Core Viewpoint - Vast Resources plc has successfully raised £2,000,000 through a placing of new ordinary shares, which will be utilized for debt repayment, operational due diligence, and enhancing cash position prior to annual accounts finalization [2][7]. Fundraising Details - The company raised gross proceeds of £2,000,000 by placing 1,111,111,111 new ordinary shares at a price of 0.18p per share [2]. - The placing will occur in two tranches, with the first admission expected around 29 October 2025 and the second around 6 November 2025 [3]. Share Capital Changes - Following the first admission, the total issued share capital will be 4,415,492,276 ordinary shares, and after the second admission, it will increase to 4,997,575,609 ordinary shares [4]. Use of Proceeds - The net cash raised will be allocated to repay US$1 million of debt to Alpha and Mercuria, enabling the company to receive diamond proceeds to settle outstanding debts [7]. - Funds will also support operational and technical due diligence for resuming operations at Baita Plai mine and reopening Manaila mine [7]. - Additionally, the company aims to strengthen its cash position while awaiting proceeds from the sale of a historic diamond parcel [7]. Company Overview - Vast Resources plc is an AIM-listed mining company with operations in Romania, Tajikistan, and Zimbabwe, focusing on advancing high-quality projects and resuming production at previously operating mines [8]. - The company holds a 100% interest in the Baita Plai Polymetallic Mine, which has a mineral resource of 15,695 tonnes copper equivalent and an exploration target of up to 5.8 million tonnes [9]. - The Manaila Polymetallic Mine is also targeted for resumption of production, with an extended exploitation license granted for further examination of mineral resources [10]. - In Tajikistan, the company is involved in the Takob Mine processing facility, which is fully financed and will provide a 12.25% royalty on sales [12]. - The company is also contracted to manage the Aprelevka gold mines, aiming to increase production towards historical peak levels [13].

Core Insights - The recent transfer of shares in Sinomax Life Technology (00474) from Haitong International Securities to lmagi Brokerage Limited amounts to a market value of HKD 67.9825 million, representing 13.95% of the company [1] Financing and Capital Expenditure - Sinomax Life Technology announced a refinancing arrangement related to a 2018 financing agreement, with all conditions for the 2025 loan agreement met and completed on September 26, 2025 [1] - The total financing provided amounts to approximately GBP 87.3 million, with GBP 70.3 million withdrawn for the repayment of UK loans and associated transaction costs [1] - The remaining GBP 17 million will be allocated for capital expenditures on UK properties over the next one to two years, including major renovation projects aimed at enhancing rental income and capital value [1]