Phenom Resources Submits Larger U.S. Federal Grant Application

Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to report that following its announcement on January 15, 2024, regarding the submission of a Concept Paper to the Department of Energy (“DOE”) to initially qualify for a larger U.S. Federal grant application on its Carlin Vanadium Project, Phenom has received a letter from the DOE stating the Concept Paper was carefully reviewed and DOE expressed encouragement for the Company to submit a full application. In response, Phenom has submitted its full application for a US$300 million grant.

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