Namibia-focused gold explorer Ongwe Minerals Inc. has commenced trading on the TSX Venture Exchange under the symbol “OGW”, following the completion of a reverse takeover (RTO), corporate restructuring and a US$4.85 million (approximately N$90 million) financing.
The company said the completion of the RTO and rebranding positions Ongwe as a new-generation Namibian gold explorer with strengthened financial capacity and a focused growth strategy as it advances exploration activities in the country.
The listing marks the formal transformation of Great Quest Gold Ltd. into Ongwe Minerals Inc., after Great Quest was acquired through a reverse takeover by Lotus Gold Corporation.
“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 delivering the next major discovery,” Chief Executive Officer Dave Underwood said.
The transaction included a corporate name change, share consolidation and the closing of an oversubscribed concurrent financing aimed at strengthening the company’s balance sheet.
“The commencement of trading represents the culmination of Ongwe’s transformational RTO, name change and share consolidation, together with the closing of its significantly oversubscribed US$4.85 million financing,” Underwood said.
Prior to completion of the transaction, Great Quest Gold reported in December 2025 that it had received approximately US$4.5 million (around N$83 million) in subscriptions under the concurrent private placement and submitted updated disclosure and transaction documents to the TSX Venture Exchange for regulatory review and conditional approval.
With the restructuring now finalised, Ongwe Minerals is advancing a portfolio of Namibian gold assets, including the Khorixas Gold Project and the Eastern Desert Gold Project, located within what the company describes as a prospective and emerging gold belt.
The company said it has secured a strategic land package, delineated two discoveries and mobilised drill rigs as it enters an active exploration phase.
According to Ongwe, the capital raised will support bedrock drilling programmes at priority prospects, including Khorixas and Omatjete, alongside systematic regional soil sampling and further diamond drilling planned for later in 2026.
