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].