At the beginning of the year, Vast Resources secured $9.5 million financing from Mercuria Energy Trading to build its polymetallic mine in Manaila, Suceava county, and restart mining operations in Baita Plai, Bihor county.
The second tranche, of $5.5 million, is expected to be drawn in July.
Vast Resources was founded end-2005 to operate mines in Zimbabwe and South Africa. It entered the Romanian market in May 2013.