Vast to raise about £7.5 million at 6.25p a share as Aprelevka deal advances
AI Market Summary
Vast Resources' proposed reverse takeover of Gulf International Minerals and £7.5m equity raise would deliver formal exposure to Aprelevka's operating gold/silver mines and tailings, alongside a planned US$10m debt facility. While the deal is equity-dilutive and implies a control shift (seller ~80% post-admission), it highlights ongoing investment appetite for producing precious-metals assets and may marginally support sector sentiment rather than broad gold pricing.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.72%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Vast Resources said it is moving forward with a reverse takeover of Gulf International Minerals Ltd as it seeks to be readmitted to trading on AIM, alongside a fundraising of about £7.5 million. The transaction centres on Gulf’s 49% interest in Aprelevka, a TajikCanadian joint venture with the government of Tajikistan. In audited results for the year ended 31 December 2025, Aprelevka reported revenue of US$36.9 million and profit before tax of US$8.5 million.
