Pacific Rim Featured in Publication Spotlighting Dramatic Growth in Nickel Market
NEW YORK, Feb. 20, 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, “Indonesia Consolidates Nickel Production to Feed Growing EV Battery Market,” visit: http://nnw.fm/9DkyRDemand for electric vehicle batteries is pushing up production of nickel, especially in Indonesia, where the government is moving to benefit from its natural resources. One of the companies on the leading edge of this upward momentum is Pacific Rim Cobalt Corp. (CSE:BOLT) (OTCQB:PCRCF) (XFRA:NXFE), which is setting out a bold expansion plan following a successful exploration and development season in Indonesia last year.In light of the favorable government outlook and as a result of its ongoing efforts, Pacific Rim recently secured government approvals needed from the OMBUDSMAN of the Republic of Indonesia for the Cyclops project to move forward. The nickel and cobalt project has been found fully compliant with the updated mining registration process, meaning it is clear to progress.Pacific Rim Cobalt CEO Ranjeet Sundher commented: “2019 was a pivotal year for us, and we’re pleased to carry this momentum into 2020. Obtaining approval from Indonesia’s OMBUDSMAN is an important step toward our goal of securing strategic partnerships and participating in Asia’s growing battery metals supply chain.
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