Prophecy Development Corp. announces that it has retained Amec Foster Wheeler E&C Services Inc. to undertake updating of the mineral resource and mining section for the Company's upcoming Feasibility Study to be completed to the standards of National Instrument 43-101 for its Gibellini vanadium project located in Nevada, USA. The FS is anticipated to be completed by year end 2019. Vanadium is a product classified as a [...]
Prophecy Development Corp. is pleased to provide a project update for its Gibellini vanadium project, located in Eureka County, Nevada, USA. The Company's objective for 2019 is to continue advancing its flagship vanadium project towards development and production. Gibellini is the most advanced primary vanadium deposit in the United States, with a contained NI 43-101 compliant combined measured and indicated resource of [...]
Prophecy Development Corp. is pleased to announce that since October 31, 2018, it has received additional gross aggregate proceeds of $1,338,168 from the exercise of 3,445,420 previously outstanding warrants . This is in addition to the previously announced bought deal prospectus offering of $5.52 million per the Company's news release of November 22, 2018. The Company also announces that, further to its previous news [...]
Financialnewsmedia.com News Commentary Vanadium has been on a run as one of the more valuable metals as evidence of its potency and utility in the energy efficient battery market becomes increasingly more obvious as well as growing demand due to a number of factors currently existing in the global economic climate. What used to be one of the world's least known metals now holds great importance and likely to become more [...]
Not for Distribution to U.S. News Wire Services or Dissemination in the United States Prophecy Development Corp. is pleased to announce that it has closed its previously announced bought deal financing for aggregate gross proceeds of C$5,520,000 . BMO Capital Markets purchased, on a bought deal basis, 12,000,000 common shares of the Company at a price of C$0.46 per Common Share. The net proceeds of the Offering will be [...]
Not for distribution to U.S. news wire services or dissemination in the United States Prophecy Development Corp. announced today that it has entered into an agreement with BMO Capital Markets , under which BMO has agreed to buy on a bought deal basis 12,000,000 common shares of the Company , at a price of $0.46 per Common Share for gross proceeds of approximately $5.5 million . The Offering is expected to close on or [...]
Prophecy Development Corp. is pleased to announce the appointment of Ron Espell as the Company's Vice-President, Environmental and Sustainability, effective November 14, 2018, to lead the environmental permitting efforts for the Gibellini vanadium project . Mr. Espell will report to Gerald Panneton, the Company's President and CEO. Mr. Espell is a highly-regarded specialist in US federal and Nevada state mine permitting [...]
Prophecy Development Corp. is pleased to announce that the Company has executed a lease agreement with an arms-length private Mongolian company whereby the Lessee plans to perform mining operations at Prophecy's Ulaan Ovoo coal mine, and will pay Prophecy US$2 for every tonne of coal shipped from the Ulaan Ovoo site premises. Bekzod Kasimov, Prophecy's VP, Business Development, comments: "This Lease signifies the [...]
Prophecy Development Corp. is pleased to announce the appointmentof Gerald Panneton as the Company's President and new Chief ExecutiveOfficer, effective October 10, 2018, replacing John Lee, who will remainas Chairman of the Board of Directorsof the Company. Mr. Panneton is ageologist with over 30 years experience in mineral exploration and development,and was the founder, President and CEO of Detour Gold Corp. from its [...]
Vancouver, British Columbia - Prophecy Development Corp. is pleased to announce the appointment of Gerald Panneton as the Company’s President and new Chief Executive Officer, effective October 10, 2018, replacing John Lee, who will remain as Chairman of the Board of Directors of the Company. Mr. Panneton is a geologist with over 30 years experience in mineral exploration and development, and was the founder, President [...]
Prophecy Development Corp. announces that its Form 20-F registration statement, voluntary filed with the United States Securities and Exchange Commission , has been declared effective. Registering with the SEC is a prerequisite for listing equity securities on a national stock exchange in the United States. Prophecy is subject to the reporting requirements of the United States Securities Exchange Act of 1934, as amended [...]
Vancouver, British Columbia - Prophecy Development Corp. announces that its Form 20-F registration statement, voluntary filed with the United States Securities and Exchange Commission , has been declared effective. Registering with the SEC is a prerequisite for listing equity securities on a national stock exchange in the United States. Prophecy is subject to the reporting requirements of the United States Securities [...]
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