Prophecy signs binding accord to buy Gibellini vanadium project, Nevada

Diversified miner Prophesy Development Corp has entered a binding letter agreement with arm’s-length, private parties to acquire, through lease, the Gibellini vanadium project, in Nevada, with the intent to carry-out mining operations there. Previously held by American Vanadium, which let the claims lapse after it was unable to raise the required cash to sustain operations, Gibellini is in the permitting stage and has a compliant mineral resource estimate.