Bolt Metals Corp. CEO Shares Rebranding Strategy in Exclusive NetworkNewsWire Broadcast
NEW YORK, Feb. 27, 2020 (GLOBE NEWSWIRE) -- via NetworkNewsAudio – Bolt Metals Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE), formerly Pacific Rim Cobalt
Corp., today announces the broadcast of its audio interview with NetworkNewsAudio (“NNA”), one of 40+ brands in the InvestorBrandNetwork (“IBN”).
The interview can be heard at: http://nnw.fm/h1QLn
Bolt Metals CEO Ranjeet Sundher joins NNW’s Stuart Smith in an interview that discusses the company’s market strategy as it evolves to become a specific player in the expanding electric vehicle supply chain in China and Indonesia. The company’s name change on Feb. 26, 2020, finalizes a transitioning and rebranding effort that has been in the works for some time.
“We’re very focused on production-grade battery metals in our region, and we’re now going to employ vertical mineral-to-market strategy and leverage our assets to the fullest,” said Sundher, a veteran of the mining and investor sector in southeast Asia for 25 years. “There’s no better place in the world to join the supply chain than from within Indonesia.”
Bolt Metals saw solid success in 2019 with drill results and nickel intersections exceeding expectations. The company’s flagship Cyclops laterite nickel-cobalt property features environmental and mining permits; comprehensive infrastructure, including year-round sealed road access; close proximity to air and sea transport links; gentle topography; and an experienced local workforce.
“From a drilling standpoint and a permitting standpoint, everything solidified as to what we hoped the project was and what it actually is,” Sundher says. “We then took the next step of sending a lot of our ore, our materials to a processing plant to see if this is going to be able to be processed in such a way that we can start to talk to offtake partners. The results were incredible!”
Sundher points to the project’s 99% recovery on nickel and 96% recovery on cobalt as two factors that made 2019 a pivotal year for the company. Those results provided solid evidence that Bolt Metal Corp’s Cyclops project, located in Papua Province, Indonesia, fits the supply chain criteria for the electric vehicle sector in Asia.