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Hamak Gold Limited ( (GB:HAMA) ) has provided an update.
Hamak Strategy Ltd. has signed a Binding Term Sheet with CAA Mining Limited to acquire the Akoko gold licence in Ghana, which holds an inferred gold resource of 276,500 ounces. The acquisition involves an exclusivity period for due diligence and a commitment to further exploration, with the potential for a low-cost open pit mining operation. The deal positions Hamak to enhance its gold resource base and leverage the strong gold market, providing a value accretive opportunity for shareholders.
More about Hamak Gold Limited
Hamak Strategy Ltd. is a company that combines traditional gold exploration in Africa with a Digital Asset Treasury Management strategy. It focuses on acquiring and developing gold projects, particularly in prolific gold areas such as the Ashanti greenstone belt in Ghana.
Average Trading Volume: 8,690,638
Technical Sentiment Signal: Sell
Current Market Cap: £4.41M
For detailed information about HAMA stock, go to TipRanks’ Stock Analysis page.