Vast Res Share News (VAST)

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.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Online Blockchain keeping ADVFN at "arms length"

(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 raises GBP1 million to fund projects

Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Raises GBP978,967 through a placing of 212.8 million shares at a price of 0.46 pence per share. Says it will use the cash for an immediate upgrade to underground equipment to maintain the underground production ramp up and the continuation of the ongoing drilling programme at the company’s Baita Plai Polymetallic mine in Romania. The company notes that Baita Plai is moving towards its name plate capacity of 14,000 tonnes per month in the first half of 2023, after seeing strong production and sales in the fourth quarter of 2022.

Vast upbeat on Baita Plai production, nears Zimbabwe settlement

(Sharecast News) - Mining company Vast Resources updated the market on its Baita Plai Polymetallic Mine on Wednesday, as well as the Takob mine in Tajikistan, and the settlement of a historic claim in Zimbabwe.