0.8 C
Belgrade
08/12/2024
Mining News

Vast Resources taken full ownership of Baita Plai mine in Romania

Vast Resources said in a press release said that it has taken full ownership of Baita Plai polymetallic mine in Romania by acquiring the remaining 20% interest and that the acquisition has been satisfied through the issue of 2,850,000,000 new ordinary shares of 0.1p in the company.

Of the consideration shares, 1,500,001,930 have been allotted to Andrew Prelea and 225,005,790 have been allotted to Roy Tucker, both directors at the company. Vast Resources also said it expects to conclude its first commercial sale of copper concentrate from Baita Plai polymetallic mine to energy and commodity trading company Mercuria on November 25.

Supported by

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe. Besides the Baita Plai polymetallic mine Vast Resources also owns the Manaila polymetallic mine in Romania commissioned in 2015, currently on care and maintenance.

Source: seenews.com

 

 

Related posts

ACG Acquisition Co Ltd to reverse takeover Gediktepe polymetallic mine in Turkey for $290 Million, launching ACG Metals

David Lazarevic

Romanian government advances mining code amendments to foster critical materials extraction

David Lazarevic

Euro Sun Mining’s Rovina Valley project receives green light from Romanian Government for EU strategic listing

David Lazarevic
error: Content is protected !!