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Wednesday, 03/21/2018 11:12:20 AM

Wednesday, March 21, 2018 11:12:20 AM

Post# of 740
We are in production in Brazil, but here is a potential source in the USA.


Prophecy bets on Nevada vanadium as world stockpiles vanish

China’s metamorphic rise to developed nation status has resulted in hundreds of policy changes. One little noticed change was a mandate to construction companies to use higher tensile strength steel rebar. The policy change has sent the vanadium market into a tailspin.

As a result, steelmakers have gobbled up all existing inventories, meaning the only vanadium you can buy is currently underground. That was the reason why John Lee, a seasoned mining entrepreneur, discarded opportunities in Mongolia and Bolivia and decided to place all bets on a rich vanadium deposit in the hills of Nevada through Vancouver-based Prophecy Development Corp. (TSX: PCY | OTCQX: PRPCF).



Read more at:
https://investorintel.com/sectors/technology-metals/technology-metals-intel/prophecy-bets-nevada-vanadium-world-stockpiles-vanish/?utm_source=InvestorIntel+General+Email+List&utm_campaign=b7baeaf9ee-INVESTOR_INTEL_DAILY_RSS&utm_medium=email&utm_term=0_e78262a875-b7baeaf9ee-46124525
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