KWG Resources Inc. Signs MOU with Maclaine Watson & Co. to Explore Chrome Trading on the London Metal Exchange

Toronto, Ontario — April 22, 2025 — KWG Resources Inc. (CSE: CACR) (CSE: CACR.A), operating as The Canadian Chrome Company (“CCC”), announced today that it has entered into a Memorandum of Understanding (MOU) with Maclaine Watson & Co., a British private investment and trading house. This agreement, signed on April 16, aims to explore the possibility of resuming Maclaine Watson’s seat as a dealer on the London Metal Exchange (LME) and investigate the potential for chromium metal to be traded on the LME’s twice-daily ring auctions.

Chromium, a critical mineral designated by the USA, is a key component in stainless steel production. The collaboration between KWG Resources and Maclaine Watson & Co. is seen as a strategic move to develop a terminal market for chrome in Canada. This initiative is expected to provide development capital and hedging mechanisms, enhancing access to global markets.

Maclaine Watson & Co., founded in the early 19th century, has a rich history as a ring-dealing member of the LME until 1985. The company has a legacy of trading in metals, sugar, and rubber, with operations in London, Indonesia, and Singapore. The partnership with KWG Resources is considered crucial for establishing a robust market for chrome, which is vital for stainless steel manufacturing.

As of April 22, 2025, KWG Resources Inc. is an exploration-stage company listed on the Canadian National Stock Exchange, with a market capitalization of 59,670,000 CAD. The company’s primary focus is on the exploration and evaluation of base metals, including copper, zinc, nickel, and chromite, within Canadian territories. Despite a challenging financial outlook, as indicated by a negative price-to-earnings ratio of -7.21, the strategic partnership with Maclaine Watson & Co. represents a significant step towards enhancing the company’s market presence and operational capabilities in the metals and mining sector.