Deutsche Rohstoff announced today that is has signed a non-binding Term Sheet with the Brazilian company Copebrás Indústria Ltda. The Term Sheet outlines the future development of the extraction of Rare Earth Elements from phosphogypsum. Essential elements of the Term Sheet include the conduct of beneficiation test work and the [...]
Cub Creek Energy signed a credit agreement with a leading US energy lender that enables the company to draw up to USD 25 million to fund its ongoing drilling program. The lender charges a flexible interest rate that currently aggregates to approximately 4% per annum. The facility will be redetermined from time to time based on the value of the [...]
Cub Creek starts further drilling Mannheim/Denver. Cub Creek Energy completed drilling of seven wells from the Hailey pad in mid-May and in the meantime commenced further drilling from the Litzenberger pad. Currently, 16 horizontal wells out of 21 possible are planned for the Litzenberger pad. The wells at the Hailey pad will be completed in the [...]
Tin International AG, 61.5% owned by Deutsche Rohstoff, announced today that it has signed the Joint Venture Agreement with Lithium Australia. The company is listed on the Australian Stock Exchange (ASX: LIT) and develops a processing technology that allows the economic extraction of lithium from lithium-bearing mica ore (so-called Sileach(TM [...]
Creditreform rating agency informed Deutsche Rohstoff that it assigned a BB-rating (previous: BB+) as a result of the annual rating review. The outlook is stable. The rating summary is available on Deutsche Rohstoff's website under www.rohstoff.de/investor-relations (only in German). Mannheim, 24 May 2017 Deutsche Rohstoff identifies, develops [...]
In the first quarter of 2017, Deutsche Rohstoff Group generated sales in the amount of EUR 20.9 million and more than doubled its sales compared to the full year 2016 (2016: 9.2 Mio. EUR). Earnings before interest, taxes, depreciation and amortization amounted to EUR 17.2 million (1st quarter of 2016: EUR -2.9 million) which is three times as high [...]
Hammer Metals, of which Deutsche Rohstoff owns 17.84%, announced yesterday, that it has entered into a binding term sheet to form a Joint Venture with Global Energy Metals to jointly develop the Millennium cobalt tenement. Hammer had acquired the licenses in May 2016 for a total of approximately 85,000 AUD in cash and shares, drilled 23 holes and [...]
Salt Creek Oil & Gas, 90% subsidiary of Deutsche Rohstoff, reported revenues of USD 2.0 million and an EBITDA of USD 1.4 million from its producing wells in North Dakota in the first quarter of 2017. Production figures were more than 20% above the company's acquisition forecast and amounted to approx. 700 barrel of oil equivalent per day (boepd [...]
Deutsche Rohstoff receives 1.5 million new Almonty shares and agrees to the extension of an existing convertible bond Mannheim/Toronto. Deutsche Rohstoff and Almonty Industries agreed to extend an existing convertible bond in the principal amount of CAD 6,000,000 in favor of Deutsche Rohstoff by two years to March 2019. The bond was issued to [...]
Deutsche Rohstoff: Cub Creek commences with new drilling Mannheim/Denver. Cub Creek Energy commenced the drilling of horizontal wells from its Hailey pad in the DJ Basin. Drilling will continue through the end of May and with well completions thereafter. Start of production is planned for the third quarter. Mannheim, 27 March 2017 Deutsche Rohstoff [...]
The three oil and gas producing subsidiaries of Deutsche Rohstoff in the US have on average currently hedged approximately 75% of their production until the end of 2017. In most cases so-called "costless collars" were put in place. Costless collars are derivatives that define a floor and a ceiling. The floor currently sits slightly above USD 47 [...]
Cub Creek Energy (CCE) published today that its two pads in the DJ basin continued to deliver excellent results in February. Both pads combined produced 8,223 gross barrel of oil equivalent per day (boepd; 6,358 barrel of oil) during the month compared to 7,752 gross boepd (6,438 gross barrel of oil) in January 2017. Cub Creek's overall production [...]
