Latest news with #Vast
Time of India
18-05-2025
- Business
- Time of India
US firm Vast keen to collaborate with ISRO on Bharat Antariksh Station
US-based space habitation company Vast has offered to collaborate with ISRO for the Bharat Antariksh Station that the Indian space agency plans to set up by 2035. Vast CEO Max Haot held discussions with Indian Space Research Organisation (ISRO) officials earlier this month for a possible collaboration in the field of space technology and offered to host Indian scientists and engineers on the space station his company plans to send to orbit next year. The California-based company plans to launch Haven-1, a single-module space station, on a SpaceX Falcon 9 rocket in May 2026. With a mission life of three years, Haven-1 is a precursor to Haven-2, which Vast hopes would qualify as a successor to the International Space Station that will be retired in 2031. The International Space Station is a collaborative effort of the US, Russia, Canada, Japan and the European Space Agency. China also launched its space station, 'Tiangong', in 2021 and has maintained human presence in space. "Some of the ideas that were being discussed is, you know, maybe we can offer access to our space station but also get access to that space station and share capacity or share size," Haot told PTI here. India plans to launch the first module of the Bharat Antariksh Station in 2028 and complete it by 2035. Live Events "We definitely see a lot of opportunities if obviously India and ISRO welcome it to collaborate, especially (given) that our two countries are politically very friendly," Haot said. "Right now, the other two human spaceflight-capable countries (Russia and China) are not in the same acceptable region for current US politics. So, that creates a unique situation where we might have two human spaceflight-capable countries that can work together," he added. In 2023, the National Aeronautics and Space Administration (NASA) signed a five-year, unfunded Space Act Agreement (SAA) with Vast, with the stated purpose of helping the company's "concept maturation and eventual implementation of space station modules". The Haven-1 spacecraft has a 45-metre-cubed volume and is designed to support up to four crew members for missions of an average of two weeks in length. It consists of four crew quarters for sleeping, several mid-deck lockers for science modules, a common area with a deployable table and multiple crew interfaces. "Right now, we are solely focused on the SpaceX offering, but we are interested to hear whether there will be a competitive, reliable, safe option that we can use to bring our customers using the Gaganyaan vehicle to our space station," Haot said.
Yahoo
15-05-2025
- Business
- Yahoo
Change of Registered Office
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 15 May 2025 Vast Resources plc('Vast' or the 'Company')Change of Registered Office Vast Resources plc, the AIM quoted mining company, announces that its registered office has been changed from 60 Gracechurch Street, London EC3V 0HR, to c/o Arch Law Limited, Huckletree Bishopsgate, 8 Bishopsgate, London EC2N 4BQ with immediate effect. **ENDS** For further information, please visit the Company's website at or contact: Vast Resources plc +44 (0) 20 7846 0974 Andrew Prelea (CEO) Strand Hanson Limited – Nominated & Financial Adviser +44 (0) 207 409 3494 James Spinney / James Bellman Shore Capital Stockbrokers Limited – Joint Broker +44 (0) 20 7408 4050 Toby Gibbs / James Thomas (Corporate Advisory) Axis Capital Markets Limited – Joint Broker +44 (0) 20 3206 0320 Richard Hutchinson St Brides Partners Limited +44 (0) 20 7236 1177 Susie Geliher ABOUT VAST RESOURCESVast Resources plc is a United Kingdom AIM quoted mining company with mines and projects in Romania, Tajikistan, and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. The Company retains a continued presence in Zimbabwe. The Company is re-engaging its future investment strategy in Zimbabwe and has commenced discussions with further mining concessions in-country alongside its wider portfolio. Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced. Also in Tajikistan, Vast has been contracted to develop and manage the Aprelevka gold mines on behalf of its owner Gulf International Minerals Ltd ('Gulf') under which Vast is entitled, inter alia, to 10% of the earnings that Gulf receives from its 49% interest in Aprelevka in joint venture with the government of Tajikistan. Aprelevka holds four active operational mining licences located along the Tien Shan Belt that extends through Central Asia, currently producing approximately 11,600oz of gold and 116,000 oz of silver per annum. It is the intention of the Company to assist in increasing Aprelevka's production from these four mines closer to the historical peak production rates of approximately 27,000oz of gold and 250,000oz of silver per year from the operational in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Change of Registered Office
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 15 May 2025 Vast Resources plc('Vast' or the 'Company')Change of Registered Office Vast Resources plc, the AIM quoted mining company, announces that its registered office has been changed from 60 Gracechurch Street, London EC3V 0HR, to c/o Arch Law Limited, Huckletree Bishopsgate, 8 Bishopsgate, London EC2N 4BQ with immediate effect. **ENDS** For further information, please visit the Company's website at or contact: Vast Resources plc +44 (0) 20 7846 0974 Andrew Prelea (CEO) Strand Hanson Limited – Nominated & Financial Adviser +44 (0) 207 409 3494 James Spinney / James Bellman Shore Capital Stockbrokers Limited – Joint Broker +44 (0) 20 7408 4050 Toby Gibbs / James Thomas (Corporate Advisory) Axis Capital Markets Limited – Joint Broker +44 (0) 20 3206 0320 Richard Hutchinson St Brides Partners Limited +44 (0) 20 7236 1177 Susie Geliher ABOUT VAST RESOURCESVast Resources plc is a United Kingdom AIM quoted mining company with mines and projects in Romania, Tajikistan, and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. The Company retains a continued presence in Zimbabwe. The Company is re-engaging its future investment strategy in Zimbabwe and has commenced discussions with further mining concessions in-country alongside its wider portfolio. Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced. Also in Tajikistan, Vast has been contracted to develop and manage the Aprelevka gold mines on behalf of its owner Gulf International Minerals Ltd ('Gulf') under which Vast is entitled, inter alia, to 10% of the earnings that Gulf receives from its 49% interest in Aprelevka in joint venture with the government of Tajikistan. Aprelevka holds four active operational mining licences located along the Tien Shan Belt that extends through Central Asia, currently producing approximately 11,600oz of gold and 116,000 oz of silver per annum. It is the intention of the Company to assist in increasing Aprelevka's production from these four mines closer to the historical peak production rates of approximately 27,000oz of gold and 250,000oz of silver per year from the operational in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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First Post
14-05-2025
- Business
- First Post
Will Indian rockets take crew to world's first commercial space station?
Indian rockets could soon carry astronauts to the world's first commercial space station, as the CEO of US-based company Vast said in an interview that they are exploring collaboration with ISRO for crewed missions to their upcoming orbital laboratory. read more US-based space exploration company Vast, which is working on launching the world's first commercial space station, is keen to use Indian rockets for sending crew members to its future space lab, the company's CEO, Max Haot, said in an interview with The Times of India. Speaking to The Times of India, Haot said, 'There is a possibility of using Gaganyaan rockets to transport crew to our space station.' He was recently in India to attend the GLEX-2025 space conference. STORY CONTINUES BELOW THIS AD Vast is developing a space station called Haven-2, which aims to replace the International Space Station after its planned retirement in 2031. The company currently has over 750 team members. Haot said, 'We want to work with all countries involved in human space missions. India is emerging as a leader in this field, which is exciting. We are open to various collaborations, including technology exchange, within export control limits.' He further said Vast is very impressed with Isro and the Indian government's efforts to develop new capabilities, especially regarding the upcoming Gaganyaan programme and the Axiom-4 mission to the ISS, which will make India the fourth country in the world to achieve the capability to send an astronaut to space. 'We are seeking Nasa's support for the Haven-2 project, which will be managed by Vast. Once operational, this commercial space station will be open to all,' he added. Vast to launch Haven-1 in 2026, Heaven-2 in 2031 Before building Haven-2, California-based Vast plans to launch Haven-1, a small single-module space station, in May 2026 using a SpaceX Falcon 9 rocket. Haven-1 will offer 45 cubic metres of habitable space and can support up to four crew members for missions lasting around two weeks. The first module of Haven-2, a much larger space station, is scheduled to launch in 2028. Vast aims to make this module operational by 2028 and complete the entire space station by 2032. Haven-2 will cater to both government and commercial users. It will feature nine modules, 500 cubic metres of living space, and generate 86 kilowatts of power. STORY CONTINUES BELOW THIS AD India's space station program can gain from Vast's expertise Isro is preparing to launch its crewed Gaganyaan mission in 2027. If successful, more such missions will follow. While India is also working on its own Bharatiya Antariksh Station, collaboration with Vast on its commercial space station could be beneficial for India, as Isro stands to gain from Vast's expertise in setting up a space station. Vast's mission to build artificial gravity space stations Vast is a US-based private aerospace company headquartered in Long Beach, California. It was founded in 2021 by entrepreneur Jed McCaleb. The company focuses on developing artificial gravity space stations to support long-term human habitation in space. Vast's first project, Haven-1, is a single-module space station scheduled for launch in 2025 aboard a SpaceX Falcon 9 rocket. The station is designed to accommodate four crew members for up to 30 days and will serve as a platform for scientific research and commercial activities in low Earth orbit.
Time of India
12-05-2025
- Business
- Time of India
Possibility of using Gaganyaan rockets as transport service for our upcoming space station, says US firm CEO
NEW DELHI: Max Haot , chief executive officer of US-based company Vast , which is planning to launch the world's first commercial space station , has evinced interest in using Indian rockets to transport crew members to its upcoming orbital laboratory. In an interview to TOI , Haot, who recently visited India to attend an international space conference GLEX-2025, said, 'There is a possibility of using Gaganyaan rockets as a transport service for our space station.' The space-habitation company, which has 750+ team members, is in the race to build a space station called Haven-2 that will be the successor to the International Space Station, which will be retired by 2031. The CEO said, 'We want to work with all nations that are engaged in human spaceflight missions and see that India is about to be a leader in human spaceflight, which is really a great thing. We look forward to collaborating with India. We are open to many levels of collaboration. In space stations, we are open to technology exchange within the confines of the export control (regime).' Haot said, 'We are very impressed with Isro and the Indian govt in achieving new capabilities, especially in regard to their upcoming Gaganyaan programme and Axiom-4 mission to the ISS that will make India the fourth country in the world to achieve the capability to send an astronaut to space.' Before Haven-2, the California-based company plans to launch Haven-1, a single-module space station, on a SpaceX Falcon 9 rocket in May 2026. The Haven-1 spacecraft has a 45-metre-cubed volume and is designed to support up to four crew members for missions of an average of two weeks in length. The first module of Haven-2, a much larger space station, is expected to be launched in 2028. Vast is planning to have the first operational module in 2028 and a fully built and functional space station in 2032. This will be designed for both govt and commercial use. It will have nine modules, 500 cubic metre of habitable volume and 86KW of total power. 'We are seeking Nasa aid for the Haven-2 project, which will be managed by VAST. Once operational, this commercial space station will be open to all.' Isro is going to launch its crewed Gaganyaan mission in 2027 and if the mission is successful, more such crewed missions will be launched to space. Though India is making its own Bharatiya Antariksh Station, the collaboration with VAST for its commercial space station is likely to be beneficial to India as Isro will gain from the company's expertise in setting up a space station.
