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. 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
Post by pickdawinneron Oct 10, 2013 3:38pm
174 Views
Post# 21808091

KWG comments on appeal

KWG comments on appeal
https://www.cbc.ca/news/canada/thunder-bay/cliffs-appeals-ring-of-fire-road-decision-1.1958407 Cliffs appeals Ring of Fire road decision KWG Resources official predicts little will come of Cliffs' appeal over mining road decision CBC News Posted: Oct 10, 2013 7:49 AM ET| Last Updated: Oct 10, 2013 7:49 AM ET The chromite-rich Ring of Fire region is located in northern Ontario's James Bay lowlands. The chromite-rich Ring of Fire region is located in northern Ontario's James Bay lowlands. (CBC) A spokesperson for KWG Resources says Cliffs Natural Resources is doing the prudent thing by filing notice of an appeal of a recent decision by the Ontario Mining Commissioner. The Mining Commissioner rejected Cliffs' bid for an easement to build a road over KWG mining claims, located in the James Bay lowlands of northern Ontario. A vice president with KWG said Cliffs had to meet a deadline to file notice of appeal, but he's not sure it will even proceed. "Our counsel has told us that the ruling that the commissioners wrote was very well written, and left very little room for appeal," Moe Lavigne said. Cliffs has said previously that the decision makes it difficult to continue justifying its Black Thor mining project in the Ring of Fire. KWG moves forward on mining plans Cliffs confirmed Wednesday it will appeal the decision in Divisional Court, and opted not to provide further comment on the matter. "The interpretation of the law may have significant negative ramifications for the development of mining claims," Cliffs said in a written statement. "It is inappropriate to comment further on specifics while this matter is before the Court." In the meantime, Lavigne said KWG will continue with mining plans of its own. "We now have another chromite deposit that we're working on in the Ring of Fire," Lavigne said. "It will support the railroad [that the company wants to build] and we're moving ahead with all the financing we need to get all the pieces put together."
Bullboard Posts