Latest news with #VastResourcesplc
Yahoo
29-05-2025
- Business
- Yahoo
Exercise of Warrants
29 May 2025 Vast Resources plc('Vast' or the 'Company') Exercise of Warrants Vast Resources plc, the AIM quoted mining company, announces that it has received notice to exercise warrants over a total of 106,000,000 new ordinary shares of 0.1 pence each in the Company ('Warrant Shares') at an exercise price of 0.4p per Warrant Share, raising £424,000 for the Company. Application has been made to the London Stock Exchange for the admission of the Warrant Shares to trading on AIM ('Admission'). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00 a.m. on or around 30 May 2025. The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares. Total Voting RightsFollowing Admission, the enlarged issued ordinary share capital of Vast will consist of 3,111,607,357 Ordinary Shares with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in Treasury and accordingly the above figure of 3,111,607,357 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. **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
Yahoo
15-05-2025
- Business
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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
Yahoo
06-05-2025
- Business
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Appointment of Nominated & Financial Adviser
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 6 May 2025 ('Vast' or the 'Company') Appointment of Nominated & Financial Adviser Vast Resources plc, the AIM quoted mining company, is pleased to announce that it has appointed Strand Hanson Limited as Nominated and Financial Adviser to the Company with immediate effect. **ENDS** For further information, visit or please contact: Vast Resources plcAndrew Prelea (CEO) (0) 20 7846 0974 Strand Hanson Limited – Nominated & Financial AdviserJames Spinney / James Bellman (0) 20 7409 3494 Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) (0) 20 7408 4050 Axis Capital Markets Limited – Joint Broker Richard Hutchinson (0) 20 3206 0320 St Brides Partners LimitedSusie Geliher / Charlotte Page / Will Turner (0) 20 7236 1177 ABOUT VAST RESOURCES PLC Vast Resources plc is a United Kingdom AIM listed 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 mines.
Yahoo
04-04-2025
- Business
- Yahoo
Vast Baita Plai SA
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 4 April 2025 Vast Resources plc('Vast' or the 'Company') Vast Baita Plai SA Vast Resources plc, the AIM-listed mining company, is pleased to announce that the court hearing on the Vast Baita Plai SA voluntary reorganisation scheduled for 3 April 2025 has duly taken place and proceeded without any new issues being raised. The Judicial Administrator presented the mandatory report regarding the Company's activity. The court took note, approved the report, and set a new hearing for continuing the observation period of 25 September 2025. **ENDS** For further information, visit or please contact: Vast Resources plcAndrew Prelea (CEO) (0) 20 7846 0974 Beaumont Cornish – Financial & Nominated AdvisorRoland CornishJames Biddle (0) 20 7628 3396 Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) (0) 20 7408 4050 Axis Capital Markets Limited – Joint Broker Richard Hutchinson (0) 20 3206 0320 St Brides Partners LimitedSusie Geliher (0) 20 7236 1177 ABOUT VAST RESOURCES PLC Vast Resources plc is a United Kingdom AIM listed 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. 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 mines. Nominated Adviser Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
