Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE), an Indonesia-based company focused on developing nickel-cobalt opportunities in the Asia-Pacific region, today reported that Indonesia has approved environmental impact studies for factories to produce battery-grade nickel chemicals in Morowali, Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said on Wednesday*. Pacific Rim is steadfast in its belief that Indonesia is an ideal jurisdiction to take advantage of the flourishing EV sector. “Indonesia continues to make significant strategic decisions and this latest announcement represents an important step in Pacific Rim Cobalt’s efforts to benefit from Indonesia’s rapid development as a leading market for all stages of the EV supply chain. With offices in Vancouver, Shanghai and Jakarta, Pacific Rim Cobalt is well positioned to leverage Asia’s global dominance in the battery manufacturing sector,” Pacific Rim Cobalt CEO Ranjeet Sundher stated in the news release.
To view the full press release, visit http://ibn.fm/zTUph
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.
*Reuters, January 8, 2020
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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