Hamak Strategy Builds A Differentiated Gold Platform

By ValueTheMarkets

May 13, 2026

4 min read

Hamak’s 2025 repositioning combines West African gold assets with Bitcoin and physical gold treasury reserves to support long-term growth.

Stark contrast of gold bars and digital currency icons, representing control over physical and digital assets

#Dual Asset Strategy Creates Multiple Paths To Growth

Hamak Strategy (LSE: HAMA) (OTCQB: HASTF) reshaped its business in 20251, suggesting a broader platform for long-term value creation. The company has moved beyond being a single-asset explorer by combining high-potential gold projects in West Africa with a treasury strategy built around Bitcoin and physical gold, creating exposure to multiple appreciating asset classes within one listed vehicle.

This shift highlights a business model with greater flexibility than many junior mining peers. Gold exploration offers operational potential through project advancement, while treasury holdings introduce an additional layer of balance sheet growth that can strengthen capital resources over time. That combination may give Hamak more strategic options as it develops assets, evaluates acquisitions, and expands its footprint in the sector. Meanwhile, Hamak’s Advisory Board has been significantly strengthened with the addition of Dr. Arthur Laffer, Brittany Kaizer, Tim Franks, and Steven Poulton, bringing world-class expertise across finance, economics, blockchain, crypto, and natural resources.

The company's operating portfolio has taken shape around two complementary West African assets, each at a different stage of advancement. Akoko in Ghana offers shallow mineralization, established historic drilling, and infrastructure access within one of Africa’s most proven gold belts. Drilling began at Akoko last month. Nimba in Liberia remains a meaningful exploration asset with encouraging drilling results and renewed flexibility following Hamak’s return to full ownership. Together, these assets provide Hamak with both near-term development momentum and longer-term discovery potential.

#£5 Million Raise Supports Treasury Growth And Gold Expansion

Hamak raised £5 million during 2025 through equity and convertible loan notes, providing fresh capital to execute its repositioning strategy. During the year, the company established a Bitcoin treasury holding of 20 Bitcoin, later increasing that position to 26 Bitcoin post period. Early 2026, Hamak has added 1.65 kilograms of physical gold to treasury reserves and acquired a 3.05 percent stake in Vaultz Capital.

Operationally, Hamak secured an exclusive option over the Akoko Gold Project in Ghana, where internal and historic work supports a substantial non-JORC gold inventory and indicates potential for open pit extraction. Management estimates acquisition metrics at roughly US$8 to US$10 per ounce equivalent, which the company believes compares favorably with development-stage gold transactions in the sector, though investors should conduct their own assessment. The company also plans confirmatory drilling, resource restatement work, and an independent Preliminary Economic Assessment  (PEA) to advance the project toward development readiness.

At Nimba, Hamak completed drilling, mapping, and geochemical work, then regained full ownership following the end of its joint venture arrangement. That leaves the company with greater control over project strategy while preserving potential upside through future partnership options.

Karl Smithson, CEO and Executive Director, said:

"We have started 2026 with good momentum, having increased our Bitcoin holding, initiated physical gold exposure and advanced work at Akoko. With a clear strategy and strong team in place, we are well positioned to deliver growth and value for our shareholders."

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#Highlights from Hamak’s Annual Report

  • £5 million raised to fund expansion strategy

  • Bitcoin treasury increased to 26 Bitcoin post period end

  • Physical gold added as a reserve asset

  • Akoko per-ounce acquisition metrics compare favorably with sector peers, based on management estimates

  • Nimba returns to 100% ownership

  • Two gold projects provide operational depth

  • Treasury holdings add a second avenue for balance sheet growth

#Strategic Takeaways for Investors

Hamak is increasingly positioning itself as a hybrid hard-asset growth company rather than a traditional junior explorer. Its model combines exploration upside, project acquisition value, and treasury accumulation into a structure that has potential to scale in multiple directions.

For investors looking for exposure to gold development with added strategic optionality, Hamak’s repositioning creates a more differentiated story in the listed small-cap resource market. The next milestones at Akoko and continued treasury growth could further strengthen that positioning.

#About Hamak Strategy

Hamak Strategy Limited (LSE: HAMA) (OTCQB: HASTF) is a gold exploration and development company focused on advancing early-stage gold assets in West Africa. The Company currently operates a portfolio of projects in Ghana and Liberia, with additional exposure to treasury strategy that includes holding physical gold and Bitcoin.

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#FAQs for Retail Investors

#Why has Hamak added Bitcoin and physical gold to treasury?

The company’s treasury strategy is designed to complement operational gold exposure with reserve assets that can strengthen balance sheet flexibility over time.

#What makes Akoko attractive to Hamak?

Akoko combines historic drilling, shallow mineralization, favorable acquisition economics, and a strategic location within Ghana’s established Ashanti gold belt. Hamak’s current drilling campaign includes 72 drill holes across two primary target areas at Akoko, focused on oxide gold mineralization within the upper 80 meters of the deposit, where prior modeling indicates potential for near-surface extraction. The project also offers a relatively low-cost acquisition opportunity with a clear pathway toward resource definition and potential future development.

#What does full ownership of Nimba mean?

It gives Hamak full strategic control over how the asset is advanced, including partnership, exploration, or development pathways.

#What should investors watch next?

Progress at Akoko, further treasury development, and any strategic moves around Nimba are likely to be key milestones.

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