First Vanadium Corp. (FVAN:TSX.V; FVANF:OTCQX; 1PY:FSE) announced in a news release that effective July 6, 2021, it will be changing its name to "Phenom Resources Corp." The firm stated the change in its corporate name is being made to better reflect the nature of its business as it is no longer focused solely on just vanadium and is now also involved in exploring for both gold and copper in addition to vanadium at its properties.
First Vanadium advised that its common shares are scheduled to begin trading on the TSX Venture Exchange under the new name Phenom Resources Corp. when markets open for trading on July 6, 2021. The company indicated that the shares will be assigned a new ticker symbol, PHNM, and advised that it has obtained new CUSIP (71743P107) and ISIN (CA71743P1071) numbers for its shares.
First Vanadium stated that existing shareholders do not need to take any further actions and that First Vanadium Corp. share certificates will not be impacted and do not need to be exchanged. The company noted that if shareholders have any concerns or questions that they should feel free to contact either the company or their broker or agent.
The company's President and CEO Paul Cowley remarked, "We're excited and proud to announce our new branding, website and logo that are both bold and inspirational. This will add to our visibility, clarity and distinction in the market, aligning with our broader based multi commodity path."
First Vanadium is a gold, copper and vanadium explorer based in Vancouver, B.C. The company noted that it holds an option that allows it to earn a 100% interest in the Carlin Vanadium Project located near Carlin, Nev. In addition, the company has another gold prospect in Nevada and a copper prospect in Arizona.
Read what other experts are saying about:
Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: First Vanadium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of First Vanadium, a company mentioned in this article.
