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KWG Resources Inc C.CACR

Alternate Symbol(s):  C.CACR.A | KWGBF

KWG Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the discovery, delineation, and development of chromite deposits in the James Bay Lowlands of Northern Ontario. It is focused on two projects, which include Black Horse Project and Big Daddy Project. The Company’s Black Horse Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Black Horse chromite deposit, including over 1,024 hectares covered by four unpatented mining claims. The Big Daddy Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Big Daddy chromite deposit, including over 1,241 hectares covered by seven unpatented mining claims. The Company also owns a 30% interest in certain mining property claims contiguous to McFauld’s Lake in Ontario. Its subsidiaries include Canada Chrome Corporation, SMD Mining Corporation, Canada Chrome Mining Corporation, and Muketi Metallurgical General Partner Inc.


CSE:CACR - Post by User

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Post by investoraton Sep 24, 2019 11:50am
153 Views
Post# 30159105

noronts ferrochrome saf

noronts ferrochrome saf
A sham
it will never happen folks, but they are sure good on fooling people. The green movement will ensure this,,,,,


From a year ago



KWG Resources Inc., one of two significant Canadian mining companies involved in the Ring of Fire project, has won the Canadian patent for producing chromium iron alloys directly from chromite ore.

The company revealed it “intends to indicate upon publication of the issued patent that it is available for licence.”

The Ring of Fire is a large nickel and chromite mining deposit located more than 600 kilometres northwest of Timmins in the James Bay Lowlands near Webequie and McFaulds Lake. KWG owns large mining properties in the region.

Company CEO Frank Smeenk was pleased with the recent patent announcement, made in December.

“This is thrilling news for The Ring of Fire,” Smeenk said in a release. “We believe the direct reduction method can be combined with exceptionally low-cost Canadian energy to potentially provide this very large chromite discovery with tremendous production cost advantages,” he said.

Smeenk also said the method will also be improved by the further research work recently completed under the Chromite Research Project of Natural Resources Canada’s CANMET Mining laboratories.

“The award of this patent will enable us to now vigorously pursue an opportunity to further develop the process with pilot plant testing in one of the strategic locales that have been under consideration,” he said.

KWG is the operator of the Black Horse Joint Venture.

KWG also owns Canada Chrome Corporation, which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire.

KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas.

KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The national phase filings are under review in each of those jurisdictions, the company said in a release.

Four Northern Ontario communities are being considered as a location for a chromite refinery by Noront Resources, the other major player in the Ring of Fire development. Sudbury, Thunder Bay, Sault Ste. Marie and Timmins are other cities being considered.

READ HOW ITS CONNECTED TO KWG   GAS REDUCTION – KWG NATURAL GAS CHROMIUM IP DIRECT REDUCTION IN A SOLID STATE

 



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