# Hamak raises funds for Ghana gold project PEA

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/hamak-raises-funds-for-ghana-gold-project-pea--1b24a955-0e2a-4623-bf63-cc8524f88492

Original source: https://www.miningweekly.com/article/hamak-raises-funds-for-ghana-gold-project-pea-2026-09-21

Publisher: miningweekly

Original announcement: 2026-09-21T13:32:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-21T16:36:31.669Z

Atlas analysis updated: 2026-09-21T16:36:31.669Z

- Company: Hamak Strategy

- Ticker: Unavailable

- Exchange: Unavailable

- Region: Ghana

- Primary commodity: Gold

- Secondary commodities: Bitcoin

- Document categories: Capital raise, Resource update, Metallurgy

- Extracted: 2026-09-21 16:36:32 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Hamak Strategy has completed the sale of eight Bitcoin to generate approximately £482,516 in gross proceeds. The funds are earmarked to progress the Preliminary Economic Assessment \(PEA\) for the Akoko gold project in Ghana, retire debt, and provide working capital.

Reasoning: The company successfully raised ~£482k via BTC sale to fund a PEA for the Akoko gold project, which has a defined oxide resource.

- Positive factor: successful liquidation of BTC to fund gold project PEA

- Positive factor: existing gold oxide resource of 124,000 oz

- Positive factor: positive historical metallurgical recovery \(85-95%\)

- Negative factor: reliance on crypto-asset liquidation for project funding

Facts used in scoring: 2

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The company is progressing a PEA for the Akoko project, implying it is in early stages.

Evidence · text

> progress the preliminary economic assessment \(PEA\) at its Akoko gold project

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap leach"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Metallurgical Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/hamak-raises-funds-for-ghana-gold-project-pea--1b24a955-0e2a-4623-bf63-cc8524f88492#fact-metallurgical-facts-1)

gold

#### Identity

- Commodity: gold
- Region: ghana
- Reported Region: Ghana

#### Test Work

- Sample: fine bottle roll testwork

#### Recovery

- Recovery: 90 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: Historical metallurgical testwork showed strong recovery rates.

- Positive factor: high recovery range reported

Evidence · text

> returned between 85% and 95% gold recovery rates

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.