Canada Chrome Looks to Rail-Veyor for Transport, KWG Looks to USA for Strategic Sales of Critical Chrome
Toronto, Ontario--(Newsfile Corp. - April 21, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") subsidiary CANADA CHROME CORP ('CCC') has launched a website (www.canadachromecorp.com) focusing on transportation of mine production from the Ring of Fire mineral interests. The website includes a scoping study report prepared for CCC by Rail-Veyor Technologies Global Inc for the transportation of 10 million tons per annum of chromite ore.
"This appears to be a very viable option for our ore-haulage mining-claims, with tremendously attractive project economics and a very benign environmental footprint,' said CCC President, Tony Marquis. 'What is very exciting also is the opportunity to run a powerline to provide electricity to Marten Falls, Eabematoong, Webequie, Neskantaga and possibly Nibinamik, to maximize this option. It deserves to be aptly named; perhaps the 'Lowlands Trade Corridor'. We'll next be examining the integration of the system into underground bulk mining and other ways to ensure that the area's sensitive biosphere remains intact with minimal alteration to its natural state."
Added KWG CEO, Frank Smeenk, "We suspect it has not been lost on the USA-Canada Critical Minerals Task Force that China's pre-emptive right to acquire Noront assets, or production from them, was recently relinquished by Baosteel, one of the PRC's most important State-Owned Enterprises. We anticipate this will pave the way for development of this critical chromite bank-in-the-ground for the national security of the USA and reinforce its role in global trade. Accordingly, we will communicate to the Chiefs of the most directly-affected First Nations, a plan that would let our long-proposed equal-revenue-sharing model become fungible as these developments ensue, perhaps as an early advance royalty sale to provide indigenous certainty to the highly focused US capital markets."