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 [...]
Pacific Rim Cobalt Corp. is pleased to announce that it has changed its name to Bolt Metals Corp. The name change will be effective on or about February 26, 2020. Trading in the Company’s shares on the Canadian Securities Exchange will continue under the stock symbol, "BOLT". Similarly, there will be no change to the Company’s trading symbol on the Frankfurt Exchange or the OTCQB. The Company is not [...]
— via NetworkWire — Pacific Rim Cobalt Corp. today announces its placement in an editorial published by NetworkNewsWire , one of 40+ brands in the InvestorBrandNetwork , a multifaceted financial news and publishing company for private and public entities. To view the full publication, “Indonesia Consolidates Nickel Production to Feed Growing EV Battery Market,” visit: http://nnw.fm/9DkyR Demand for [...]
Pacific Rim Cobalt Corp. is pleased to announce it has received 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. The project license will be transferred into a Foreign Investment License where it will be administered by the [...]
British Columbia, Feb. 06, 2020 -- Pacific Rim Cobalt Corp. is pleased to announce a non-brokered private placement for aggregate gross proceeds of $742,164.48. The Company intends to use the net proceeds from the Offering to fund development of its nickel-cobalt business in Indonesia as well as general working capital purposes. Pursuant to the Offering, the Company will issue 6,184,704 units at a price of $0.12 per Unit [...]
Pacific Rim Cobalt Corp. has completed a debt settlement with three creditors . The Debt Settlement will result in an aggregate of $60,000.00 of indebtedness being retired in consideration for the issuance of 400,000 common shares at a price of $0.15 per common share. The indebtedness is held by two arm’s length parties and one non-arm’s length party, a director of the Company. The Debt Settlement is subject [...]
Pacific Rim Cobalt Corp. , an Indonesia-based company focused on developing nickel-cobalt opportunities in the Asia-Pacific region, is pleased to report that Indonesia has approved environmental impact studies for factories to produce battery-grade nickel chemicals in Morowali, Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said on Wednesday*. The approval will allow investors, such as China's [...]
Pacific Rim Cobalt Corp. has completed a debt settlement with three creditors . The Debt Settlement will result in an aggregate of $225,000.00 of indebtedness being retired in consideration for the issuance of 1,500,000 common shares at a price of $0.15 per common share. The indebtedness is held by arm’s length parties and will not result in the creation of a new insider or a new control person. The Debt Settlement [...]
Results indicate: Strong leach recoveries Production of high-quality nickel and cobalt solutions Ability to produce high purity nickel and cobalt products VANCOUVER, British Columbia, Oct. 28, 2019 -- Pacific Rim Cobalt Corp. is pleased to announce final results from the recently completed detailed recovery process bench scale test program. The test program is being conducted by a extractive technology and mineral process [...]
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