Vast Resources (GB:VAST) has released an update.
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Vast Resources plc, an AIM-listed mining company, reassures investors that there is no immediate enforcement threat against the company or its assets, despite being in default with lenders Alpha and Mercuria. The company is actively engaging with the lenders to discuss repayment arrangements and is exploring alternative measures for settling debts and securing short-term working capital. Investors are advised that the lenders’ support is not contractually guaranteed, and material changes will be announced, including upcoming Q2 production figures.
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