KWG Resources Inc. (TSXV: KWG) is a mineral exploration company with a current strategic objective focused on the development of the chromium project. It owns a 1% net smelter royalty (NSR) carried interest in three newly-discovered chromite deposits and a 25% to 30% operating interest in the Big Daddy chromite discovery in the James Bay Lowlands of northern Ontario, Canada. This area has attracted considerable attention since the 2007 discovery of the Eagle One high-grade nickel deposit by Noront Resources Ltd.
North American stainless steel has been produced for many decades with imported ferro-chrome, as there was no domestic source of supply. Recent discoveries in Canada's near-north James Bay Lowlands have identified a large and high-grade series of chromium deposits which preliminary studies indicate may be economic. New York Stock Exchange-listed Cliffs Natural Resources, the principal supplier of coal and iron to the continent's steelmakers for almost two centuries, has determined that a domestic and export ferro-chrome business may now be profitably developed. Cliffs has chosen KWG as the vehicle to initiate organization of a development plan which includes a 300 mile railroad and a ferro-chrome refinery. KWG has created Canada Chrome Corporation as a wholly-owned subsidiary to be the financing and development arm.
Significant recent developments include:
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