KWG Resources Inc. (TSXV:KWG) announced that the US Patent Office’s International Searching Authority has given it an International Search Report regarding its application to patent a new process for reducing chromite using natural gas, a carbon reductant and a catalyst formulation.

As quoted in the press release:

The Search Report indicates that the Searcher found the applicant’s claims are novel and that prior art does not teach or fairly suggest anything similar. The Report also indicates that the claims have industrial applicability as defined by PCT Article 33(4) because the subject matter can be made or used in industry.

Frank Smeenk, president of KWG, commented:

This is a major step forward in our prosecution of this patent application. We will now determine in which countries to seek patent protection of this process, beyond Canada and the United States of America. Our discussions and negotiations with chromite industry participants have helped us understand how and where this innovation might best be commercialized, as we have recently shared with Minister Rickford as he requested.

Click here to read the full KWG Resources Inc. (TSXV:KWG) press release.