Ongold Resources Ltd
0.50
CAD
-0.04
(-7.41%)
ISIN
CA68277V1040
CUSIP
68277V104
Return %
Stock
S&P 500
1Y
-43.18
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
CAD
•
in mil. unless spec.Working Capital
CAD
•
in mil. unless spec.Growth Rates
CAD
•
in mil. unless spec.Quarterly Revenue
CAD
•
in mil. unless spec.Quarterly Earnings Per Share
CAD
•
in mil. unless spec.Quarterly Dividends Per Share
CAD
•
in mil. unless spec.Company Description
- CEO
- Kyle Stanfield
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1410-120 Adelaide Street West Toronto ON Canada M5H 1T1
- IPO Date
- May 8, 2024
- Website
- ongoldresources.com
- Similar Companies
- Business
- ONGold Resources Ltd. (TSXV:ONAU) is a Canada-based junior mineral exploration company focused on gold, silver, copper, and tungsten deposits in Northern Ontario and Manitoba. The company holds a portfolio of district-scale properties, including the Ti-pa-haa-kaa-ning (TPK) Project spanning 47,796 hectares along the under-explored Stull-Wunnummin Fault Zone; the October Gold Project covering 271 square kilometers in the Swayze Greenstone Belt, subject to a 75% option by Evolution Mining Limited; the Monument Bay Gold-Tungsten Project with historic resources and over 232,000 meters of drilling across more than 800 holes; the Domain Gold Project; Rapson Bay; Thorne-Ellard; and Meston Lake, collectively comprising extensive land packages totaling approximately 749 square kilometers in major gold camps such as Timmins South. ONGold conducts exploration activities encompassing diamond drilling, geophysical surveys including induced polarization and magnetometer, infill sampling, geological mapping, and till anomaly analysis to delineate and expand mineralization zones, with operations supported by field camps and strategic Indigenous partnerships emphasizing sustainable development. Founded through a 2024 spin-out from Northern Superior Resources Inc. and headquartered in Toronto, Ontario, ONGold targets junior explorers, institutional investors, and local communities in Canada's prolific greenstone belts. The company maintains 100% interests in most assets, except October Gold under option, and prioritizes responsible exploration in regions prospective for orogenic gold systems akin to nearby major mines like Newmont's Musselwhite. In late 2024, ONGold completed the acquisition of the Monument Bay and Domain projects from Agnico Eagle Mines Limited and Capella Minerals Ltd. for $250,000 cash and 8.7 million shares, granting Agnico Eagle a 15% equity stake and investor rights including financing participation and board nomination; this transaction diversified its portfolio with advanced-stage assets featuring historic indicated resources of 2.3 million ounces gold at 1.24 g/t and inferred resources of 720,000 ounces at 0.92 g/t, alongside tungsten potential. In September 2025, ONGold closed an upsized $9.3 million bought deal private placement of flow-through and hard dollar shares to fund qualifying exploration expenditures on Ontario and Manitoba properties through 2026. Recent activities include initiating diamond drilling at TPK's Gold Ridge in November 2025, tungsten-gold infill sampling at Monument Bay in September 2025, geophysical updates from Evolution at October Gold in August 2025, and identifying five high-priority gold targets at Monument Bay in March 2025, alongside summer exploration with IP surveys.
Company News
ONGold Advances Geological and Structural Understanding of the Monument Bay Gold & Tungsten Deposit