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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

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Post by fahrenheit911on Aug 25, 2016 3:07pm
130 Views
Post# 25177358

Plans for roads to Ring of Fire development in limbo with in

Plans for roads to Ring of Fire development in limbo with in

When asked whether any federal infrastructure money will go toward the Ring of Fire, a spokesperson for Infrastructure Canada said this week that it has not received any applications related to the development from the Ontario government.

Michael Gravelle, Ontario’s Minister of Northern Development and Mines, confirmed in an interview that no application has been made. He said that’s because Ontario won’t submit a request without the support of area First Nations and the province continues to negotiate with them in an effort to reach consensus.

“There’s still some important discussions that are taking place,” he said. “I continue to be optimistic that we can find a resolution whereby recommendations will come forward related to the road structure. ... I can’t see us moving ahead without the support of the First Nations.”

Mr. Gravelle said the province is also pressing the federal government “pretty hard” to match the $1-billion promised by Ontario.

https://www.theglobeandmail.com//news/politics/plans-for-roads-to-ring-of-fire-development-in-limbo-with-inconclusive-study/article31555369/?cmpid=rss1&click=sf_globe


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