KWG Resources Inc C.CACR

Alternate Symbol(s): KWGBF | C.CACR.A

Metals & Mining Copper

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.

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KWG Resources Inc > New Press Release - KWG Amends Option for Equity Conversion by CCC

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Comment by miner540on Jan 21, 2024 2:13pm

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Post# 35838037

RE:RE:RE:RE:RE:New Press Release - KWG Amends Option for Equity Conversion by CCC

Always believed the path forward for KWG involved FNC. The convertible debt represents about 1/3 of KWG's voting equity. The problem is the dynamics of Frank/Smith vs. Sharma/FNC Board. Hard to see any "kiss and make-up" with the Magpie/Smith hard feelings. White knight required to take-out both - starting with FNC.

Both companies and management fall well short from transparency and open communication to shareholders.

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Canada Nickel unveils second of seven resources planned by mid-2025