Vast Resources Gets $10 Million Loan Facility from Glencore

10:49 AM EDT, 08/17/2026 (MT Newswires) -- Mining company Vast Resources (VAST.L) secured a $10 million term loan facility from commodity trading giant Glencore's (GLEN.L, GLN.JO) subsidiary Glencore International, according to a Monday release. The facility is repayable in installments, with the first principal repayment due on March 31, 2027, and the final repayment date set for the second anniversary of the Aug. 19, 2026, closing date. Funds will be released subject to the fulfillment of outstanding conditions, including completion of its reverse takeover transaction with Gulf International Minerals and shareholder approval. Vast Resources earmarked $4 million of the facility for project expansion at its Aprelevka gold mining project in Tajikistan, with the remaining $6 million to go toward its working capital requirements, including debt repayment.