Vast Resources plc (AIM:VAST) entered into binding Memorandum of Understanding to acquire Gulf International Minerals Ltd. from Central Asian Minerals and Resources Plc on October 19, 2023. The completion of the purchase is understood not to be dependent on any government approval in Tajikistan and is conditional only on the completion of satisfactory due diligence to be completed by November 30, 2023 or such later date as is agreed to be undertaken/supervised by Vast on behalf of Bay Square.

Vast Resources plc (AIM:VAST) completed the acquisition of Gulf International Minerals Ltd. from Central Asian Minerals and Resources Plc on January 16, 2024. As a part of acquisition, Vast will be entitled to a 10% share of the earnings before interest and tax that Gulf receives from its 49% interest in Aprelevka.