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Financings

Ongwe Minerals begins trading on TSX-V

By The Northwire Desk — AI Analysis Feb 12, 2026 · 21:17 OGW · 1.35 Ongwe Minerals Inc.
OGW · Price

Executive Summary

  • Ongwe Minerals Inc. began trading on the TSX Venture Exchange under the ticker “OGW,” completing its reverse‑takeover (RTO) of Lotus Gold Corp. and a $4.85 million financing.
  • The oversubscribed financing provides a strong balance sheet to fund exploration of its flagship Khorixas and Eastern Desert gold projects in Namibia.
  • Management highlighted the company’s strategic land package, recent discoveries, and mobilized drill rigs as foundations for an active exploration phase aimed at delivering significant shareholder value.

Key Details

  • Listing: Common shares now trade on TSX Venture Exchange (symbol OGW).
  • Reverse Takeover: Completion of RTO with Lotus Gold Corp., including a name change to Ongwe Minerals Inc. and share consolidation.
  • Financing: Closed an oversubscribed financing round raising $4.85 million; proceeds earmarked for exploration activities in Namibia.
  • Strategic Assets:
  • Khorixas Gold Project – flagship asset within a high‑potential gold belt.
  • Eastern Desert Gold Project – complementary project in the same region.
  • Exploration Status: Two significant discoveries have been delineated; drill rigs are mobilized and exploration is entering an active phase.
  • Management Quote (CEO Dave Underwood): Emphasized the listing as a “defining moment,” highlighted strong technical foundations, capital availability, and the goal of delivering the next major discovery in Namibia.

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

Safe harbor statements omitted.

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