THE CANADIAN CHROME COMPANY INC. ANNOUNCES CLOSING OF A SECOND TRANCHE OF ITS PRIVATE PLACEMENT OF UNITS AND PROVIDES A CORPORATE UPDATE ON ITS STRATEGIC REVIEW

The Canadian Chrome Company Inc., formerly KWG Resources Inc., has successfully closed the second tranche of its non-brokered unit private placement, raising $260,000 through the issuance of 173,333 units priced at $1.50 each. Each unit consists of one multiple voting share and one warrant exercisable at $1.75 until December 31, 2027, or upon a change of control event. The proceeds from this tranche were used to satisfy accrued work fees payable to Origin Merchant Partners, representing a non-cash transaction to settle existing obligations.

The company has extended its private placement deadline to March 2, 2026, providing flexibility to complete additional tranches as market conditions permit. This financing structure demonstrates the company's ability to manage its capital requirements while maintaining operational flexibility through warrant-based future funding potential.

Significantly, the company has engaged Origin Merchant Partners as its financial advisor to conduct a comprehensive strategic review. This review encompasses all strategic alternatives including potential sale, divestiture, merger, consolidation, business combination, joint venture, or asset sale opportunities. CEO Frank Smeenk highlighted the strategic value of the company's Ring of Fire chromite projects, citing global market trends, evolving steelmaking requirements, and government focus on domestic supply chains and national security interests as key value drivers.

The strategic review positions the company to capitalize on the growing importance of domestic critical mineral supply chains, particularly chromite used in stainless steel production. The Ring of Fire region represents one of Canada's most significant undeveloped mineral districts, and the company's consolidated position in chromite deposits could attract both domestic and international investment interest. This strategic process reflects broader industry trends toward consolidation and strategic partnerships in critical mineral sectors, potentially unlocking significant value for shareholders while supporting Canada's resource security objectives.