Vast Resources said it had submitted an application to Romanian authorities for a licence to mine at its Baita Plai project.

The application to National Agency for Mineral Resources was the final stage in a protracted legal and administrative process, the company said.

‘The company has reason to believe that the actual grant of the association licence will follow shortly,’ Vast said.

The country’s minister of economy had already accepted a mining agreement in July.

Source: stockmarketwire