Phenom Resources Corp. (TSXV:PHNM) agreed to spin off Gold assets on January 10, 2023. Upon completion, SpinCo will operate as an independent company that would seek a separate public listing and would focus on advancing the gold assets currently owned by Phenom.

Transaction is subject to receipt of Phenom shareholder approval, receipt of all regulatory and other required approvals, the availability of financing for SpinCo and market conditions.