Interim Results (Sept 2026)

Hamak Strategy Limited (LSE: HAMA), a Company pursuing a dual strategy of gold exploration and disciplined Bitcoin treasury management, is pleased to announce its interim results for the six-month period ending 30 June 2026 (the “period”).

Highlights

• Due diligence concluded on the Akoko gold oxide project in Ghana
• Reverse Circulation drilling commenced and intersected numerous high-grade and long gold intersections near surface within the oxide zones
• Hamak resumed 100% ownership of the Nimba gold project in Liberia and sold its holding in First Au Limited for A$750,000
• Board and Management Changes and new Advisory Board Appointments announced
• Treasury Policy advanced via further Bitcoin purchases, purchase of physical gold and shares in listed BTC company, Vaultz plc

Post Period Events

• 2,514m of reverse circulation drilling and assays completed
• 210,430oz gold resource declared at Akoko (NI43-101 compliant)
• Over 120,000oz of “free digging” oxide material within 50m of surface at a grade of 0.81g/t Au
• Snowden Optiro engaged to conduct the Preliminary Economic Assessment (“PEA”) for a shallow open pit and heap-leach gold mining operation at Akoko
• Private placing of £200,000 at 0.8p per share with Verdant Capital, which was also engaged as a financial advisor for attracting investment for the potential future Akoko mine development
• Successful warrant exchange offer resulted in 192,370,375 warrants being exchanged for 38,474,075 new Hamak shares
• Restructuring of the convertible loan note with Yorkville Advisors to a £1.66m loan with no conversion rights and 1.66m new warrants issued to YA at a cash exercise price of 1.0p
• 1.60kg of the gold holding sold
• Sale of 8 Bitcoin for £60,314.54 each, generating gross proceeds of £482,516.32 to progress the Preliminary Economic Assessment (“PEA”) at its Akoko Gold Project in Ghana, to retire a portion of the Company’s existing debt, and for general working capital purposes
• Cancellation of the Company’s shares from trading on the OTCQB exchange

Nicola Horlick, Non-Executive Chair of Hamak, commented:

“The first half of 2026 proved to be a very active and productive period for Hamak.  We have advanced the Akoko project from due diligence through drilling and the declaration of a maiden gold resource of 210,430 ounces (“oz”) which is mostly constrained within the upper 80 metres (“m”) of surface.  We have appointed independent consulting group Snowden Optiro to undertake a PEA to determine the potential economics of an open pit, heap-leach gold operation focussed on the upper 50m of oxide material, and we expect results of this study to be available before year end. 

“The Company also restructured its board and management to be more focussed and efficient on the two key strategies of the Company, primarily focusing on gold exploration with a balanced treasury policy of buying, holding and trading Bitcoin, gold and shares of listed entities that through their own Bitcoin (“BTC”) holdings provide value entry points to have BTC exposure.

“The second half of 2026 will be focussed on delivering the PEA at Akoko, seeking potential financial opportunities to support the acquisition of the Akoko option as well as advancing the project towards the licencing and development phases, should the PEA outcomes prove positive.”   

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.