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Bullboard - Stock Discussion Forum 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... see more

CSE:CACR - Post Discussion

KWG Resources Inc > Natural Resources Canada says:
View:
Post by TequilaRose44 on May 17, 2024 8:46am

Natural Resources Canada says:

Government of Canada and the United States Co-Invest to Strengthen Critical Mineral Value Chains
May 16, 2024                 Ottawa, Ontario               Natural Resources Canada
The development of secure, sustainable North American supply chains requires close collaboration among like-minded partners. That is why Canada and the United States are co-investing in strategically important Canadian critical minerals projects and working to strengthen our supply chains through the Canada-U.S. Energy Transformation Task Force, which was recently renewed for another year. We are accelerating projects and attracting capital to Canada that will develop the critical minerals essential for continental security and our clean energy future.
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced the first co-investment with the U.S. in two Canadian companies developing deposits of critical minerals — Fortune Minerals Limited located in the Northwest Territories and Lomiko Metals, Inc. in Quebec. The two companies are receiving funding from both Canada and the U.S. to accelerate their projects towards production.
Canada’s investment of C$4.9 million in Lomiko will fund pilot plant testing to convert flake graphite into battery-grade material and is joined by an American investment of US$8.4 million through the Defense Production Act Investments (DPAI) office. Canada’s investment of up to C$7.5 million to Fortune will advance engineering and processing for the development of the company’s NICO project to ensure a reliable North American supply of bismuth, in addition to cobalt, copper and gold, and is joined by an American investment of US$6.4 million through the DPAI office. Both investments build on previous Government of Canada funding for Fortune and Lomiko and will support defence applications and the growing demand for long-duration energy storage and electric vehicles.
This announcement is a landmark example of the close bilateral collaboration under the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration and the Canada-U.S. Energy Transformation Task Force, for which it is also a key deliverable. 
Co-investment in Canadian projects of strategic importance, like Fortune and Lomiko, supports the U.S. and Canada’s shared vision of strong, sustainable North American critical mineral supply chains. It is this kind of cooperation and integration that will allow us to seize the generational opportunity of the global transition to net zero.

Quotes

“Canada is positioning itself as a global leader in the supply of responsibly sourced critical minerals for the green and digital economy. Through our work with the United States and other allies, we are developing secure critical minerals value chains that will power a prosperous and sustainable future.” 
The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources
 

Quick facts

  • In March 2024, Minister Wilkinson announced an investment in Fortune of C$714,500 for a pilot hydrometallurgical process to produce high-purity cobalt sulphate.
  • In 2023, Canada’s National Research Council provided up to C$500,000 to Lomiko to continue advancing pre-feasibility-level battery trials with its La Loutre natural flake graphite concentrate. 
  • Announced in January 2020, the Canada-U.S. Joint Action Plan on Critical Minerals advances both countries' common interest in strengthening North American critical mineral production needed for defense, aerospace, clean energy, communications and other key industries. 
  • Over the last few years, Canada has made landmark investments across a range of critical mineral and zero-emission-vehicle supply chain projects in Canada. Canada is actively providing support across the industry under the CA$3.8-billion Canadian Critical Minerals Strategy to address barriers through funding and collaboration with provincial and territorial governments, Indigenous groups, mining companies and other Canadian and international partners. 
  • Critical mineral projects in Canada are further supported by the Clean Technology Manufacturing investment tax credit, which bolsters investment in the mining and processing of six critical minerals essential for clean technology supply chains: lithium, cobalt, nickel, graphite, copper and rare earth elements.
Comment by Mistyblue on May 17, 2024 7:06pm
TQR44 what a sham period, a PQ Lib pumping  vote getting public funds into a non contender stock... jT is in a bg F in jamm and needs all PQ'rs to fill the slush fund before the next election It may be sooner than we think.   JMO...   MB...
Comment by wheelsonthebuss on May 18, 2024 11:35am
Maybe this guy can help ?
Comment by Patentpending1 on May 18, 2024 6:38pm
Thank you T.   Thank you for showing us No minds the importance of the critical metals AND the Colaboration between the North American Countries in regards to who will most likely succeed in turning all involved into the envey in stainless production of the world. Win for Can and USA and the bands and possibly the World.   Misty WheelsNo Minds.
Comment by wheelsonthebuss on May 19, 2024 9:50am
WHEELS wants some of this 
Comment by wheelsonthebuss on May 19, 2024 9:59am
Patent your ladies are waiting  - O YAYA !
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