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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 Peace4Allon Oct 12, 2022 3:50pm
240 Views
Post# 35020514

Shoemaker Thinks Wyloo Not Interested in Sault Ste Marie

Shoemaker Thinks Wyloo Not Interested in Sault Ste Marie

Two term councilor, now running for mayor of Sault Ste. Marie, Matthew Shoemaker is of the view that Wyloo Metals is not interested in setting up a ferrochrome processing facility in Sault Ste. Marie: 

"I don't think there's any chance that the ferrochrome processing facility will come to the Sault, because I don't think the company that now owns the mineral deposits has any interest.  I frankly don't think the next council will have a decision to make on that," he said.

See article below:
 

Sault Ste. Marie mayoral hopefuls promise action on the environment and addictions

Mayor's seat is open with Christian Provenzano stepping aside after two terms

 

 
Four mayoral candidates sit at a table, with Ozzie Grandinetti speaking into a microphone.
Sault Ste. Marie mayoral candidates (from right) Ozzie Grandinetti, Robert Peace, Donna Hilsinger and Tobin Kern debate the issues at Algoma University Tuesday night. (Erik White/CBC)

With less than two weeks until election day, the five people who want to be the next mayor of Sault Ste. Marie squared off on two of the top issues facing the northern Ontario city.

The debate at Algoma University Tuesday night focused on climate change and the opiod crisis and would-be mayor Ozzie Grandinetti sees both as examples of how the Sault has taken a turn for the worse.

"The city is falling apart and the leadership is standing by and watching," said the former city councillor.

He says he would lobby the provincial governments to put more funding into mental health and addictions services in the Sault, while pushing the city toward carbon neutrality by planting more trees and switching to more electric vehicles.

Those environmental initiatives are also on the platform for current two-term councillor Matthew Shoemaker, who says he is one of the only mayoral hopefuls to lay out their ideas in a detailed plan.

 

"And I'll do it all in a way that won't skyrocket your taxes," he said, adding that his opponents "owe you the specifics about what they plan to do if elected, but very few provide this."

His council colleague and now election rival Donna Hilsinger says as mayor pushing the provincial government for more addictions funding will be at the top of her to-do list.

"If elected I will take action on day one," she said.

"We know it's not working, people are dying. People are dying every day."

 
Matthew Shoemaker speaks into a microphone
Matthew Shoemaker is looking for a promotion to the mayor's office after two terms on Sault Ste. Marie city council. (Erik White/CBC)

But political newcomer Robert Peace, who is also new to Sault Ste. Marie, says in his few years talking to people on the frontlines, more bureaucracy is not the prescription to the opiod crisis.

"We keep asking for more money to dump into a system that has shown no results," said Peace.

The film industry worker says he would instead focus on coordinating the efforts of volunteer agencies helping with those struggling with addiction and would like to see the city purchase old houses in the downtown core and fix them up for affordable housing. 

 

Tobin Kern says he was inspired to run for mayor of Sault Ste. Marie by the lack of action on climate change and would strive to make city operations emission free. 

The candidates were also asked about whether the city can expand its traditional industry economy, while promoting nature-based tourism.

Most candidates focused on the proposed ferrochrome smelter, which would see minerals from the Ring of Fire processed in the Sault. 

 
Tobin Kern sits at a table with an Algoma University sign behind him, speaking into a microphone
Tobin Kern says he was inspired to run for mayor of Sault Ste. Marie by the lack of action on climate change. (Erik White/CBC)

"Our city and our ecosystems have enough industrial pollutants to contend with already," said Kern.

"Unless we want to become a disaster tourism destination."

Peace and Grandinetti also say they're opposed to the smelter, while Hilsinger sees the example set by the electrification of the furnaces at Algoma Steel as a "opportunity to think differently" about the classic northern Ontario conflict between the economy and the environment.

 
Three smokestacks at the Algoma steel plant in Sault Ste. Marie are engulfed in smoke
Mayoral hopeful Donna Hilsinger says the electrification of the furnaces at Algoma Steel is a good example of how Sault Ste. Marie no longer has to choose the economy over the environment. (Erik White/CBC)

Shoemaker agrees, although he thinks the sale of the chromite deposits to Wyloo Metals earlier this year could take this long-simmering debate off the local agenda. 

"I don't think there's any chance that the ferrochrome processing facility will come to the Sault, because I don't think the company that now owns the mineral deposits has any interest.  I frankly don't think the next council will have a decision to make on that," he said.

"I support the industry that's here and I support expanding the industry that's here."


https://www.cbc.ca/news/canada/sudbury/sault-ste-marie-mayors-debate-municipal-election-1.6613019

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