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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

Comment by investoraton Mar 02, 2021 6:27pm
158 Views
Post# 32698495

RE:RE:Environmentalists and pie wanters

RE:RE:Environmentalists and pie wantersI am going to disagree somewhat. I believe with Marquis timely arrival that something willl happen much sooner.
Such as buying a strategic rail.
Necessary to the Canada USA stategic metals plan
Connecting the ROF

CN to sell Algoma Central Railway: report

Process 'is ongoing,' CN states of sale status
2014-05-31ACRSaultSteMarietoHEARSTDAY1KA19
Algoma Central Railway file photo. (Kenneth Armstrong/SooToday)

CN Rail has confirmed it intends to sell the Algoma Central Railway (ACR) that runs between Sault Ste. Marie and Hearst.

The Manitoulin Expositor is reporting that CN has confirmed it has initiated the process of selling that line. A spokesperson for CN tells the Expositor that interested parties have been contactes and the process "is ongoing."

It is unclear at this time what a sale would mean for the Agawa Canyon Tour Train, a tourist attraction that runs seasonally bewteen Sault Ste. Marie and the Agawa Canyon.

 

SooToday has reached out to CN for comment and will update this story when more information is available.

This comes as part of CN's plan to sell "certain non-core lines in Wisconsin, Michigan, and Ontario," which was announced at an investors' meeting this past summer.

CN has not run any freight traffic on the southern half of the line since mid-April, the Expositor reports. It is now running freight only between Hawk Junction and Hearst.

The passenger train between the Sault and Hearst has not run since July 2015. The Missanabie Cree First Nation has taken the lead in attempt to renew passenger rail service along the ACR, and has been in negotiations with CN Rail and Transport Canada since 2017.

The province just invested $5 million last year on construction of a new train station for the Agawa Canyon Tour Train at the former St. Marys Paper site, near The Machine Shop. The building is currently still under construction, but will house a ticket office, departure lounge, exhibit area, and a gift shop.

– SooToday

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