KWG Resources Inc.

Recent News

  • KWG Resources Files Natural Resources Canada Chromite Research Report

    Toronto, Ontario--(Newsfile Corp. - May 2, 2022) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") announces that it has received and filed as a Notice of Material Change on its SEDAR profile, a copy of the Canadian Chromite R&D Initiative Chapter 1.1 Chromite R&D Initiative - Background, Objectives, Approach and Summary of Accomplishments dated January 2022 and Canadian Chromite R&D Initiative Chapter 3.2.1 Direct Reduction of Chromite Conceptual Approach and Overview dated September...

    2022-05-02 9:27 AM EDT
  • RING OF FIRE Electrical Infrastructure Capex Study Finds Electrification of Marten Falls, Webequie, Eabematoong, Neskantaga and Nibinamik First Nations Economically Feasible with Rail-Veyor Tramway Installation

    Toronto, Ontario--(Newsfile Corp. - January 4, 2022) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") and Canada Chrome Corporation ("CCC") are pleased to announce their receipt of an Electrical Infrastructure Capex Report from OneLine Engineering, Engineering Branch of EPTCON Ltd., a Cormorant Utility Services Company (the "Electrification Plan").The report notes that previous project financings of such infrastructure capital cost were based on 30-year amortization for debt at an interest rate of 5% per year in 2012, when...

    2022-01-04 12:18 PM EST
  • KWG Issues Ferrochrome Warrants to Debentureholders

    Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce that it has completed the issuance of ferrochrome warrants of the Company ("Ferrochrome Warrants") to those (the "Debentureholders") who held $3,879,956 of convertible debentures (the "Convertible Debentures") which had been issued in 2017 and 2018 and whose December 2019 maturity dates were extended in December 2019 to March 26 and March 31, 2021. ...

    2021-12-31 4:30 PM EST
  • KWG Resources: Rail-Veyor and Cormorant Exercise Exchange Privilege

    Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") and its subsidiary, Canada Chrome Corporation ("CCC"), are pleased to announce that, in accordance with the provisions of the agreements entered into with Rail-Veyor Technologies Global Inc. ("Rail-Veyor") and Cormorant Utility Services Limited ("Cormorant") (see news release dated July 27, 2021), each of Rail-Veyor and Cormorant acquired common shares of CCC in payment of fees of $1,538,460 and $2,400,000, respectively, for their...

    2021-12-31 4:05 PM EST
  • RING OF FIRE 10 Million TPA Rail-Veyor to Cost US$657 Million, Designation as Mining Works for Gitchiziibii Company Bond Issue

    Toronto, Ontario--(Newsfile Corp. - December 23, 2021) - KWG Resources Inc. (CSE: KWG) (KWG.A) (FSE: KW61) ("KWG" or the "Company") and its subsidiary, Canada Chrome Corporation ("CCC"), are pleased to announce their receipt of an Engineering and Design Services Report from Rail-Veyor Technologies Inc. The report estimates that the capital cost of construction of a Rail-Veyor tramway system designed to transport 10 million tonnes of chromite yearly over 338 kilometres from the proposed underground workings of a potential mine at the Company's Black...

    2021-12-23 12:41 PM EST
  • Megan McElwain Appointed KWG President

    Toronto, Ontario--(Newsfile Corp. - November 15, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") ("KWG") is pleased to announce that Megan McElwain will be appointed the Company's President & COO effective January 1, 2022. Ms. McElwain leaves her role as the Vice-President and General Manager of the Canadian Chamber of Commerce. She was previously Director of Development of The Fraser Institute. Frank Smeenk will continue to be KWG's Chief Executive Officer. About KWG:KWG...

    2021-11-15 6:00 AM EST
  • KWG Announces Stock Split and Changes to Its Articles

    Toronto, Ontario--(Newsfile Corp. - November 1, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") ("KWG") is pleased to announce that, following obtaining shareholder approval at the Company's shareholder meeting held on September 21, 2021, the Company will implement the subdivision of its multiple voting shares (the "Multiple Voting Shares") on a basis of one (1) existing Multiple Voting Share being subdivided into three (3) post-subdivision Multiple Voting Shares (the "Stock Split"). The subdivision of Multiple...

    2021-11-01 4:30 PM EDT
  • Additional KWG Securities Acquired by Frank Smeenk

    Toronto, Ontario--(Newsfile Corp. - October 26, 2021) - Frank Smeenk is pleased to announce the acquisition on October 22, 2021 of ownership of an aggregate of $805,000 of convertible debentures (the "Debentures") through a private placement (the "Private Placement") completed by KWG Resources Inc. (CSE: KWG) (the "Issuer") (see the Issuer's news release dated October 22, 2021 for the terms of the Private Placement). The Debentures are convertible into an aggregate of 53,666 Units comprised of 107,332 Multiple Voting...

    2021-10-26 6:13 PM EDT