KWG Resources Inc. (CSE: CACR), operating as The Canadian Chrome Company, has released its Ring of Fire Infrastructure Compilation Map. This map outlines a proposed 330-kilometer ‘Utility Corridor’ from Nakina, Ontario to the company’s Black Horse chromite discovery in the James Bay Lowlands. The plan includes:
1. Transportation and electrification systems
2. 1,685 claims staked by subsidiary Canada Chrome in 2009-2010
3. 32 aggregate extraction permit applications
4. Engagement with Cormorant Utilities and Rail-Veyor Technologies for engineering proposals
The project aims to connect the Ring of Fire area to the trans-Canada transportation system and Ontario power grid, with plans to extend electrification to nearby First Nations communities.
KWG Resources Inc. (CSE: CACR), operante come The Canadian Chrome Company, ha pubblicato la sua Mappa di Compilazione delle Infrastrutture della Ring of Fire. Questa mappa delinea un proposto ‘Corridoio di Utilità’ lungo 330 chilometri da Nakina, Ontario, fino alla scoperta del cromite Black Horse dell’azienda nelle Lowlands di James Bay. Il piano include:
1. Sistemi di trasporto ed elettrificazione
2. 1.685 rivendicazioni registrate dalla controllata Canada Chrome nel 2009-2010
3. 32 domande di permesso per estrazione aggregati
4. Collaborazione con Cormorant Utilities e Rail-Veyor Technologies per proposte ingegneristiche
Il progetto mira a collegare l’area della Ring of Fire al sistema di trasporto trans-canadese e alla rete elettrica dell’Ontario, con piani per estendere l’elettrificazione alle comunità delle Prime Nazioni nelle vicinanze.
KWG Resources Inc. (CSE: CACR), operando como The Canadian Chrome Company, ha publicado su Mapa de Compilación de Infraestructura de la Ring of Fire. Este mapa detalla un ‘Corredor de Utilidad’ propuesto de 330 kilómetros desde Nakina, Ontario, hasta el descubrimiento de cromita Black Horse de la compañía en las Tierras Bajas de James Bay. El plan incluye:
1. Sistemas de transporte y electrificación
2. 1,685 reclamaciones registradas por la subsidiaria Canada Chrome en 2009-2010
3. 32 solicitudes de permisos de extracción de agregados
4. Colaboración con Cormorant Utilities y Rail-Veyor Technologies para propuestas de ingeniería
El proyecto tiene como objetivo conectar el área de la Ring of Fire al sistema de transporte transcanadiense y a la red eléctrica de Ontario, con planes de extender la electrificación a comunidades de Primeras Naciones cercanas.
KWG 리소스 Inc. (CSE: CACR)는 The Canadian Chrome Company로 운영되며 링 오브 파이어 인프라 컴파일 맵을 발표했습니다. 이 지도는 온타리오의 나키나에서 회사의 블랙 호스 크로뮴 발견지까지의 330킬로미터 ‘유틸리티 코리도르’를 제안합니다. 계획에는 다음이 포함됩니다:
1. 교통 및 전기 시스템
2. 2009-2010년 캐나다 크롬 자회사에 의해 등록된 1,685 건의 권리
3. 32 건의 집합체 추출 허가 신청
4. 엔지니어링 제안서를 위한 Cormorant Utilities 및 Rail-Veyor Technologies와의 협력
이 프로젝트는 링 오브 파이어 지역을 캐나다 간선 교통 시스템과 온타리오 전력망에 연결하는 것을 목표로 하며, 인근 원주율 커뮤니티로 전기화를 확장할 계획을 가지고 있습니다.
KWG Resources Inc. (CSE: CACR), opérant sous le nom de The Canadian Chrome Company, a publié sa Carte de Compilation des Infrastructures de la Ring of Fire. Cette carte décrit un ‘Corridor d’Utilité’ proposé de 330 kilomètres de Nakina, Ontario, jusqu’à la découverte de chromite Black Horse de la société dans les Basses Terres de James Bay. Le plan comprend :
1. Systèmes de transport et d’électrification
2. 1 685 revendications déposées par la filiale Canada Chrome entre 2009 et 2010
3. 32 demandes de permis d’extraction d’agrégats
4. Collaboration avec Cormorant Utilities et Rail-Veyor Technologies pour des propositions d’ingénierie
Le projet vise à relier la zone de la Ring of Fire au système de transport transcanadien et au réseau électrique de l’Ontario, avec des projets d’extension de l’électrification aux communautés proches des Premières Nations.
KWG Resources Inc. (CSE: CACR), die als The Canadian Chrome Company tätig ist, hat ihre Karte der Infrastruktur der Ring of Fire veröffentlicht. Diese Karte skizziert einen vorgeschlagenen 330 Kilometer langen ‘Versorgungs-Korridor’ von Nakina, Ontario, bis zur chromitischen Entdeckung Black Horse des Unternehmens in den James Bay Lowlands. Der Plan beinhaltet:
1. Verkehrs- und Elektrifizierungssysteme
2. 1.685 von der Tochtergesellschaft Canada Chrome in 2009-2010 angemeldete Ansprüche
3. 32 Anträge auf Genehmigung zur Aggregatentnahme
4. Zusammenarbeit mit Cormorant Utilities und Rail-Veyor Technologies für ingenieurtechnische Vorschläge
Das Projekt zielt darauf ab, das Gebiet der Ring of Fire mit dem transkanadischen Verkehrssystem und dem Ontario-Stromnetz zu verbinden, mit Plänen zur Erweiterung der Elektrifizierung in nahegelegene First Nations-Gemeinschaften.
Positive
- Proposed 330-kilometer ‘Utility Corridor’ to connect Ring of Fire area to transportation and power infrastructure
- 1,685 claims staked along the proposed route
- 32 aggregate extraction permit applications filed for local construction material sourcing
- Engagement of engineering firms for transportation and utility system proposals
Negative
- No immediate revenue generation from the infrastructure project
- Potential delays and costs associated with permitting and construction of a large-scale infrastructure project
- Uncertainty regarding project approval and funding
Toronto, Ontario–(Newsfile Corp. – September 4, 2024) – KWG Resources Inc. (CSE: CACR) (CSE: CACR.A).
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KWG Resources Inc., which carries on business as The Canadian Chrome Company (“CCC”, “KWG” or the “Company”), is pleased to announce publication of its Ring of Fire Infrastructure Compilation Map which includes its proposed “Utility Corridor” for constructing transportation and electrification systems through the James Bay Lowlands from Nakina, Ontario to the Company’s Black Horse chromite discovery, a distance of 330 kilometers. The compilation plan is set out above and will be republished shortly to include electricity transmission line locations to the area’s remote communities.
The Company’s wholly owned subsidiary, Canada Chrome Corporation (the “Subsidiary”), staked 1,685 claims in 2009 and 2010 along what the Company believes to be the most suitable terrain for constructing transportation and electrification systems through the James Bay Lowlands from Nakina, Ontario to the Company’s properties in the Ring of Fire, a distance of 330 kilometers. The Subsidiary staked 1,685 claims in 2009 and 2010 and then 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. The Subsidiary identified deposits of aggregate along the route and made application under the Aggregates Act (Ontario) for 32 aggregate extraction permits to supply from local sources along the route the aggregate needed for construction of the road bed and other facilities. Then, in 2021, the Company and its Subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies to prepare Engineering Proposals for the construction of transportation and utility systems along the route of the proposed Utility Corridor to connect the Ring of Fire area to the trans-Canada transportation system and the Ontario power grid which run through Nakina, Ontario (near Aroland). The proposals include electrification systems connecting from the Utility Corridor to several First Nations communities in the James Bay Lowlands in the Ring of Fire area.
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
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/222132
FAQ
What is the length of KWG Resources’ proposed ‘Utility Corridor’ for the Ring of Fire project?
KWG Resources’ proposed ‘Utility Corridor’ for the Ring of Fire project is 330 kilometers long, stretching from Nakina, Ontario to the company’s Black Horse chromite discovery in the James Bay Lowlands.
How many claims has Canada Chrome staked for the KWG Resources (KWGBF) Ring of Fire project?
Canada Chrome , a wholly owned subsidiary of KWG Resources, has staked 1,685 claims along the proposed route for the Ring of Fire project in 2009 and 2010.
What is the purpose of KWG Resources’ (KWGBF) Ring of Fire Infrastructure Compilation Map?
The Ring of Fire Infrastructure Compilation Map outlines KWG Resources’ proposed ‘Utility Corridor’ for constructing transportation and electrification systems to connect the Ring of Fire area to the trans-Canada transportation system and Ontario power grid.
How many aggregate extraction permits has KWG Resources (KWGBF) applied for in the Ring of Fire project?
KWG Resources has applied for 32 aggregate extraction permits under the Aggregates Act (Ontario) to supply local construction materials for the proposed infrastructure project.