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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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Comment by greasemonkieson Sep 06, 2017 12:22pm
139 Views
Post# 26661726

RE:The Latest Mining Minute

RE:The Latest Mining MinuteIf Martens Falls and effected First Nations partner on railway with KWG, how many more industries will benefit. I would assume there would be more than just mining, maybe forestry also. As we know forestry will help with building roads.

MEDIA RELEASE

Wednesday, September 6, 2017 FOR IMMEDIATE RELEASE

AGOKE DEVELOPMENT LIMITED PARTNERSHIP TO DEVELOP 10-YEAR OGOKI FOREST MANAGEMENT PLAN AND BEGIN TALKS WITH ONTARIO ON AN INTERIM ARRANGEMENT

THUNDER BAY, ON: Three months after calling for support for the interim management of the Ogoki Forest, officials from the Agoke Development Limited Partnership (ADLP) announced today that on June 26 they were notified along with their project partners that they were selected to develop the next 10-year Ogoki Forest Management Plan (FMP) and are beginning talks with Ontario to discuss their business plan on an interim arrangement while they develop a new permanent management model. These talks come as a result Ontario Ministry of Natural Resources Minister McGarry’s direction from June 2017.

The FMP will be undertaken with partners, Green Forest Management and Four Rivers Environmental Services Group. It puts them in a good position to secure a meaningful role within Canada’s Indigenous forestry sector. The planning is anticipated to take 2.5 years and will set the stage for the Ogoki Forest from 2020-2030. It will include involvement with the forest industry and local communities, and Indigenous communities in its management. The Ogoki Forest is located 400 km north-east of Thunder Bay immediately east of the Wabakimi Provincial Park and is approximately 10,900 km2 in size.

ADLP’s involvement in the forest management planning process represents a significant milestone towards building capacity to ensure indigenous communities have as say in what goes into the plan. Currently, out of approximately 41 forest management units with the province, less than 5, including ADLP, are governed by Indigenous companies. ADLP is made up of members of Aroland, Eabametoong and Marten Falls First Nations—members of Matawa First Nations Management.

Since 2015, ADLP has been harvesting fibre currently moving to the Longlac Lumber Inc. sawmill

and is working on a plan to restart the sawmill in Nakina that could bring long-term economic development to the region. It has also been a participant in the preparation of the Ogoki Forest 2017-2018 Annual Work Schedule and has successfully managed and administered provincial road funding. More recently, it has received the support of Greenpeace Canada - Forest Campaign for receiving long-term tenure in this forest.

The ADLP concluded their meeting today with plans to continue discussions with Ontario on an interim arrangement while they develop a new permanent management model and to meet with regional consuming mills to identify wood flow today and tomorrow in Thunder Bay. 


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