Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) today
updated shareholders on progress achieved during 2019 and its strategic goals
for 2020 as it continues to develop Indonesia based nickel-cobalt opportunities
to capitalize on the rapidly expanding global demand for rechargeable batteries
used in electric vehicles (“EVs”). According to the update, the Company
achieved several important milestones in 2019 and, during the second half of
the year, continued bulk sampling, including excavation and sampling of test
pits from the Cyclops project with a total of 530kg sent to Canada for the
bench-scale test program and later pilot plant studies. Pacific Rim Cobalt
completed its shallow drilling program in September, which confirmed elevated
nickel and cobalt values from the surface of the laterite profile. “As CEO of
Pacific Rim Cobalt, I would like to thank the Company’s shareholders for their
continued support. I also thank my fellow directors, managers and employees for
their continued hard work and their achievements in confirming the potential of
the Cyclops Project,” Pacific Rim Cobalt President and CEO Ranjeet Sundher said
in the news release. “We continue to make outstanding operational progress
which forms the bedrock of our confidence as we move forwards knowing that we
have an asset with outstanding potential both in today’s economic climate and even
more so as the EV sector continues its astonishing growth in the years to
come.”
To view the full press release, visit http://ibn.fm/vUy09
About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian-based exploration company
focused on the acquisition and development of production grade nickel-cobalt
deposits, key raw material inputs for the growing lithium-ion battery industry.
For more information, visit the company’s website at www.PacificRimCobalt.com.
NOTE TO INVESTORS: The latest news and updates
relating to PCRCF are available in the company’s newsroom at http://ibn.fm/PCRCF
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