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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

Post by Profit79on Oct 21, 2021 3:17pm
213 Views
Post# 34034147

Takeover

TakeoverThis is playing out exactly as I anticipated. I accumulated more btw, all the way up to .045 The share price will linger for a little, but no doubt that behind the scenes there are some i's being dotted and t's being crossed. Someone will be buying KWG out. Impossible to know how much, as my initial thought was far less than what NOT's valuation is but our corridor and Tony Marquis knowledge of haulage may change my initial thought. If KWG can prove that its electric rail veyer has the potential to haul major tonnage out and we have the only clear route out, it wouldnt surprise me if KWG goes for much more than I anticipated. All bets are off, this could go parabolic with how things are shaping up. 
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