-1.7 C
Belgrade
Supported byspot_img
spot_img

Romania: Vast Resources shares record growth of 40 percent

Member of Europium Groupspot_img
Supported byspot_img

The value of shares of the British company Vast Resources, Manaila Polymetallic Mine administrator, increased by 44%, after the company had announced that it negotiates with several investors interested in projects in Romania.
Vast Resources announced that it has obtained two new prospecting licenses in Romania, for Piciorul Zimbrului and Magura Neagra perimeters, located a few dozen kilometers from the Manaila mine. The company intends to explore two new perimeters in order to develop potential deposits of copper and gold.
The British are considering construction of a factory complex near the Manaila mine or Carlibaba perimeter, for which they had obtained exploration license in March. New metallurgical plant will replace the existing manufacturing facility in Iacobeni.
Roy Pitchford, CEO of Vast Resources said the company’s strategy has generated significant interest from potential investors and that they are currently conducting discussions with large private equity funds and investors about investing in their Romanian subsidiary.
The company’s shares on the London Stock Exchange record value growth of 43.9% and are currently worth 0.3 pence, after the rise of 22.5% in the previous week. The market value of the company is EUR 15.4.

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!