Vast Resources seeks permission to issue new equity
Vast wants permission to issue new shares, so that it can provide more funding to its mining operations as well as seed capital for new opportunities.
Company
Vast Resources PLC
LON:VAST
Vast Resources plc is an AIM-quoted mining and exploration company dedicated to the discovery, development, and production of precious and base metals. The company has a long-standing presence on the ground in both Romania and in Zimbabwe.
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Vast Resources preps Pickstone-Peerless and Manaila mines for growth
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Vast Resources and Botswana Diamonds team up to investigate Zimbabwe diamond opportunities
More benign business environment in Zimbabwe has encouraged the two companies to join forces
Vast Resources acquires economic interest in Eureka Gold Mine in Zimbabwe
The mining company said the US$4.485mln purchase price is financed by a loan from Sub-Sahara Goldia Investments
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Vast Resources boosts polymetallic JORC resource at Manaila by 78%
Vast's newly updated resource allows for a mine life of 11 years at Manaila
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Vast Resources continues to “make good progress” to complete US$9.5mln pre-pay offtake deal
On March 9, Mercuria had requested an additional two weeks to complete necessary documentation for the deal and that timeline remains intact
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Vast Resources extends deadline for offtake deal with Mercuria
Discussions are also underway with Sub-Sahara Goldia Investments (SSGI) over a two-week extension to its bridging loan
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Vast Resources adds chief executive and chief operating officer to board of directors
Both will continue as chief executive and chief operating officer respectively
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Vast Resources enjoys record quarter at Pickstone-Peerless
Pickstone-Peerless enjoyed a record quarter but output at the Manaila polymetallic mine in Romania was dramatically affected by a planned shut-down of the plant in December
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Vast Resources surges higher as it refinances debts
Vast has received an off-take offer for 100% of the copper and zinc concentrate from the Manaila and Baita Plai mines, while it has also signed an MOU for the early repayment of its loans
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"My appointment as CEO has occurred at a highly active and exciting time for Vast, and I am delighted to have been chosen by the board to take the company forward."
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There was a 5% increase in revenues to US$14.9mln in the six months to end September, the group said
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Vast was looking to raise the £1.23mln by issuing 238.1mln open offer shares at 0.525p apiece – the same price as a placing launched the previous week to raise £1mln
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Vast Resources drill results support plans for second pit at Manaila mine
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Vast also raised £1mln last week, with the recent fundraises going towards the US$10mln “estimated strategic financial requirement for its operations”
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Vast Resources raises funds through share placement and open offer as it seeks offtake financing
Vast Resources said it is in a good position to obtain substantial offtake debt finance from metal traders.
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Vast Resources to raise ‘small amount’ of new capital
The company needs a small amount of capital while negotiations and due diligence continues for a larger funding arrangement
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Vast Resources highlights “significant progress” for Baita Plai approval
THe company is awaiting approval from the Ministry of Economy.
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Vast Resources kicks off prospecting activities at Piciorul Zimbrului and Magura Neagra
Piciorul Zimbrului and Magura Neagra are located 74km from Vast's wholly-owned producing mine at Manaila
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Vast Resources says drilling results at Carlibaba prospect confirm suitability as second open pit mine
Vast Resources said the highlights from drilling included the discovery of: at 3.00m of 2.93% of copper, 0.88% of lead, 1.95% of zinc, 0.47grammes per tonne (g/t) of gold, and 93.33g/t of silver
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Vast Resources has “enjoyed constructive discussions” over possible US$10mln funding
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VAST Resources eyeing mid- 2018 for Baita Plai re-start
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