- Bolt Metals controls ownership of the 5,000-hectare Cyclops Nickel-Cobalt Project in Indonesia
- Company employs “minerals to market” strategy entailing successful bench scale scoping and drilling tests
- Strong results from large-scale 2019 exploration program identifying significant nickel horizons
- Robust, near-surface mineralization at project site
Mineral exploration company Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) works consistently toward carrying out its corporate strategy in 2020 as it continues to set ambitious milestones to create significant long-term shareholder value and become a leading international player in the electric vehicle battery metal sector. This includes preparations to commission and operate a pilot plant in Canada, which will contain an integrated circuit to produce high-purity nickel and cobalt strip solutions to develop battery-grade nickel and cobalt.
“2019 was a pivotal year for us, and we’re pleased to carry this momentum into 2020. Obtaining approval from Indonesia’s Ombudsman is an important step toward our goal of securing strategic partnerships and participating in Asia’s growing battery metals supply chain,” Ranjeet Sundher, CEO of Bolt Metals, stated in a news release…
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at http://nnw.fm/PCRCF
1 The agreement with does not imply that the Company has made a decision to proceed to production without first establishing mineral reserves. The Company has not made the decision to proceed to production and clarifies that any such statement if made in the future would be made in compliance with Companion Policy 43-101CP, 4.2(6) – Production Decision, which requires details of the significant risks associated with such a decision.
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