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Hamak Gold Limited ( (GB:HAMA) ) has issued an announcement.
Hamak Gold Limited has announced a strategic partnership with First Au Limited for the Nimba Gold Project in Liberia. Under this agreement, First Au will fund exploration and drilling activities, potentially increasing its stake in the project, while Hamak Gold will benefit from share issuances and potential future value from resource declarations. This partnership aims to advance the Nimba project efficiently and is seen as beneficial for both shareholders and Liberia’s resource sector. Additionally, Hamak Gold has made board changes and issued shares to directors and consultants to conserve cash.
More about Hamak Gold Limited
Hamak Gold Limited operates in the resources sector, focusing on exploration and development of mineral projects. The company is primarily engaged in gold exploration, with a significant market focus in Liberia, where it seeks to leverage its majority Liberian ownership to attract foreign investment.
Average Trading Volume: 265,109
Technical Sentiment Signal: Sell
Current Market Cap: £385.1K
For an in-depth examination of HAMA stock, go to TipRanks’ Stock Analysis page.