Hamak Strategy Agrees Sale of Nimba Gold Project in Liberia

04:21 AM EDT, 10/08/2026 (MT Newswires) -- Hamak Strategy (HAMA.L) agreed to relinquish its rights to the Nimba gold project in Liberia for up to $4.5 million, according to a Thursday release. The London-listed gold exploration and Bitcoin treasury management company said its Liberia-registered unit, 79 Resources, is selling the project to Avesero Mining's Liberian subsidiary, Bea Mountain Mining Corp. The deal includes up to $2 million in milestone payments and a 2% royalty on total production from the project. Bea Mountain has the option to pay $2.5 million to Hamak to reduce the royalty to 1%.