ONGold Resources announced that Evolution Mining has terminated its earn-in agreement, returning full ownership and operatorship of the October Gold Project to ONGold. The project is a large, underexplored property in northeastern Ontario near IAMGOLD's Côté Gold Mine and the historic Jerome Mine, both significant gold producers. ONGold plans to apply for exploration permits in late 2026 and conduct geological surveys and drilling to unlock new gold discoveries. This strategic move positions ONGold to leverage the project's potential within a proven gold corridor in the Swayze Greenstone Belt.
ONGold Resources' project update comes as 48 of 83 Basic Materials-sector US stocks on Pluang rose today. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 16, 2026 18:11 WIB: Almonty Industries Inc. shares rose 2.18% to USD 10.32 with 100% buy orders and a typical hold time of 2 days; ArcelorMittal SA gained 1.86% to USD 64.78 with 100% buy orders and a 36-day hold time; WD 40 Company increased 1.73% to USD 204.56 with a 24-day hold time.
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