Indonesia Undeterred in Plans to Become EV Battery Production Hub
Indonesia Undeterred in Plans to Become EV Battery Production Hub
VANCOUVER, British Columbia, April 15, 2020 – Bolt Metals Corp. (CSE: BOLT) (FRANKFURT: NXFE)
(OTCQB: PCRCF) (the “Company” or “Bolt Metals”) announces that Indonesia, in spite of COVID‐19
related challenges, continues pursuit of plans to construct multiple factories for production of battery‐
grade nickel chemicals for electric vehicles with priority use of in‐country nickel resources.
On April 7, 2020, Antara News published an interview with State‐Owned Enterprises Minister Erick
Thohir, in which he clarified that national strategic projects, including that to produce batteries for
electric vehicles along with South Korean company LG, will continue to run. "This project to produce
batteries is a long‐term one. If we were to build it in four years, it would become a reality. Will it be
postponed? No, this will continue.” Thohir stated. Indonesia should not lag behind neighbouring
nations in the production of batteries for electric vehicles. The minister has continued to conduct tight
mapping of national strategic projects.1
1See https://en.antaranews.com/news/145566/project‐for‐electric‐vehicle‐battery‐production‐to‐still‐run‐minister
About Bolt Metals
BOLT Metals 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. Visit https://boltmetals.com/ to find out more.
Bolt Metals Corp.
Ranjeet Sundher – President and CEO
(604) 922‐8272
Steve Vanry – CFO & Director
(604) 922‐8272
Sean Bromley – Director & Investor Contact
(778) 985‐8934
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