Kwg Resources Stock Price, News & Analysis

The Canadian Chrome Company (CSE: CACR) has announced that its subsidiary, Canada Chrome Corporation (CCC), has signed a supplementary memorandum of agreement with AtkinsRéalis Canada Inc. for the Northern Road Link project. The agreement grants temporary access rights for geotechnical investigation and aggregate testing along CCC's proposed 330-kilometer Utility Corridor in northwestern Ontario.

The agreement allows for thirteen borehole locations to be tested for up to one year, with work expected to commence around September 15, 2025. This initiative supports the environmental assessment for a multi-use all-season road connecting the Marten Falls Community Access Road and Webequie Supply Road, benefiting both the Ring of Fire mining development and First Nations communities in the James Bay Lowlands.

The Canadian Chrome Company (CSE: CACR), formerly known as KWG Resources, has announced the transfer of 299 mineral claims within its utility corridor to The Gitchiziibii Company, which will hold them in trust for Matawa Management as Trustee for the Matawa First Nations. The transfer was strategic as these claims were at risk of forfeiture, which could have disrupted access to the valuable Black Horse and Black Thor chromite deposits.

KWG Resources (CSE: CACR), operating as The Canadian Chrome Company, has announced its decision to convert $2.54 million worth of Series 2024 convertible debentures into shares and warrants. The conversion will take place on August 5, 2025, following the first anniversary of the debentures' issuance.

The conversion will transform $2.5 million in principal and $43,495.70 in accrued interest into 2,119,699 Multiple Voting Shares and an equal number of warrants at a conversion price of $1.20 per unit. Each warrant will allow holders to acquire one additional Multiple Voting Share at $1.20 per share, exercisable until March 31, 2029, or within two business days of a qualifying takeover event.

KWG Resources (CSE: CACR), currently doing business as The Canadian Chrome Company, has announced plans to officially change its corporate name to The Canadian Chrome Company Inc. following shareholder approval at their July 18, 2025 annual meeting. The company intends to file Articles of Amendment to implement this name change on or around August 2, 2025.

KWG Resources (CSE: CACR), soon to be known as The Canadian Chrome Company, held its annual and special shareholders' meeting on July 18, 2025, with 40.38% of outstanding votes represented. Shareholders approved all four agenda items with overwhelming support, including: the reappointment of McGovern Hurley LLP as auditors (99.06% approval), election of eight board directors, amendments to the stock option plan (96.59% approval), and the company name change (98.75% approval).

KWG Resources (CSE: CACR), operating as The Canadian Chrome Company, has announced plans to acquire up to 50% equity in Newcon International Ltd. (Newcon Optik) in two stages. The first stage involves acquiring a 25% indirect interest valued at approximately CA$14 million, paid in CCC Multiple-Voting Shares at a 15% premium to current trading prices.

Newcon Optik, a manufacturer of night optical equipment and laser-based rangefinders for military and police organizations, has demonstrated strong financial performance with annual net income between $2.9-$6.1 million over the past five years. Additionally, KWG announced a private placement offering of up to 3 million Units at $10.00 each, with each Unit comprising four CCC Multiple-Voting Shares and two Warrants.

KWG Resources Inc. (KWGBF) has announced the postponement of its annual and special shareholder meeting due to an impending postal workers strike scheduled for May 23, 2025. The meeting, originally planned for June 24, 2025, has been rescheduled to July 18, 2025. The record date for shareholders eligible to attend and vote will remain May 20, 2025. Meeting materials are expected to be distributed to shareholders around June 23, 2025.

KWG Resources (CSE: CACR) has signed a significant Memorandum of Understanding with British trading house Maclaine Watson & Co on April 16, 2025. The collaboration aims to restore Maclaine Watson's dealer seat on the London Metal Exchange (LME) and explore the possibility of trading chromium metal in LME's twice-daily ring auctions.

The partnership is particularly notable as chromium has been designated as a critical mineral by the USA. The initiative could establish a important terminal market for chrome in stainless steel-making, benefiting Canada's development capital hedging mechanisms and improving access to global markets.

Maclaine Watson & Co, established in the early 19th century, was previously an LME ring-dealing member until 1985, with operations across London, Indonesia, and Singapore. The MOU specifies that neither party will have any financial obligations to the other.

KWG Resources (CSE: CACR) has signed a Memorandum of Understanding (MOU) with Maclaine Watson & Co, a British private investment and trading house, to explore the possibility of trading chromium on the London Metal Exchange (LME). The collaboration aims to reinstate Maclaine Watson's dealer seat on the LME and investigate the potential for chromium metal trading in the exchange's twice-daily ring auctions.

The partnership is strategically significant as chromium has been designated as a critical mineral by the USA. Maclaine Watson, founded in the early 19th century, was previously an LME ring-dealing member until 1985, with operations across London, Indonesia, and Singapore. While the MOU establishes no financial obligations between the parties, KWG views this relationship as important for developing a terminal market in chrome, a vital stainless steel-making commodity, potentially enhancing access to global markets and development capital hedging mechanisms for Canada.