The Canadian Chrome Company Announces Update on the Process for Sale of the Company or Its Assets and Results of Annual and Special Shareholders' Meeting

About this update from Canadian Chrome Company Inc.

Toronto, Ontario--(Newsfile Corp. - June 24, 2026) - The Canadian Chrome Company Inc., formerly known as KWG Resources Inc. (CSE: CACR) (CSE: CACR.A) ("CCC" or the "Company") pleased to provide an update on the Company's review and assessment of its strategic options and alternatives and to announce the results of the annual and special meeting of shareholders (the "Meeting") held on June 24, 2026. Update on the Strategic Review and Sales Process As previously announced (see the Company's news releases on January 21, 2026 and February 17, 2026), the Company has embarked on a strategic review and investigation of the possibilities of a sale or divestiture of the Company, whether by merger, consolidation, reorganization or business combination, or by take-over bid, negotiated purchase or other means or possible joint venture or sale of substantially all of the assets of the Company. In this regard, the Company notes that its assets as described in the Company's SEDAR+ filings - including in technical reports filed in accordance with NI 43-101, summaries of some of which are set out in the Company's continuous disclosure filings such as its Annual Information Form. Those assets include the Koper Lake Project in the Ring of Fire with an initial resource estimate of 85.9 million tonnes of inferred resources of chromite at a grade of approximately 34.5% Cr2O3 - with lots of potential to add to those resources in that project - as well as its 30% interest in the Big Daddy project with its 29.1 million tonnes of measured and indicated resources of chromite at a grade of 31.7% Cr2O3, as well as some additional inferred resources and potential to add to those resources in that project. The Company also has other projects in the Ring of Fire with chromite potential. In the context of the world's mineral resources, the Company notes the following: Stainless steel is composed of 10.5% to 26% chromium Production of commercial quantities of chromite currently only occurs in only a few countries - South Africa, Turkey, Kazakhstan, India, Finland, Zimbabwe, Russia, the Philippines and Brazil, with South Africa accounting for almost half and Turkey and Kazakhstan combined accounting for another third and India accounting for approximately 10% - those four countries accounting for about 90% Currently, there is no mining of commercial quantities of chromite anywhere in North...

View stock analysis, news, and events for Canadian Chrome Company Inc.