Phenom Discovers Rare Earth and Critical Metals Deposit at Crescent Valley, Nevada
Original announcement by tmx on
- Company
- Phenom Resources Corp.
- Ticker
- PHNM
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Rubidium
- Secondary commodities
- Hafnium, Scandium, Neodymium
- Document categories
- Drill results
- Extracted
- 2026-09-12 18:56:52 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Phenom Resources Corp. has announced the discovery of a Rare Earth Element (REE) and Critical Metals deposit at its Crescent Valley Property in Nevada. The deposit is characterized as an IOCG-type with significant near-surface intercepts of rubidium, hafnium, scandium, and neodymium.
Reasoning: Discovery of a new critical metals/REE deposit with significant near-surface grades and high economic value per tonne.
Positive factors
- significant discovery of critical metals
- near-surface mineralization
- reproducible elevated values
- IOCG deposit type with high tenor
Negative factors
- early stage evaluation
- deposit dimensions are currently estimated via geophysics
Facts used in scoring: 12
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions ALS Global analysis and inclusion of QAQC sample inserts.
Evidence · text
“Company QAQC sample inserts were included.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The discovery is a new finding at the Crescent Valley property.
Evidence · text
“Phenom Discovers Rare Earth and Critical Metals Deposit”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (12)
CVN24-02Crescent Valley · rubidiumGrade: 121.5Grade Unit: ppmIntercept: 99.06 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CVN24-02
- Project
- Crescent Valley
- Commodity
- rubidium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 121.5
- Grade Unit
- ppm
- Intercept
- 99.06 m
- From
- 0 m
- To
- 99.06 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN24-02:0-99.06
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-01T00:00:00.000Z
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: High-tenor rubidium intercept at surface.
Positive factors
- significant near-surface intercept
Evidence · table
“121.5”
Context: 99.06
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN24-02Crescent Valley · hafniumGrade: 5.2Grade Unit: ppmIntercept: 99.06 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CVN24-02
- Project
- Crescent Valley
- Commodity
- hafnium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 5.2
- Grade Unit
- ppm
- Intercept
- 99.06 m
- From
- 0 m
- To
- 99.06 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN24-02:0-99.06
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-01T00:00:00.000Z
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated hafnium reported in discovery intercept.
Positive factors
- elevated hafnium in discovery
Evidence · table
“5.2”
Context: 99.06
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN24-02Crescent Valley · scandiumGrade: 11.3Grade Unit: ppmIntercept: 99.06 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CVN24-02
- Project
- Crescent Valley
- Commodity
- scandium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 11.3
- Grade Unit
- ppm
- Intercept
- 99.06 m
- From
- 0 m
- To
- 99.06 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN24-02:0-99.06
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-01T00:00:00.000Z
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated scandium reported in discovery intercept.
Positive factors
- elevated scandium
Evidence · table
“11.3”
Context: 99.06
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN24-02Crescent Valley · neodymiumGrade: 31.6Grade Unit: ppmIntercept: 99.06 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CVN24-02
- Project
- Crescent Valley
- Commodity
- neodymium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 31.6
- Grade Unit
- ppm
- Intercept
- 99.06 m
- From
- 0 m
- To
- 99.06 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN24-02:0-99.06
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-01-01T00:00:00.000Z
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated neodymium reported in discovery intercept.
Positive factors
- elevated neodymium
Evidence · table
“31.6”
Context: 99.06
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN25-04Crescent Valley · rubidiumGrade: 146Grade Unit: ppmIntercept: 54.86 mView all detailsHide details
Identity
- Hole ID
- CVN25-04
- Project
- Crescent Valley
- Commodity
- rubidium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 146
- Grade Unit
- ppm
- Intercept
- 54.86 m
- From
- 0 m
- To
- 54.86 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN25-04:0-54.86
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Strong rubidium intercept in CVN25-04.
Positive factors
- high grade rubidium
Evidence · table
“146.0”
Context: 54.86
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN25-04Crescent Valley · hafniumGrade: 6.1Grade Unit: ppmIntercept: 54.86 mView all detailsHide details
Identity
- Hole ID
- CVN25-04
- Project
- Crescent Valley
- Commodity
- hafnium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 6.1
- Grade Unit
- ppm
- Intercept
- 54.86 m
- From
- 0 m
- To
- 54.86 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN25-04:0-54.86
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated hafnium reported in CVN25-04.
Positive factors
- elevated hafnium
Evidence · table
“6.1”
Context: 54.86
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN25-04Crescent Valley · scandiumGrade: 14.7Grade Unit: ppmIntercept: 54.86 mView all detailsHide details
Identity
- Hole ID
- CVN25-04
- Project
- Crescent Valley
- Commodity
- scandium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 14.7
- Grade Unit
- ppm
- Intercept
- 54.86 m
- From
- 0 m
- To
- 54.86 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN25-04:0-54.86
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated scandium reported in CVN25-04.
Positive factors
- elevated scandium
Evidence · table
“14.7”
Context: 54.86
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CVN25-04Crescent Valley · neodymiumGrade: 29.3Grade Unit: ppmIntercept: 54.86 mView all detailsHide details
Identity
- Hole ID
- CVN25-04
- Project
- Crescent Valley
- Commodity
- neodymium
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- PHNM
Geometry
- Grade
- 29.3
- Grade Unit
- ppm
- Intercept
- 54.86 m
- From
- 0 m
- To
- 54.86 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CVN25-04:0-54.86
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated neodymium reported in CVN25-04.
Positive factors
- elevated neodymium
Evidence · table
“29.3”
Context: 54.86
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
75m chipCrescent Valley · rubidiumGrade: 132.8Grade Unit: ppmIntercept: 75 mView all detailsHide details
Identity
- Hole ID
- 75m chip
- Project
- Crescent Valley
- Commodity
- rubidium
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PHNM
Geometry
- Grade
- 132.8
- Grade Unit
- ppm
- Intercept
- 75 m
- From
- 0 m
- To
- 75 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- surface
- Group ID
- 75m chip:0-75.0
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Surface chip sample confirms near-surface mineralization.
Positive factors
- continuous surface chip sample with elevated values
Evidence · table
“132.8”
Context: 75.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
75m chipCrescent Valley · hafniumGrade: 5.8Grade Unit: ppmIntercept: 75 mView all detailsHide details
Identity
- Hole ID
- 75m chip
- Project
- Crescent Valley
- Commodity
- hafnium
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PHNM
Geometry
- Grade
- 5.8
- Grade Unit
- ppm
- Intercept
- 75 m
- From
- 0 m
- To
- 75 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- surface
- Group ID
- 75m chip:0-75.0
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated hafnium in surface chip sample.
Positive factors
- elevated hafnium
Evidence · table
“5.8”
Context: 75.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
75m chipCrescent Valley · scandiumGrade: 11.2Grade Unit: ppmIntercept: 75 mView all detailsHide details
Identity
- Hole ID
- 75m chip
- Project
- Crescent Valley
- Commodity
- scandium
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PHNM
Geometry
- Grade
- 11.2
- Grade Unit
- ppm
- Intercept
- 75 m
- From
- 0 m
- To
- 75 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- surface
- Group ID
- 75m chip:0-75.0
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated scandium in surface chip sample.
Positive factors
- elevated scandium
Evidence · table
“11.2”
Context: 75.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
75m chipCrescent Valley · neodymiumGrade: 38.5Grade Unit: ppmIntercept: 75 mView all detailsHide details
Identity
- Hole ID
- 75m chip
- Project
- Crescent Valley
- Commodity
- neodymium
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PHNM
Geometry
- Grade
- 38.5
- Grade Unit
- ppm
- Intercept
- 75 m
- From
- 0 m
- To
- 75 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- surface
- Group ID
- 75m chip:0-75.0
- Mining Method
- open_pit
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- ALS Global
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-12T00:00:00.000Z
Reasoning: Elevated neodymium in surface chip sample.
Positive factors
- elevated neodymium
Evidence · table
“38.5”
Context: 75.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.