Titan (Titanium-Vanadium-Iron)
Prophecy Development Corp. (Toronto Stock Exchange: PCY) has been developing its 100% owned Titan (Titanium-Vanadium-Iron) project in Ontario Canada
Titan (Titanium-Vanadium-Iron) Project Summary
- Independent 43-101 Resource 7.26 tonnes of Titanium Oxide and 259 million lbs of Vandium
- Located in Ontario, between Angus and Flett townships, with access to excellent infrastructure
- Near Surface mineralization, potentially open-pittable
- 142 metres of 0.27% Vanadium (0.48% Vanadium Pentoxide) from Hole RA-5-21
- 174 metres of 0.26% Vanadium (0.46% Vanadium Pentoxide) from Hole RA-5-10.
- Mineralization starts from the surface to an open vertical depth of 500 meters.
- The complete horizontal and vertical extent of the deposit is still to be determined.
- Features aeromagnetic anomaly approximately 1,200 X 800 metres in area
- Titanium Oxide is used in paint
- Vanadium is used in redox batteries (VRB).
- 2016 Vanadium Pent-oxide price > US$5/lb, up 50% in the last 12 months.
- Unlike lithium-ion batteries, Vanadium redox flow batteries (VRB) are not flammable and do not gradually lose their capacity, which should mean long working lives (20 years) and therefore much lower costs.
- VRB ideal for “grid constrained” solar and wind farms that currently struggle to sell their electricity at times of peak production but cannot afford other forms of storage.
- In June 2016, Japan’s Hokkaido Electric Power (HEPCO) and Sumitomo Electric Industries (SEI) have installed a 15 MW vanadium redox storage system on the northern island of Hokkaido.
| Tonnage (Mt) Inferred |
Fe2O3 (%) | TiO2 (%) | V (%) | V2O5 (%) |
| 49 | 48.1 | 14.8 | 0.24 | 0.43% |
43-101 Report available at http://www.prophecydev.com/pdf/titan_feb2010.pdf
TSX: PCY, Shares Outstanding 4.8 million, Current Price $3.4, 52-week: $1 to $8 www.prophecydev.com
Contact: John Lee, jlee@prophecydev.com
Head Office – Canada
Suite 1610 – 409 Granville Street
Vancouver, BC V6C 1T2 Canada
Tel: +1.604.569.3661