Vast Resources (GB:VAST) has released an update.
Vast Resources plc, an AIM-listed mining company, has been issued a Notice of Acceleration and Enforcement for an outstanding $5,820,000 debt by A & T Investments SARL, with repayment required by 26 September 2024. Despite this, the company expresses confidence in its ability to repay the debt through expected restructuring finance. Negotiations for a debt standstill are currently underway, as Vast Resources continues to advance its mining projects in Romania and maintain a presence in Zimbabwe and Tajikistan.
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