Canadian Chrome Company Launches Major Private Placement Initiative

The Canadian Chrome Company Inc. (CSE: CACR), formerly known as KWG Resources Inc., has announced a significant private placement initiative aimed at raising up to $25,000,000. This plan was unveiled on August 26, 2025, and involves the issuance of up to 12,500,000 Multiple Voting Shares at a price of $2.00 per share, categorized as flow-through shares. The decision comes in light of recent developments in Canadian federal policy, specifically the inclusion of chromium as a critical mineral in the 2025 Federal Budget.

As of November 4, 2025, chromium qualifies for a 30% federal Mineral Exploration Tax Credit on expenses related to exploration prior to March 31, 2027. Investors who are individuals will also be eligible for an additional 5% refundable tax credit from Ontario, enhancing the attractiveness of this investment opportunity.

CCC has finalized the terms of its non-brokered flow-through private placement. For every ten flow-through shares purchased, investors will receive five Flow-through Share Purchase Warrants. Each warrant allows the holder to acquire one additional Flow-through Share at a price of $2.50 within one year. In addition to the flow-through offering, CCC plans a non-flow-through private placement of up to 6,000,000 Units at $1.50 per unit. Each Unit will consist of one Multiple Voting Share and one warrant that can be exercised within two years for an additional share at $1.75.

To incentivize participation, finder’s fees of 5% will be allocated in Units to qualified intermediaries for subscriptions from accredited investors in both the flow-through and non-flow-through offerings.

The gross proceeds from these placements are earmarked for a comprehensive drilling program at the Black Horse Project, set to commence in early 2026 from Muketi Village. This initiative aims to validate CCC’s hypothesis regarding the substantial targets identified by a deep-penetrating magneto-telluric geophysical survey conducted in 2022. The survey suggested that the Black Horse target could be a fault offset twin to the Black Thor discovery, which, if substantiated, would significantly enhance the perceived value of the Black Horse Project.

The drilling program will be executed under Exploration Permit PR-23-000242, which has been granted by the Ministry of Mining. This permit was approved with the unanimous support of all nine First Nations in the surrounding area, highlighting the collaborative efforts involved in advancing this exploration initiative.

The Canadian Chrome Company Inc. is primarily focused on the exploration and development of large-scale mineral deposits, particularly in the Ring of Fire region. The company aims to identify and consolidate resources of chromite as well as other base and strategic metals, while also developing transportation and electrification infrastructure necessary to access these remote mineral deposits.

For further information, interested parties may contact Bruce Hodgman, Vice-President, at 416-642-3575 or via email at [email protected].

It is important to note that the information contained in this announcement may involve forward-looking statements that are subject to risks and uncertainties. The company disclaims any obligation to update or revise these statements, as stated in applicable securities legislation.

This announcement is not intended for distribution to U.S. newswire services or for release outside Canada.