Prophecy Development Corp. is pleased to report that it has closed the private placement previously announced on August 26, 2019. The Placement raised gross cash proceeds of $2,600,000 through the issuance of 13,000,000 common shares of Prophecy, at a price of $0.20 per Share. Company management and directors purchased 2 million Shares of the [...]
Prophecy Development Corp. announces that it is undertaking a non-brokered private placement involving the issuance of 13 million Common Shares of the Company at a price of $0.20 per per Share to raise aggregate gross proceeds of $2,600,000. Company management and directors will subscribe 2 million Shares of the Placement. The Shares will be [...]
Prophecy Development Corp. is pleased to announce the formation of two wholly owned Canadian BC subsidiaries; Silver Elephant Mining Corp. and Asia Mining Inc. in order to facilitate potential future spinoffs of the Company’s wholly owned Bolivian silver operation and Mongolian coal operation. John Lee, Prophecy Chairman, states that [...]
Prophecy Development Corp. is pleased to announce the appointment of Marc Leduc, P.Eng. as the Company €™s Director of the board effective July 22, 2019. Marc Leduc is a mining engineer and geologist with more than 30 years €™ experience involving all aspects of the development, operations, planning and evaluation of mining projects. Mr. Leduc [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]