Core Viewpoint - Ongwe Minerals Inc. has commenced trading on the TSX Venture Exchange under the symbol "OGW" following a successful reverse takeover transaction with Lotus Gold Corporation and a concurrent financing of $4.85 million, marking a significant milestone for the company [1][2]. Group 1: Company Developments - The trading commencement represents the culmination of Ongwe's transformational reverse takeover (RTO), name change, and share consolidation, positioning the company with a strong balance sheet [2][3]. - Ongwe's flagship assets include the Khorixas Gold Project and the Eastern Desert Gold Project, both located in a highly prospective gold belt in Namibia, with two significant discoveries already delineated [3][4]. - The company is entering an active exploration phase with drill rigs mobilized in Namibia, aiming to create meaningful value for shareholders [3][4]. Group 2: Leadership and Strategy - CEO Dave Underwood emphasized that the listing on the TSX Venture Exchange is a defining moment for Ongwe, reflecting years of dedication and investor confidence in the company's vision [4]. - The company is focused on executing its strategy to deliver the next major discovery, backed by a strong management team and capital markets support [4][5]. - Ongwe is committed to disciplined exploration, responsible development, and transparent engagement with shareholders as it advances its growth strategy in Namibia [5].
Ongwe Minerals Announces Listing and Commencement of Trading on the TSX Venture Exchange Under "OGW"
Globenewswire·2026-02-12 17:11