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The mineral chromite is the only source of the metal chromium
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Without chromium, stainless steel would not exist -
Without stainless steel, our bridges and buildings quickly crumble -
Without chromite to make stainless steel, we cannot create lasting dreams! The Kelpies, in Scotland, sculptured by Andy Scott is clad in stainless steel -
Our need for stainless steel has been growing by 5 to 7% for 70 years Stainless steel improves the sustainability of our increasing use of metal because it makes everything more durable -
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Canada Chrome Corporation has staked mineral claims over a 330 kilometer route of unique high ground through the wetlands Low cost rail transport ensures the economic viability of mining chromite -
Rail transport will reduce the footprint and negative impact on the ecologically sensitive wetlands We value our natural environment -
Canada has a significant global advantage in reducing chromite to ferrochrome alloy; natural gas An oversupply of natural gas in North America for many decades will keep its price low Chromite is currently reduced to ferrochrome at 1700 degrees in electric arc furnaces KWG has invested in the development of natural gas reduction of chromite KWG's gas chromite reduction is "new art" and is the subject of global patent applications KWG's gas chromite reduction occurs at 1300 degrees, leading to much lower energy consumption -
The energy savings of KWG's chromite gas reduction replacing the existing method is equivalent to the power needs of a country the size of Italy -
KWG's gas chromite reduction releases fewer greenhouse gases KWG's gas chromite reduction will revolutionize ferrochrome production -
In honour of the treaty between the First Nations of this land and Crown, it is KWG's desire that the First Nations be partners in the Ring of Fire developments As partners and owners, First Nations could shape their future!
KWG Resources is an exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario, including 1,024 hectares covered by four unpatented mining claims (Fancamp Claims) approximately 280km north of Nakina, Ontario, which contains the Black Horse chromite deposit, named the “Black Horse Project” and 1,241 hectares covered by seven unpatented mining claims (Big Daddy Claims) approximately 280km north of Nakina, Ontario, which contains the Big Daddy chromite deposit, named the “Big Daddy Project”. The Corporation has a 30% interest in the Big Daddy Project.
KWG Resources is now the Operator of the Black Horse Joint Venture after it had acquired a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. The Corporation had the right to acquire: (i) up to an 80% interest in respect of chromite contained in the Koper Lake Project; and (ii) up to a 20% working interest in respect of the non-chromite minerals contained in the Koper Lake Project.
On September 1, 2022, KWG Resources closed a transaction with Fancamp Exploration Ltd. whereby KWG Resources purchased all of Fancamp’s interest in the Koper Lake claims which consist of 4 “legacy” mining claims. Fancamp retains a 2% Net Smelter Return Royalty. Under the pre-existing KWG-Bold Ventures Inc. Joint Venture agreement, and the Bold-Fancamp Option Agreement, Bold retains a 10% carried interest in chromite and a 40% working interest in all other metals found within the claims. Bold also possesses a Right of First Refusal on a 1% NSR covering all metals found within the claim group.
KWG RESOURCES’ CHROMITE MINERAL RESOURCES IN THE RING OF FIRE
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
Transport of raw ore from a small footprint underground mine in the “wetlands” to an integrated chromite reduction facility located on a brownfield site not only optimizes the economic sustainability, but also the development’s environmental and social sustainability.
KWG Resources is seeking its social licence for these developments by inviting the most affected First Nations to be both partners in and owners of the development.