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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

Comment by startenouton Nov 05, 2022 12:25pm
144 Views
Post# 35075710

RE:Freeland

RE:Freeland

cashin17 wrote: Nothing.but the usual verbal diarrhea in speech, nothing from company.
see you in 6 - 9 months as hopefully something comes from one or the other mid recession.
GLTA but I'm not holding my breath

Cashin17, it looks like your timeline could be pretty close, if you can count on the Fed Gov to ever hit or keep a timelie. 

The fall economic statement acknowledged the ongoing development of a benefits-sharing framework that seeks to ensure Indigenous nations benefit from future resource development projects. Details about that framework, announced earlier this year, are expected in 2023.

For example, in northern Ontario alone, there are more than 26,000 active mining claims in what is called the Ring of Fire, an area just under 5,000 square kilometres, or nearly the size of Prince Edward Island. The development is setting up a battle between First Nations who want a larger say in development and Canada’s goal to ramp up its critical mineral strategy.

The government has spent nearly $6 billion in claims settlements with Indigenous nations this fiscal year, with an extra $1 million promised for next year. For example, in mid-October, the government of Canada paid more than $63 million to Niisaachewan Anishinaabe Nation following a claim that began 20 years ago over allegedly unauthorized construction and operation of two dams that flooded their community.
full article here:https://t.co/NdKLohl9jp

 

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