August 18, 2026 – Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF) (FSE: 1PY0) announced completion of final payments and work expenditures to exercise its option acquiring a 100% interest in the Dobbin property in central Nevada.
The Dobbin Project sits on the southern extension of the Independent-Eureka gold trend and exhibits characteristics of a Carlin-type gold system currently under drilling exploration.
Paul Cowley, President and CEO, stated: “Diamond drilling is progressing well at Dobbin, facilitated by funds invested by SSR in late June to acquire 9.9% interest in the Company.” First assay results are anticipated in September.
Under a Framework Agreement with SSR Mining Inc., SSR holds the right to acquire a 15% interest in Dobbin for US$4,000,000. Phenom exercised its option through agreements dated September 4, 2023, and amended January 11, 2024, paying US$150,000 in cash and expending US$2,000,000 in exploration. The owner retains a 3% NSR royalty, with Phenom holding a buyback right for 1% at US$1,000,000.
This is a summary. Read the complete news release, including the Qualified Person statement and forward-looking information, on phenomresources.com. Full text to be migrated via WordPress import.