Vast Resources Moves to Acquire Gulf International Minerals in AIM Reverse Takeover

An update from Vast Resources ( (GB:VAST) ) is now available.

Vast Resources has agreed a conditional all-share deal to acquire 100% of Gulf International Minerals Limited from Bay Square Pacific and its shareholders, a transaction that will result in the sellers owning around 80% of the enlarged share capital on readmission and will constitute a reverse takeover under AIM rules. The proposed acquisition would give Vast full ownership of Gulf’s joint venture interests in four gold mining operations and associated processing and tailings assets in northern Tajikistan, currently producing about 10,400 ounces of gold and 80,000 ounces of silver a year, and supersede Vast’s existing profit-share and option-based exposure to the Aprelevka operation; alongside the deal, Vast plans to raise approximately £7.5 million via a placing and retail offer, has secured a suspension of its shares on AIM pending publication of an admission document in early 2026, and is commissioning a Competent Person’s Report to underpin future JORC-compliant resource estimates, signalling an attempt to scale its Eurasian gold footprint and strengthen its resource credentials despite execution and timing uncertainties.

The most recent analyst rating on (GB:VAST) stock is a Sell with a £0.11 price target. To see the full list of analyst forecasts on Vast Resources stock, see the GB:VAST Stock Forecast page.

Spark’s Take on GB:VAST Stock

According to Spark, TipRanks’ AI Analyst, GB:VAST is a Underperform.

Vast Resources is struggling with significant financial and operational challenges, including declining revenues and negative profitability. The technical indicators suggest a bearish trend, and the valuation metrics are poor. These factors collectively result in a low overall stock score.

To see Spark’s full report on GB:VAST stock, click here.

More about Vast Resources

Vast Resources plc is an AIM-quoted mining company pursuing growth through acquisitions and joint ventures in high-potential mining assets, particularly across the wider Eurasian region including parts of the former Soviet Union. The company focuses on developing gold and silver operations and has been managing the Aprelevka gold and silver project in Tajikistan since January 2024 under a profit-sharing and future equity rights arrangement.

Average Trading Volume: 119,347,036

Technical Sentiment Signal: Sell

Current Market Cap: £5.75M

See more data about VAST stock on TipRanks’ Stock Analysis page.