Mark Roberts, Interviewer and Senior Editor at Traders News Source
Interviewed, President & CEO Paul Cowley of Phenom Resources Corp. (OTCQX: PHNMF)
For over forty years, Mr. Cowley, P.Geo. has held technical and managerial positions exploring for gold, base metals, diamonds, industrial minerals and coal worldwide. He has extensive experience in a major company setting based in Canada and South America (18 years with BHP Minerals). Projects include the Escondida world-class copper mine in Chile, Country Manager for Bolivia, and the Ekati diamond mine and the Slave gold project in the Canadian arctic. As manager of the Slave Gold Project, his team discovered and advanced 4 gold deposits amounting to over 6 million ounces of gold. Mr. Cowley also has extensive involvement in junior mining companies at President/CEO, VP Exploration, consultant and directorship levels. Mr. Cowley was instrumental in putting the Lexington-Grenoble gold-copper mine in BC into production, in doubling the resource at the polymetallic and precious metal J&L deposit in BC and adding resources at the Wolverine VMS deposit in the Yukon. Mr. Cowley has experience in permitting projects from exploration to production as well as consulting and successfully negotiating an Impacts and Benefits Agreement with Canadian First Nation. Mr. Cowley is a Professional Geologist, P.Geo. and the Qualified Person for First Vanadium Corp.
Thank you giving us your time to answer some questions. Can you give us a brief overview of your company’s business model?
“Phenom is an exploration company focused on Nevada with a near-term vision of making a Carlin-style high-grade gold discovery under the capable hands of renowned proven mine finder Dave Mathewson, and a mid-term goal to become a leading USA supplier of vanadium, feeding the emerging USA large energy storage market from its vanadium resource.”
What is your perspective on the vanadium market for the rest of 2022 and beyond?
“I believe we are in the early stages of a major shift of vanadium demand from steel-dominated consumption to a large stationary battery demand in the world’s electrification efforts. Lithium batteries are best suited for EV’s and smaller but vanadium is best in every respect for the larger stationary batteries for solar, wind, microgrids and backup power; safer, deeper holding capacity, longer life (+25 years), more efficient in a wide range of operating temperatures, environmentally friendlier without disposal costs of contaminated materials, and now, cheaper since lithium prices increased 5 times since September. The U.S. is expected to be the largest market of stationary batteries in two years. The stationary battery market is a $10 billion industry and targeted to be US$100 billion within 8 years. We believe vanadium will be the dominant battery to fill this market.”
“Since we have the largest highest grade primary vanadium resource in America, Phenom is well positioned for this growing market.”
Vanadium has been deemed a critical mineral in the U.S. under the Defense Production Act by the Biden Administration. Will that situation directly impact your company?
“Absolutely. China and Russia produce about 75% of the world’s vanadium, so from both the vulnerability of supply and positioning the U.S. in its own future growth in the green energy space, this is deemed a priority. The U.S. government is investing billions in critical metals projects to ensure domestic feedstocks, and particularly for those within the large capacity battery supply chain, to benefit American businesses and worker.”
Can you expand on the recent engagement of Cassidy & Associates, Inc. and how you think it might impact your company?
“Cassidy has been a Washington-based lobby group for over 25 years and successful in advancing and securing Federal funding for sizable businesses. They have their finger on the pulse of political events, priorities and networking. Daily, they are researching and assessing U.S. Federal grant opportunities appropriate for our project. We need to move quickly on these opportunities and can get that with their skillset.”
The Carlin Trend in Nevada is legendary for gold production. Can you explain, in simple terms, the relationship between gold mining and vanadium production?
“The vanadium resource which lies above the gold system on our property was originally deposited about 380 million years ago but was remobilized and concentrated to higher grades by the Carlin gold event about 38 million years ago. This is a unique geological association and relationship but curiously in the Carlin trend it was also found at the Gold Quarry and Goldstrike Mines; a vanadium concentration above both monster gold deposits.”
Dave Mathewson is also legendary in the gold mining sector. What is his relationship to your company?
“Dave is an amazing explorer and probably one of the top in the world on this type of gold deposit. He has discovered six gold deposits within 6 miles of our property. He loves the hunt for gold and has thrown his weight into our program. Dave is a significant shareholder and our Geological Advisor, very much in the field during drilling.”
Would you describe your vision of growth for your company both in the near term and long term?
“We have many catalysts and triggers for 2022 and beyond on both the gold and vanadium side as we move towards our visions which I shared earlier. Our drilling this year will be aimed at a high-grade gold discovery within the large gold system we have defined. We plan on drilling to expand the vanadium resource that was included in our PEA economic study. And from the engineering side, we aim to reduce Capital and Operating costs on the vanadium resource through a number of studies before moving to a Pre-feasibility.”
Can you tell our readers why you think an investment in your company is a good idea?
“Solid professional and accomplished multi-disciplinary exploration-mining team. Focused spending in the ground in the right places from years of experience. Two routes to success – vanadium and gold. Backed by deep-pocketed network of investors and letter writers.”
Thank you for your time Paul, we appreciate it.
The Traders News Group
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