The KWG Resources subsidiary Canada Chrome Corporation has filed applications with the Ministry of Natural Resources for thirty-two aggregate permits at sites that are located within the mineral claims covering the company's 308 kilometre-long railroad right-of-way. The sites were identified and investigated by Golder Associates during initial assessment work conducted for engineering feasibility studies as previously [...]
The KWG Board of Directors has authorized the expenditure of up to $200,000 more for the purchase of up to 31.9 million of its common shares by way of normal course purchases on TSXV. KWG has purchased for cancellation a total of 7,460,000 shares of the Company for $500,000, at an average price of $0.0664 per share since commencing its purchases following the announcement of its intention to do so last October. KWG's [...]
KWG has taken delivery of a 43-101 compliant resource estimate from Sibley Basin Group. The resource estimate is an update based on a 42-hole core-drilling program totaling 13,459 metres completed in March, and managed by the project operator, Cliffs Chromite Far North Inc. The objective of the program was to upgrade resources to the indicated and measured categories, suitable for use in mine design.
KWG and Cliffs Natural Resources have now had an opportunity to consider the results of the smelting test conducted with part of the bulk sample recovered during last winter's drilling program at the Big Daddy deposit. The test confirmed that the sample can produce a marketable charge chrome grade of ferrochrome product with relatively low energy consumption. However, the test experienced less than ideal conditions in the [...]
KWG delivered last Thursday its materials to comply with the Mining and Lands Commissioner's Order to File. The Order to File was issued on March 15, 2012 in consequence of the Minister of Northern Development and Mines referring to the Commissioner an application made to the Minister of Natural Resources ("MNR") under the Public Lands Act by a subsidiary of Cliffs Natural Resources Inc. ("Cliffs"), for an easement over [...]
The adjourned meeting of the shareholders of KWG was concluded in Toronto yesterday. The proposed resolution to amend the Company's Articles to provide shareholders with an ongoing option to consolidate each 50 of their common shares into one 50-vote share, re-convertible at any time into 50 single-vote shares, was passed by the majority of the minority ballot. In this ballot, all shares held by insiders who voted at the [...]
KWG and its subsidiary Canada Chrome have received an Order to File from the Ontario Mining and Lands Commissioner. It appears that an application made to the Minister of Natural Resources by 2274659 Ontario Inc., a subsidiary of Cliffs Chromite Ontario, for the grant of an easement under s.21 of the Public Lands Act, has been referred to the Mining Commissioner by the Mining Recorder's office of the Ministry of Northern [...]
KWG announces that it has completed the previously announced acquisition of 49 unpatented claims from INV Metals Inc. in consideration of 3 million treasury units each comprised of one share and one 5-year warrant exercisable at $0.12. The claims are located south of McFaulds Lake and the Ring of Fire and complete an important section of the railway corridor staked by KWG subsidiary Canada Chrome Corporation. The acquired [...]
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