Mr. Bruce Hodgman reports
THE CANADIAN CHROME COMPANY INC. ANNOUNCES ADDITIONAL AGREEMENT PROVIDING CONSENT FOR GEOTECHNICAL PROGRAM FOR NORTHERN ROAD LINK
In furtherance of The Canadian Chrome Company Inc.'s continuing support for equitable sharing with affected first nations the many benefits of the development of transportation and electrification systems into the James Bay lowlands and of mining enterprises in the Ring of Fire, the company's wholly owned subsidiary, Canada Chrome Corp., has signed a supplementary memorandum of agreement with Atkinsrealis Canada Inc. in support of the latter's application for work permits needed by it as the contractor representing Marten Falls First Nation and Webequie First Nation. MFFN and WFN are the proponents of the environmental assessment for the design, construction and operation and maintenance of a multiuse all-season road called the Northern Road Link between the proposed Marten Falls Community Access Road and the proposed Webequie Supply Road in northwestern Ontario between Nakina and the Ring of Fire in the James Bay lowlands. The 2025 memorandum of agreement is additional to the memorandum of agreement signed with Atkinsrealis in November, 2024, and is for additional geotechnical investigation and aggregate source testing activities for the Northern Road Link (see the company's news release dated Nov. 6, 2024).
Pursuant to the 2025 memorandum of agreement, CCC has provided its consent for Atkinsrealis to be granted temporary access rights pursuant to the Public Lands Act (Ontario) to certain parts of the surface over some of the mineral exploration claims held by CCC along the northern half of the route of its proposed utility corridor for constructing transportation and electrification systems through the James Bay lowlands from Nakina, Ont., to the company's Black Horse chromite discovery in the Ring of Fire, a distance of approximately 330 kilometres, with electrification system connections from the utility corridor to several first nations communities in the James Bay lowlands. CCC provided its consent for temporary access rights for land-use permits for 13 borehole locations for periods of up to one year for certain geotechnical investigation and aggregate source testing activities. Work is expected to begin on or after Sept. 15, 2025, and to continue until approximately late November depending on weather conditions. The 2025 memorandum of agreement provides that, at the end of the period, the access rights obtained by Atkinsrealis will be surrendered and the rights to all surface access rights will be restored to CCC.
The memorandum of agreement also provides for Atkinsrealis to provide the company and CCC with copies of the results and other material regarding the work from time to time as various aspects of the work are completed. The company believes that the results of those studies will assist it and its subsidiary in their activities and continuing efforts for the efficient development of mines, minerals and mining rights as contemplated by the Mining Act (Ontario).
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, in the development of transportation and electrification links to access remote areas where these deposits may be located.
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