Prophecy Development Corp., formerly Prophecy Coal Corp., is a Canada-based company engaged in the acquisition, exploration and development of mineral, mining and energy projects in Mongolia, Bolivia and Canada. The Company owns a 100% interest in coal projects in Mongolia, including the Ulaan Ovoo coal property, the Khavtgai Uul and Chandgana Tal coal deposits (collectively the Chandgana Coal Properties). The Ulaan Ovoo thermal coal mine is located 17 kilometers from the Russian border. The mine features a single massive coal seam that is 45 to 80 meters thick with an average strip ratio of 1.8:1. The Chandgana Coal Properties are located in Khentii Aimag in eastern Mongolia. The project is within the Nyalga Coal Basin and consists of exploration and mining licenses, which host a measured resource of 633 million tons and an indicated resource of 539 million tons of thermal coal.