New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$57.6m market cap, or US$42.3m). Announcement • Feb 27
Phenom Resources Corp. announced that it has received CAD 1.275 million in funding from Evanachan Ltd., KF Business Ventures, LP, Phenom Ventures LLC and other investors On February 26, 2026, Phenom Resources Corp. closed the transaction. The company issued 5,000,000 units at an issue price of CAD 0.25 for gross proceeds of CAD 1,250,000. Each unit is comprised of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at an exercise price of CAD 0.35 per share for a period of four years from the date of issuance. No insiders of the company participated in the offering. The offering was well supported by several existing shareholders who increased their ownership positions. Following completion of the offering, Rob McEwen through Evanachan Limited will own 5,388,236 common shares, representing approximately 4.4% of the company’s issued and outstanding common shares; Bob Kopple through KF Business Ventures LP will own 7,752,000 common shares, representing approximately 6.3%; and Eric Muschinski through Phenom Ventures LLC will own 8,700,000 common shares, representing approximately 7.1%. No finder’s fees were paid in connection with the offering. All securities issued under the offering are subject to a statutory hold period expiring June 27, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering remains subject to final approval of the TSXV. Announcement • Feb 18
Phenom Resources Corp. announced that it expects to receive CAD 1.275 million in funding Phenom Resources Corp. announces a non-brokered private placement to issue 5,100,000 units at a price of CAD 0.25 per Unit for gross proceeds of CAD 1,275,000 on February 17, 2026. Each Unit will be comprised of one common share and one warrant. Each whole warrant will entitle the holder thereof to purchase one common share for a period of 4 years at a price of CAD 0.35. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Certain directors and officers of the Company (the “Insiders”) are expected to participate in the Offering. 
