Bolt Metals Corp. provided an update on the Company’s 100% controlled, 5,000-hectare Cyclops nickel-cobalt project located in Papua province, Indonesia. During 2020 the Company’s planned development activities for Cyclops were put on hold as travel in Indonesia and access to the project were rendered virtually impossible due to the COVID-19 pandemic. The Company did however continue to pursue nickel and cobalt processing strategies and remained in discussions for possible relationships with Asia based end-users of nickel and cobalt. Restart of activities at Cyclops is anticipated in 2021 and will coincide with the re-opening of domestic travel, availability of personnel and supplies and access to the project. Cyclops features strong near-surface nickel and cobalt mineralization, environmental and mining permits, and comprehensive infrastructure including year-round road access. Last year Indonesia’s parliament has passed revisions to its mining law aimed at removing red tape and attracting investment into the sector. A leader in nickel production, Indonesia continues to update its national strategy and laws governing the minerals and mining sector, supporting their mandate to lead the world in battery metals and cathode material production capacity. The Company remains in dialogue with key industry players in the commodity suppliers to the international energy storage and electric vehicle battery space, and will provide updates in due course.