02:04:57 EDT Sun 06 Jul 2025
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Bolt Metals Corp (3)
Symbol BOLT
Shares Issued 43,021,412
Close 2025-02-13 C$ 0.06
Market Cap C$ 2,581,285
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Bolt Metals welcomes gold price

2025-02-13 16:35 ET - News Release

Mr. Branden Haynes reports

BOLT METALS WELCOMES GOLD PRICE MOMENTUM AS IT PREPARES FOR 2025 EXPLORATION AT NORTHWIND PROJECT

Bolt Metals Corp. has welcomed the recent strength in price of gold and its potential positive impact on the company's Northwind gold project in Quebec. With gold prices expected to exceed $3,000 (U.S.) per ounce in 2025, Bolt is strategically positioned to leverage this strong market environment for growth and value creation.

Gold prices on the rise

Industry analysts predict continued upward momentum in gold prices, with projections ranging between $2,800 (U.S.) and $3,275 (U.S.) per ounce for 2025. This follows gold's exceptional 35-per-cent gain in 2024, driven by central bank purchases, geopolitical tensions and economic uncertainty. Major financial institutions, including Goldman Sachs and Citibank, anticipate gold to remain a safe-haven asset amid global market volatility. The dedollarization trend, led by countries diversifying reserves away from the U.S. dollar, continues to drive demand for physical gold, further supporting price stability (sources: InvestingHaven and Market Insiders).

Strategic timing for Northwind gold project

Bolt Metals' Northwind gold project, located in the gold-rich Abitibi region of Quebec, is primed to benefit from these market conditions. The project sits in a historically prolific gold belt and features high-potential exploration targets. Rising gold prices enhance the value of new discoveries, creating a compelling opportunity for further exploration and development.

"As central banks accelerate gold purchases and inflationary pressures persist, we see a strong case for gold prices remaining elevated," said Branden Haynes, chief executive officer of Bolt Metals. "This market environment is ideal for advancing our Northwind gold project, and we are committed to unlocking its full potential."

Next steps

Bolt Metals is planning its 2025 exploration program for Northwind, which is anticipated to include geophysical surveys and diamond drilling to define and test high-grade gold targets. With a bullish gold price outlook, the company is well positioned to deliver shareholder value through strategic development and exploration success.

About Bolt Metals Corp.

Bolt Metals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential. Bolt's portfolio of strategic properties provides target-rich diversification including: Northwind, gold project in the heart of the Windfall gold camp, Quebec; Soap Gulch, a copper Sedex project in Montana, and Switchback, a copper-silver project located in British Columbia. Bolt trades on the Canadian Securities Exchange under the symbol BOLT, on the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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