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 > Retrospect - Present

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Post by Wangotango67on Sep 17, 2024 9:01am

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Post# 36226855

Retrospect - Present

Few years ago
Wyloo bought Noront for approx $600 million.

Decided to sift Noront's 2021 stats orior to sale.
https://minedocs.com/21/Noront-CP-March-2021.pdf

In 2021 Noront had 458 million shares out
Wyloo owing 23.2% of shares
Bao Steel 5.4%

Here's KWG's ( CCC ) 2015 Tech Report
https://canadachrome.com/wp-content/uploads/2016/01/2015_12_15_NI-43-101-Updated-Mineral-Resource-Estimation.pdf

Basic 43 101 report
Yup... Black Horse needs more defining.

KWG Ties ?
30% interest in Big Daddy Deposit / 70% Wyloo

Bell Ringer ?
How hungry is Wyloo ?
Would they want more stake ( deposits ) in ring of fire ?
KWG is a mere 4km away.
Based on tech report - Black Horse is in close proximity to Eagle Nest.

Wyloo took Noront assets private.
Interesting.

Yes.... came across the 2023 article ( trillion dollar value ) ring of fire.
And.... Wyloo's estimate of their claims / deposit.
And Geo comments - which in my opinion down plays the ring of fire value.
How ? All depends what the miner converts the mineral into.
One can think simple concentrates or.... metal end product which commands big bucks.

I wonder if Wyloo thought of, Airships ?

Article:

It's been 14 years since Noront discovered chromite at McFaulds Lake, 500 kilometres northeast of Thunder Bay. But little has happened to tangibly move the yard sticks on road or mine construction.

With its financial heft, Wyloo may be up to the task.

Headed by Australian billionaire and mining magnate Andrew Forrest and his parentTattarang company, Wyloo is taking Noront private after acquiring all of its shares following last year’s bidding war with BHP.

That'll be on the plate of Andrew Forrest, who promised to be a hands-on owner with Eagle's Nest.

The founder of Fortescue Metals Group, one of the world’s major iron ore players, has been making global investments in green hydrogen ventures, and developing electric trains and ammonia-powered ships.

https://www.northernontariobusiness.com/regional-news/far-north-ring-of-fire/actions-speak-louder-than-words-says-wyloo-metals-ceo-on-their-ring-of-fire-plans-5267831

I like ( Wyloo's ) Andrew's forward thinking.
Smart.

I'll have to mull over KWG a bit more....
Easy to fall in love with high grade but i think it needs a few more drills.
Wonderful project.

Cheers...

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