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March 2026
New Era
Ongwe Minerals Inchas increased the size ofits Omatjete project by up to 42% by acquiring a 90% stake in EPL7400 and submitting an application for EPL11268
Source
“Ongwe Minerals Inc has announced in a press statement released last week that it has increased the size of its Omatjete project by up to 42% by acquiring a 90% stake in the adjacent EPL7400 licence (36 600ha) and submitting an additional application for the EPL11268 licence (8 200ha).”
Ongwe Minerals Inchas identifieda prospective relay system and parallel Okakongo Fault Zone within the expanded licence package
Source
“A recent in-house re-analysis of the Omatjete structures has identified a prospective relay system and the parallel Okakongo Fault Zone within the expanded licence package.”
“THE recently rebranded Canadian company Ongwe Minerals Inc has started its inaugural bedrock sampling campaign at its Belmont Gold Prospect in Namibia.”
“Now that the reverse takeover has been completed and Ongwe has commenced trading on the TSXV, we have commenced our much-anticipated bedrock sampling programme at the Belmont Prospect.”
Great Quest Goldrebranded asOngwe Minerals Incorporated
Source
“GREAT Quest Gold has rebranded as Ongwe Minerals Incorporated, following a US$4.85-million (about N$77.1 million) acquisition of Lotus Gold to advance exploration projects across Namibia and Egypt.”
Ongwe Mineralsacquired21 million common shares of Lotus at US$0.50 each
Source
“Underwood says the reverse takeover transaction was done through a statutory, court-approved plan of arrangement under which Ongwe acquired all of the issued and outstanding 21 million common shares of Lotus at US$0.50 (N$7.94).”
Canadian-owned Ongwe Minerals has raised approximately N$310.5 million through a dual listing on the Namibia Securities Exchange to accelerate gold exploration at its Khorixas and Omatjete projects in the Damara Gold Belt. The funds will support reverse circulation drilling at Khorixas and diamond drilling campaigns at Omatjete beginning at the end of July.
Canadian-owned Ongwe Minerals has raised approximately N$310.5 million through a dual listing on the Namibia Securities Exchange to accelerate gold exploration at its Khorixas and Omatjete projects in the Damara Gold Belt. The funds will support reverse circulation drilling at Khorixas and diamond drilling campaigns at Omatjete beginning at the end of July.
Canadian and Namibian-listed gold explorer Ongwe Minerals closed a C$23 million financing through a brokered LIFE offering and private placement, with proceeds earmarked for expanding exploration at its Namibian gold projects. Strong investor demand led the company to increase the offering size.
Ongwe Minerals Inc closed its capital raise to Namibian investors before the Friday deadline after demand exceeded available shares. The company was seeking to raise up to CAD10 million for exploration work on its Namibian properties and general corporate purposes.
Bedrock drilling at Canadian explorer Ongwe Minerals' Manga gold prospect at the Omatjete Gold Project has confirmed well-defined on-site gold deposits, with mineralisation continuing eastward under thick calcrete cover. The company's chief executive says the latest results show significant expansion of mineralisation, with higher-grade deposits found further east than initial scout drilling had indicated.
Canadian exploration company Ongwe Minerals says new drilling results at its Manga prospect in Erongo region show a 2-kilometre-long underground gold zone larger than initially expected, with gold values ranging from low levels to 470 parts per billion. The company plans to extend drilling and sampling to track mineralisation further east beneath soil and calcrete cover.
Ongwe Minerals Inc, a Canadian-listed gold exploration company operating in Namibia, has listed on the Namibia Securities Exchange under the symbol "ONG" with trading commencing on 15 April. The dual listing is designed to allow local and institutional investors easier access to the company's shares and upcoming capital raises.
Ongwe Minerals Inc has identified a 2km-long, gold-rich bedrock zone along the Khorixas fault in Namibia, with altered wall rock up to 125m wide and gold values of 0.2g/t. The company expects higher-grade quartz veins within the zone and plans to test drill targets in coming months.
Ongwe Minerals Inc has increased its Omatjete project area by acquiring a 90% stake in the adjacent EPL7400 licence and submitting an application for EPL11268, bringing the project to 196,600 hectares. The expansion covers the Okondeka Fault Zone and a newly identified parallel fault system, positioning the company to explore additional prospective structures alongside the existing Manga Gold Prospect.
The rebranded Canadian company Ongwe Minerals Inc has launched its inaugural bedrock sampling campaign at its Belmont Gold Prospect in Namibia's Northwest Damara Belt, following completion of a reverse takeover and TSXV listing. The company plans to outline gold targets beneath surface cover in the first half of 2026 before advancing to extensive diamond drilling in the second half.
Great Quest Gold has rebranded as Ongwe Minerals Incorporated following a US$4.85-million acquisition of Canadian mineral exploration company Lotus Gold, positioning itself as a new gold explorer with exploration projects in Namibia's Damara Orogenic Belt and Egypt's Eastern Desert.