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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 Jun 18, 2024 12:15pm
248 Views
Post# 36094117

4 First Nations sign deal to build roads near Ring of Fire

4 First Nations sign deal to build roads near Ring of Fire

4 First Nations sign deal with Ontario to build roads near Ring of Fire


BY THE CANADIAN PRESS ON JUNE 18, 2024.

Four First Nations have signed a deal with Ontario for new roads, other infrastructure projects and skills training as the province lays a foundation for plans to mine the Ring of Fire. Ontario Premier Doug Ford attends an announcement in Toronto on Friday, May 24, 2024. THE CANADIAN PRESS/Christopher Katsarov

GREENSTONE, Ont. – Four First Nations have signed a deal with Ontario for new roads, other infrastructure projects and skills training as the province lays a foundation for plans to mine the Ring of Fire.

The province says Animbiigoo Zaagi’igan Anishinaabek, Aroland First Nation, Ginoogaming First Nation and Long Lake #58 First Nation will see their roads that connect to the provincial highway system fortified and renewed.

Premier Doug Ford says the roads about 300 kilometres east of Thunder Bay, Ont., will support future critical mineral and resource development and will be built by First Nation workers.

The province is also giving $2 million to build the Migizi Plaza Rest Stop, which will serve as a hub for the nearby communities, and an area the province has dubbed the corridor to prosperity.

Aroland First Nation Chief Sonny Gagnon says the deal will bring benefits to his community.

The province is trying to create an end-to-end manufacturing chain for electric vehicle batteries and it sees northern Ontario’s Ring of Fire region as a prime source for the critical minerals needed.

Indigenous Affairs Minister Greg Rickford said the province is building consensus with First Nations for economic development.

“Building on the success of today’s announcement we believe we are in the best position any government has ever been to build out the corridor to prosperity for the benefit of isolated First Nation communities north of us and a real prospect of developing critical minerals in the Ring of Fire,” he said.

Several First Nations within the Ring of Fire region have said mining cannot occur without their prior informed consent.

Another mine outside that region, Greenstone Gold Mines, is set to officially open later this summer and will be one of the largest open pit mines in the country.

This report by The Canadian Press was first published June 18, 2024.

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