Vast Resources' chief executive will make an interest-free loan to the company, as it searches for new funding.The €500,000 unsecured loan from Vast CEO Andrew Prelea will support the company's working capital needs as it finalises funding options. The AIM-listed mining company has operations in Romania, Tajikistan, and Zimbabwe.
Tajikistan planIn December, Vast announced an MOU with the government of Tajikistan to develop the country's mining industry.Vast Resources, and Gulf International Minerals, which owns 49% of the Aprelevka gold project in Tajikistan, signed an agreement with Tajikistan's Minister of Industry & New Technologies, formalising an agreement struck when Vast took over management and development of Aprelevka at the start of this year.
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