Latest news with #Vast
Business Wire
2 days ago
- Business Wire
Vast Releases Haven-1 Space Station VR App for Apple Vision Pro, Meta Headsets, and SteamVR
LONG BEACH, Calif.--(BUSINESS WIRE)--Vast, developing humanity's next-generation space stations and pioneering the path to long-term living and thriving in space, will make its Haven-1 VR app available to the public, allowing users to explore the interior of Haven-1, the world's first commercial space station. Available on Meta, the App Store, and Steam, the experience provides users with an intimate look at what life is like aboard a next-generation space station, designed with a human-centric approach. Now, space enthusiasts, educators, and others around the globe can virtually observe and engage with the station's advanced technology and capabilities, including crew quarters, the common area, and the Haven-1 Lab, with the help of VR. Vast Lead Astronaut, and former Acting Chief Astronaut at NASA, Andrew Feustel, serves as the narrator of the simulation, and also advised on the app's development. With three missions to space and 197 days on the International Space Station, Feustel's input was essential to ensuring an accurate simulation of being onboard a space station. In the opening, Feustel greets the user at Vast headquarters in Long Beach, California, where Haven-1 is currently being designed and manufactured. His voice then guides the user through the station's interior, inviting them to interact with life support systems and other critical components showcasing the functionality of the station. Much like on a real mission aboard Haven-1, the app enables users to run experiments and partake in routine astronaut activities including accessing storage areas for food and crew equipment, and checking a digital crew interface that monitors the station's systems. Users can also interact with the simulated Haven-1 Lab, the world's first microgravity research, development, and manufacturing platform on a commercial, crewed space station. In the Haven-1 Lab, the user can check on experiments and view payloads from inaugural lab partners Redwire and Yuri, both foremost experts in developing microgravity payloads. Other features of Haven-1 VR include the 1.1 m domed window, which boasts an immersive, 180-degree view of Earth, and the revolutionary zero gravity sleep system, which provides optimal support and comfort to astronauts while they sleep. Feustel specifically provided guidance on the simulated experience of looking through the window and the 'overview effect', a documented phenomenon that Feustel and other astronauts have experienced when viewing the Earth from space. Scheduled to launch no earlier than May 2026, Haven-1 represents a preliminary step toward Vast's vision of pioneering the future of long-term space habitation. Download the VR app from Meta, the App Store, or Steam to follow Vast's progress and get an up-close look at the world's first commercial space station. About Vast Founded in 2021 by Jed McCaleb, Vast is developing humanity's next-generation space stations and pioneering the path to long-term living and thriving in space. Haven-1, scheduled to be the world's first commercial space station, is currently in development and is expected to launch NET May 2026. Vast is also developing Haven-2, the proposed successor to the International Space Station (ISS), designed to serve NASA's Commercial LEO Destinations (CLD) program as a micro-gravity laboratory in space. Vast's long-term ambition is to create artificial gravity habitations that enable humans to live in space, reaffirming its commitment to ensuring a spacefaring future for all.
Yahoo
12-06-2025
- Business
- Yahoo
Operational Update
12 June 2025 Vast Resources plc('Vast' or the 'Company') Operational Update Vast Resources plc, the AIM quoted mining company, is pleased to announce that it has established a group technical services function including the input of experienced mining engineers, geologists and operations management which will be tasked with undertaking a review of Vast's existing asset base. The focus will be to establish a sustainable operational plan that will subsequently support ongoing technical studies aimed at unlocking the potential of the current asset base as well as assessing new potential opportunities in Romania, Tajikistan and Zimbabwe. Overview Very encouraging initial indications of diamond quality following preliminary cleaning of a representative of parcel of stones. Initial diamond sales, by way of public or private tender in Dubai, are expected to commence in the coming weeks. Comprehensive technical review of the Romanian assets focussing on the Baita Plai Mine in Romania in Q3 2025 with the objective of establishing the optimal mining strategy. This plan will likely include the development a new drilling programme and mine plan designed to grow and increase the confidence of the current JORC Resource and Reserve base. The technical review will also consider the opportunity to restart activities at the Manaila-Carlibaba Copper Mine in Romania during H2 2025. Andrew Prelea, CEO of Vast, commented:'Our recent success with the return of the Historic Parcel of diamonds has sparked a comprehensive review of our asset portfolio and our strategy for becoming a mid-tier production company. Our Romanian assets, specifically Baita Plai and Manaila-Carlibaba, hold significant value for the Company. We are now working towards realising the potential of these assets through a comprehensive and diligent technical assessment of these assets, including the development of a sustainable mining plan at Baita Plai, and the opportunity of restarting mining activities at Manaila-Carlibaba. I look forward to providing updates on these processes in the coming months, along with news on the expected diamond sales in the coming weeks.' Further Information Update on Diamond ConsignmentThe Company is now undertaking initial cleaning of a representative selection of parcels of stones from the Diamond Consignment, with initial indications of quality, interpreted by industry specialists using industry standard inspections, being very encouraging and supportive of the Company's current sales and marketing strategy which involves primary beneficiation, and a phased sale of stones to maximise revenues. Vast expects that initial diamond sales, by way of public or private tender in Dubai, will commence in a matter of weeks, and further updates on this process will be provided in due course. Romanian OperationsOne of the Company's immediate priorities is to overhaul operations at Baita Plai by undertaking a comprehensive review of the geology of the project and the mining strategy. This will include the generation of a new mine plan, supported if necessary, by a drilling programme to further inform the mining studies. To ensure that there is an optimal outcome from this review it has been deemed prudent to undertake a temporary suspension of operations, currently expected to last for up to three months. Vast's decision to commence this work is underpinned by its confidence in its ability to realise significant value from the sale of the diamonds recently returned to the Company by way of Settlement Deed. The Company also notes that this review will also include reviewing the existing plan to restart activities at its Manaila-Carlibaba project in Romania during the second half of 2025 and is in ongoing associating discussions with potential offtake partners. **ENDS** For further information, please visit the Company's website at or contact: Vast Resources plcAndrew Prelea (CEO) +44 (0) 20 7846 0974 Strand Hanson Limited – Nominated & Financial AdviserJames Spinney / James Bellman +44 (0) 207 409 3494 Shore Capital Stockbrokers Limited – Joint BrokerToby Gibbs / James Thomas (Corporate Advisory) +44 (0) 20 7408 4050 Axis Capital Markets Limited – Joint BrokerRichard Hutchinson +44 (0) 20 3206 0320 St Brides Partners LimitedSusie Geliher (0) 20 7236 1177 ABOUT VAST RESOURCES Vast Resources plc is a United Kingdom AIM quoted mining company with mines and projects in Romania, Tajikistan, and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. The Company retains a continued presence in Zimbabwe. The Company is re-engaging its future investment strategy in Zimbabwe and has commenced discussions with further mining concessions in-country alongside its wider portfolio. Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced. Also in Tajikistan, Vast has been contracted to develop and manage the Aprelevka gold mines on behalf of its owner Gulf International Minerals Ltd ('Gulf') under which Vast is entitled, inter alia, to 10% of the earnings that Gulf receives from its 49% interest in Aprelevka in joint venture with the government of Tajikistan. Aprelevka holds four active operational mining licences located along the Tien Shan Belt that extends through Central Asia, currently producing approximately 11,600oz of gold and 116,000 oz of silver per annum. It is the intention of the Company to assist in increasing Aprelevka's production from these four mines closer to the historical peak production rates of approximately 27,000oz of gold and 250,000oz of silver per year from the operational mines. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations in to access your portfolio
Business Upturn
12-06-2025
- Business
- Business Upturn
Operational Update
12 June 2025 Vast Resources plc ('Vast' or the 'Company') Operational Update Vast Resources plc, the AIM quoted mining company, is pleased to announce that it has established a group technical services function including the input of experienced mining engineers, geologists and operations management which will be tasked with undertaking a review of Vast's existing asset base. The focus will be to establish a sustainable operational plan that will subsequently support ongoing technical studies aimed at unlocking the potential of the current asset base as well as assessing new potential opportunities in Romania, Tajikistan and Zimbabwe. Overview Very encouraging initial indications of diamond quality following preliminary cleaning of a representative of parcel of stones. Initial diamond sales, by way of public or private tender in Dubai, are expected to commence in the coming weeks. Comprehensive technical review of the Romanian assets focussing on the Baita Plai Mine in Romania in Q3 2025 with the objective of establishing the optimal mining strategy. This plan will likely include the development a new drilling programme and mine plan designed to grow and increase the confidence of the current JORC Resource and Reserve base. The technical review will also consider the opportunity to restart activities at the Manaila-Carlibaba Copper Mine in Romania during H2 2025. Andrew Prelea, CEO of Vast, commented: 'Our recent success with the return of the Historic Parcel of diamonds has sparked a comprehensive review of our asset portfolio and our strategy for becoming a mid-tier production company. Our Romanian assets, specifically Baita Plai and Manaila-Carlibaba, hold significant value for the Company. We are now working towards realising the potential of these assets through a comprehensive and diligent technical assessment of these assets, including the development of a sustainable mining plan at Baita Plai, and the opportunity of restarting mining activities at Manaila-Carlibaba. I look forward to providing updates on these processes in the coming months, along with news on the expected diamond sales in the coming weeks.' Further Information Update on Diamond Consignment The Company is now undertaking initial cleaning of a representative selection of parcels of stones from the Diamond Consignment, with initial indications of quality, interpreted by industry specialists using industry standard inspections, being very encouraging and supportive of the Company's current sales and marketing strategy which involves primary beneficiation, and a phased sale of stones to maximise revenues. Vast expects that initial diamond sales, by way of public or private tender in Dubai, will commence in a matter of weeks, and further updates on this process will be provided in due course. Romanian Operations One of the Company's immediate priorities is to overhaul operations at Baita Plai by undertaking a comprehensive review of the geology of the project and the mining strategy. This will include the generation of a new mine plan, supported if necessary, by a drilling programme to further inform the mining studies. To ensure that there is an optimal outcome from this review it has been deemed prudent to undertake a temporary suspension of operations, currently expected to last for up to three months. Vast's decision to commence this work is underpinned by its confidence in its ability to realise significant value from the sale of the diamonds recently returned to the Company by way of Settlement Deed. The Company also notes that this review will also include reviewing the existing plan to restart activities at its Manaila-Carlibaba project in Romania during the second half of 2025 and is in ongoing associating discussions with potential offtake partners. **ENDS** For further information, please visit the Company's website at or contact: Vast Resources plc Andrew Prelea (CEO) +44 (0) 20 7846 0974 Strand Hanson Limited – Nominated & Financial Adviser James Spinney / James Bellman +44 (0) 207 409 3494 Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) +44 (0) 20 7408 4050 Axis Capital Markets Limited – Joint Broker Richard Hutchinson +44 (0) 20 3206 0320 St Brides Partners Limited Susie Geliher +44 (0) 20 7236 1177 ABOUT VAST RESOURCES Vast Resources plc is a United Kingdom AIM quoted mining company with mines and projects in Romania, Tajikistan, and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. The Company retains a continued presence in Zimbabwe. The Company is re-engaging its future investment strategy in Zimbabwe and has commenced discussions with further mining concessions in-country alongside its wider portfolio. Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced. Also in Tajikistan, Vast has been contracted to develop and manage the Aprelevka gold mines on behalf of its owner Gulf International Minerals Ltd ('Gulf') under which Vast is entitled, inter alia, to 10% of the earnings that Gulf receives from its 49% interest in Aprelevka in joint venture with the government of Tajikistan. Aprelevka holds four active operational mining licences located along the Tien Shan Belt that extends through Central Asia, currently producing approximately 11,600oz of gold and 116,000 oz of silver per annum. It is the intention of the Company to assist in increasing Aprelevka's production from these four mines closer to the historical peak production rates of approximately 27,000oz of gold and 250,000oz of silver per year from the operational mines. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
10-06-2025
- Business
- Yahoo
AI storage platform Vast Data aimed for $25B valuation in new round, sources say
Vast Data, which offers an AI-friendly data storage platform, is in the market to raise a new round at a giant leap in valuation. Earlier this year, the nine-year-old company was seeking a valuation of around $25 billion, according to a person familiar with the deal. Should it achieve that, it would be a massive jump from its $9 billion Series E valuation secured in December 2023. The deal was not finalized and terms – including its valuation – could change, this person said, adding that the requested valuation was high at the time, despite impressive growth. Many VCs are interested in and watching Vast, other sources tell TechCrunch. Vast didn't respond to a request for comment. Vast Data offers data management software coupled with unified CPU, GPU and data hardware from vendors like Supermicro, HPE and Cisco. Whereas old-school data storage options rely on tiers: low-cost storage options for long-term storage, higher-end options for more frequently used data, Vast aims to eliminate such tiers. It is particularly aimed at flash-storage. AI has been a boon to Vast's business. The company's platform stores structured, semi-structured, and unstructured data in one place, which accelerates data retrieval and, it says, reduces the cost of model training and inference. The company's customers include large enterprises such as Pixar, ServiceNow, and Xai, as well as next-generation AI cloud providers like Coreweave and Lambda, which use Vast's technology to offer storage capabilities to their end-users. Vast had annual recurring revenue (ARR) of $200 million when it raised its Series E about 18 months ago, TechCrunch reported. The company has been growing at 2.5x to 3x year-over-year, Renen Hallak, Vast's CEO and co-founder, said on a podcast last May. The company has also been free cash flow positive for four years, Renen said. On data storage capabilities, Vast competes with a 16-year-old publicly traded Pure Storage that has a market capitalization of nearly $17 billion and a 12-year-old Weka, which last year raised a $140 million round at a $1.6 billion valuation. Vast is also developing a database architecture that is competitive with Databricks' offering. Prior to the round it is currently working on, the company has raised a total of $381 million from investors including Fidelity Management & Research Company, NEA, BOND Capital, and Drive Capital. This article originally appeared on TechCrunch at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
18-05-2025
- Business
- Time of India
US firm Vast keen to collaborate with ISRO on Bharat Antariksh Station
US-based space habitation company Vast has offered to collaborate with ISRO for the Bharat Antariksh Station that the Indian space agency plans to set up by 2035. Vast CEO Max Haot held discussions with Indian Space Research Organisation (ISRO) officials earlier this month for a possible collaboration in the field of space technology and offered to host Indian scientists and engineers on the space station his company plans to send to orbit next year. The California-based company plans to launch Haven-1, a single-module space station, on a SpaceX Falcon 9 rocket in May 2026. With a mission life of three years, Haven-1 is a precursor to Haven-2, which Vast hopes would qualify as a successor to the International Space Station that will be retired in 2031. The International Space Station is a collaborative effort of the US, Russia, Canada, Japan and the European Space Agency. China also launched its space station, 'Tiangong', in 2021 and has maintained human presence in space. "Some of the ideas that were being discussed is, you know, maybe we can offer access to our space station but also get access to that space station and share capacity or share size," Haot told PTI here. India plans to launch the first module of the Bharat Antariksh Station in 2028 and complete it by 2035. Live Events "We definitely see a lot of opportunities if obviously India and ISRO welcome it to collaborate, especially (given) that our two countries are politically very friendly," Haot said. "Right now, the other two human spaceflight-capable countries (Russia and China) are not in the same acceptable region for current US politics. So, that creates a unique situation where we might have two human spaceflight-capable countries that can work together," he added. In 2023, the National Aeronautics and Space Administration (NASA) signed a five-year, unfunded Space Act Agreement (SAA) with Vast, with the stated purpose of helping the company's "concept maturation and eventual implementation of space station modules". The Haven-1 spacecraft has a 45-metre-cubed volume and is designed to support up to four crew members for missions of an average of two weeks in length. It consists of four crew quarters for sleeping, several mid-deck lockers for science modules, a common area with a deployable table and multiple crew interfaces. "Right now, we are solely focused on the SpaceX offering, but we are interested to hear whether there will be a competitive, reliable, safe option that we can use to bring our customers using the Gaganyaan vehicle to our space station," Haot said.
