Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

KWG Resources Inc C.CACR

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

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

Post by TequilaRose44on May 25, 2024 8:30am
197 Views
Post# 36057121

First Nation Chief Counters Ontario Premier’s ROF Timeline

First Nation Chief Counters Ontario Premier’s ROF TimelineMay 20, 2024

Premier Doug Ford and the chief of the Aroland First Nation are laying out differing timelines for tapping into the mineral-rich “Ring of Fire” in traditional First Nations lands.
Holding up an almost pinched-together thumb and index finger, Ford said at a public appearance in April that the provincial government and the First Nation are “that far away” from making a deal on the first 80-kilometre road into the 5,000-square-kilometre region.
But that statement might be “a little premature,” Aroland Chief Sonny Gagnon stated shortly after.
“There’s lots to discuss,” said Gagnon, who was elected in November. “But again, I’m very optimistic that we’ll come to a conclusion, hopefully within my two-year term here.”
The Aroland First Nation sits around 300 kilometres south of the Ring of Fire, a potential mining hotspot for its stores of metals and critical minerals that are needed for the clean energy transition. Ford has pushed to mine the region as part of a strategy to make Ontario an electric vehicle manufacturing hub, stating he would “hop on a bulldozer” himself to develop the area. But the province’s plans have been hotly contested for their impacts on Indigenous communities, biodiversity, and soil carbon storage.
Plus, there is currently no road access to the mineral riches, with the closest highway running through the Aroland First Nation. Ontario wants to build inroads in three phases, beginning with the 80-kilometre stretch through Aroland.
But  talks so far “haven’t really scratched the surface,” Gagnon said. “It’s still early stages of talking to our membership.”
Conditions on revenue-sharing, electrification, housing, and protecting the First Nation’s way of life still need to be discussed, he added. As well, the community’s housing infrastructure was built to accommodate fewer people than are currently living there, so resources would be further strained by an influx of outsiders if development moved forward.
Several other First Nations in and around the Ring of Fire have already reached deals with the province. Gagnon stressed that his community is “pro-development” but must get a good deal.
“One thing’s for sure: if C$90-billion worth of minerals is going to come out of the Ring of Fire, I’m not going to sit and watch that go by my front door,” he said. “We’re living in Third World conditions, and here’s an opportunity where we can manage to get out of these kinds of conditions and to be self-sustaining.”

<< Previous
Bullboard Posts
Next >>