Prophecy Resource Corp
Prophecy Resource Corp is an internationally diversified company engaged in developing, energy, nickel and platinum group elements projects. The company controls over 1 billion tonnes of open-pittable thermal coal in Mongolia. In Canada Prophecy owns Lynn Lake Nickel Project, a 10% equity stake in Victory Nickel and agreed to merge with Northern Platinum on June 15, 2010.
Rob McEwen joins Prophecy Resource Corp ahead of merger with Red Hill Energy
Rob McEwen has joined the advisory board of Prophecy Resource Corp (CVE:PCY; OTC:PCYRF; ETR:3P1) which recently announced that it would be merging with Red Hill Energy (TSX-V: RH).
McEwen is one of the most high profile mining entrepreneurs in Canada, and is Chairman and CEO of US Gold Corp (NYSE:UXG, TSX:UXG) and Minera Andes (TSX:MAI). He is also a significant shareholder in Rubicon Minerals (TSX:RBI).
"Mr. McEwen possesses an impeccable track record of delivering shareholder value, something Prophecy's management will strive to achieve under Mr. McEwen's guidance. With Prophecy focusing on Asian investors, I look to create synergy with Mr. McEwen through shared networking and to achieve sustainable growth through acquisition and development,” John Lee, Chairman of Prophecy, stated.
Prophecy Resource Corp’s interests include the Lynn Lake nickel-copper project in Manitoba, the Titan vanadium project in Ontario, and the Okeover copper-molybdenum project in British Columbia. Red Hill Energy controls over 1.5 billion tons of thermal coal resource in Mongolia.
Other Prophecy Resource Corp articles
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16/08/10 Prophecy Resource’s measured and indicated thermal coal resource passes 1 billion tonnes
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06/07/10 Prophecy Resources to bring coal production online by August
Other Prophecy Resource Corp news
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02/09/10 Prophecy Resource secures up to $10m of debt for Ulaan Ovoo Coal project
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26/08/10 Prophecy Resources` mine preparation for Ulaan Ovoo project on track
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