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LONDON - Vast Resources PLC (AIM:VAST), a mining company listed on the AIM market, has announced its participation in the Tajikistan-UK Mining Forum held at the London Stock Exchange (LON:LSEG) on Monday. The event was aimed at fostering ties between the UK and Tajikistan, particularly in exploring investment opportunities within Tajikistan’s mining sector.
At the forum, Vast Resources signed a non-binding Memorandum of Understanding (MoU) with Tajikistan’s Ministry of Industry and New Technologies. The MoU is intended to establish a cooperative framework and facilitate joint efforts in identifying new mining exploration and exploitation targets. This includes utilizing historical databases to pinpoint non-ferrous and strategic mineral deposits and exploring new targets in greenfield areas.
Additionally, the collaboration aims to contribute to the creation of a "Tajik Mineral Investment Fund," with the goal of advancing the mining industry in Tajikistan. The agreement is set to remain in effect until May 19, 2026, with any significant developments related to Vast’s involvement in the MoU’s objectives to be publicly disclosed in a timely manner.
The signing of this MoU is a step towards potential growth in the mining sector for both Vast Resources and Tajikistan, although it is important to note that the MoU is non-binding and does not guarantee the implementation of the projects discussed. The company has committed to keeping its stakeholders informed on the progress of any material developments arising from this agreement.
This news is based on a press release statement from Vast Resources PLC.
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