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

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).