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 [...]
Deutsche Rohstoff: Vail Pad with increasing production Markham Pad commences flowback/More bonds placed Mannheim/Denver. Cub Creek Energy (CCE) produced an average of 4,501 BOEPD (barrel oil equivalent per day) (3,875 BOPD- barrels of oil per day) from its Vail pad over the last 14 days. This means that production was 26 % percent higher than [...]
Salt Creek Energy, a 90% subsidiary of Deutsche Rohstoff, closed the transaction to acquire oil- and gas production in North Dakota that was announced on November 22nd today. The purchase price amounts to USD 38.1 million, effective date of the transaction is September 1st. As part of the financing, Salt Creek agreed on a reserved based lending [...]
Almonty Industries announced today that it received a letter of commitment from an industry participant with respect to the funding of the equity component of the overall financing package needed to bring the Sangdong Mine into production. It will be provided by an industry participant by way of a loan financing. As a result, the mine would [...]
Cub Creek commences production Mannheim. Cub Creek Energy (CCE) has started producing oil and gas from its Vail Pad today. Nine horizontal wells were drilled in June and July and completed in September 2016. Cub Creek's working interest in these wells is close to 100%. The company will report the results of the first 30 days of production in [...]
Deutsche Rohstoff: Hammer Metals provides exploration update for the Mount Isa Region Deep drilling activity commenced on the "Kalman" tenement Mannheim/Perth. Today, Hammer Metals of which Deutsche Rohstoff owns 17.84% provided an update on its most recent exploration activities in the Mount Isa region and announced the commencement of diamond [...]
Deutsche Rohstoff: Management Board Changes Jan-Philipp Weitz to become CFO/Jörg Reichert resigns Mannheim. Jan-Philipp Weitz, currently Head of Business Development at Deutsche Rohstoff AG, will take on the role of Chief Financial Officer (CFO) beginning January 1st 2017. He will take on the finance department of the group from CEO Thomas [...]
Deutsche Rohstoff: Hammer Metals releases results from Millennium and Scalper drilling campaigns New resource estimate for Kalman with higher grades Mannheim/Perth. Hammer Metals, 17.84 % owned by Deutsche Rohstoff, announced further results of its completed drilling campaigns on their "Millennium" and "Scalper" tenements. The company also [...]
Cub Creek drills two additional wells Wells from Vail-pad will commence flow back soon Mannheim. Cub Creek Energy (CCE) has started drilling two additional horizontal wells from its Markham pad. Management of Cub Creek and Deutsche Rohstoff decided last week to drill the two wells after they had been permitted at the end of September. CCE has [...]
Hammer Metals, 17.84 % owned by Deutsche Rohstoff, announced the first results of the current exploration campaign at the Millennium area today. Over the past months a total of 25 holes were drilled. The geochemical analyses have now been completed for 18 holes. As an example, significant mineralization was observed over 4 meters at 0.51 % cobalt [...]
