Vast Res Share News (VAST)

IN BRIEF: Vast Resources sees shares surge on end to Baita Plai strike

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Says that a protest at its Baita Plai polymetallic mine in Romania has come to an end, and operations are now continuing as normal at the site. Follows an announcement on September 22 that some Romanian press outlets had reported strike action by mine workers at Baita Plai. At the time, Vast Resources said: "The strike action, which was undertaken illegally, was reported from the mine and coordinated by a small number of individuals...The majority of the workforce remain supportive of the company and continue to perform their duties on site without impediment; as such the impact on operations at Baita Plai is expected to be minimal."

LONDON MARKET CLOSE: European blue-chips rise in calmer session

(Alliance News) - London's FTSE 100 managed to push into the green on Thursday, though it fell short of the more convincing gains by European peers, which recovered some poise after a difficult week so far.

Vast Resources shares fall as workers strike at mine in Romania

(Alliance News) - Vast Resources PLC shares dropped on Friday, after it updated shareholders on strike action by mine workers at its Baita Plai polymetallic mine in Romania.

IN BRIEF: Vast Resources notes settlement of historical parcel delayed

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Announces further delay to settlement of historic parcel, due to the company's recent election process over the past month. Adds that it remains confident of finalising the process. In May, Vast said that it was finalising the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court order in the company's favour. In August, it said that concluding documentation, this had been delayed to September 29.

Vast Resources announces delay to historic panel settlement

(Sharecast News) - Mining company Vast Resources updated the market on the announcement it made on 7 August on Monday regarding the recovery of the historic parcel.

Vast Resources announces delay to settlement of historic parcel

(Sharecast News) - Mining company Vast Resources updated the market on the announcement it made on 7 August on Monday regarding the recovery of the historic parcel.

Vast Resources hails higher quarterly production at Baita Plai

(Alliance News) - Vast Resources PLC on Wednesday reported higher concentrate production at its Baita Plai polymetallic mine in Romania in the second quarter of 2023.

IN BRIEF: Vast Resources Baita Plai mine drilling programme positive

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Notes positive drilling results from phase one drilling at Baita Plai mine in Romania. Says 45 metres of the 164 metres that were assayed is ore. Says the exploration programme confirms the potential to extend the mining area.

IN BRIEF: Vast Resources employee killed in "transportation incident"

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Reports accident on Friday afternoon at Baita Plai polymetallic mine in which employee "was fatally injured in a mine transportation incident." Mine is located in the Apuseni Mountains in the Transylvania region, Romania. Vast says it is investigating the circumstances independently and jointly with police and other "relevant authorities" and is "providing all necessary assistance for the enquiries into this tragic accident"; will announce further details once enquiries have concluded. Expects production at Baita Plai to resume today following a safety stop.

Vast Resources raises £1.7m through share placing

(Sharecast News) - Vast Resources has successfully completed a placing to raise £1.7m in gross proceeds, it announced on Friday.

Vast Resources raises GBP1.7 million; breakeven at Baita Plai

(Alliance News) - Vast Resources PLC on Friday said it raised money through a share issue and reported operational breakeven for the Baita Plai polymetallic mine in Romania.

Vast Resources reports progress in resolving Zimbabwe claims

(Sharecast News) - Mining company Vast Resources updated the market on the extension to the settlement of its historic claims on Tuesday, reporting that in a bid to expedite the handover process, it decided to engage the deputy sheriff to retrieve the parcel from the Reserve Bank of Zimbabwe (RBZ) under a writ of execution issued by the High Court of Zimbabwe on 14 June.

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Vast Resources agrees to debt extension with Mercuria

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Agrees to debt extension with Mercuria Energy Trading SA to December 30, 2024. Last year, Vast Resources undertook a debt reduction of USD1.0 million to Mercuria, and secured a USD4.0 million asset backed debt facility from A&T Investments Sarl, arranged by Swiss investment banking boutique Alpha Credit SA. Total debt owed to Mercuria is GBP7.7 million.

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