to capitalize on North America’s largest and highest-grade primary vanadium resource.
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