Bolt Metals Corp. announces that it has made application to the Canadian Securities Exchange , to reduce the exercise price of common share purchase warrants that were issued under the Company's private placement of units completed on February 6, 2020 from $1.04 per common share in the capital of the Company to $0.365 per Common Share , being the closing trading price of the Company's Common Shares on the Exchange prior [...]
Bolt Metals Corp. announces that it has made application to the Canadian Securities Exchange , to extend the term of common share purchase warrants that were issued under the Company's private placement of units completed on February 6, 2020, that were set to expire on February 6, 2021. The Warrants had an exercise price of $0.16 per common share and there were 6,184,704 issued and outstanding prior to the 6.5 to 1 share [...]
Bolt Metals Corp. announces that it has mutually agreed with 1261799 BC Ltd. to terminate the letter of intent announced September 17, 2020. About Bolt Metals 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 https://boltmetals.com/ to find out more. [...]
Bolt Metals Corp. announces that at market open on Thursday, September 24, 2020, its common shares will begin trading on a six and one-half old for one new share consolidated basis. There are currently 79,467,726 common shares issued and outstanding. Upon consolidation, there will be approximately 12,225,804 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the [...]
Bolt Metals Corp. announces the signing of a letter of intent for the acquisition of 1261799 BC Ltd. which will provide Bolt with an option to earn 100% ownership of the Cherry Creek Property, Nevada USA . Concurrent with the Proposed Transaction Bolt will complete a 6.5 old for 1 new share consolidation. Cherry Creek Property The Cherry Creek Property consists of 24 contiguous patented mineral claims in White Pine [...]
Indonesia’s cobalt potential highlighted as demand for alternative sources intensifies BOLT Metals observes increased investment into Indonesia’s battery metals supply chain VANCOUVER, British Columbia, June 03, 2020 -- Bolt Metals Corp. , an Indonesia-based company focused on developing battery mineral projects in the Asia‐Pacific region, noted the Financial Times reported that Huayou Cobalt , “China’s top cobalt [...]
Bolt Metals Corp. , an Indonesia-based company focused on developing battery mineral projects in the Asia‐Pacific region, is pleased to report Indonesia’s parliament has passed revisions to its mining law aimed at removing red tape and attracting investment into the sector. A leader in nickel production, Indonesia continues to update its national strategy and laws governing the minerals and mining sector, supporting their [...]
Bolt Metals Corp. is pleased to announce 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. In spite of COVID-19 related challenges, the Cyclops project site is secure with no known cases in the direct project area. The Jakarta head [...]
Bolt Metals Corp. 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 [...]
Bolt Metals Corp. has completed a debt settlement with three creditors . The Debt Settlement will result in an aggregate of $300,000.00 of indebtedness being retired in consideration for the issuance of 999,999 common shares at a price of $0.30 per common share. The indebtedness is held by three arm’s length parties. The Debt Settlement is subject to Canadian Securities Exchange approval. The securities issued under [...]
Bolt Metals Corp. is providing the following clarifications to its press releases of March 5, 2020, March 4, 2020 and February 27, 2020. The Company’s Cyclops project was the subject of historical estimates completed in 1952 and 1970. The Project does not currently host a mineral resource and the Company retracts any reference to the existence, of current mineral resources in the news releases either specifically [...]
Bolt Metals Corp. is pleased to announce that it has signed a non-binding Cooperation Agreement with Hunan Shijiyintian New Material Co., Ltd, an 100% wholly owned subsidiary of Hunan Jinxin New Material Co., Ltd. The Company and Hunan Jinxin will immediately commence negotiations with the intention of entering into one or more definitive binding agreements subject to further due diligence to be completed between the [...]