NetworkNewsBreaks – Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Aims to Secure Supply Chain for Cyclops Project via Nonbinding Agreement

April 24, 2020 12:10:22

Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE), a Canadian‐based exploration company, recently entered into a nonbinding cooperative agreement with Chinese tungsten and cobalt producer Hunan Jinxin, potentially opening the door to future agreements on mineral sourcing from PCRCF’s Cyclops Nickel-Cobalt project based in Indonesia ( An article discussing the company reads, “While extensive exploration of essential EV supply chain metals such as nickel and cobalt has been taking place at the project in Indonesia — a country known as the world’s largest nickel ore producer — Bolt Metals acknowledges that the possibility of proceeding to production at the site has yet to be established. . . . ‘The agreement does not imply that the company has made a decision to proceed to production without first establishing mineral reserves,’ a report clarification issued by Bolt Metals states. ‘The company has not made the decision to proceed to production and clarifies that any such statement if made in the future would be made in compliance with Companion Policy 43-101CP, 4.2(6) – Production Decision, which requires details of the significant risks associated with such a decision.’”

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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. For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at

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