Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,049.70 +0.5% Silver 52.76 +3.0% Copper 6.29 +0.9% Oil 87.10 +1.2% Palladium 1,079.00 +5.7% BOL 0.060 +9.1% CNT 0.030 +0.0% EXN 0.247 −10.0% MNRG 0.075 +0.0% GSKR 2.87 −3.0% FPC 0.445 −4.3% PPX 0.210 −12.5% TNR 0.300 +0.0% VTEN 0.440 −2.2% DNG 5.47 +0.7% HART 0.150 −6.2% LVG 0.325 −1.5% ALS 53.01 −2.2% AHR 0.930 −2.1% ARIC 0.710 −2.7% BAU 0.135 −15.6% Gold 4,049.70 +0.5% Silver 52.76 +3.0% Copper 6.29 +0.9% Oil 87.10 +1.2% Palladium 1,079.00 +5.7% BOL 0.060 +9.1% CNT 0.030 +0.0% EXN 0.247 −10.0% MNRG 0.075 +0.0% GSKR 2.87 −3.0% FPC 0.445 −4.3% PPX 0.210 −12.5% TNR 0.300 +0.0% VTEN 0.440 −2.2% DNG 5.47 +0.7% HART 0.150 −6.2% LVG 0.325 −1.5% ALS 53.01 −2.2% AHR 0.930 −2.1% ARIC 0.710 −2.7% BAU 0.135 −15.6%
Financings

Ongwe Minerals Announces Listing and Commencement of Trading on the TSX Venture Exchange Under "OGW"

By The Northwire Desk — AI Analysis Feb 12, 2026 · 12:11 OGW · None Ongwe Minerals Inc.
OGW · Price

Executive Summary

  • Ongwe Minerals Inc. began trading on the TSX Venture Exchange under ticker “OGW” following completion of its reverse takeover (RTO) of Lotus Gold Corporation.
  • The RTO was accompanied by a $4.85 million oversubscribed financing, providing a strong balance sheet for accelerated gold exploration in Namibia.
  • The company highlighted its flagship Khorixas and Eastern Desert gold projects, recent discoveries, and mobilized drill rigs, signaling an active exploration phase.

Key Details

  • Trading Commencement: Common shares started trading on TSX Venture Exchange (TSXV) on 12 Feb 2026 under symbol “OGW”.
  • Reverse Takeover (RTO): Completed transaction with Lotus Gold Corporation; included name change to Ongwe Minerals Inc. and share consolidation.
  • Financing: Closing of an oversubscribed financing raising $4.85 million; proceeds earmarked for balance‑sheet strengthening and exploration activities in Namibia.
  • Exploration Portfolio: Flagship assets – Khorixas Gold Project and Eastern Desert Gold Project – located in a high‑potential Namibian gold belt.
  • Operational Milestones: Strategic land package secured, two significant discoveries delineated, drill rigs mobilized for upcoming field programs.
  • Management Quote (CEO Dave Underwood): Emphasized the listing as a “defining moment,” highlighted strong technical foundations, capital in hand, and focus on delivering the next major discovery.

Notable Quotes

“Today’s listing on the TSX Venture Exchange is a defining moment for Ongwe and our shareholders… With capital in hand, and a highly strategic land position in a world‑class gold belt, we are focused on executing our strategy and working toward our goal of delivering the next major discovery.” – Dave Underwood, CEO

Materiality Assessment: Material – Positive (significant corporate event that materially enhances liquidity, capital resources, and operational outlook).

Read the original news release →

More from Ongwe Minerals Inc.

Sep 17, 2026 · 07:00

Ongwe’s narrow BK2 confirmation hits match known targets but fail to advance the scale of the project.

Drill Results Sep 15, 2026 · 07:00

Ongwe’s maiden drilling at the Nguni deposit aligns with its third-quarter exploration plan for the greenfield gold project.

Drill Results Sep 03, 2026 · 17:15

Ongwe filed its NI 43-101 report for the Khorixas project in Namibia, marking a routine compliance step for the exploration program.

Technical Study Aug 06, 2026 · 07:00

Ongwe begins maiden drilling at the Nguni soil anomaly to confirm the scale of the deposit.

Drill Results Jul 27, 2026 · 19:00

Ongwe Minerals Announces Voluntary Filing of Technical Report

Technical Study Jun 30, 2026 · 11:32

Ongwe secures $23m for drilling in Namibia, advancing its mineral exploration efforts without disclosing specific grade or width results.

Financings