• Phenom Resources (PHNM) has closed the first tranche of its private placement for gross proceeds of $1,227,100.20
  • The company issued 4,090,334 units
  • The gross proceeds will be used for work programs on the company’s exploration properties and general working capital
  • Phenom Resources Corp. (PHNM) is up 1.49 per cent, trading at C$0.34 per share at 3 pm ET

Phenom Resources (PHNM) has closed the first tranche of its non-brokered private placement for gross proceeds of $1,227,100.20.

The company issued 4,090,334 units.

The gross proceeds will be used for work programs on the company’s exploration properties and general working capital.

All securities issued will be subject to a statutory four-month hold period.

Phenom Resources is engaged in exploring gold, copper, and vanadium on its properties.

Phenom Resources Corp. (PHNM) is up 1.49 per cent, trading at C$0.34 per share at 3 pm ET.

More From The Market Online

Copper mining giant reports rising profit, maintains 2026 outlook

Freeport (NYSE:FCX) reported second-quarter 2026 net income of US$984 million (US$0.68 per share) and adjusted net income of US$1.1 billion.

Ottawa greenlights one of the world’s largest nickel mines

Canada Nickel Company (TSXV:CNC) receives federal approval for its Crawford nickel project in Ontario, one of the largest in the world.

Buzz on the Bullboards: Contracts, cashflows, and delistings

Uncertainty around Iran has weighed on sentiment, reminding investors that even strong stories can be overshadowed by geopolitical risk.

Super Copper discovers kilometre-scale targets in Chile

Junior mining company Super Copper (CSE:CUPR) identifies multiple kilometre-scale anomalies at its Castilla project in Chile.