CCC Announces Proposed $25 Million Financing for Winter Drilling Program at Black Horse Chrome Discovery in The Ring of Fire and Confirms Continuing Support for Commissioning of Muketi Airstrip for Marten Falls Logistics
Not for distribution to U.S. newswire services or for release, publication, distribution or dissemination,
directly or indirectly, in whole or in part, into the United States
THE CANADIAN CHROME COMPANY ANNOUNCES PROPOSED $25 MILLION
FINANCING FOR WINTER DRILLING PROGRAM AT BLACK HORSE CHROME
DISCOVERY IN THE RING OF FIRE AND CONFIRMS CONTINUING SUPPORT FOR
COMMISSIONING OF MUKETI AIRSTRIP FOR MARTEN FALLS LOGISTICS AND
FOR OTHER FIRST NATIONS INITIATIVES
Toronto, Canada, August 26, 2025 – The Canadian Chrome Company Inc. (formerly KWG
Resources Inc.) (CSE: CACR and CACR.A) (“CCC”, “KWG” or the “ Company”) is pleased to
announce a proposed private placement of flow-through shares and its continuing support in the
development of the Muketi Village and Aerodrome business unit of the Marten Falls First Nation
to provide year-round access and accommodation for the exploration work in the Ring of Fire and
its continuing support for the indigenous communities in and along the route to the Ring of Fire
for transportation, electrification and other services for the First Nations and their communities.
Proposed Private Placement
The Company is pleased to announce a proposed private placement of up to 12,500,000 Multiple
Voting Shares at a pr ice of $2 .00 per share issued as flow -through shares pursuant to the
provisions of the Income Tax Act (Canada) for gross proceeds of up to $25,000,000 (the “Flow-
through Offering”).
Each subscriber must be an “accredited investor” within the meaning of applicable securities laws
or otherwise qualify to purchase Multiple Voting Shares on a prospectus -exempt basis in
accordance with applicable securities laws.
The gross proceeds are proposed to be used for a large drilling program at the Black Horse
Project starting in early 2026 to be launched from Muketi Village, to confirm CCC’s belief that the
very large targets illustrated by the deep-penetrating magneto telluric geophysical survey
completed by CCC in 2022 is the fault offset twin of the Black Thor, which, if correct, would vastly
improve CCC’s opinion of the magnitude of the Black Horse discovery. The proposed drilling
program will be undertaken pursuant to an exploration permit, Exploration Permit PR-23-000242,
received by CCC from the Ministry of Mining, with the unanimous consent/support of all nine First
Nations in the area, for the conduct of further drilling at the Black Horse Project (see news release
September 23, 2023).
This news release shall not constitute an offer to sell nor the solicitation of an offer to buy
securities.
The Canadian
Chrome
Company Inc.
PRESS RELEASE NO. 378
Subordinate shares issued & outstanding (CSE-CACR) 1,376,534,032
Convertible into Multiple-voting shares (100:1) equal to: 13,765,340
Multiple-voting shares issued & outstanding: 15,485,234
If all shares convert to Multiple-voting (CSE-CACR.A) 29,250,574
Muketi Village and Airstrip
The Muketi Village, which is proposed to be the launching site for the Company’s proposed drilling
program, was created fast on the heels of the initial chromite discovery in the Ring of Fire in 2007.
At that time, Wilderness North, Thunder Bay's largest outfitting enterprise, collaborated with CCC
and the Chief and Council of Marten Falls First Nation ( “MFFN”) in the creation of Marten Falls
Logistics as a business unit of the Marten Falls First Nation, to provide year-round access and
accommodation for the exploration work anticipated to follow from the chromite discovery in the
Ring of Fire. The enterprise was conceived of as Muketi Village and Aerodrome. A nearby Esker
Camp was built for the same purpose by Freewest Mining Ltd. as a more temporary facility without
the business benefits proposed for MFFN by Wilderness North and CCC. MFFN Chief Harry
Baxter was an enthusiastic proponent of the development of Muketi Village, as was his successor,
Chief Elijah Moonias, and his successor in turn, incumbent Chief Ambrose (Bruce)
Achneepineskum.
For many years CCC has been supportive of, and actively engaged in supporting, indigenous
communities in and along the route to the Ring of Fire in the development of transportation,
electrification and other services for their communities. That effort has included (i) proposing the
establishment of a ports authority for better accessing financial support from the federal
government and (ii) proposing the transfer of its subsidiary’s claims and aggregate permit
applications along the transportation and utility corridor between Nakina and the Ring of Fire to a
trust or other entity for a transportation and electrification enterprise owned and used for the
benefit of the First Nations in the area, including electrification connections from the Ontario
Power Grid to connect sev eral of those communities , to deliver secure, less expensive, less
limited and more environmentally friendly supplies of electricity.
About The Canadian Chrome Company Inc.
The Canadian Chrome Company Inc. is an exploration stage company that is focused on
identification, acquisition, consolidation, exploration, development and evaluation of large-scale
deposits of minerals including chromite in the Ring of Fire, as well as other 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.
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected]
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 CCC 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 ex pressly 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.