- Mineral exploration company Bolt Metals Corp., is advancing its focus on the acquisition and development of production-grade electric vehicle (EV) battery metals projects in the Asia-Pacific region
- EVs and their batteries are regarded widely by governments, industries and consumers as landmark-worthy solutions to global pollution and climate change concerns
- Indonesia is angling to become a world-leading supplier in the market for scarce EV battery metals such as nickel and cobalt, and nearby China is a major consumer
- Bolt’s flagship Cyclops property in Indonesia is a key part of its drive to be a player nickel and cobalt for the EV market
- A non-binding cooperative agreement between Bolt and Chinese metals producer Hunan Jinxin has opened the door to more definitive talks on a potential EV battery metals supply chain from the Cyclops property
A non-binding cooperative agreement between Canadian mineral exploration company Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) and Chinese tungsten and cobalt producer Hunan Jinxin is paving the way for developing assets to serve Asia’s expanding electric vehicle production supply chain.
The cooperation agreement immediately allows the companies to begin negotiating definitive binding agreements with regards to Bolt’s 100 percent-controlled Cyclops Nickel-Cobalt facility based in Indonesia, where extensive exploration has previously taken place e, according to a…
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