Pacific Rim Featured in Publication Discussing Indonesia’s Strategy to Ramp Up Nickel Supply
The Indonesian governments ambitious plans for the countrys EV industry are matched by the ambition of the companies working in the region.
NEW YORK, Feb. 25, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- Pacific Rim Cobalt Corp. (CSE:BOLT) (OTCQB:PCRCF) (XFRA:NXFE) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 40+ brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
To view the full publication, titled “Indonesia Consolidates Nickel Production to Feed Growing EV Battery Market,” visit: http://nnw.fm/9DkyR
With the Indonesian government providing support for nickel production, and factories being established to process the chemicals, Indonesia won’t just be a source of nickel-bearing ore — it will become a major market for the base metal.
The Indonesian government’s ambitious plans for the country’s EV industry are matched by the ambition of the companies working in the region. For Pacific Rim Cobalt Corp. (CSE:BOLT) (OTCQB:PCRCF) (XFRA:NXFE), this ambition is backed by the company’s impressive exploration successes in 2019. Testing on its wholly owned site revealed significant nickel and cobalt mineralization near the surface. These conclusions are based on several successful operations in the second half of 2019.
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt 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. For more information, visit the company’s website at www.PacificRimCobalt.com.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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