Pacific Rim Announces Name Change to Bolt Metals Corp. - Seite 2

This project development success has made it possible for the Company to attract the capital necessary to pursue ambitious milestones in 2020, which include preparations to commission and operate a pilot process test plant in Canada, which will contain an integrated circuit to produce high purity nickel and cobalt strip solutions, required to develop battery-grade material. The results of the pilot plant testing will then be used to establish the design criteria for the subsequent demonstration plant in Indonesia, which will produce nickel and cobalt products suitable to meet market specifications and to establish the design criteria for a commercial scale plant.

The Company’s strategy of actively engaging market players in China, Indonesia and Korea continues with ongoing dialogue with a focus on downstream users and commodity suppliers to the EV battery space. The Company looks forward to updating shareholders on its progress in the near future.

The developments are supported by the Company’s expanding international presence. This includes an operations office in Sentani, located 15km from the Cyclops Project, as well as offices in Jakarta, Shanghai and Vancouver which together, provide a full suite of human capital and expertise to ensure the Company’s continued growth.

About Pacific Rim Cobalt

Pacific Rim Cobalt is a Canadian‐based exploration company focused on the acquisition and development of production grade cobalt and nickel deposits, key raw material inputs for the growing lithium‐ion battery industry. Visit www.boltmetals.com to find out more.

Pacific Rim Cobalt Corp.

Ranjeet Sundher – President and CEO
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Steve Vanry – CFO & Director
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Sean Bromley – Director & Investor Contact
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Reader Advisory

This 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.