NEW YORK, Jan. 11, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – NetworkNewsAudio announces the Audio Press Release (APR) titled “Global EV Demand Drives Scramble for Fresh Supplies of Vital Metals,” featuring Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) .
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Pacific Rim Cobalt’s Cyclops Nickel-Cobalt Project has returned positive initial sampling results. Further exploration work may help the company delineate a resource and build its way towards a definitive resource estimate. There appears to be no shortage of demand for battery metals, and the Cyclops Project is well placed to potentially service nearby battery-producing companies.
Pacific Rim Cobalt is exploring for cobalt in a jurisdiction that has produced some of the biggest mines in human history. Freeport-McMoRan Inc. developed the Grasberg mine in Indonesia. It is the world’s largest gold mine and second-largest producer of copper. The mine operates in the remote highlands of the Sudirman Mountain Range in the Papua province, located on the western half of New Guinea. Freeport-McMoRan and its predecessors have been the only operator of exploration and mining activities in the area since 1967.
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. The company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. For more information, visit the company’s website at www.PacificRimCobalt.com .
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Forward-Looking Statements
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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