- KWG Resources (CSE:CACR), operating as The Canadian Chrome Company, signed a memorandum of understanding with Maclaine Watson & Co, a British private investment and trading house, to pursue chrome trading on the London Metal Exchange
- KWG is a junior miner exploring for chromite, base metal and strategic mineral deposits, as well as developing transportation and electrification links to access remote areas where these deposits may reside
- KWG Resources stock has added 250 per cent year-over-year but remains flat since 2020
KWG Resources (CSE:CACR), operating as The Canadian Chrome Company, signed a memorandum of understanding with Maclaine Watson & Co, a British private investment and trading house, to pursue chrome trading on the London Metal Exchange (LME).
Maclaine Watson, founded in the early 1800s, brings generations of experience trading in metals, sugar and rubber across London, Indonesia and Singapore, and was until 1985 a ring-dealing member of the LME.
The companies will file a joint application to resume Maclaine Watson’s seat on the exchange with eyes on capitalizing on KWG’s strong Ontario-based portfolio, including:
- The Black Horse chromite project, which features an inferred resource of 85.9 million tons grading 34.5 per cent Cr2O3.
- A 30 per cent stake in the Big Daddy claims, housing 23.3 million tons at 32.1 per cent Cr2O3 measured and 5.8 million tons grading 30.1 per cent Cr2O3 indicated.
Both Canada and the United States recognize chromium as a critical mineral, with the metal’s growing global market exceeding US$23 billion in 2024 thanks to its diverse applications across plating, paints and dyes, refractory technology and stainless steel.
Thursday’s news release on KWG’s expanding international presence follows the company’s election into the USA Defense Industrial Base Consortium in January 2025.
About KWG Resources
KWG is a junior miner exploring for chromite, base metal and strategic mineral deposits, as well as developing transportation and electrification links to access remote areas where these deposits may reside.
The company also holds intellectual property interests, including a lower-cost and reduced-carbon method for transforming chromite into metalized iron and chrome using natural gas.
KWG Resources stock (CSE:CACR) is unchanged trading at C$0.035 per share as of 9:34 am ET. The stock has added 250 per cent year-over-year but remains flat since 2020.
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(Top image: KWG Resources)
