Latest Share Chat

Vast Res Share News (VAST)

Vast Res Information

Buy VAST Shares
Add VAST to Watchlist
Add VAST to Alert

Share Price Information for Vast Res (VAST)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 0.34

Bid: 0.33

Ask: 0.35

Change: -0.025 (-6.85%)

Spread: 0.02 (6.061%)

Open: 0.365

High: 0.365

Low: 0.34

Prev. Close: 0.365

Last checked at -

Vast Resources Requests First Tranche Of Atlas Capital Funding

Thu, 02nd Jan 2020 12:16

(Alliance News) - Vast Resources PLC on Thursday said it has submitted a drawdown request for the first tranche of its funding facility to Atlas Capital Markets Ltd.

Shares in Vast Resources were down 5.7% at 0.23 pence in London shortly after midday.

The AIM-listed miner submitted the request under its binding conditional bond issue deed for up to USD15 million with with UK-based fund Atlas Capital.

The bonds are to be issued in four tranches of USD7.1 million, USD4.5 million, USD2.1 million, and USD1.4 million based on Vast's cashflow requirements. The money is intended to fully fund Vast's quest to reach production as the Baita Plai polymetallic mine in Romania and at the Chiadzwa Community diamond concession in Zimbabwe.

By Anna Farley; annafarley@alliancenews.com

More News

7 Oct 2022 21:54

TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

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

6 Oct 2022 12:34

Vast Resources signs Tajikistan offtake deal with Trafigura

(Sharecast News) - Vast Resources announced on Thursday that, following the successful opening of the Takob mine processing project at the Takob Mine in Tajikistan, it has signed an exclusive offtake contract with global commodity trader Trafigura for the sale of bulk concentrates produced from the project.

26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

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

15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

15 Aug 2022 12:05

Vast Resources officially opens Tajikistan joint venture project

(Sharecast News) - Vast Resources officially opened the joint venture project at the Takob Mine in Tajikistan with its partner company Takob on Monday.

1 Aug 2022 13:14

Vast Resources to begin molybdenum concentrate production

(Sharecast News) - Production and development company Vast Resources announced on Monday that it will start molybdenum concentrate production in August at its Baita Plai Polymetallic Mine in Romania.

1 Aug 2022 11:14

AIM WINNERS & LOSERS: Wishbone drill results impress; DeepVerge pact

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

27 Jul 2022 06:53

IN BRIEF: Vast Resources expects big output rise at Baita Plai mine

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Gets mixed results from Baita Plai polymetallic mine in Romania in the second quarter of 2022 but expects this to improve. Produces 268 dry metric tonnes of copper concentrate, up 17% from 229 a year ago. Sells 183 dry metric tonnes of the material, down 22% from 234. Mills 11,292 metric tonnes of ore, 6% less than 12,103 a year ago.

1 Jul 2022 06:59

IN BRIEF: Vast Resources's Takob almost refurbished; to process ore

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On June 30 announces its Takob plant in Tajikistan is in the final stages of refurbishment. Says equipment for the plant is expected to arrive on site in the first quarter of 2022. Anticipates royalty equivalent revenues. The processing of two months worth of stockpiled ore will start in July, firm adds.

27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

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

25 May 2022 09:10

Vast Resources reaches settlement with Atlas; in Tajikistan deal

(Alliance News) - Vast Resources PLC on Tuesday said it reached an agreement with Atlas Special Opportunities LLC regarding its bond conversion notice.

19 May 2022 09:12

IN BRIEF: Vast Resources seeks legal advice on Atlas conversion notice

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - On Wednesday says it is seeking legal advice regarding the issued conversion notice for USD800,000 by Atlas Special Opportunities LLC. The USD800,000 was part of the repayment to Atlas instructed as of Friday last week, but for which a SWIFT confirmation was only received on Monday.

16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

3 May 2022 11:40

Vast Resources soars on jump in quarterly revenue and higher output

(Alliance News) - Vast Resources PLC's shares surged on Tuesday after the firm reported that revenue more than tripled in its first quarter on a contribution from Tajikistan and higher production.

Latest Share Chat

Vast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vast Resources Requests First Tranche Of Atlas Capital Funding

Login to your account

Quickpicks are a member only feature

Login to your account