Hamak Strategy Limited (LSE: HAMA), a Company pursuing a dual strategy of gold exploration in West Africa and disciplined Bitcoin treasury management, is pleased to announce that, following the recent price appreciation of Bitcoin (“BTC”) it has completed the sale of 8 BTC on 18 September 2026 at a price of £60,314.54 (approximately $80,671) per BTC, generating gross proceeds of £482,516.32.

The proceeds will be used to progress the Preliminary Economic Assessment (“PEA”) at its Akoko Gold Project in Ghana as well as retire a portion of the Company’s existing debt, and for general working capital purposes. The sale is solely intended to address these short-term funding objectives and leaves Hamak’s longer-term commitment to both gold and Bitcoin unchanged.

Highlights

• £482,516 raised through sale of 8 BTC
• 18 BTC, valued at approximately £1,075,000, retained in treasury
• Funding will support the advancement of the Akoko PEA as well as retire some short-term debt

Akoko PEA Progress

Several Snowden Optiro (“Snowden”) technical consultants have recently completed a site visit to the Akoko gold project where they reviewed the project, site logistics and mineral resource areas that will be included in the overall study for an open-pit, heap-leach gold mining operation.  Following on from this visit, Snowden will now generate proposed open pit mining shells and determine an appropriate mine schedule for possibly two open pits at Akoko North and South respectively.  The pit shells will primarily be focused on the 124,000-ounce gold oxide resource contained from surface to a depth of 50m. 

A detailed drone survey is scheduled to be flown to provide a centimeter accurate topographic profile, which will assist Snowden in determining the optimum infrastructure footprint to support the recommended open pit, to include access and haul roads, location of ore and waste dumps, heap leach pads and processing and recovery plants. 

Snowden will also be recommending further metallurgical test work on material contained within these proposed pits, utilizing a combination of Hamak’s recent drill samples as well as collecting material from mineralized pit faces exposed from certain artisanal gold mining activity. Previous metallurgical test work on fine bottle roll test work returned between 85-95% gold recovery rates.

Gold and Bitcoin strategy reaffirmed

Hamak’s dual strategy combines the advancement of its gold assets with long-term exposure to Bitcoin through its treasury. The sale represents a targeted use of part of that treasury to meet current funding requirements and support progress at the key Akoko Gold Project in Ghana.

Hamak retains 18 BTC, currently valued at £1,075,000, under its existing custody and security arrangements.

Mike Murphy, Chief Strategy Officer and Executive Director of Hamak, commented:

“This is a purposeful step forward for Hamak. Our Bitcoin treasury gives us financial flexibility, and we are using a measured portion of it to support advancing the Akoko PEA as well as reduce debt and provide short-term working capital. We retain 18 BTC and remain firmly committed to Bitcoin as a core part of our strategy.

“Akoko is a priority of Hamak. Supporting the PEA will help us assess the project’s development potential and make informed decisions about its future.

“I am very positive about Hamak’s future. We have a clear direction: advance our gold assets and maintain a meaningful Bitcoin treasury. Both remain central to our ambition for the Company. Our focus now is on turning that strategy into progress for shareholders, with disciplined financial management and delivery at Akoko.”