Vast Resources rises on good news relating to its Blueberry and Baita Plai projects

The board does not anticipate that the modifications made to the paperwork relating to the Baita Plai project will cause any significant delay in the formal approval of the association licences from the Romanian authorities

Proactive Published 20/09/2018

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Updates on its Blueberry and Baita Plai projects sent shares in Vast Resources PLC (LON:VAST) higher on Thursday morning.

Vast, which recently agreed to acquire 29.41% of the Blueberry project in Western Romania, said the vendors have agreed to a further extension, to October 15, to allow more time for the procurement of funds to finance the acquisition.

READ: Vast Resources updates on Blueberry funding efforts

At Baita Plai, Romania’s National Agency for Mineral Resources (ANRM) now has the revised documentation pertaining to the right to mine at Baita Plai.

READ: Vast Resources close to admin breakthrough for Baita Plai project

Shares in Vast were up 7.0% at 0.61p in mid-morning trading.