Indonesia Undeterred in Plans to Become EV Battery Production Hub
VANCOUVER, British Columbia, April 15, 2020 (GLOBE NEWSWIRE) — Bolt Metals Corp. (CSE: BOLT) (FRANKFURT: NXFE) (OTCQB: PCRCF) (the “Company” or “Bolt Metals”) announces that Indonesia, in spite of COVID-19 related challenges, continues pursuit of plans to construct multiple factories for production of battery-grade nickel chemicals for electric vehicles with priority use of in-country nickel resources.
On April 7, 2020, Antara News published an interview with State-Owned Enterprises Minister Erick Thohir, in which he clarified that national strategic projects, including that to produce batteries for electric vehicles along with South Korean company LG, will continue to run. “This project to produce batteries is a long-term one. If we were to build it in four years, it would become a reality. Will it be postponed? No, this will continue.” Thohir stated. Indonesia should not lag behind neighbouring nations in the production of batteries for electric vehicles. The minister has continued to conduct tight mapping of national strategic projects.11See https://en.antaranews.com/news/145566/project-for-electric-vehicle-battery-production-to-still-run-ministerAbout Bolt MetalsBOLT 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 https://boltmetals.com/ to find out more.Bolt Metals Corp.Ranjeet Sundher – President and CEO
(604) 922-8272
rsundher@boltmetals.comSteve Vanry – CFO & Director
(604) 922-8272
steve@vanrycap.comSean Bromley – Director & Investor Contact
(778) 985-8934
sean@theparmargroup.comReader AdvisoryThis news release may contain statements which constitute “forward-looking information” that are subject to risks and uncertainties. All statements herein, other than statements of historical fact, are to be considered forward-looking, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company and with respect to the results of exploration and prospective plans in regards to the Cyclops project. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Information provided in this document is necessarily summarized and may not contain all available material information. Although Pacific Rim Cobalt has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, success of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
