Hamak Gold Limited has reported its interim financial results for the six months ended 30 June 2025.
-
The company recorded an operating loss of $324,000, leading to a loss before and after taxation of $397,000.
-
Loss per share remained unchanged at $(0.004).
On the balance sheet side:
-
Non-current assets stood at $2,062,000,
-
Current assets totalled $74,000,
-
Resulting in total assets of $2,136,000.
-
Equity increased to $1,027,000.
Post-Period Developments
-
The company raised £2.467 million through the issue of 308,375,000 new ordinary shares at £0.008 per share, each accompanied by a warrant.
-
Hamak Gold acquired 20 Bitcoin at £88,569 each, for a total investment of £1.77 million.
-
The group also received the first tranche payment for its 35% stake in the Nimba project, comprising A$250,000 in cash and 100 million shares in First AU (FAU).
Highlights
· Strategic Joint Venture partnership signed with ASX listed First Au Limited (“FAU”) over the Nimba gold exploration licence
o FAU to fund Nimba exploration programme and issue combination of shares and cash to the Company in return for a progressive earn-in
o Detailed mapping and interpretation of structural geology in vicinity of the high-grade Ziatoyah gold discovery completed in advance of a FAU funded drill programme
Highlights Post Period
· On 3 July 2025, the Company raised gross proceeds of £2,467,000 through the issue of 308,375,000 new ordinary shares, each new share has an attaching 1-for-1 warrant at £0.008 per share, with existing shareholders on the register, immediately before the placing and subscription awarded a free 1-for warrant on the same terms
· New Board appointments made to advance the Company’s corporate strategy of embarking on a Bitcoin Treasury Management Policy alongside the existing gold exploration, with Nick Thurlow, appointed Executive Chairman and Nicola Horlick as Non-Executive Director
· Appointment of world-renowned economist Dr. Arthur Laffer as inaugural Advisory Board member
· Purchase of 20 Bitcoin at £88,569 per Bitcoin (£1,771,380 total) and strategic partnership with ARCHAX, the first FCA regulated digital asset exchange, broker and custodian
· A 3,000m drilling programme commences at Nimba
· First tranche payments of A$250,000 and 100 million shares in FAU received in return for a 35% position in the Nimba project, with Hamak Gold holding the remaining 65%
Nick Thurlow, Executive Chairman of Hamak Gold, commented:
“We are pleased to announce our interim results for the six-months ending 30 June 2025. Alongside significant progress at Nimba, where drilling is now underway following our joint venture with FAU, we have also launched a Bitcoin Treasury strategy, designed to strengthen and diversity our balance sheet. These combined initiatives position the Company for accelerated growth through the remainder of 2025, with the dual focus of our gold assets and new Bitcoin Treasury strategy to deliver value to Hamak Gold and its shareholders.”
For further information you are invited to view the company’s website at www.hamakgold.com or please contact:
|
Hamak Gold Limited Nick Thurlow Karl Smithson |
|
