Hammer Metals announced today that it has finalized terms for a share placement for the issue of new shares to raise approximately AUD 2.25 million. The placement will consist of approximately 32.2 million shares at 7 cents per share. It will be made in two tranches, as the placement capacity limitations under ASX listing rules require Hammer [...]
Deutsche Rohstoff's US subsidiary Elster Oil & Gas (EOG) announced today that production from new horizontal wells has started. Six new wells were drilled over the last months from the so called "Wind" pad in EOG's project area in the North-Western part of the Wattenberg Oil field in Colorado. EOG's working interest in the wells amounts to roughly [...]
Deutsche Rohstoff AG: Almonty increases Sangdong Reserves by 78% and signs letter of commitment with KD Bank over CAD 67.9 million Heidelberg. Almonty Industries, of which Deutsche Rohstoff currently holds 12.58%, is pleased to announce a 78% reserve increase at its Sangdong project in South Korea. As a result of ongoing exploration activities over [...]
Almonty Industries (DRAG share 13.26%) and the Australian company ATC Alloys Ltd. jointly announced today that Almonty has decided to place an offer to acquire all outstanding shares of ATC Alloys, deviating from a first agreement made in April. ATC is listed at the Australian Stock Exchange ("ASX"). The management of ATC Alloys supports the [...]
Deutsche Rohstoff: Creditreform confirms BB+ rating Heidelberg. Creditreform Rating AG has confirmed the BB+ company rating of Deutsche Rohstoff as part of the yearly rating update. The outlook is stable. The rating of Deutsche Rohstoff has not changed since the first rating in 2013. Creditreform highlights the very stable financial situation and [...]
Deutsche Rohstoff: Hammer Metals raises AUD 1.2 million Heidelberg/Perth. Hammer Metals, 15.51% owned by Deutsche Rohstoff, announced today, that it has raised approximately AUD 1.2 million in a share placement. The company has issued additional 18.5 million shares at a price of 6.5 Cents. Deutsche Rohstoff participated in the capital raising with [...]
Deutsche Rohstoff: Hammer Metals acquires mining leases near Cloncurry in the Mount Isa Region Historic drill data with high copper and cobalt mineralization Heidelberg/Perth. Hammer Metals, 15.51% owned by Deutsche Rohstoff, announced today, that it has agreed to acquire a 100% interest in 5 mining leases - the "Millennium" leases - near the town [...]
Deutsche Rohstoff: Almonty signs binding heads of agreement to sell the Wolfram Camp Mine Almonty to become strategic shareholder of ATC Alloys Limited Heidelberg/Toronto. Almonty Industries (DRAG share 13.2%) announced today that it has signed a binding heads of agreement to sell the Wolfram Camp Mine in Queensland / Australia. Potential buyer is [...]
Hammer Metals announced today the completion of a share placement for the issue of new shares to raise approximately AUD 950,000. The placement of 23.75 million shares at 4 cents per share is being made to sophisticated investors including existing shareholders and new investors. The Company will be using the proceeds (net of offer expenses) from [...]
Almonty Industries (DRAG share 13.2%) announced today that it has reached an agreement with TaeguTec Ltd. for an extension to December 31, 2016 of the existing indebtedness of Almonty Korea Tungsten (formerly Sangdong Mining Corp.) to TaeguTec (in the outstanding principal amount of approximately CAD$6.33 million) previously due on March 31, 2016 [...]
The Australian Explorer Hammer Metals ("HMX"), 15.16% owned by Deutsche Rohstoff, released an update on its exploration activities in the Mount Isa region today. Field programs commenced in mid-January under the Farmin and Joint Venture Agreement signed with Newmont (www.newmont.com) in December 2015. The joint venture is targeting an Ernest Henry [...]
Deutsche Rohstoff with a total nominal value of EUR 0.157 million at current market prices. The remaining outstanding nominal value of the debentures now amounts to EUR 51.4 million. In another transaction Deutsche Rohstoff purchased 1 million shares of Almonty Industries (ISIN CA0203981034, WKN A1JSSD) at a price of CAD 0.20 per share from an [...]
