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 [...]
Almonty Industries has announced today that it entered into a fixed price contract for the majority of the production at its Los Santos mine in Spain. The net price to be received under the contract is USD 192.50 per MTU of contained tungsten, equating to an effective APT price of USD 240 per MTU, which is 20% above current spot price. This [...]
Almonty Industries today announces that it issued a second USD 1 million promissory note to Deutsche Rohstoff. The note carries an interest rate of 6% and is due 1 January 2019. Interest is payable on a half-yearly basis in cash or shares at the option of Almonty. The secured loan will be paid out in two tranches in January and March 2017 [...]
Cub Creek Energy (CCE) plans to drill an additional 31 one-mile lateral wells in 2017. The board of the company approved the respective budget. An initial 9 well drilling pad in the DJ Basin will spud by mid-March and will be completed during the 2nd quarter. Another 22 well pads will commence drilling in May and be completed during the 4th [...]