The Canadian Chrome Company Announces ...
Rhea-AI Summary
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.
Positive
- Strategic preservation of access to Black Horse and Black Thor chromite deposits
- Prevention of claim forfeiture maintaining competitive economic value
Negative
- Transfer of 299 mineral claims reduces direct company control over assets
News Market Reaction
On the day this news was published, KWGBF declined 7.14%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - August 28, 2025) - The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A) (formerly KWG Resources Inc.) ("CCC", "KWG" or the "Company") is pleased to announce that it has transferred 299 mineral claims within its utility corridor, to The Gitchiziibii Company in Trust for Matawa Management as Trustee for the Matawa First Nations, AS THEIR INTERESTS MAY APPEAR. The claims were at risk of being forfeited, thus interrupting the contiguity of access to the Black Horse and Black Thor chromite deposits, which constitute their unique and substantial competitive economic value.
About The Canadian Chrome Company Inc.
The Canadian Chrome Company Inc. is an exploration stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals including chromite in the Ring of Fire, as well as other 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.
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 CCC 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/264360
FAQ
What mineral claims did The Canadian Chrome Company (CACR) transfer in August 2025?
Why did The Canadian Chrome Company transfer its mineral claims to The Gitchiziibii Company?
What are the key chromite deposits affected by The Canadian Chrome Company's claim transfer?
What is the new name of KWG Resources Inc?
