21.2 C
Supported byspot_img

Vast places shares to raise cash, Romania

Member of Europium Groupspot_img
Supported byspot_img

Aim-listed Vast Resources raised £1-million before costs through a placing of 1 88 697 245 shares at 0.53p each, the Romania- and Zimbabwe-focused miner reported on Friday.

The announcement comes days after Vast reported that it had secured the previously indicated investment by an institutional investor, allowing it to retain a 29.41% interest in the Blueberry project, in western Romania.

The institutional investor’s support, together with early investments obtained from individuals, took the funding procured for the gold-focused polymetallic Blueberry project to more than $1-million.

Supported by

Vast is focused on expanding its presence in Romania and Zimbabwe. In Romania the group is poised to become a first mover in re-establishing large-scale mining operations. In Zimbabwe, in the light of the improved business climate the footprint will be expanded and we anticipate resuscitating abandoned but potentially lucrative opportunities there.

Source: miningweekly

Supported byElevatePR Digital

Related News

Lithium from Lopare to be supplied to “Mercedes”

The Swiss joint-stock company ARCORE AG, which has identified significant quantities of lithium carbonate, magnesium, potassium, and boron through exploration in the Lopare municipality,...

International Graphite Ltd advances key projects in Western Australia with Springdale drilling and Collie processing

International Graphite Ltd is making significant strides in advancing its graphite processing operations in Western Australia. The company is currently conducting a 10-hole diamond...

Uzbekistan’s bold move: Ambitious push to lead global rare earth mining

Uzbekistan's President Shavkat Mirziyoyev has underscored the importance of developing the country's rare-earth mining sector, positioning it as a top priority for his administration...

Breakthrough discovery: Europe’s largest rare earth deposit found in Norway

Rare earth elements (REEs) are a group of 17 chemical elements comprising Scandium, Yttrium and the 15 lanthanides, including notable elements such as Neodymium,...
Supported by
Supported by
Supported by
error: Content is protected !!