KWG Announces Postponement of Annual and Special Shareholder Meeting Due to Pending Postal Strike
KWG RESOURCES INC ANNOUNCES POSTPONEMENT OF ANNUAL AND SPECIAL
SHAREHOLDER MEETING DUE TO PENDING POSTAL STRIKE
Toronto, Canada, May 21, 2025 – KWG Resources Inc. (CSE: CACR and CACR.A), which carries on
business as The Canadian Chrome Company (“CCC”, “KWG” or the “ Company”) announces that,
following notice received yesterday from its registrar and transfer agent that, as a result of the strike
notice issued by the postal workers union for May 23, 2025, the registrar and transfer agent would be
prevented from sending out the Company’s meeting materials for its upcoming annual and special
meeting of shareholders , originally scheduled to be held on Tuesday, June 24, 2025 (the “ Meeting”),
the Meeting has been postponed and re-scheduled for Friday, July 18, 2025. The record date for
shareholders entitled to attend and vote at the Meeting will remain May 20, 2025. It is anticipated that
meeting materials will be mailed to shareholders on or about June 23, 2025.
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 100% of the Black Horse chromite project (formerly part of
Fancamp's "Koper Lake-McFaulds" properties) in which Bold Ventures Inc. is carried through
exploration of the former Fancamp claims for 10% of the chromite project. KWG also holds other area
interests including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds
copper/zinc project and a vested 30% interest in the Big Daddy chromite project.
KWG also owns 100% of Canada Chrome Corporation (the "Subsidiary") which staked mining claims
between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has 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 between the
Ring of Fire and Aroland, Ontario covering the claims staked by the Subsidiary. The Subsidiary identified
deposits of aggregate along the route and made application for 32 aggregate extraction permits. The
Subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies for Engineering Proposals for the
construction of a transportation and utility corridor within the route to connect the Ring of Fire area to
transportation and electrification systems which run through Nakina, Ontario (near Aroland) connecting
to southern Ontario and the rest of Canada and has received those proposals. Those proposals include
electrification systems connecting to several First Nations communities in the James Bay Lowlands
including in the Ring of Fire area.
KWG has also acquired intellectual property interests, including a lower cost and reduced carbon
method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG
subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada and one in
each of the USA, South Africa and Kazakhstan, and is prosecuting an application in Turkey.
KWG
The Canadian
PRESS RELEASE NO. 373
Subordinate shares issued & outstanding (CSE-CACR) 1,375,584,032
Convertible into Multiple-voting shares (100:1) equal to: 13,755,840
Multiple-voting shares issued & outstanding: 13,151,588
Chrome Company If all shares convert to Multiple-voting (CSE-CACR.A) 26,907,428
2
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 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 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.