Pacific Rim Cobalt Corp (CSE:BOLT)
Pacific Rim Cobalt Corp. (CSE:BOLT, OTCQB:PCRCF, XFRA:NXFE) is a Canadian Securities Exchange listed exploration company based in Vancouver, Canada. The company is focused on the development of cobalt projects within Indonesia.
Pacific Rim Cobalt Corp. is a well-capitalized Canadian publicly listed company focused on the development of large, advanced cobalt projects within Indonesia. Our flagship asset, the Cyclops cobalt nickel project has an extensive historical work database and all requisite mining and environmental permits in place. Cyclops was specifically selected for its excellent mineral potential, modern infrastructure and strategic proximity to China, the worlds largest consumer of cobalt – a critical component to the burgeoning electric vehicle battery sector.
- Strong insider ownership (approx. 44%)
- Well financed with over $4 million in the treasury and $3 million “in the money” warrants.
- Extensive geological knowledge and business acumen in and around the Pacific Rim, specifically Indonesia.
- Advanced cobalt project with extensive historical work, providing a baseline of data from which to rapidly advance the project toward a production decision.
- Aggressive 2018 exploration and development program underway, including 2 drill rigs in operation.
- Poised to leverage the global shift from fossil fuels to renewable energy.
|As of April 2018|
|Warrants||16,000,000 (weighted avg 0.56)|
|Options||3,693,750 (weighted avg 0.40)|
Projects:The Cyclops Nickel-Cobalt Project is strategically located on the northern coast of Papua province, Indonesia, which provides direct shipping access to China, the world's largest EV battery market in the world. Detailed bathymetric studies have identified three locations along the coast, which appear to be favourable for the construction of a deepwater port site within the licence area.
The project is Production and Environmental permitted.
The Cyclops project was extensively explored by previous operators with a focus on nickel mineralization, during which time they completed 856 drill holes and 26 test pits. There is a historical resource on the project, please visit www.pacificrimcobalt.com for more details.
Sealed roads enable year-round access to the project area and connect it with the large town of Sentani, located about 15 kilometres to the east, and with Jayapura, the capital city of Papua province, located about 40 kilometres to the east.
President, CEO, Director
Mr. Sundher is the President of Canrim Ventures Ltd., a Singaporean advisory firm specializing in early stage project finance and structure and has raised over $40 million for companies in which he was a founder/partner. Ranjeet has over 20 years of capital markets experience and and has developed and sold several successful private and public companies. Previously founded Indogold Exploration, a Jakarta-based mining service firm.
Steve Vanry, CFA
CFO & Director
Mr. Vanry has 22-years professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting and financial reporting. His breadth of experience spans various industries, including; mining, oil and gas, renewable energy, high-technology and manufacturing. Mr. Vanry regularly consults for other listed companies in the role of director and/or senior executive. He holds the right to use the Chartered Finance Analyst (CFA) and Canadian Investment Manager (CIM) designations and is a member of the CFA Institute and the Vancouver Society of Financial Analysts.
Country Manager and Technical Supervisor
Mr. Talaska has over 30 years of experience in the mining and exploration industry. He has held senior positions with several companies both in Australia and SE Asia. In these roles he has extensive experience in project identification, open pit and underground mining, value adding and optimizing of mining operations and management of geological teams in the production and exploration environment. The above included the sourcing of cobalt rich ore suitable for direct feed to the Kambalda Nickel Smelter and led to the discovery of multiple Ni-Co laterites including the Bulong Ni-Co project.