Hamak Strategy (LSE:HAMA), a West Africa-focused gold explorer that also runs a digital asset treasury strategy, has secured a £200,000 subscription from Verdant International and named the corporate finance group as exclusive adviser and arranger for the Akoko Gold project in southwest Ghana.
The dual arrangement pairs fresh capital with a structured mandate: Verdant will identify and approach potential investors across debt, royalty, streaming, equity and equity-linked structures, and will assist with financial modelling and investor materials as Hamak pursues a defined project finance pathway for Akoko.
The immediate priorities under the mandate are completion of the option exercise over Akoko, delivery of a Preliminary Economic Assessment, and eventual mine development funding.
Hamak said recent drilling has continued to demonstrate near-surface oxide gold mineralisation at the site, and that historical data points to a non-JORC resource estimate of 252,000 ounces from two areas at depths of less than 50 metres, amenable to open-pit methods.
An independently generated, industry-compliant mineral resource estimate is described as forthcoming.
"Our focus is to convert that geological momentum into a financeable development plan based on the results of the PEA," said Karl Smithson, Hamak's chief executive.
No financing transaction has yet been agreed and the company said there is no certainty any deal will be completed.
