# Phenom Discovers Rare Earth and Critical Metals Deposit at Crescent Valley, Nevada

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29

Original source: https://money.tmx.com/en/quote/PHNM/news/8924290787737721/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad

Publisher: tmx

Original announcement: 2026-01-12T13:46:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: significant discovery of critical metals

- Positive factor: near-surface mineralization

- Positive factor: reproducible elevated values

- Positive factor: IOCG deposit type with high tenor

- Negative factor: early stage evaluation

- Negative factor: deposit dimensions are currently estimated via geophysics

Facts used in scoring: 12

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Extension**

Polarity: positive

Definition: 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)

### CVN24-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-0)

Crescent Valley · rubidium

Historical result

Needs review: historical\_restatement

#### 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 factor: significant near-surface intercept

Evidence · table

> 121.5

Context: 99.06

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN24-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-1)

Crescent Valley · hafnium

Historical result

Needs review: historical\_restatement

#### 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 factor: elevated hafnium in discovery

Evidence · table

> 5.2

Context: 99.06

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN24-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-2)

Crescent Valley · scandium

Historical result

Needs review: historical\_restatement

#### 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 factor: elevated scandium

Evidence · table

> 11.3

Context: 99.06

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN24-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-3)

Crescent Valley · neodymium

Historical result

Needs review: historical\_restatement

#### 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 factor: elevated neodymium

Evidence · table

> 31.6

Context: 99.06

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-4)

Crescent Valley · rubidium

#### 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 factor: high grade rubidium

Evidence · table

> 146.0

Context: 54.86

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-5)

Crescent Valley · hafnium

#### 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 factor: elevated hafnium

Evidence · table

> 6.1

Context: 54.86

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-6)

Crescent Valley · scandium

#### 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 factor: elevated scandium

Evidence · table

> 14.7

Context: 54.86

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### CVN25-04

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-7)

Crescent Valley · neodymium

#### 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 factor: elevated neodymium

Evidence · table

> 29.3

Context: 54.86

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 75m chip

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-8)

Crescent Valley · rubidium

#### 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 factor: continuous surface chip sample with elevated values

Evidence · table

> 132.8

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 75m chip

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-9)

Crescent Valley · hafnium

#### 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 factor: elevated hafnium

Evidence · table

> 5.8

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 75m chip

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-10)

Crescent Valley · scandium

#### 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 factor: elevated scandium

Evidence · table

> 11.2

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 75m chip

[Link to this fact](https://atlas-extractions.minestarters.com/news/phenom-discovers-rare-earth-and-critical-metals-deposit-at-crescent-valley-nevad--739d814d-8f5e-4e65-a8ed-50ff6eefee29#fact-drill-facts-11)

Crescent Valley · neodymium

#### 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 factor: elevated neodymium

Evidence · table

> 38.5

Context: 75.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

Definition: 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.