Vast Resources plc Secures £2.7 Million through Placing and Subscription

Vast Resources plc, a mining company listed on the AIM index, announced on June 16, 2025, that it has successfully raised gross proceeds of £2,712,000 through a subscription for 60,571,428 new ordinary shares and a placing of 714,285,713 new ordinary shares at a price of 0.35p each. The funding aims to enhance the beneficiation of diamond parcels, support the new technical team's initiatives, and provide general working capital.

The Fundraise, structured in two tranches, will see the company issue new shares, with the first tranche expected to commence trading on June 19, 2025. The second tranche, involving 341,696,428 shares, is anticipated to begin trading on June 20, 2025, followed by the third tranche of 372,589,285 shares on July 2, 2025. The total issued share capital post-fundraise will reach approximately 3.89 billion shares.

Andrew Prelea, CEO of Vast Resources, stated, "This funding will significantly contribute to our operational capabilities in Romania, Tajikistan, and Zimbabwe, particularly enhancing the value of our diamond parcels."

Vast Resources operates various mining projects, including the Baita Plai Polymetallic Mine in Romania, which possesses a JORC-compliant resource report indicating a potential mine life of 3-4 years. The company is also re-engaging with mining concessions in Zimbabwe and managing gold mines in Tajikistan, further diversifying its portfolio.

The AIM admission process for the new shares will ensure compliance with the Financial Conduct Authority's (FCA) Disclosure and Transparency Rules, providing shareholders with a clear framework for monitoring their interests in the company.

The firm's strategic focus on enhancing its operational efficacy through substantial financial backing highlights its commitment to advancing mining activities within the regions it operates. The implications of this funding round are expected to position Vast Resources favorably within the competitive mining sector, as it seeks to expand its resources and production capabilities in the coming years.

### Future Outlook As Vast Resources proceeds with its funding and operational plans, the mining sector is anticipated to experience fluctuations influenced by global economic conditions and commodity prices. The firm’s strategic investments and technical advancements will be crucial in navigating these challenges and maximizing shareholder value. With the current trajectory, Vast Resources is poised for potential growth, especially as it capitalizes on its established projects in Romania and emerging opportunities in Tajikistan and Zimbabwe.

For further details on Vast Resources and its operations, stakeholders can visit the company's official website or contact their brokerage representatives.