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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. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.


CSE:CACR - Post by User

Post by wheelsonthebusson Dec 08, 2021 8:59am
202 Views
Post# 34209851

Globe says Noront hears Ford endorse Ring of Fire

Globe says Noront hears Ford endorse Ring of Fire

Globe says Noront hears Ford endorse Ring of Fire

 

2021-12-08 07:56 ET - In the News

 

The Globe and Mail reports in its Wednesday edition that the Ontario government is rewriting the way it consults first nations in the province's Far North in its attempt to accelerate plans to build a road to the remote Ring of Fire mineral discoveries. The Globe's Niall McGee and Jeff Gray write that indigenous groups that oppose the mining project accuse Premier Doug Ford of trying to do an end run. The Progressive Conservative government's fall economic statement last month included proposed changes to Ontario's Far North Act aimed at spurring the construction of an all-season road into the region. Mr. Ford's legislative changes would lift protections on 225,000 square kilometres of land in the Far North. The Ford government's proposed changes mean the province could potentially develop an area without unanimous first nations support. Noront Resources owns most of the mineral concessions in the region. It has long struggled to move its projects forward. Despite the long odds of development, Mr. Ford has made claims in recent weeks that the Ring of Fire could soon be part of a domestic supply chain to make batteries for electric vehicles -- even though Ontario has no such industry to speak of now.

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