KWG Resources Welcomes the Federal Leaders' Attention to the Development Potential of the Ring of Fire

Rhea-AI Summary

KWG Resources (CSE: CACR) has expressed enthusiasm over recent attention from Prime Minister Mark Carney and Conservative Leader Pierre Poilievre regarding the Ring of Fire's development potential. The company highlights the important support from Webequie and Marten Falls First Nations, whose constitutional rights will influence the enterprise plan.

The company, operating as The Canadian Chrome Company, emphasizes that while the Ring of Fire represents one of Canada's premier mineral treasures, it's part of a broader landscape of untapped mineral deposits across the country. KWG draws parallels between the current situation and the 1942 development of Cuba's nickel industry, suggesting similar potential for mutual trade benefits between Canada and the U.S., particularly given current Arctic and Homeland Security priorities driving demand.

Positive

• High-level political support from both major party leaders
• Strategic backing from key First Nations communities
• Potential alignment with U.S. Arctic and Homeland Security priorities

Negative

• Project remains in early development stage with no concrete timeline
• Requires significant political and regulatory approvals to proceed

Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - KWG Resources Inc. (CSE: CACR) (CSE: CACR.A), which carries on business as The Canadian Chrome Company ("CCC", "KWG" or the "Company") warmly welcomes the attention that both Prime Minister Mark Carney and Conservative Leader Pierre Poilievre have recently directed toward the Ring of Fire's development potential as they vie to lead Canada at a pivotal moment in its trade relationship with the United States. The support of our friends and neighbours in the Webequie and Marten Falls First Nations — whose constitutionally protected traditional rights will shape the enterprise plan — is a powerful signal of unity and progress.

For over two decades, our Company has believed that the Ring of Fire is one of Canada's greatest mineral treasures. Yet, it's not the only one — Canada is home to a wealth of other extensive mineral deposits waiting to be tapped. Unlocking the potential of the Ring of Fire, alongside other rich Canadian mineral resources, presents a unique opportunity to highlight their value to U.S. and Canadian capital markets — a move that should resonate throughout North America and beyond.

With Arctic and Homeland Security priorities in the U.S. driving demand, the current circumstances echo and perhaps foreshadow a repeat of the mutual trade triumph of 1942, when the U.S. catalyzed the development of a nickel industry in Cuba to meet its urgent wartime needs. Our Company believes that today's opportunity can similarly be critical to Canada and to the U.S., promising economic growth and strengthened cross-border ties.

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/245873

FAQ

What is the significance of Ring of Fire development for KWG Resources (KWGBF)?

The Ring of Fire development represents a major opportunity for KWG Resources to tap into one of Canada's largest mineral treasures, with potential strategic importance for U.S.-Canada trade relations and security priorities.

How are First Nations involved in KWG Resources' Ring of Fire project?

Webequie and Marten Falls First Nations provide important support for the project, with their constitutionally protected traditional rights playing a key role in shaping the enterprise plan.

What political support has the Ring of Fire project received in 2025?

The project has received attention from both Prime Minister Mark Carney and Conservative Leader Pierre Poilievre, indicating high-level political interest in its development potential.

How does KWG Resources compare current opportunities to historical developments?

KWG draws parallels to the 1942 U.S.-driven development of Cuba's nickel industry, suggesting similar potential for mutual trade benefits between Canada and the U.S.