Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) today
announced its receipt of approval from the OMBUDSMAN of the Republic of
Indonesia for the registration of the Cyclops Nickel-Cobalt Project license in
the Directorate General of Minerals and Coal and the Ministry of Energy and
Mineral Resources of the Republic of Indonesia. Per the update, the project
license will be transferred into a Foreign Investment License where it will be
administered by the central government. As a result, the license will then be
fully compliant with the Minister of Energy and Mineral Resources regulation
No. 11 of 2018 regarding the procedure for the granting of licenses and
reporting on mineral and coal mining business activities. “2019 was a pivotal
year for us, and we’re pleased to carry this momentum into 2020,” Pacific Rim
Cobalt CEO Ranjeet Sundher said in the news release. “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.”
To view the full press release, visit http://ibn.fm/s8UBx
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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