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://nnw.fm/sb52L
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://nnw.fm/PCRCF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.