Phenom Resources Corp V.PHNM

Phenom approached by three vanadium battery manufacturers

[gMoney1]

https://phenomresources.com/index.php/news/2023/617-henomrovideselevantewevelopmentsintheanadium20230221

Paul Cowley, Company President & CEO continues, "To add to that, we have been approached by three vanadium battery manufacturers in the last three weeks seeking off-take agreements with us for the vanadium from our Carlin Vanadium Project. We will consider relationships that benefit the Company at the appropriate time, but the key takeaways are that these companies already foresee a raw materials gap in the domestic battery supply chain for large capacity batteries and to lower their risks, they are going to the source to secure critical mineral supply. This is also currently happening in the EV space where automotive and EV battery companies are establishing relationships with mining companies to secure their key raw materials."

[damapik]

this Vanadium project with the processing by pressure oxidation leaching (autoclave)  carries  enormous financing ( Capex > $500 mln) , permitting and technological risks. That kind of processing hasn't proved its feasibility. There aren't any commercial cases with vanadium extraction. There is a better vanadium  project in neighborhood with  Nevada permit