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RNS Number : 0019R London BTC Company Limited 30 January 2026
LONDON BTC COMPANY LIMITED
Launch of Bitcoin and Gold Hedging Strategy
Call Option to Buy the Chance Gold Mine in Western Australia
London, New York, 30 January 2026 - London BTC Company Limited ("Company")
(BTC: LSE, VINZF: OTCQB), the London Stock Exchange Main Market-listed bitcoin
mining and treasury company with mining operations across North America, is
pleased to announce that following on from statements made in its latest
Interim Results, it has signed a call option to acquire a 100% interest in the
Chance Gold Mine in Western Australia as part of the Company's strategy to
hedge against Bitcoin volatility.
In the Company's Interim Results published in November last year, the Company
advised shareholders that, given the volatility of Bitcoin, the board has been
investigating potential hedging strategies. As stated in the Interims, the
Company had identified certain gold assets that may act as a hedge against
Bitcoin volatility, and the Company may therefore make investments in certain
gold assets from time to time.
Stage One of this hedging strategy has now taken effect with the signing of a
30-day exclusive Call Option to acquire the tenements that contain the
historic Chance Gold Mine, which is located about 4km south of the 2.6Moz
Copperhead Gold Mine near the town of Bullfinch in the Western Australian
Goldfields. The Chance Mine reported historic production in the 1930's of gold
ore grading 9.4 grams per tonne of gold (g/t Au). Limited drilling by Troy
Resources Ltd in the 1980's reported grades up to 2m grading 6.9 g/t Au with
numerous drill holes reporting grades over 1 g/t Au. The board considers that
modern exploration targeting techniques have the potential for delivering
drilling results that could add value in the short to medium term.
David Lenigas, Chairman of London BTC Company Limited, comments:
"Your board has extensive experience in gold exploration and mining, and we
are leveraging off this experience. We like Bitcoin and we like gold and by
linking the two we feel we could create a very exciting platform for growth
and one that could see our Bitcoin operations grow faster. I believe that Gold
is the hottest financial sector globally now and our view is that holding
exciting gold assets and, indeed, potentially holding physical gold in
treasury, is a sound hedging strategy in these volatile times. I'm also very
excited about the possibility of expanding this hedge into the US gold areas
we are currently assessing. Great gold tenements can be run up the value curve
and either developed or sold, and these funds could be used to make us bigger
in Bitcoin much quicker."
"The Company is also investigating with our USA hosting partners in Iowa,
Indiana, Nebraska and Texas the possibility of expanding our US Bitcoin mining
fleet to 1,500 miners through 2026 and we will update the markets as these
plans mature and are deployed."
The Company will be undertaking legal and geological due diligence on the
ground at the Chance Gold Mine's tenements during the month of February and we
expect to report findings as results become available.
The Company has a strong balance sheet, no external debt and 1,048 Bitcoin
miners producing Bitcoin in North America at hosting centres in the US in
Indiana, Iowa, Nebraska, Texas and Labrador (Canada). The revenues from our
miners and our balance sheet will be used to fund gold exploration to add
value to this gold asset so that any realised increased value can be returned
to the Company's Bitcoin treasury and continued increase in our Bitcoin mining
fleet.
In addition to this initial gold hedge deal in Australia, the Company advises
that it is also in the process of setting up a special purpose subsidiary in
the USA to explore the possibility of staking areas over highly prospective
gold ground in known gold provinces. The board is in the process of
identifying and investigating various opportunities in the US. These potential
US gold sites will also be assessed for suitability to host new stand-alone
data centres to house Bitcoin mining operations.
Figure 1: Location of the Chance Gold Mine and Project and Copperhead Gold
Mine
Transaction terms:
This is a small transaction by financial quantum that nevertheless has the
potential to have a very significant positive impact for the Company.
The Company has signed a Call Option to acquire a 100% interest in 2 granted
tenements (P77/4569 and P77/4570) called the "Chance Mine Project" in Western
Australia for an initial cost of AUD$5,000 paid to the vendor. The Call Option
has a 30-day exercise period and can be exercised in full by paying an
additional AUD$5,000. During this Call Option period, the Company will be
conducting the necessary due diligence to determine whether this project might
be appropriate for the Company's objectives.
This transaction is fully funded by internal reserves, and it is intended that
any exploration activities will also be funded from the Company's internal
reserves. This transaction is being conducted on an arm's-length basis with an
unrelated party to the Company.
Figure 2: Location of the Chance Gold Mine Project in Australia
The directors of London BTC Company Limited accept responsibility for this
announcement.
For further information please contact:
London BTC Company Limited Hewie Rattray, CEO hewie@ldnbtc.com
David Lenigas, david@ldnbtc.com
Rob Scott, Finance Director, rob@ldnbtc.com
Jeremy Edelman, jeremy@ldnbtc.com
First Sentinel (Corporate Adviser) Brian Stockbridge
brian@first-sentinel.com
T: +44 (0) 20 3855 5551
Clear Capital Markets (Broker) Bob Roberts
bobroberts@clear-cm.co.uk
T: +44 (0) 20 3869 6080
Marex Financial (Joint Broker and Advisor) Angelo Sofocleous / Keith Swann / Matt Bailey (Broking)
Email: corporate@marex.com
T: +44 (0) 207 655 6000
About London BTC Company Limited
The Company's primary listing is on the London Stock Exchange (United Kingdom)
under the ticker "BTC.L" and it trades in the USA on the OTCQB under the
ticker "VINZF". The Company is building up a strategic Bitcoin holding through
acquiring Bitcoin as a treasury and currency management tool and through
adding Bitcoin generated from its mining operations in North America. The
Company currently operates Bitcoin miners hosted across multiple third-party
facilities in Indiana, Iowa, Nebraska and Texas (USA) and Labrador (Canada).
References for Chance Gold Mine and Copperhead Mine statistics quoted in this
Release:
· Western Australian Government open file document on the Chance Gold
Mine: Reynolds Yilgarn Gold Operations - Annual Report for the Period 31
October 1992 - 30 October 1993 - Dated November 1993
o
https://urldefense.proofpoint.com/v2/url?u=https-3A__uploads.dmp.wa.gov.au_uploads__Download_WAMEX_Reports_f14812fc-2Dc037-2D4534-2Db9a6-2Ded6b3f70b955-2Drgrofyp83hhk8sf7waarq5d1xrgyk1q2qfwbpe8v_39847-3FgroupAccessToken-3DgqMe1oUgaFYnuIO-5FZS54BZ95Igwewl06HB-2D805lVqPlA88eQpPNNvADwOdtzSjfBX9kiR7zaz3iOI9RZNaGIIg2-26mode-3DDefault&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=5CSEot5qcQx6R6anJyoD1VYYRwYDREhfCZ0FKVyMk58&m=9rjo2R8SzO-awInsN0LHVwFj2Un6QCTsjhtXBRNsTNmIoncedkujwOAzp7bsRZOW&s=f8RiJKgTn5e6VUPQLpgNRDLCMKLrSODZaJFR5Zhp1B0&e=
· Western Australian Government open file document -
o
https://minedex.dmirs.wa.gov.au/Web/sites/details/3A4D4678-4CB8-49C5-B5A6-601C63FB1AF6
·
https://www.hankingmining.com/static/upload/file/20251229/1767009428875356.pdf
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