The Canadian Chrome Company Inc. Responds to Recent News Release by Marten Falls First Nation
The Canadian Chrome Company Inc. (CSE: CACR) has issued a response to clarify misunderstandings regarding their August 28, 2025 news release about the Ring of Fire development project. The company, through its subsidiary Canada Chrome Corporation (CCC), has arranged for Gitchiziibii Company to act as an interim trustee for the Corridor Claims, which are intended to be transferred to an Indigenous Enterprise benefiting Matawa First Nations members.
The company's vision includes developing transportation and electrification systems along the Corridor Claims to serve both mining operations and Indigenous communities. CEO Frank Smeenk emphasized their 15-year history of supporting First Nations access and services in the James Bay Lowlands, including backing Marten Falls First Nation's Muketi village and Aerodrome development proposal.
La Canadian Chrome Company Inc. (CSE: CACR) ha diffuso una risposta per chiarire fraintendimenti riguardo al comunicato stampa del 28 agosto 2025 sul progetto di sviluppo Ring of Fire. Attraverso la sua controllata Canada Chrome Corporation (CCC), ha predisposto che la Gitchiziibii Company agisca da trustee ad interim per i Corridor Claims, che si intende trasferire a un’Impresa Indigena che beneficia i membri delle Matawa First Nations.
La visione dell’azienda prevede lo sviluppo di sistemi di trasporto ed elettrificazione lungo i Corridor Claims per servire sia le operazioni minerarie sia le comunità indigene. Il CEO Frank Smeenk ha sottolineato i 15 anni di impegno nel supportare l’accesso e i servizi alle First Nations nelle James Bay Lowlands, inclusa la partecipazione al sostegno del villaggio Muketi della Marten Falls First Nation e della proposta di sviluppo dell’aerodromo.
La Canadian Chrome Company Inc. (CSE: CACR) ha emitido una respuesta para aclarar malentendidos sobre su comunicado de prensa del 28 de agosto de 2025 acerca del proyecto de desarrollo Ring of Fire. A través de su subsidiaria Canada Chrome Corporation (CCC), ha designado a la Gitchiziibii Company para actuar como fideicomisario interino de las Corridor Claims, que se pretende transferir a una Empresa Indígena que beneficiará a los miembros de las Matawa First Nations.
La visión de la empresa incluye desarrollar sistemas de transporte y electrificación a lo largo de las Corridor Claims para servir tanto a operaciones mineras como a comunidades indígenas. El CEO Frank Smeenk enfatizó sus 15 años de apoyo al acceso y servicios para las First Nations en las James Bay Lowlands, incluida la prioridad al desarrollo de Muketi village y el Aeródromo propuesto por Marten Falls First Nation.
Canadian Chrome Company Inc. (CSE: CACR)가 2025년 8월 28일 Ring of Fire 개발 프로젝트에 관한 보도자료의 오해를 해소하기 위한 입장을 발표했습니다. 자회사 CCC를 통해 Gitchiziibii Company를 Corridor Claims의 임시 수탁자로 지정했으며, 이 청구권은 Matawa First Nations 구성원들에게 이익을 주는 Indigenous Enterprise로 양도될 예정입니다.
회사의 비전은 Corridor Claims를 따라 운송 및 전력화 시스템을 개발하여 채굴 작업과 토착 공동체 모두에 서비스를 제공하는 것입니다. CEO Frank Smeenk는 James Bay Lowlands에서 First Nations의 접근성과 서비스를 15년 간 지원해 왔으며, Marten Falls First Nation의 Muketi 마을 및 항공기 육상 제안의 개발을 뒷받침해 왔다고 강조했습니다.
La Canadian Chrome Company Inc. (CSE: CACR) a publié une réponse afin d’éclaircir des malentendus concernant leur communiqué du 28 août 2025 sur le projet de développement Ring of Fire. Par l’intermédiaire de sa filiale Canada Chrome Corporation (CCC), elle a nommé Gitchiziibii Company comme fiduciaire intérimaire pour les Corridor Claims, qui devraient être transférés à une Entreprise Autochtone bénéficiaire des membres des Matawa First Nations.
La vision de l’entreprise prévoit de développer des systèmes de transport et d’électrification le long des Corridor Claims afin de servir à la fois les opérations minières et les communautés autochtones. Le PDG Frank Smeenk a souligné leurs 15 années de soutien à l’accès et aux services pour les First Nations dans les James Bay Lowlands, y compris le soutien au village Muketi de Marten Falls First Nation et à la proposition de développement d’un aérodrome.
Canadian Chrome Company Inc. (CSE: CACR) hat eine Stellungnahme veröffentlicht, um Missverständnisse im Zusammenhang mit ihrer Pressemitteilung vom 28. August 2025 zum Ring of Fire-Entwicklungsprojekt zu klären. Über ihre Tochtergesellschaft Canada Chrome Corporation (CCC) hat sie Gitchiziibii Company als vorläufigen Treuhänder für die Corridor Claims eingesetzt, die auf eine Übertragung an ein Indigenous Enterprise zugunsten der Mitglieder der Matawa First Nations vorgesehen ist.
Die Vision des Unternehmens sieht vor, entlang der Corridor Claims Transport- und Elektrifizierungs systeme zu entwickeln, um sowohl Bergbauaktivitäten als auch indigene Gemeinschaften zu bedienen. CEO Frank Smeenk betonte ihre 15-jährige Geschichte der Unterstützung des Zugangs und der Dienstleistungen für First Nations in den James Bay Lowlands, einschließlich der Unterstützung des Muketi-Vororts der Marten Falls First Nation und des vorgeschlagenen Aerodrome-Projekts.
شركة Canadian Chrome Company Inc. (CSE: CACR) أصدرت رداً لتوضيح سوء الفهم بشأن بيانها الصحفي في 28 أغسطس 2025 حول مشروع تطوير Ring of Fire. من خلال شركتها الفرعية Canada Chrome Corporation (CCC)، حددت Gitchiziibii Company لتكون الوصي المؤقت لـ Corridor Claims، التي من المقرر أن تُنتقل إلى مشروع مؤسسي أصلي يعود بالنفع إلى أعضاء Matawa First Nations.
تشمل رؤية الشركة تطوير أنظمة النقل والكهرباء على طول Corridor Claims لخدمة كل من عمليات التعدين والمجتمعات الأصلية. وأكد الرئيس التنفيذي فرانك سمينك أن لديهم 15 عامًا من الدعم للوصول والخدمات المقدمة لـ First Nations في James Bay Lowlands، بما في ذلك دعم قرية Muketi لـ Marten Falls First Nation ومقترح توسعه لمطـار.
加拿大铬业控股公司（加拿大证券交易所：CACR）已发布回应，澄清关于其2025年8月28日关于环火项目（Ring of Fire）的新闻稿所产生的误解。通过子公司Canada Chrome Corporation (CCC)，公司已安排让Gitchiziibii Company担任 Corridor Claims 的临时受托人，相关权利拟转让给一个使 Matawa First Nations 成员受益的原住民企业。
公司愿景包括在 Corridor Claims 上发展运输与电气化系统，以服务矿业运营与原住民社区。首席执行官 Frank Smeenk 强调了他们在詹姆斯湾低地（James Bay Lowlands）支持第一民族获取与服务的十五年历史，其中包括支持 Marten Falls First Nation 的 Muketi 村及其航空站开发提案。
- Company demonstrates long-term commitment to Indigenous partnerships and community development
- Strategic corridor claims positioned for transportation and electrification infrastructure development
- Support for environmental assessment process through signed memorandums of agreement
- Miscommunication with Marten Falls First Nation indicates potential relationship challenges
- Complex transition process for corridor claims ownership could face implementation hurdles
Toronto, Ontario--(Newsfile Corp. - September 15, 2025) - The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A), formerly KWG Resources Inc. (the "Company") has reviewed the news release issued by Marten Falls First Nation on September 11, 2025 and respectfully believes that there has been some confusion regarding the Company's news release on August 28, 2025 and that the Company's statements in that news release were misunderstood or misinterpreted.
"We sincerely regret any misunderstanding," said Frank Smeenk, the Company's Chief Executive Officer. "For more than fifteen years the Company has been advocating support for access and services for the First Nations in the James Bay Lowlands in numerous ways. Throughout that time, we have supported the proposal by Marten Falls First Nation for the development of the Muketi village and Aerodrome business unit of the Marten Falls First Nation to provide year-round access and accommodation for the exploration work in the Ring of Fire. To this day, we continue to support that proposal by Marten Falls First Nation."
"As well," Mr. Smeenk added, "more than a decade ago we identified what we believed to be the best and perhaps the only reasonable route for land transportation from Nakina through the James Bay Lowlands to the Ring of Fire and the First Nations communities of the area. We then staked mineral exploration claims along that route (the "Corridor Claims"). For much of that time, we have been advocating the transfer of those Corridor Claims to a trust or other entity with individual members of the First Nations of the area as the beneficiaries/owners of the trust or entity as an Indigenous enterprise (the "Indigenous Enterprise"). The purpose of that Indigenous Enterprise would be for developing transportation and electrification systems along the Corridor Claims and branching from those Corridor Claims both to serve the mining businesses to be developed in the area and also to serve the Indigenous communities of the area – with roads and electricity and other services and opportunities that can come with them. Our vision and our intentions have been published over these past many years in various ways – in news releases, in newspaper advertisements and in our management's discussion and analysis filed on sedarplus.ca. Our recent news release was our most recent step in furtherance of that effort."
The Gitchiziibii Company Inc. (the "Gitchiziibii Company") was incorporated on November 24, 2021 by Adrienne Okeese when she decided to return to her traditions and roots in Ogoki Post. Her mother, Vida Baxter, agreed to serve as the Gitchiziibii Company's sole director. Adrienne is the Gitchiziibii Company's President and its head office is in her home at Ogoki Post. “When I chose the name Gitchiziibii for our company, it was to honour my people,” said Adrienne. “The people of the big river. Who knows, the Ring of Fire may make our big river as famous as the Mississippi!”
The Gitchiziibii Company has been engaged as an agent by Canada Chrome Corporation ("CCC"), a wholly owned subsidiary of The Canadian Chrome Company Inc. As that agent, the Gitchiziibii Company has agreed to accept a transfer of the Corridor Claims as an interim successor trustee with the intention of transitioning those Corridor Claims to an Indigenous Enterprise for the benefit of the members of the First Nations of the area, the Matawa First Nations.
The reason for doing this is so that the Corridor Claims will not be permitted by the Ontario government to expire but instead be excluded from the times within which assessment work is required to be filed. This will provide an opportunity for the Indigenous Enterprise to be established in a manner and on terms to be discussed and settled among applicable parties.
CCC's parent company, The Canadian Chrome Company Inc., believes that the transport of chromite along transportation systems to be constructed over the Corridor Claims will grow into a very substantial business. Concurrently with the development of those transportation systems for the proposed mining businesses of the area, roads can also be developed to access many of the First Nations communities of the area, along with electrification systems to connect those communities to the Ontario Power Grid for the low-cost, reliable supply of electricity rather than the high-cost diesel-generated less-reliable current supply.
CCC has asked its agent, the Gitchiziibii Company, to be the successor trustee of that trust under which the individual members of the nine Matawa First Nations will be beneficiaries, in such proportions and on such terms as will be subsequently decided by the membership of the Matawa First Nations. This is a vision long considered and often articulated by former Marten Falls Chief Elijah Moonias, before he was disabled by a stroke.
As a further step in the transition to establishing such an Indigenous Enterprise, it is proposed that the Gitchiziibii Company transfer the Corridor Claims to Matawa Management Inc. as a further successor trustee for the members of the Matawa First Nations, as their interests may appear. Through that transition, a consensus of the membership of the Matawa First Nations can establish what those interests should be.
The Gitchiziibii Company has confirmed that it is happy to volunteer to organize information sessions as required with community leaders and Matawa Management Inc. to explain the opportunity.
In connection with these developments, the Company and its subsidiary, CCC, have also continued to show their support in other ways, including support for Marten Falls First Nation ("MFFN") and Webequie First Nation ("WFN") as the proponents of the environmental assessment for the design, construction and operation and maintenance of a multi-use all-season road called the Northern Road Link between the proposed Marten Falls Community Access Road and the proposed Webequie Access Road in northwestern Ontario between Nakina and the Ring of Fire, by signing a memorandum of agreement with their contractor in 2024 and providing consents in support of applications for work permits. Another similar memorandum of agreement and additional consents were signed in 2025. The Company and CCC have confirmed their agreement to sign agreements and provide consents requested for similar work on the Marten Falls Community Access Road environmental assessment.
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 the Company 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/266369
FAQ
What is The Canadian Chrome Company's plan for the Ring of Fire corridor claims?
How is CACR addressing the concerns raised by Marten Falls First Nation?
What infrastructure developments are planned for the Ring of Fire corridor?
Who is Gitchiziibii Company and what is their role in CACR's Ring of Fire project?
What agreements has CACR made regarding the Northern Road Link project?
