NetworkNewsBreaks – Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Eyes Advancements of Cyclops Nickel Project as Indonesia’s Mining Law Revisions Aim to Remove Red Tape

May 19, 2020 08:47:22

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

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 to find out more.

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

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