Bolt Metals Corp. announces it has closed a non-brokered private placement announced May 12, 2023, by issuing 714,928 units at CAD$0.35 per Unit for gross proceeds of CAD$250,225 . Each Unit is comprised of one common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at CAD$0.50 until June 5, 2025. The Company intends to [...]
Bolt Metals Corp. announces it intends to complete a non-brokered private placement of up to 714,286 units at CAD$0.35 per Unit for gross proceeds of up to CAD$250,000 . Each Unit is comprised of one common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at CAD$0.50 for two years from the date of issuance. In connection [...]
Bolt Metals Corp. is pleased to announce it has entered into a new conditional share sale and purchase agreement , pursuant to which Nickel Industries Ltd. has agreed to acquire 100% of the Company's interest in the Cyclops nickel-cobalt project . The Company and NIL had in December 2021 entered a similar agreement which did not close within its agreed timelines due to the decision by the Indonesian Government to revoke [...]
Bolt Metals announces it has implemented a consolidation of its issued share capital on the basis of one new common share for every ten currently outstanding common shares. Trading of the common shares on a post-Consolidation basis on the Canadian Securities Exchange and OTCQB will commence at market open on March 6, 2023. Immediately prior to the Consolidation, the Company had 14,981,415 issued and outstanding common [...]
Toronto, Ontario-- - Bolt Metals Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one post-consolidated common share for every ten pre-consolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 1,498,141 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of [...]
Bolt Metals announces it intends to consolidate the Company's issued share capital on a ratio of one new post-consolidated common share for every ten old pre-consolidated common shares. The Company currently has 14,981,415 issued and outstanding common shares and on completion of the Consolidation there is expected to be 1,498,141 issued and outstanding common shares, no fractional shares will be issued. Any fractional [...]
Bolt Metals Corp. announces its Indonesian subsidiary still awaits a decision from the Head of BKPM /Minister of Investment for Indonesia regarding possible reinstatement of the mining permit for the Cyclops nickel/cobalt Project. The Company's Indonesian advisors assisted in drafting an objection notice and have implemented additional measures to have the IUP extended. When available, the Company will provide updates [...]
Bolt Metals Corp. announces it is postponing the annual general and special meeting scheduled for March 29, 2022 . Bolt will post notice of a new meeting and record date once one is chosen in accordance with regulatory requirements. About Bolt Metals Bolt Metals 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 [...]
Bolt Metals Corp. announces it's Indonesian subsidiary received notification from the Head of BKPM /Minister of Investment for Indonesia that the mining permit for the Cyclops nickel/cobalt Project has been revoked. Bolt, through its Indonesian subsidiary has, for the last 4-years, been working with government agencies to register its license into the Directorate General Mineral and Coal, Ministry of Energy and Mineral [...]
Bolt Metals Corp. is pleased to announce it has entered into a conditional share sale and purchase agreement , pursuant to which Nickel Mines Limited has agreed to acquire 100% of the Company's interest in the Cyclops nickel-cobalt project . Pursuant to the Agreement and subject to approval of the Transaction by the shareholders of Bolt, Bolt and its subsidiaries will receive cash payments in the aggregate amount of [...]
Bolt Metals Corp. provides update on the Company's 100% controlled, 5,000-hectare Cyclops nickel-cobalt project located in Papua province, Indonesia . The Company has commenced processing the extension of the Cyclops mining license with the Directorate General Minerals and Coal "Minerba", as the current license is scheduled for renewal at the end of December 2021. Progress to date has been positive with the Company [...]
British Columbia, April 30, 2021 -- Bolt Metals Corp. today provided an update on the Company's 100-per-cent-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 [...]