Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) today announced its receipt of approval from the OMBUDSMAN of the Republic of Indonesia for the registration of the Cyclops Nickel-Cobalt Project license in the Directorate General of Minerals and Coal and the Ministry of Energy and Mineral Resources of the Republic of Indonesia. Per the update, the project license will be transferred into a Foreign Investment License where it will be administered by the central government. As a result, the license will then be fully compliant with the Minister of Energy and Mineral Resources regulation No. 11 of 2018 regarding the procedure for the granting of licenses and reporting on mineral and coal mining business activities. “2019 was a pivotal year for us, and we’re pleased to carry this momentum into 2020,” Pacific Rim Cobalt CEO Ranjeet Sundher said in the news release. “Obtaining approval from Indonesia’s OMBUDSMAN is an important step toward our goal of securing strategic partnerships and participating in Asia’s growing battery metals supply chain.”
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About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian-based exploration company focused on the acquisition and development of production grade nickel-cobalt deposits, key raw material inputs for the growing lithium-ion battery industry. For more information, visit the company’s website at www.PacificRimCobalt.com.
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at http://nnw.fm/PCRCF
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