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KWG Resources Inc C.CACR

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

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

Bullboard Posts
Comment by oreelseon Apr 17, 2013 2:15pm
135 Views
Post# 21266561

RE: RE: Are These Juniors Wired into the World’s N

RE: RE: Are These Juniors Wired into the World’s N

http://ca.reuters.com/article/businessNews/idCABRE93F10N20130416?pageNumber=4&virtualBrandChannel=0     Following is article conclusion:

 

"Black Thor would produce 600,000 tons of ferrochrome at a furnace in nearby Sudbury, plus 1 million tons of ore concentrate for export. Cliffs plans to target customers in North America, Western Europe and Asia, and will no doubt court steelmakers near and far as it wraps up its feasibility study later this year.

 

An environmental assessment and consultations with local aboriginal communities are already under way. Some aboriginal leaders are wary of the upheaval that development could bring, and environmental groups worry about the impact on wetlands.

 

But CRT Capital Group analyst Kuni Chen does not see infrastructure or permitting issues as deal breakers.

 

"I think the project makes sense, the strategy makes sense, it's consistent with their approach to be a supplier of raw materials to the steel or stainless steel industry," he said.

 

Boor said the search for a joint venture partner will likely start in earnest by the end of this year, adding that so far there has been no lack of interest."

 

The last sentence is telling as it's KWG/CCC (not CLF) in the RR Driver's seat with no lack of interest.

Bullboard Posts