Ongwe Minerals Q2 2026 loss widens on higher exploration spending, financing-related costs, company says

Reuters2026/08/26 10:33

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Ongwe posted a net loss of CAD 2 million for Q2 2026, widening from CAD 591,139 a year earlier.
Exploration expense rose to CAD 909,928 from CAD 320,958, reflecting stepped-up work across Namibia following the reverse takeover.
Consulting and professional fees climbed to CAD 399,193 from CAD 102,229, driven mainly by financing-related legal and advisory costs.
Share-based payment expense totaled CAD 181,279 following restricted stock unit grants; a CAD 253,533 loss hit from warrant component revaluation.
For the first half, net loss widened to CAD 11.73 million from CAD 1.82 million, mainly due to a CAD 7.84 million listing expense.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ongwe Minerals Inc. published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ongwe Minerals Q2 2026 loss widens on higher exploration spending, financing-related costs, company says

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