£200,000 Subscription & Appointment of Adviser

£200,000 Subscription at 0.8p per Share

Appointment of Strategic Adviser and Arranger for Akoko Project Financing

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining advanced gold exploration in West Africa with a disciplined Digital Asset Treasury Management strategy, is pleased to announce that it has entered into a subscription agreement (the “Subscription”) with Verdant International Limited, part of the Verdant IMAP group (“Verdant”, “Verdant IMAP” or the “Adviser”), an international corporate finance adviser, combining deep capital markets and financing expertise with global M&A capabilities

Pursuant to this Subscription, Verdant has agreed to subscribe for 25,000,000 new ordinary shares in the Company (the “Subscription Shares”) at a price of 0.8 pence per Subscription Share, a 23% premium to the the closing mid-market price of the Company’s shares on 8 July 2026, the last practical date prior to the announcement The Subscription will raise gross proceeds of £200,000 for the Company. 

On Admission, the Subscription Shares will represent, an interest of 5.24 per cent. in the Company’s Ordinary Shares.

The Subscription represents a significant strategic investment into Hamak and establishes a new multi-faceted relationship with a major international mining investor group.

In addition to the Subscription, and as part of a further strengthening of the relationship between Hamak and Verdant, the Company is pleased to announce that it has engaged Verdant Capital Limited (“Verdant”, “Verdant IMAP” or the “Adviser”) to act as exclusive adviser and arranger in relation to the financing and strategic development of the Company’s Akoko Gold project in southwest Ghana (“Akoko” or the “Project”).

This appointment represents a significant step in Hamka’s plan to advance Akoko beyond the resource declaration stage and into a structured project finance project, with the objective of attracting specialist strategic, institutional and mining finance capital into the Project.

Highlights

·    Verdant IMAP appointed to lead and arrange potential private capital solutions for Akoko, including debt, pre-payment, royalty, streaming, equity and / or equity-linked structures

·    Mandate designed to support completion of the purchase / option exercise of Akoko, the Preliminary Economic Assessment and the future project and mine development funding for Akoko

·    Verdant to identify, prioritise and approach potential investors, assist with investor materials and financial model review, coordinate investor meetings and assist Hamak in evaluating proposals received

·    Verdant has undertaken a £200,000 private placement into new Hamak shares at a price of 0.8 pence per share

Strategic Financing Pathway for Akoko

Under the engagement, Verdant will assist Hamak in developing and executing a financing pathway for Akoko which may include one or more of the following:

·    Strategic project-level investment into Akoko or a project vehicle

·    Senior or mezzanine debt

·    Royalty or streaming structures

·    Offtake-linked funding, pre-payments financing or related commercial agreements

·    Equity or equity-linked funding at the Company or project level

No financing, offtake, royalty, streaming or strategic investment transaction has yet been agreed and there can be no certainty that any such transaction will be completed.

Akoko Progress and Next Steps

Recent drilling results at Akoko continue to demonstrate near-surface oxide gold mineralization at Akoko.  The Company has previously stated that, based on historical drilling and assay results, its technical consultant estimated a non-JORC mineral resource estimate of 252,000 ounces gold from two small areas and at depths of less than 50m from surface, which the Board believes may be amenable to low-cost open pit mining.   This historical estimate is not a JORC-compliant Mineral Resource and should not be regarded as such. Hamak intends that the historical and current drilling data will be incorporated into an independently generated and industry compliant Mineral Resource Estimate which will be announced in the near future.

Karl Smithson, Chief Executive Officer and Executive Director of Hamak, commented:

“We are very pleased to have signed this engagement with Verdant IMAP, which we believe gives Hamak a much clearer and more ambitious financing pathway for Akoko. The drilling campaign has delivered a series of encouraging near-surface oxide gold intercepts which will now be compiled into a robust mineral resource estimate.  We will then commence work on a Preliminary Economic Assessment to determine the potential economics of a future mining operation. 

“Our focus is to convert that geological momentum into a financeable development plan based on the results of the PEA.

“Verdant brings significant African private capital, strategic advisory and transaction execution capability. Importantly, the mandate is not limited to conventional equity; it is deliberately designed to explore debt, pre-payment, royalty, streaming, offtake and equity-linked solutions that could fund the Akoko option exercise, the Preliminary Economic Assessment workstreams and, ultimately, the mine development pathway. That is an important step for Hamak as we seek to build value at project level while protecting shareholders from unnecessary dilution wherever possible.

“We believe Akoko has the characteristics that specialist mining finance investors look for: shallow oxide gold mineralization, encouraging continuity, a clear technical work programme, and a defined pathway towards an independent Mineral Resource Estimate and Preliminary Economic Assessment. The Board believes this appointment materially strengthens Hamak’s ability to accelerate the Project and create meaningful value from its Ghanaian gold platform.”

Edmund Higenbottam, Chief Executive Officer of Verdant IMAP commented:

“Ghana is a core market for Verdant IMAP and we continue to support emerging leaders in mining and other key sectors of the economy. 

“We are pleased to enter into this agreement to assist Hamak sourcing the necessary finance to unlock the considerable value that we see in Akoko and the Company itself.  This is why we are also investing in Hamak via a private placement.”

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, CEO and Executive Director