Apr 12, 2019 (NetworkNewsWire via COMTEX) -- Canada-based exploration company Pacific Rim Cobalt (otcqb:PCRCF) (xfra:NXFE) recently provided a shareholder update detailing the company's 2018 milestones and growth initiatives, as well as strategic goals for 2019. According to the update, the company's primary objectives for 2018 included exploration of its Cyclops Nickel-Cobalt Project, located in Jayapura Province, Indonesia. The company conducted extensive consultation with local stakeholders and regional government officials, resulting in overwhelming support for advancement of the Cyclops Project. In addition, in November of 2018, the company announced strong results from a mini-bulk sample at the project, bolstering Pacific Rim's long-held views that the shallow mineralization lends itself to low-cost, logistically straightforward drilling. Throughout 2019, the company intends to complete its Cyclops maiden resource estimate in accordance with National Instrument 43-101 standards, finalize processing option studies and testing, optimize its development plan through economic studies, confirm the optimal processing method for the site's resources, and commence formal negotiations with Easpring regarding a binding offtake agreement for nickel and cobalt sulphates.
To view the full press release, visit: http://nnw.fm/L0DDd
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 .
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company's newsroom at http://nnw.fm/PCRCF
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