Phenom Receives Dobbin Drill Permit from the US Forest Service
Phenom secures a permit to drill the flagship Dobbin target in Nevada, backed by SSR Mining.
Phenom Resources Corp. received a Plan of Operation permit from the US Forest Service on July 6, 2026, authorizing drilling and trenching at its Dobbin property in Nevada. The permit allows for up to 26 core holes across 13 drill sites and 12 mechanical trenches totaling 5,291 feet.
Exploration will target an 800-meter segment of a 2.1 km long, 200-meter wide gold soil anomaly, interpreted as a significant, undrilled Carlin-style gold system. Soil values in the anomaly range from 0.1 g/t Au to 2.73 g/t Au, hosted in Roberts Mountains Formation carbonates.
Management has notified contractors to mobilize equipment, with the geological team already on-site for the summer program. CEO Paul Cowley highlighted the permit as the culmination of shareholder patience and a validation of the project's high-profile, virgin exploration potential.
Phenom Resources Corp. (PHNM) received permit approval, a direct execution step following the June 1 and June 29, 2026 announcements regarding the $5.41 million financing and strategic joint venture framework with SSR Mining Inc. The approval confirms management's ability to navigate US Forest Service permitting, a known bottleneck for Nevada exploration companies, and aligns with the previously communicated summer exploration timeline.
The news is incremental and expected given the strategic backing from SSR Mining, a major US gold producer. It does not introduce new financial terms or alter the JV structure but materially de-risks the near-term exploration phase. No new financial statements or guidance were provided in this release. The impact is operational and sentiment-driven, reinforcing the thesis that Dobbin will transition from permitting to active drilling in Q3 2026.
Phenom Resources Corp. is a Nevada-based exploration and development company focused on gold and critical metals, including vanadium and rare earth elements. The company aims to eventually split its assets into two standalone entities: a gold company and a vanadium/energy storage company.
The firm’s flagship asset is the Dobbin Gold Project, a Carlin-type gold system featuring a 2.1 km x 200 m soil anomaly with values up to 2.73 g/t Au. Previously explored by Newmont in the 1980s, the project remains largely undrilled. Other assets include Crescent Valley, a Bonanza-type epithermal gold and IOCG/reare earth deposit; King Solomon, a Carlin-type property with historic antimony/silver mineralization; and South Carlin, a large regional gold system.
In the vanadium sector, the company holds North America's largest high-grade primary vanadium resource and maintains a 5% equity stake in MK Plus, a Japanese solid-state vanadium battery developer.