Prophecy Development Corp. is pleased to update its objectives for the second half of 2019 for its Gibellini Vanadium Project . With the submittal of its updated Plan of Operations/Reclamation Permit Application to the Bureau of Land Management, Mount Lewis Field Office and the Nevada Division of Environmental Protection on June 28, 2019 and appointment of the National Environmental Policy Act contractor, SWCA [...]
Prophecy Development Corp. announces that the Company €™s Mongolian Ulaan Ovoo mine achieved record monthly coal production of 37,800 tonnes in June of this year. Ulaan Ovoo mine was commissioned in March 2019, however the operation was stopped in April and May due to the late approval of 2019 environmental plan; this approval has been issued in June 2019. As reported in the Company news releases dated March 18, 2019 and [...]
Prophecy Development Corp. is pleased to announce the submission of its updated Plan of Operations through the Company €™s US subsidiary for its 100% owned Gibellini vanadium project to the United States Department of the Interior, Bureau of Land Management, Mount Lewis Field Office and the Reclamation Permit Application to the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation . The [...]
Prophecy Development Corp. is pleased to announce the submission of its updated Plan of Operations through the Company €™s US subsidiary for its 100% owned Gibellini vanadium project to the United States Department of the Interior, Bureau of Land Management, Mount Lewis Field Office and the Reclamation Permit Application to the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation . The [...]
Junior Mining Network host Cory Fleck interviews Prophecy Development Corp. Executive Chairman John Lee to discuss the Gibellini Vanadium Project and its path forward to potential production in 2022. The 2018 Gibellini Preliminary Economic Assessment outlined a 13.5-year mine life that returned a robust $338 million Net Present Value and 50.8% Internal Rate of Return . With a quick payback period of less than 2 years and [...]
Prophecy Development Corp. is pleased to announce the appointment of a third party National Environmental Policy Act contractor, SWCA Environmental Consultants , to work under the direction of the Bureau of Land Management per the provisions of a Memorandum of Understanding between SWCA Environmental Consultants, BLM and Nevada Vanadium, LLC , a wholly owned subsidiary of Prophecy Development Corp., to prepare the [...]
Prophecy Development Corp. announces that its Annual General Meeting has been scheduled for Thursday, September 12, 2019. Due to some recent changes in the Company's Management, the AGM was delayed from being held within six months of its year end. The Company has requested permission for the TSX to delay its Annual General Meeting to September 12, 2019. About Prophecy Prophecy is developing the Gibellini project - the [...]
Prophecy Development Corp. announces pursuant to the Company's 2016 Share-Based Compensation Plan as amended, the Company has granted to an officer of the Company 500,000 sign-on bonus shares and 500,000 incentive stock options exercisable at a price of $0.21 per Common share for a term of five years expiring on April 1, 2024 and which vest at 12.5% per quarter for the first two years following the date of grant. About [...]
Prophecy Development Corp. is pleased to announce that the Company has received guidance regarding expected permitting timelines following Prophecy meeting with regulators in late April 2019. The Company estimates Q1 2020 as the target date for publication of the Notice of Intent to prepare an Environment Impact Statement in the Federal Register. Upon publication of the NOI the review process is mandated to be completed [...]
Prophecy Development Corp. is pleased to announce that it has submitted, through its wholly owned US subsidiary, the requisite baseline studies for its Gibellini Vanadium Project located in Eureka County, Nevada, USA to both the Bureau of Land Management and the Nevada Division of Environmental Protection . In consultation with the BLM and NDEP, Prophecy is working with contractors to collect supplemental baseline data [...]
Prophecy Development Corp. is pleased to announce vanadium assay results from its Fall 2018 exploration reconnaissance program on its Gibellini vanadium project, located in Eureka County, Nevada, USA. The 155 assays are taken from three prospective exploration areas all within 5km to existing Gibellini vanadium NI43-101 compliant resource pit outline whereat 49.9 million lbs measured and 81.5 million lbs indicated [...]
Prophecy Development Corp. announces Mongolian Ulaan Ovoo Mine start up in March and approximately 21,000 tonnes of coal production and sales. Multiple local and international consumers have expressed interest to buy Ulaan Ovoo coal; Prophecy is pleased with the rate of progress and plans to report quarterly sales and operational update. Pictures and video are available at www.prophecydev.com. With nameplate production [...]
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