Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) today announced that the Cyclops Project License is now registered in the database of the Directorate General of Minerals and Coal, Ministry of Energy and Mineral Resources of the Republic of Indonesia with related physical documentation expected shortly. Despite challenges related to COVID-19, the Cyclops project site is secure with no known cases in the direct project area. The Jakarta head office and Sentani site camp and logistics base are operating at reduced levels, with field activities to recommence upon lifting of the nationwide lockdown. While movement is temporarily restricted, Bolt Metals continues to advance its business activities from offices in Vancouver, Jakarta and Shanghai. “While the pandemic has placed an enormous strain on the global economy, we are encouraged by Indonesia’s determination and plan to become a global hub for the production of material for the energy storage sector locally, and throughout Asia,” Bolt Metals CEO Ranjeet Sundher said in the news release. “The past 18 months of exploration and development on Cyclops has produced a robust project dataset, which will be used to advance our strategic initiatives in Indonesia, Asia and Canada. We are looking forward to resuming full operations with the ultimate goal of becoming a key player in the development of Asia’s battery materials supply chain.”
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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. Visit www.BoltMetals.com to find out more.
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