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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 > 4 First Nations sign deal to build roads near Ring of Fire
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Post by Peace4All on Jun 18, 2024 12:15pm

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.

Comment by HaulJockey on Jun 18, 2024 12:59pm
Good to hear those bands are getting some needed upgrades to their local roads. Now all we need is a road that goes 200kms+ north from there. I'm sitting on my shares.
Comment by Peace4All on Jun 18, 2024 6:05pm
Same here......one of these days it just has to go...
Comment by lou64 on Jun 19, 2024 7:32am
While completing the EA for the northern route Ford inks a deal with Aroland to improve and reconstruct the southern portion of ROF route ... Looks like Ford believes it is all steam ahead !! Selling for penny flip with Wyloo / Gump playing ping pong fooling those that know no different ? Gump plays on both sides bid / ask https://www.cbc.ca/news/canada/thunder-bay/doug-ford-greenstone ...more  
Comment by wheelsonthebuss on Jun 19, 2024 8:10am
Lets cellabrate - now lets see a buyout or takeover asap ..
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