TVN 3.64% 5.3¢ tivan limited

Vanadium News, page-3

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    lightbulb Created with Sketch. 2893
    Their resource numbers are similar to Mt Peake

    So another Vanadium Company looking at vertical integration including manufacture of electrolyte.
    Another consolidation of holdings for a V-Ti-Fe deposit.

    RDO Sunday tomorrow - might spend a little bit of time updating some R&D.

    http://finance.yahoo.com/news/prophecy-consolidates-100-titan-vanadium-210000487.html

    Prophecy Development Corp. ("Prophecy" or the "Company") (TSX: PCY, OTC PINK: PRPCF, FSE: 1P2N) is pleased to announce that it has successfully closed the acquisition of the remaining 20% title interest of Randsburg International Gold Corp. ("Randsburg") in the patented claims that comprise the Titan vanadium-titanium-iron project ("Titan") in Ontario, Canada on the terms described in the Company's news release dated January 27, 2017 (the "Acquisition"). Prior to the Acquisition, Prophecy owned the other 80% title interest in Titan.
    As consideration, the Company issued to the parties designated by Randsburg, a total of 20,000 Common shares (the "Consideration Shares") in the capital of the Company. The Consideration Shares are subject to a 4-month hold period. Closing of the Acquisition will be subject to the final approval of the Toronto Stock Exchange.
    Prophecy is encouraged by recent news regarding vanadium car battery development and rising metal price trends whereby vanadium prices have doubled in the last 12 months. The Company intends to announce project development plans for Titan in due course.
    About Titan
    A Technical Report prepared by Mine Development Associates dated February 26, 2010 (available at www.sedar.com and www.Prophecydev.com) disclosed in compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") an inferred resource for the Titan project:
    Column 1 Column 2 Column 3 Column 4 Column 5
    0 Resource Category
    Tonnes (t)*
    Fe2O3 (%)**
    V (%) **
    TiO2 (%)**
    1 Inferred
    49.0 million
    48.09
    0.24
    14.82
    V converted to V2O5: 0.24 % V = 0.43% V2O5
    The Company estimates vanadium content at 259 million lbs and titanium dioxide content at 7,259 million kgs.
    * Based on resource estimated at cutoff grade of 40% Fe2O3.
    ** 100% metals recovery is assumed.

    The Technical Report is authored by Neil Prenn, P. Eng, who was an independent Qualified Person under NI 43-101 at the time the report was prepared.
    The Technical Report can be downloaded from:
    http://www.prophecydev.com/pdf/titan_feb2010.pdf
 
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