Canadian‐based exploration company Bolt Metals Corp.’s (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) optimism
for the potential of its flagship Cyclops property in Indonesia was recently
supported by comments made by Indonesian State-Owned Enterprises Minister Erick
Thohir. An article discussing the company reads, “Indonesia has worked
arduously to turn its world-class nickel deposits and its proximity to China
into a strong hand bidding for dominance in the EV battery supply chain. A
recent Antara News report indicates that Indonesia is proceeding with those
efforts despite the economic devastation being wrought by the novel coronavirus
pandemic, which rapidly spread from nation to nation during the first quarter
of the year, prompting swift restrictions on travel and commerce. . . . ‘This
project (to construct multiple factories with priority use of in-country nickel
resources) to produce batteries is a long-term one. If we were to build it in
four years, it would become a reality,’ State-Owned Enterprises Minister Erick
Thohir stated in the report (http://ibn.fm/LpSoO),
adding, ‘Will it be postponed? No, this will continue.’”
To view the full article, visit http://ibn.fm/0Gemo
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, both 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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