KWG Resources Inc Announces Postponement of Annual and Special Shareholder Meeting Due to Pending Postal Strike

Rhea-AI Summary

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.

Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - KWG Resources Inc. (CSE: CACR) (CSE: CACR.A), which carries on business as The Canadian Chrome Company ("CCC", "KWG" or the "Company") announces that, following notice received yesterday from its registrar and transfer agent that, as a result of the strike notice issued by the postal workers union for May 23, 2025, the registrar and transfer agent would be prevented from sending out the Company's meeting materials for its upcoming annual and special meeting of shareholders, originally scheduled to be held on Tuesday, June 24, 2025 (the "Meeting"), the Meeting has been postponed and re-scheduled for Friday, July 18, 2025. The record date for shareholders entitled to attend and vote at the Meeting will remain May 20, 2025. It is anticipated that meeting materials will be mailed to shareholders on or about June 23, 2025.

About The Canadian Chrome Company:

KWG, which carries on business as The Canadian Chrome Company, is an exploration stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals including chromite, base metals and strategic minerals and, where applicable, in the development of transportation and electrification links to access remote areas where these deposits may be located. The Canadian Chrome Company is a registered business style of KWG Resources Inc.

In respect of chromite, KWG is the owner of 100% of the Black Horse chromite project (formerly part of Fancamp's "Koper Lake-McFaulds" properties) in which Bold Ventures Inc. is carried through exploration of the former Fancamp claims for 10% of the chromite project. KWG also holds other area interests including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project.

KWG also owns 100% of Canada Chrome Corporation (the "Subsidiary") which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has conducted a surveying and mineral and soil testing program to explore for minerals and to assess the prospects for the engineering and construction of a railroad or other transportation facility along that route between the Ring of Fire and Aroland, Ontario covering the claims staked by the Subsidiary. The Subsidiary identified deposits of aggregate along the route and made application for 32 aggregate extraction permits. The Subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies for Engineering Proposals for the construction of a transportation and utility corridor within the route to connect the Ring of Fire area to transportation and electrification systems which run through Nakina, Ontario (near Aroland) connecting to southern Ontario and the rest of Canada and has received those proposals. Those proposals include electrification systems connecting to several First Nations communities in the James Bay Lowlands including in the Ring of Fire area.

KWG has also acquired intellectual property interests, including a lower cost and reduced carbon method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada and one in each of the USA, South Africa and Kazakhstan, and is prosecuting an application in Turkey.

For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ info@canadachrome.com

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252992

FAQ

When is the new date for KWG Resources (KWGBF) annual and special shareholder meeting in 2025?

KWG Resources has rescheduled its annual and special shareholder meeting to Friday, July 18, 2025.

What is the record date for KWG Resources (KWGBF) 2025 shareholder meeting?

The record date for shareholders entitled to attend and vote at the meeting remains May 20, 2025.

Why did KWG Resources (KWGBF) postpone its 2025 annual shareholder meeting?

The meeting was postponed due to a postal workers strike scheduled for May 23, 2025, which would prevent the company's registrar from sending out meeting materials.

When will KWG Resources (KWGBF) mail its 2025 shareholder meeting materials?

KWG Resources anticipates mailing the meeting materials to shareholders on or about June 23, 2025.