Vast Resources PLC (LON:VAST) told investors it has made “significant progress” as it finalises the Baita Plai association licence in Romania, relating to the Baita Plai Polymetallic Mine in Romania.
It noted that a board meeting took place for Baita SA so that its shareholder, the Ministry of Economy, could approve the association on the licence for the exploitation and processing of the polymetallic ore.
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The company explained that the process for the approval could take up to 30 days, but may be shorter.
The notification from Baita SA also gave the company assurance that the process would receive “all the necessary support”.