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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
Post by makesenceon Feb 27, 2015 12:45pm
153 Views
Post# 23472508

IS THIS WHAT FRANK UP TO IN EUROPE?

IS THIS WHAT FRANK UP TO IN EUROPE?TRYING TO FINALIZE A DEAL WITH PARTNERS. TIME WILL TELL. IT SURE TAKES A LOT OF PATIENCE TO STAY INVESTED IN KWG AS IT IS NOW A TWO PENNIES STOCK. COME ON FRANK GIVE US SOME NEWS. KWG Makes International Patent Claim; Steel And Chrome Giants Interested In Offtake And Marketing Alliance, Engineering And Construction Toronto, Canada, September 22, 2014 - KWG Resources Inc. (TSXV: KWG; Frankfurt: KW6), has filed an international patent application under the Patent Cooperation Treaty. This will provide KWG with the right to file patent applications in over 140 countries around the world in order to secure its rights to its new method of refining chromite ore into ferrochrome by means of natural gas. The disclosed subject matter of this PCT application is supported by results of ongoing metallurgical tests being conducted on behalf of KWG by XPS Consulting and Testwork Services. KWG has received expressions of interest in creating two strategic alliances: A global steel company has proposed to provide project engineering and construction expertise and to market intermediate products for primary stainless steel casting. In this regard, KWG is studying the opportunity to build a facility to produce custom-made stainless steel billets for global export to stainless steel makers for remelting and dilution with iron. A large ferrochrome producer has proposed a strategic marketing alliance for the global charge chrome market. The parties are mutually exploring terms for offtake agreements for such products that could support future project financing facilities. These plans are being developed based on the commercial potential of the new method of refining chromite ore into ferrochrome by means of natural gas disclosed in the patent application. The customized cast billets contemplated for production at the proposed casting plant could become an export vehicle for the combined content of Canadian chromium, nickel and iron and the hydro-electricity and natural gas consumed to produce them.
Bullboard Posts