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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 Jonot21on Apr 10, 2023 5:23pm
171 Views
Post# 35387439

Feds will announce support Ring of Fire road 'when we're rea

Feds will announce support Ring of Fire road 'when we're rea

Feds will announce support Ring of Fire road 'when we're ready' | Sudbury Star

Ring of Fire, about 500 kilometres northeast of Thunder Bay, contains chromite, copper, nickel and palladium. There is no road access.

“Critical minerals are an integral part of the economy of the future and our government recognizes that,” Alghabra said this week in Sault Ste. Marie to tout his government’s 2023 budget.

The federal government earmarked $1.5 billion for its Critical Minerals Infrastructure Fund in the budget announced in late March. The provincial government has $1 billion set aside for Ring of Fire infrastructure.

Natural Resources Minister Jonathan Wilkinson has said Ottawa is considering matching Ontario’s commitment, subject to environmental impact assessments being done.

“Our government is working with provinces, with industry on rolling out those (dollars),” said Alghabra. “I don’t want to pre-empt a specific application or specific project that our government is in discussion with the province on.

 

 

https://thesudburystar.com/news/local-news/feds-will-announce-support-ring-of-fire-road-when-were-ready

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