• TSX.V: PHNM :
  • OTCQX®: PHNMF
  • Frankfurt: 1PY0 :

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Vancouver, British Columbia--(Newsfile Corp. - November 10, 2022) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") announces further to its October 3, 2022 and October 21, 2022 news releases, it has now completed the second and final tranche (the "Second Tranche") of its over-subscribed non-brokered private placement (the "Offering"). Under the Second Tranche, the Company has issued 2,006,666 units for gross proceeds of $601,999.80. In connection with the Second Tranche, the Company paid a total of $8,700 as finder's fees. All securities issued under the Second Tranche are subject to a hold period expiring March 11, 2023, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Together with the first tranche closing announced October 21, 2022, the Company has now raised a total of $1,829,100.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

About Phenom Resources Corp.
Phenom (formerly First Vanadium Corp.) has a 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. The property lies in the southern parts of Carlin Gold Trend. The Carlin Gold-Vanadium Project also hosts the Carlin Vanadium deposit.

ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
(604) 340-7711 This email address is being protected from spambots. You need JavaScript enabled to view it. www.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.

Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability complete the proposed non-brokered private placement financing on the terms as described above. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143762

Phenom (as First Vanadium Corp.) was recognized as a Venture 50 company in 2019.
The Venture 50 logo is a trademark of TSX Inc. and is used under license.