New Risk • Feb 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$96.1m market cap, or US$70.4m). New Risk • Jan 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$51.3m market cap, or US$37.4m). Announcement • Jan 19
ONGold Resources Ltd. Announces Final Results from Its Recently Completed Nine Hole 2,169m Diamond Drilling Program in the Gold Ridge Area of the Ti-Pi-Ha-Kaa-Ning Project Located in Northern Ontario ONGold Resources Ltd. announced the final results from its recently completed nine hole 2,169m diamond drilling program in the Gold Ridge area of the Ti-pi-ha-kaa-ning ("TPK") project located in Northern Ontario. TPK claims are located on the regional communities' winter road network connecting directly to the Musselwhite Gold Mine access road north of Pickle Lake. All assays have now been received from the Fall 2025 drill program with the following new copper (Cu) and silver (Ag) and gold (Au) results highlighted below. West Discovery Copper-Silver-Gold Zone. GR-25-012: 3.06% Cu, 60.3 g/t Ag and 1.5 g/t Au over a core length of 1.5 m (318.5 to 320.0 m) including 11.1% Cu, 218 g/t Ag and 4.45 g/t Au over 0.40 m (319.2 to 319.6 m) in an east trending shear zone. Drill holes GR-25-014 and GR-25-015 extended known gold mineralization 1.0 km north of the Discovery Zone, part of a 1,400 m long X 400 m wide interpreted structural corridor. Drill hole GR-25-012 identified a massive sulphide zone at a vertical depth of only 225 m from surface in the West Discovery Zone with significant copper and silver results. Significant potential for further discovery exists across the 1,500-metre gap between the West Discovery Zone and the Discovery Zone, an area with no previous drilling. The results of this program in conjunction with previous exploration results are interpreted to indicate the presence of a large, intrusive-hosted, orogenic copper-gold system. 
