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KWG Resources Inc C.CACR

Alternate Symbol(s):  KWGBF | C.CACR.A

Metals & Mining Industrial Metals & Minerals
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

KWG Resources Inc
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Comment by Stockgmon Jul 05, 2019 10:13am
141 Views
Post# 29889352

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big Picture

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big PictureIf you read the announcent  closely, you would have seen that KWG maintanes all obligations and liabilities. The other party might not even be in the mining business. To me, this means KWG still owns what is in the ground and only released the articles or something along those lines. I also mentioned that it would be good news FOR ALL involved in the ROF as Noront and KWG have a joint venture in Big Daddy mine. However KWG holds the staked railway line all the way down to Aroland . A line that Noront may have to use one day. Just the way I see it...

KWG has agreed to assume all of the Company's obligations and liabilities in relation to the Properties, and will indemnify the Company from any losses it may suffer as a result of any matter respecting the Properties
Read more at https://stockhouse.com/news/press-releases/2018/11/26/debut-diamonds-announces-engagement-of-kwg-as-sales-agent-board-changes-private#ZcXM64qWX0kTE5K5.99
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