NEW YORK, June 14, 2019 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - Pacific Rim Cobalt Corporation announces the availability of an audio press release titled, "Swelling Battery Demand Keeps Indonesian Nickel Sector Strong."
To hear the NetworkNewsWire Audio version, visit: http://nnw.fm/keQx6.
To read the full editorial, visit: http://nnw.fm/gO4b4.
The past twenty years has seen the demand for battery materials rise like never before. This upward movement has created an opportunity for countries with rich nickel deposits, such as Indonesia. By reforming laws and opening up the sector to foreign investors, these countries are seeing a boost to their economies and growing influence on the global stage. The growing demand also creates promising potential for savvy companies who are willing to seize the opportunity to mine Indonesia's mineral wealth.
To make the most of this market, Pacific Rim Cobalt has been operating in Indonesia, the largest nickel-producing nation in the world. With cobalt being a byproduct of nickel production, Indonesia remains in the running to potentially become the largest source of this critical battery mineral outside of Africa.
About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt 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. For more information, visit the company's website at www.PacificRimCobalt.com.
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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.
New York, New York
Source: Pacific Rim Cobalt Corporation