Indonesian Official’s Comments on EV Metals Production Underscore Bolt Metals’ (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Expectations for Cyclops Site

April 23, 2020 11:20:06
  • Indonesian State-Owned Enterprises Minister Erick Thohir recently stated that the country’s efforts to use its mineral resources competitively in the electric vehicle battery supply chain will continue despite the economic impacts of the worldwide pandemic
  • Indonesia is working to be a key player in the Asia-Pacific market for EV batteries, including talks with companies in South Korea and global economic powerhouse China
  • Canada-based mineral exploration company noted Thohir’s comments in discussing development of the company’s strategic Cyclops Nickel-Cobalt project
  • Bolt is focused on acquiring and developing production-grade EV battery metals projects in the Asia-Pacific region as world leaders work toward solutions for combatting global climate change

Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) continues to see evidence for optimism in the potential of its flagship Cyclops property in Indonesia, where significant nickel and cobalt exploration has taken place. The site may play a key role in the company’s core strategy to acquire and develop production-grade battery metal resources in the Asia-Pacific region.

Nickel and cobalt currently are minerals notable for their vital role in electric vehicle battery cathodes. 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…

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