Pacific Rim Cobalt Corp. (OTCQB: PCRCF) (CSE: BOLT) a resource company with assets located in close proximity to the world’s largest cobalt market, China, is pleased to announce it has officially opened a business development office in Shanghai.
The Company recently visited and met with several industry colleagues representing a variety of battery sector and resource industry interests in China. The strategic information gained from the visit was extraordinary and ultimately led to the decision to provide a more meaningful ongoing presence in the region. As a result, Pacific Rim Cobalt has added Mr. James Foster as an Advisor at its newly opened, centrally located offices in the Jing’an commercial district of Shanghai.
Mr. Ranjeet Sundher, CEO of Pacific Rim comments, “During our recent visit to China, the feedback we encountered was fantastic. China is aggressively leading the world in the battery sector and is equally forceful in its determination to build a robust supply chain network to bolster their significant investments in the space. We are looking to secure a Chinese partner, and this trip was the beginning of that process. Our meetings included some very informative sessions which highlighted our proximity to the Chinese marketplace, and several of the companies provided cobalt resource demand projections which crystalized our sense that the time is right to position a full-time business presence in the region. To that end, we welcome James as the Company’s in-country advisor and expect we will be regularly visiting this growing territory.”
James Foster notes, “China has been actively involved within the Indonesian resource market for some time. Industrial leaders here have argued that there has been a growing sense of over-reliance on Africa for some time now. This discussion has even been noted in recent western articles on the topic. Plus, the country is poised for the 2019 launch of the New Electric Vehicle (NEV) mandate which bears a striking resemblance to California’s Zero Emission Vehicle (ZEV) mandate and could significantly boost EV production demand. Subsequently, Chinese industry has been highly active in their pursuit of cobalt and have engaged in a number of pre-production offtake agreements. Lastly, there’s been a lot of investor demand in China as demonstrated when the country’s largest lithium battery maker, Contemporary Amperex Technology Ltd. raised approximately $850MM USD and soared 44% on IPO. Retail investors actually applied for 3,201 times the shares they were offered, and fund managers bid for 537 times the shares available. according to IFR, a Thomson Reuters publication. Its an exciting and busy time to be involved in the cobalt space and I’m delighted to have this opportunity with Pacific Rim.”
Sponsored Content Release. Click for Full Disclosure
X
Disclaimer
Sponsored Content Release
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Pacific Rim Cobalt Corp. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .
