Prophecy’s Gibellini poised to start vanadium production by 2022

TSX-listed Prophecy Development is working towards securing a positive environmental impact statement (EIS) record of decision for its Gibellini vanadium project, in Nevada, by the first quarter of 2021, the company said on Wednesday, noting that it should pave the way for construction to follow in the same year and first vanadium production by late 2022.

Prophecy reported that it had appointed SWCA Environmental Consultants as its third party contractor to work under the direction of the Bureau of Land Management (BLM). The contractor would work on the EIS for the Gibellini vanadium project and assist the BLM in the maintenance of the administrative record.

The Gibellini EIS would be one of the first mining EISes done under Secretarial Order 3355 that mandated the final study could be more than 150 pages in length and had to be completed within one year of the publication date of the notice of intent (NOI) for the EIS in the federal register.

The firm stated that the NOI would be published in the first quarter of next year, marking the formal start of the EIS.

Prophecy CEO Mike Doolin stated that the company believed Gibellini to be the only project poised to start vanadium mine production in the US by 2022.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 27025.90 0.09%
S&P 500 2997.95 0.28%
NASDAQ 8156.85 0.40%
TSX 16426.30 0.01%
TSX-V 544.07 0.00%

Resource Commodities

Name Last Change
Gold 1492.06 0.05%
Silver 17.55 0.11%
Copper 2.59 2.587
Platinum 901.00 0.67%
Oil 53.93 1.06%
Natural Gas 2.32 0.65%
Uranium 24.88 0.00%