25.7 C
Supported byspot_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

Ukraine’s strategic importance in global critical raw material supply chains amid geopolitical dynamics

Ukraine's role in global supply chains for critical raw materials is increasingly pivotal amidst ongoing geopolitical challenges. These include the Russian invasion of Ukraine,...

Nornickel in talks with China Copper for copper smelting venture in China

Russian mining giant Nornickel is reportedly in discussions with China Copper to establish a smelting facility in China. This joint venture aims to relocate...

Pan Asia Metals secures option agreement for RK Lithium Prospect in Thailand

Pan Asia Metals Limited has taken a significant step forward by securing an exclusive option agreement for the RK Lithium Prospect in Thailand. This...

Critical Metals partners with Obeikan Group to build lithium hydroxide plant in Saudi Arabia

Mining company Critical Metals has finalized a joint venture (JV) agreement with the Obeikan Group to establish a lithium hydroxide processing plant in Saudi...
Supported by
Supported by
Supported by
error: Content is protected !!