Mr. Bruce Hodgman reports
CCC SETS PRIVATE PLACEMENT TERMS
The Canadian Chrome Company Inc., formerly known as KWG Resources Inc., announced on Aug. 26, 2025, a proposed private placement of up to 12.5 million multiple voting shares at a price of $2 per share issued as flow-through shares for gross proceeds of up to $25-million.
On Nov. 4, 2025, the Canadian federal budget 2025 added chromium as a critical mineral qualifying for the 30-per-cent federal mineral exploration tax credit on chromium exploration expenses incurred prior to March 31, 2027. If the private placement investor is an individual, he or she will qualify for an additional 5-per-cent Ontario refundable tax credit.
Canadian Chrome has settled the terms of its proposed non-brokered flow-through private placement offering to include, with each 10 flow-through shares subscribed for, five flow-through share purchase warrants, each of which will entitle the holder to purchase for $2.50 one additional flow-through share at any time within one year.
Canadian Chrome also intends to undertake a non-flow-through private placement offering (non-brokered) of up to six million units at $1.50 per unit, each composed of one multiple voting share and one multiple voting share purchase warrant, which may each be exercised by the holder to purchase for $1.75 one further MVS at any time within two years.
Finders' fees of 5 per cent in units will be paid to qualified intermediaries for private placement subscriptions by accredited investors to the flow-through private placement offering and to the non-flow-through private placement offering.
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 Canadian Chrome's belief that the very large targets illustrated by the deep-penetrating magnetotelluric geophysical survey completed by Canadian Chrome in 2022 are the fault offset twin of the Black Thor, which, if correct, would vastly improve Canadian Chrome's opinion of the magnitude of the Black Horse discovery. The proposed drilling program will be undertaken pursuant to an exploration permit, PR-23-000242, received by Canadian Chrome 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 dated Sept. 23, 2023).
About The Canadian Chrome Company Inc.
Canadian Chrome 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, support for the development of transportation and electrification links to access remote areas where these deposits may be located.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.