Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) today
announced that the Cyclops Project License is now registered in the database of
the Directorate General of Minerals and Coal, Ministry of Energy and Mineral
Resources of the Republic of Indonesia with related physical documentation
expected shortly. Despite challenges related to COVID-19, the Cyclops project
site is secure with no known cases in the direct project area. The Jakarta head
office and Sentani site camp and logistics base are operating at reduced
levels, with field activities to recommence upon lifting of the nationwide
lockdown. While movement is temporarily restricted, Bolt Metals continues to
advance its business activities from offices in Vancouver, Jakarta and
Shanghai. “While the pandemic has placed an enormous strain on the global economy,
we are encouraged by Indonesia’s determination and plan to become a global hub
for the production of material for the energy storage sector locally, and
throughout Asia,” Bolt Metals CEO Ranjeet Sundher said in the news release.
“The past 18 months of exploration and development on Cyclops has produced a
robust project dataset, which will be used to advance our strategic initiatives
in Indonesia, Asia and Canada. We are looking forward to resuming full
operations with the ultimate goal of becoming a key player in the development
of Asia’s battery materials supply chain.”
To view the full press release, visit http://ibn.fm/RIFxq
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.
Visit www.BoltMetals.com to
find out more.
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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