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Phenom Resources Applies for $300 Million DOE Grant for Carlin Vanadium Project

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) announces it has applied for a substantial $300 million U.S. Federal grant to advance its Carlin Vanadium Project, following positive feedback on its initial concept paper from the Department of Energy (DOE).

DOE Encourages Full Application Submission

Phenom has taken a significant step towards funding its Carlin Vanadium Project by submitting a full grant application to the DOE. This move comes after the DOE encouraged the company to proceed based on their initial review of Phenom’s concept paper.

Grant to Support Critical Mineral Processing

The $300 million grant targets the advancement of Commercial-scale Separation, Processing, and Recovery of Battery Critical Minerals, addressing the construction needs of the Carlin Vanadium Project Processing Plant.

Additional DOE Grant Application

In related news, Phenom also applied for a separate DOE grant aimed at supporting the project’s early-stage metallurgical testing and development, moving it closer to a Prefeasibility study.

Phenom Resources holds a 100% interest in the Carlin Gold-Vanadium Project, located near the town of Carlin, Nevada. This project stands out as North America’s largest, highest-grade primary vanadium resource, situated within the prolific Carlin Gold Trend.

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