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Vast Resources ( (GB:VAST) ) has provided an announcement.
Vast Resources plc has announced an interest-free, unsecured loan of €500,000 from its CEO, Andrew Prelea, to support its working capital needs while finalizing various funding options. The directors, excluding Prelea, have deemed the loan terms fair and reasonable for shareholders. This development indicates ongoing efforts to stabilize the company’s financial position as it reviews its operational progress, with further announcements anticipated in the coming weeks.
More about Vast Resources
Vast Resources plc is a UK-based AIM-listed mining company with operations in Romania, Tajikistan, and Zimbabwe. The company focuses on advancing high-quality projects, including the Baita Plai and Manaila polymetallic mines in Romania. It also has interests in the Takob Mine processing facility and the Aprelevka gold mines in Tajikistan. Vast Resources is involved in various mining projects aiming to increase production and capitalize on mineral resources.
YTD Price Performance: -3.00%
Average Trading Volume: 90,430,972
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.54M
Find detailed analytics on VAST stock on TipRanks’ Stock Analysis page.
