Phenom Resources Soars on Historic Antimony Discovery at King Solomon Project

Phenom Resources Corp. (TSXV: PHNM) saw its stock surge by +10.5% on April 29, 2025, following the announcement of historic high-grade antimony samples from its King Solomon Gold Project in Nevada. The discovery underscores the project’s potential as a critical mineral asset, aligning with U.S. government priorities to secure domestic supply chains for strategic materials. Here’s why investors are taking notice.

Key Findings: High-Grade Antimony Assays

The King Solomon Project, historically mined for antimony and silver, revealed exceptional assay results from historic samples:
- Two grab samples from a vein returned 12.57% and 38.86% antimony, alongside silver assays of 5.8 oz/t and 55.16 oz/t.
- A shear zone assayed 1.3% antimony and 2.8 oz/t silver, demonstrating consistent mineralization across multiple zones.

Historical production records indicate the mine yielded 100–1,000 tons of antimony in its earlier years, with mineralization concentrated in two veins and a shear zone. The project’s stibnite (antimony sulfide) deposits align with Carlin-type gold systems, where antimony acts as a pathfinder element for deeper gold mineralization.

Market Catalyst: Antimony’s Strategic Value

Antimony is a critical mineral for the U.S. due to its use in defense (munitions, night-vision goggles), renewable energy (solar panels, batteries), and fire safety. China dominates global production at ~90%, creating urgency for domestic alternatives. The Biden and Trump administrations have prioritized critical minerals under the Defense Production Act, which fast-tracks permits and funding for projects like King Solomon.

Stock Performance and Investor Sentiment

The April 29 news directly drove Phenom’s stock to a $0.2557 closing price, a +10.5% gain on the day. This follows a broader +22.77% surge on April 22 linked to federal mineral policy updates. Analysts highlight the dual-value proposition of the King Solomon Project:
1. Antimony’s critical status reduces regulatory risks and enhances permitting timelines.
2. Gold exploration synergies leverage antimony’s role as a pathfinder, potentially boosting gold discoveries.

Broader Industry Context

The global antimony market is projected to grow to $5.01 billion in 2025, driven by EV battery demand and defense spending. U.S. antimony prices have surged to $60,000/ton in late 2024 (up from $12,000 in 2023) due to China’s export restrictions. Competitors like Perpetua Resources (PPTA) and Armory Mining (ARMY) have secured federal grants for similar projects, signaling a favorable funding environment for Phenom.

Risks and Considerations

• Regulatory Delays: While antimony’s critical status may expedite permits, environmental reviews and community opposition remain risks.
• Commodity Volatility: Antimony prices could fluctuate with geopolitical tensions or shifts in China’s policies.
• Exploration Uncertainty: Historical data is limited; modern drilling is needed to fully characterize the resource.

Conclusion: A Strategic Bet on Critical Minerals

Phenom Resources’ King Solomon Project emerges as a compelling play on the critical minerals boom, with high-grade antimony assays and a geologically proven Carlin-type system. Supported by U.S. policy tailwinds and rising antimony prices, the project could secure permits and partnerships to advance toward production.

Key data points reinforce this thesis:
- Antimony’s criticality: 90% of global supply is non-U.S., creating a strategic gap Phenom aims to fill.
- Market momentum: The stock’s +10.5% jump on April 29 reflects investor recognition of the discovery’s significance.
- Historical precedent: The mine’s prior production of 1,000 tons of antimony hints at untapped potential.

For investors focused on defense, energy transition, or mineral nationalism, Phenom’s King Solomon Project represents a high-potential, low-cost entry point into a sector with strong tailwinds.

In a world hungry for strategic minerals, Phenom’s antimony-rich discovery is more than a stock move—it’s a strategic pivot toward energy and national security resilience.