Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE),
a Canadian‐based exploration company, recently entered into a nonbinding
cooperative agreement with Chinese tungsten and cobalt producer Hunan Jinxin,
potentially opening the door to future agreements on mineral sourcing from
PCRCF’s Cyclops Nickel-Cobalt project based in Indonesia (http://ibn.fm/T8sm1). An article
discussing the company reads, “While extensive exploration of essential EV
supply chain metals such as nickel and cobalt has been taking place at the
project in Indonesia — a country known as the world’s largest nickel ore
producer — Bolt Metals acknowledges that the possibility of proceeding to
production at the site has yet to be established. . . . ‘The agreement does not
imply that the company has made a decision to proceed to production without
first establishing mineral reserves,’ a report clarification issued by Bolt
Metals states. ‘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.’”
To view the full article, visit http://ibn.fm/cvYNF
About Bolt Metals Corp.
Bolt Metals is a Canadian‐based exploration company focused
on the acquisition and development of production-grade nickel and cobalt
deposits, key raw-material inputs for the growing lithium‐ion battery industry.
For more information, visit the company’s website at www.BoltMetals.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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