June 29, 2026 – Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM; FSE: 1PY0) closed a non-brokered private placement of 13,529,340 common shares at CAD$0.40 per share for gross proceeds of CAD$5,411,736. An affiliate of SSR Mining Inc. was the sole investor, acquiring approximately 9.9% of Phenom’s outstanding shares on an undiluted basis.
Proceeds will fund US$1.3 million toward remaining payment and work commitments to earn a 100% interest in the Dobbin Project, US$2.5 million for general working capital, with the balance allocated to Dobbin-related purposes. SSR has agreed to a one-year voluntary disposition restriction. Concurrently, Phenom and SSR executed an Investor Rights Agreement granting SSR participation and top-up rights between 4.9% and 19.9% ownership, plus a two-year standstill.
Paul Cowley, CEO & President: “For the third largest gold producer in America to back the Company… even before a single drill there, in my view is exceptional.”
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.