Toronto, Canada, January 6, 2015 – KWG Resources Inc. (TSXV: KWG; Frankfurt: KW6),announces that it has received from the US Patent Office’s International Searching Authority the International Search Report in response to its application to patent a new process for the direct reduction of chromite utilizing natural gas, a carbon reductant, and a catalyst formulation. The Search Report indicates that the Searcher found the applicant’s claims are novel and that prior art does not teach or fairly suggest anything similar. The Report also indicates that the claims have industrial applicability as defined by PCT Article 33(4) because the subject matter can be made or used in industry.
“This is a major step forward in our prosecution of this patent application”, said KWG President Frank Smeenk. “We will now determine in which countries to seek patent protection of this process, beyond Canada and the United States of America. Our discussions and negotiations with chromite industry participants have helped us understand how and where this innovation might best be commercialized, as we have recently shared with Minister Rickford as he requested.”