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Prophecy Development is pleased to announce that it has signed an agreement with Monitor Ventures for the right to access and use information related to the Gibellini vanadium project
Prophecy Development (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce that it has signed an agreement with Monitor Ventures for the right to access and use information related to the Gibellini vanadium project which was commissioned, compiled and held by Monitor.
As quoted in the press release:
John Lee, Executive Chairman of Prophecy, states: “The Gibellini Data Pack is the culmination of over $10 million in expenditures, tens of thousands of man-hours of work, and the effort of a multi-disciplinary team over a 10-year period, all of which is now in the possession of Prophecy and will expedite project development, and help achieve the Company’s stated objective of transforming Gibellini into the first primary vanadium mine in North America, offering the best quality vanadium pentoxide product that exceeds customer requirements for a variety applications from traditional re-enforcement bars to high-tech grid-scale batteries and aerospace.