Canadian‐based exploration company Bolt Metals Corp.’s (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) optimism for the potential of its flagship Cyclops property in Indonesia was recently supported by comments made by Indonesian State-Owned Enterprises Minister Erick Thohir. An article discussing the company reads, “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 proceeding with those efforts despite the economic devastation being wrought by the novel coronavirus pandemic, which rapidly spread from nation to nation during the first quarter of the year, prompting swift restrictions on travel and commerce. . . . ‘This project (to construct multiple factories with priority use of in-country nickel resources) to produce batteries is a long-term one. If we were to build it in four years, it would become a reality,’ State-Owned Enterprises Minister Erick Thohir stated in the report (http://nnw.fm/8w34H), adding, ‘Will it be postponed? No, this will continue.’”
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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, both key raw-material inputs for the growing lithium‐ion battery industry. For more information, visit the company’s website at www.BoltMetals.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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