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Canadian Chrome Company Transfers Mineral Claims to Preserve Access to Key Deposits

Story Highlights
  • The Canadian Chrome Company focuses on large-scale mineral deposits and transportation links.
  • 299 mineral claims were transferred to preserve access to valuable chromite deposits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Canadian Chrome Company Transfers Mineral Claims to Preserve Access to Key Deposits

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An announcement from KWG Resources ( (TSE:CACR) ) is now available.

The Canadian Chrome Company Inc. has transferred 299 mineral claims within its utility corridor to The Gitchiziibii Company in Trust for Matawa Management as Trustee for the Matawa First Nations. This move prevents the forfeiture of claims that are crucial for maintaining access to the Black Horse and Black Thor chromite deposits, which are significant for the company’s competitive economic value.

More about KWG Resources

The Canadian Chrome Company Inc. is an exploration stage company focused on the identification, acquisition, consolidation, exploration, development, and evaluation of large-scale mineral deposits, including chromite in the Ring of Fire. The company also engages in the development of transportation and electrification links to access remote areas where these deposits may be located.

Average Trading Volume: 690,079

Technical Sentiment Signal: Sell

Current Market Cap: C$27.51M

For a thorough assessment of CACR stock, go to TipRanks’ Stock Analysis page.

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