Vast Resources Advances Gulf International Minerals Reverse Takeover

04:36 AM EDT, 07/15/2026 (MT Newswires) -- Vast Resources (VAST.L) on Wednesday reported progress on its proposed reverse takeover of Gulf International Minerals, with due diligence near completion and key confirmations received from Tajikistan's government. The miner expects to publish an admission document before the extended long-stop date of July 31, subject to completion of the associated placing. It now estimates the transaction will require 5 million pounds sterling to 12.5 million pounds in funding, depending on the terms of debt and offtake agreements. The company also received three nonbinding term sheets for debt facilities and is seeking extensions to existing loans until the takeover is completed.