Ongwe lists on the Namibia Securities Exchange

Ongwe Minerals Inc, a Canadian-listed gold exploration company dedicated to the discovery and development of new gold systems in Namibia, has listed on the Namibia Securities Exchange (NSX).

According to a statement from the company’s chief executive, Dave Underwood, the company listed on the NSX under the symbol “ONG”, and trading commenced on 15 April.

Underwood says there will be no change to Ongwe’s listing on the Toronto Stock Exchange (TSX) Venture Exchange, which will remain the primary listing for Ongwe’s common shares.

“The dual listing of Ongwe on the Namibia Securities Exchange is a very important step in building Ongwe’s local Namibian capital markets presence,” he says.

“Ongwe is fortunate to have a dedicated and substantial base of Namibian shareholders, many of whom have shared in the prior successes of the Ongwe team, through Osino Resources and Koryx Copper, both of which were listed and raised significant capital on the Namibian exchange,” Underwood adds.

He says this listing is specifically designed to streamline the process for both institutional and retail investors to trade the company’s shares or participate in upcoming capital raises.

“Beyond simply strengthening our ties with the local investment community, this move reflects our deep-seated confidence in Namibia’s status as a top-tier mining jurisdiction.

“By diversifying our shareholder base and bolstering market liquidity, we are building a more resilient platform for future growth, while simultaneously ensuring that Namibian citizens have a direct path to benefit from the country’s mineral wealth,” Underwood says.

Ongwe Minerals Inc is currently advancing three promising projects within the emerging Northwest Damara gold belt, with a primary emphasis on the Omatjete and Khorixas Gold projects.

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