Mining
Thursday, December 14th, 2023 2:57 pm EDT
Key Points
- Successful U.S. Federal Grant Application: Phenom Resources Corp. has successfully submitted a U.S. Federal grant application to the Department of Energy (DOE) and its Office of Fossil Energy and Carbon Management (FECM). The application addresses priorities outlined in the Bipartisan Infrastructure Law (BIL) related to Critical Material Innovation, Efficiency, and Alternatives. The focus of the application is on supporting prefeasibility level metallurgical studies for the Carlin Vanadium Project. The DOE’s FECM intends to fund high-impact applied RD&D bench and pilot-scale projects through this funding opportunity, and the expected date for selection notifications is May 2024.
- Second Round of Funding for Carlin Vanadium Project: Phenom Resources Corp. plans to prepare a larger funding opportunity application for the Carlin Vanadium Project as part of the second round of funding, which amounts to approximately $3.5 billion. This funding is specifically allocated for battery materials processing and battery manufacturing grants. The funding opportunity falls under the Bipartisan Infrastructure Law (BIL) Battery Materials Processing and Battery Manufacturing Grants, released by the DOE’s Office of Manufacturing and Energy Supply Chains (MESC). The mission of MESC is to strengthen and secure manufacturing and energy supply chains to support a clean and equitable energy transition. The deadlines for concept paper submission and full application submission are January 9, 2024, and March 19, 2024, respectively. The expected date for DOE selection notifications is August 2024.
- Overview of Phenom Resources Corp.: Phenom Resources Corp. holds a 100% interest in the Carlin Gold-Vanadium Project, situated in Elko County, Nevada. The Carlin Vanadium deposit within the project is highlighted as North America’s largest highest-grade primary vanadium resource. The company aims to conduct prefeasibility level metallurgical studies for the Carlin Vanadium Project, and the proximity of the project to the Carlin Gold Trend, which hosts approximately 9 million ounces of gold in multiple deposits, is emphasized. The provided contact information includes details for Paul Cowley, the CEO & President of Phenom Resources Corp.
Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) (“Phenom” or the “Company”) is pleased to announce that is has successfully submitted a U.S. Federal grant application to the Department of Energy (DOE) and its Office of Fossil Energy and Carbon Management (FECM) addressing priorities in the Bipartisan Infrastructure Law (BIL) regarding Critical Material Innovation, Efficiency, and Alternatives. DOE’s FECM intends to fund high impact applied RD&D bench and pilot scale projects with this funding opportunity. The Company’s application is directed to support prefeasibility level metallurgical studies for the Carlin Vanadium Project. DOE’s expected date for selection notifications is May 2024.
The Company also reports that it will prepare a larger funding opportunity application for the Carlin Vanadium Project, as part of the second round of funding of approximately $3.5 billion to be made available for battery materials processing and battery manufacturing grants. DOE’s Office of Manufacturing and Energy Supply Chains (MESC) is releasing this Funding Opportunity Announcement (FOA) entitled “Bipartisan Infrastructure Law (BIL) Battery Materials Processing and Battery Manufacturing Grants.” The mission of MESC is to strengthen and secure manufacturing and energy supply chains needed to modernize the nation’s energy infrastructure and support a clean and equitable energy transition. Concept Paper Submission Deadline is January 9, 2024, Full Application Submission Deadline is March 19, 2024, and Expected Date for DOE Selection Notifications is August 2024.
About Phenom Resources Corp.
Phenom has 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 which hosts the Carlin Vanadium deposit, North America’s largest highest grade primary vanadium resource. The Project lies in the Carlin Gold Trend. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the Phenom property (5-15km).
ON BEHALF OF PHENOM RESOURCES CORP.
per: “Paul Cowley”
CEO & President
(604) 340-7711
pcowley@phenomresources.comwww.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.
