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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 pickdawinneron Nov 15, 2016 3:46pm
167 Views
Post# 25464930

spoke with Bruce

spoke with Bruce I was told that KWG know has 80 % of 50%  with Bold holding the remaining 20%  . In otherwords  KWG owes 40% Bold 10% and FNC 50%  of the BH deposit   the most important part of the agreement is that KWG is, and will be, the principal operator of the deposit  ... with regards  to the  patent process .. some news should be coming down the pipe shorty informing us as to the results of the testing done to date ...  I was also told that the years Moe was refering too was not in proving the process but  tweaking the process  for additional cost savings,  with that being said   I would have to agree with MD and Lou that the agreement with the FN is critical for the implementation of any infrastructure,  and for the black horse to be put into production.
Bullboard Posts