Vast Resources plc

VAST

GB00BQ7WTT20

Diversified Mining

Delayed London S.E. Other stock markets 09:50:44 2024-05-23 am EDT			5-day change	1st Jan Change
0.2299 ^GBX	-0.04%		-9.84%	-65.78%

May. 22	CORRECT (May 3): Vast Resources in talks for restructuring finance	AN
May. 17	Braveheart writes down value of two investments	AN

Vast Resources plc Announces Update on Debt Funding

May 08, 2024 at 08:12 am EDT

Vast Resources plc announced an update in relation to the Asset Backed Debt facility from A&T Investments SARL (Alpha) as announced on 16 May 2022 and the debt owed to Mercuria Energy Trading SA (Mercuria) relating to Tranche A of the Prepayment Agreement announced on 21 March 2018. As announced on the 29 April 2024, USD 1.5 million was due to be repaid on 7 May 2024. The Company is currently in discussions with Alpha and Mercuria regarding a further extension that will allow further time to finalise the restructuring finance for the Company with the owner of the Swiss investment company, as referenced in the 29 April 2024 announcement.

The Company will update the market with further details in due course.

Latest news about Vast Resources plc

CORRECT (May 3): Vast Resources in talks for restructuring finance	May. 22	AN
Braveheart writes down value of two investments	May. 17	AN
Vast Resources plc Announces Update on Debt Funding	May. 08	CI
Vast Resources in advanced talks for restructuring finance	May. 03	AN
Vast Resources Advances Debt Payment Negotiations	Apr. 29	MT
Vast Resources plc Provides Update on Funding and on Repayment of Asset Based Debt Facility	Apr. 29	CI
Vast inks offtake deal with Trafigura for Baita Plai copper	Mar. 13	AN
EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding	Feb. 29	AN
Analysis-Navalny's death deprives Russia's opposition of a leader and hope	Feb. 16	RE
Shell's lofty ambitions for Asian LNG demand face price hurdle: Russell	Feb. 14	RE
Vast Resources hopes to repay debts with USD9 million share placing	Feb. 14	AN
Vast Resources quarterly copper concentrate grade falls	Feb. 07	AN
Vast Resources plc Reports Production Results for the Fourth Quarter 2023	Feb. 07	CI
Vast Resources plc Reports Earnings Results for the Half Year Ended October 31, 2023	Jan. 31	CI
Vast Resources shares fall after GBP1.3 million Baita Plai fundraise	Jan. 23	AN
Vast Resources Completes Equity Raising; Shares Plunge	Jan. 23	MT
AIM WINNERS & LOSERS: Brave Bison to beat market view in 2023	Jan. 23	AN
Vast Resources Signs Three-year Marketing Deal for Platinum Group Metals Concentrates Distribution	Jan. 22	MT
Vast Resources signs marketing deal with sales value of USD100 million	Jan. 22	AN
Vast Resources plc Executes Three-Year Marketing Agreement with Swiss Investment Company	Jan. 22	CI
Vast Resources shares rise as Bay Square completes Aprelevka takeover	Jan. 16	AN
Vast Resources Secures Contract to Develop Aprelevka Gold Mines in Tajikistan; Shares Surge	Jan. 16	MT
Vast Resources plc completed the acquisition of Gulf International Minerals Ltd. from Central Asian Minerals and Resources Plc.	Jan. 15	CI
Vast Resources Gets Debt Repayment Extension; Shares Down	Jan. 15	MT
Vast Resources extends debt repayment date to January 31	Jan. 15	AN

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Company Profile

Vast Resources plc is a United Kingdom-based mining company. It has mines and projects in Romania, Tajikistan and Zimbabwe. Its operations include Baita Plai Polymetallic Mine; Manaila-Carlibaba Project; Zagra Licences; Blueberry Gold Project; Chiadzwa Community Concession, Marange, and Tajikistan. Its 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 Zagra Licences include Piciorul Zimbrului & Magura Neagra prospects. It 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. It has also been contractually appointed to manage and develop the Aprelevka Gold Mines. It holds a 29.41% interest in the Blueberry Project, a 7.285 square kilometers brownfield area of prospectivity in the Golden Quadrilateral.

Sector

Diversified Mining

Calendar

2024-10-29 - Q4 2024 Earnings Release (Projected)

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