steel would not exist
and buildings quickly crumble
steel, we cannot create lasting dreams!
by Andy Scott is clad in stainless steel
growing by 5 to 7% for 70 years
of our increasing use of metal because
it makes everything more durable
mineral claims over a 330 kilometer route
of unique high ground through
economic viability of mining chromite
and negative impact on the
ecologically sensitive wetlands
reducing chromite to ferrochrome alloy; natural gas
America for many decades will keep
its price low
ferrochrome at 1700 degrees in
electric arc furnaces
of natural gas reduction of chromite
"new art" and is the subject of global
at 1300 degrees, leading to much lower
gas reduction replacing the existing
method is equivalent to the power
needs of a country the size of Italy
fewer greenhouse gases
revolutionize ferrochrome production
KWG Resources Inc, carrying on business as The Canadian Chrome Corporation – CCC 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.
CCC 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 CCC’s equity in the JV) by CCC 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, CCC closed a transaction with Fancamp Exploration Ltd. whereby CCC 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.
CCCS’ CHROMITE MINERAL RESOURCES IN THE RING OF FIRE
Notes (1) 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.
CCC 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.
(2) 10% carried interest is held for Bold Ventures
KWG Resources Inc c.o.b. The Canadian Chrome Company