Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE),
an Indonesia-based company focused on developing battery mineral projects in
the Asia‐Pacific region, today released an update regarding the passage of
revisions by Indonesia’s parliament to its mining law aimed at removing red
tape and attracting investment into the sector. Bolt Metals’ flagship Cyclops
project is ideally situated on the north shores of Papua Province, Indonesia,
and amendable to low cost development due to its proximity to air and sea
transport links, gentle topography and an experienced local workforce. “Bolt
Metals has always maintained that Indonesia is perfectly placed to leverage its
world leading nickel supply into a battery materials superpower. 2020 has seen
the continuation of several exciting developments within the country, laying
the foundations for continued future growth in every vertical of the EV supply
chain,” Bolt Metals CEO, Ranjeet Sundher, stated in the news release. “We’re
looking forward to resuming operations and continuing to advance our Cyclops
nickel project in the coming months, with the goal of becoming a key player in
Indonesia’s emerging battery materials sector.”
To view the full press release, visit http://ibn.fm/o8MD5
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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