Vast Resources plc (AIM: VAST), the AIM-listed mining company operating gold, silver and polymetallic assets in Tajikistan and Romania, has announced its Annual General Meeting will be held on 30 November 2026 at 11.00 a.m. in London. Alongside the AGM notice, the company confirmed a significant board restructuring, including the appointment of Andrew Prelea as Executive Chairman with no separate Chief Executive Officer role. Shareholders will also be asked to approve two new non-executive director appointments, making this AGM a material governance event for investors to follow closely.

Key Points

  • Vast Resources plc (AIM: VAST) is a mining company with producing and development-stage assets in Tajikistan and Romania
  • The AGM is scheduled for 30 November 2026 at the offices of Fasken Martineau LLP, 100 Liverpool Street, London EC2M 2AT
  • Andrew Prelea will become Executive Chairman; Roy Tucker assumes the senior independent director role; Nick Hatch and Nigel Wyatt retire and will not seek re-election
  • Shareholders will vote on appointing Scott Yelland and Dennis Cruz as non-executive directors

Andrew Prelea Assumes Executive Chairman Role as Brian Moritz Retires from Vast Resources Board

Following the previously announced intended retirement of Chairman Brian Moritz, Vast Resources has confirmed that Andrew Prelea will step up to become Executive Chairman, a combined role that removes the need for a separate Chief Executive Officer. Roy Tucker will concurrently assume the position of senior independent director. The announcement also confirms that non-executive directors Nick Hatch and Nigel Wyatt will retire by rotation at the AGM and will not offer themselves for re-election, representing a notable reduction in the size of the existing board ahead of the proposed new appointments.

Scott Yelland's 40-Year Mining Engineering Career Underpins His Proposed Non-Executive Appointment

Shareholders will be asked to approve Scott Yelland, aged 65, as a non-executive director. Yelland is a Chartered Engineer and Fellow of the Institute of Materials, Minerals and Mining, holding a master's degree in Mining Engineering from the Camborne School of Mines. His career includes roles as Chief Operating Officer at Central Asia Metals plc from 2018 to 2025, COO at Shanta Gold, and senior positions at Konkola Copper Mines, Highland Gold Mining, Forte Energy and Berkeley Resources. The announcement notes he currently serves as Senior Technical Adviser to Central Asia Metals plc. He holds no direct or indirect interest in Vast Resources' issued share capital.

Dennis Cruz Holds an 8.02% Stake in Vast Resources and Is Proposed as Non-Executive Director

The second proposed non-executive appointment is Dennis Cruz, aged 48, a US citizen with interests spanning aviation, mining and oil. The announcement states Cruz was introduced to Vast Resources by the US Government. He is a director of Gulf International Minerals Limited and currently holds a direct interest of 132,613,146 ordinary shares of £0.025 each in the company, representing approximately 8.02 per cent of Vast's issued share capital. His existing directorships include Pristine Services Group LLC, PSG Capital Group LLC and Joint Tajik-Canadian Limited Liability Company "Aprelevka", reflecting operational connections to Vast's Tajikistan assets.

Vast Resources Plans Electronic Communications Shift Ahead of Its Tajikistan and Romania Asset Programme

Alongside AGM formalities, Vast Resources disclosed that it intends to move to electronic distribution of shareholder documents via its website, as permitted under its Articles of Association. Shareholders who do not respond within 28 days of receiving the accompanying letter will be deemed to have consented to electronic communications, though hard copies may be requested at any time. The board stated this approach will deliver cost efficiency, faster distribution and environmental benefits. Investors following the company's operational progress at the Aprelevka gold and silver operation in Tajikistan and its Romanian assets, including Baita Plai and Manaila-Carlibaba, may view the AGM outcomes as a marker for the company's strategic direction.