Vast Resources Secures $10 Million Debt Facility

05:13 AM EDT, 07/27/2026 (MT Newswires) -- Vast Resources (VAST.L) secured $10 million in funding from an undisclosed commodity trading and natural resources group, according to a Monday release. Under a binding term sheet, the proposed facility will be repayable over two years, with no capital repayments due until early 2027 and interest payable quarterly. The loan would be secured against the mining company's stake in Gulf International Minerals. The financier would also receive warrants to subscribe for new Vast shares at 0.003 pound sterling each. The funding is subject to the signing of definitive agreements, shareholder and regulatory approvals, as well as the completion of Vast's proposed reverse takeover of Gulf.