Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) today updated shareholders on progress achieved during 2019 and its strategic goals for 2020 as it continues to develop Indonesia based nickel-cobalt opportunities to capitalize on the rapidly expanding global demand for rechargeable batteries used in electric vehicles (“EVs”). According to the update, the Company achieved several important milestones in 2019 and, during the second half of the year, continued bulk sampling, including excavation and sampling of test pits from the Cyclops project with a total of 530kg sent to Canada for the bench-scale test program and later pilot plant studies. Pacific Rim Cobalt completed its shallow drilling program in September, which confirmed elevated nickel and cobalt values from the surface of the laterite profile. “As CEO of Pacific Rim Cobalt, I would like to thank the Company’s shareholders for their continued support. I also thank my fellow directors, managers and employees for their continued hard work and their achievements in confirming the potential of the Cyclops Project,” Pacific Rim Cobalt President and CEO Ranjeet Sundher said in the news release. “We continue to make outstanding operational progress which forms the bedrock of our confidence as we move forwards knowing that we have an asset with outstanding potential both in today’s economic climate and even more so as the EV sector continues its astonishing growth in the years to come.”
To view the full press release, visit http://ibn.fm/vUy09
About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian-based exploration company focused on the acquisition and development of production grade nickel-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.
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at http://ibn.fm/PCRCF
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