Vast Resources makes progress on offtake agreement with Mercuria

Romania and Zimbabwe-focussed mining company Vast Resources announced on Thursday that, as part of the arrangements towards finalisation of the proposed $9.5m pre-payment offtake agreement with Mercuria Energy Trading, it has issued 565 million warrants in terms of the authority from shareholders granted at the general meeting on 14 February.

The AIM-traded firm said it was continuing to make “good progress” with Mercuria to finalise the pre-payment agreement in line with the time estimates given in its announcement on 9 March.

“The market will be kept informed of developments,” the board said in its short statement.