Phenom Resources forms Dobbin project JV with SSR Mining after USD 4 million investment for 15% stake
Bitget2026/09/25 10:58- Phenom Resources entered a Nevada LLC joint venture with an SSR Mining subsidiary to advance the Dobbin project in Nevada.
- SSR acquired a 15% interest for USD 4 million, paid into the JV to fund exploration and development.
- Copper One USA holds 85% initially, manages the JV, retains operating control while it remains the majority owner.
- Future funding to be contributed pro rata, subject to dilution; stakes falling below 10% convert to up to a 2% NSR royalty.
- Transaction follows earlier June 29, 2026 and Aug. 18, 2026 announcements; total SSR financing cited at about USD 11 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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