VAST RESOURCES PLC LS-001 Aktie

Vast Resources has fully repaid outstanding liabilities totaling about $10.9 million, including $4.285 million to Mercuria Energy Trading SA and $6.6167 million to A&T Investments SARL. The mining company operates precious metal and polymetal projects in Tajikistan and Romania, including a 49% stake in the Aprelevka joint venture. The announcement did not disclose the source of the funds or the original terms of the liabilities. » More on de.investing.com

Vast Resources has signed a binding term sheet for a two-year $10 million debt facility with an international commodity trading group; repayment begins in early 2027 and interest is paid quarterly. $4 million is earmarked for the Aprelevka project expansion and $6 million for working capital. The loan is to be secured by Vast’s stake in Gulf and includes warrants to subscribe for ordinary shares (0.3 pence). The financing is conditional on final agreements for the proposed reverse takeover of Gulf International Minerals, shareholder approval and relevant consents; Vast warns that failure of the transaction would likely lead to insolvency. Vast also extended the transaction longstop date to 17 August 2026 and reported that Aprelevka generated revenue of $36.86 million and pre-tax profit of $8.52 million in 2025. » More on de.investing.com

Vast Resources has extended the long-stop date for the planned takeover of Gulf International Minerals from 31 March to 5 May 2026 and has entered into an amendment agreement with Bay Square Pacific. Due diligence is largely complete; an admission document is expected in April, subject to formal confirmations from the government of Tajikistan and an accompanying share placing. Vast reports delays in diamond sales due to the geopolitical situation in the Middle East and is exploring alternative distribution routes in Antwerp, as well as extensions of credit facilities with A&T Investments and Mercuria until the end of April; proceeds from diamond sales, the placing and new financing agreements are intended to service creditors, but a successful completion of the transaction is not guaranteed. » More on de.investing.com