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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 Peace4Allon Oct 24, 2023 2:40pm
112 Views
Post# 35698716

RE:Ontario's growth demands BIG infrastructure investments.

RE:Ontario's growth demands BIG infrastructure investments.Imagine if Indigenous Nations decide they want an equity share in KWG using federal money.  Will that have the potential to create a bubble in our stock price?  It would seem rather strange to have taxpayer money going into mining stocks - the country as a whole would be subsidizing the transfer of mineral wealth.  Perhaps that is sound policy, perhaps it is not.  Consider if the investments turn sour - as we have all experienced on this board - will the taxpayer also reimburse for losses?  Will it be a one way street - the Indigenous Nations get the upside but not the downside - at the country's expense?    Especially if some groups do well and others do not.  Those that chose well would be laughing; those that made poor choices will not be pleased.....It seems to be more complicated than it seems.
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