Deutsche Rohstoff: Almonty closes USD 14 million working capital financing and acquires Panasqueira mine in Portugal New Resource estimate for the Sangdong project Heidelberg/Toronto. Almonty Industries (DRAG share 13,7%) announced, that it reached an agreement with UniCredit Bank with respect to an expansion of its existing guaranteed loan [...]
The Australian Explorer Hammer Metals ("HMX"), 16.37% owned by Deutsche Rohstoff, announced today that the company has entered into a Farmin Agreement with Newmont Mining to jointly explore a 250km2 large tenement package in the Mount Isa Region, Queensland. Newmont (www.newmont.com) is one of the world's leading gold producers, headquartered in [...]
Deutsche Rohstoff, announced today that it has published an updated NI 43-101 report for the two operating mines Los Santos (Spain) and Wolfram Camp (Australia) as well as the Valtreixal development project (Spain). Combined with the resources announced earlier in the year for the Sangdong development project (South Korea) the current reserves of [...]
Elster Oil & Gas, a 93% subsidiary of Deutsche Rohstoff AG, returned to its historical producing status with five horizontal wells on the company's Magpie acreage in the Wattenberg Field, DJ Basin entering production yesterday. Elster owns on average 39% of the wells. Extraction Oil & Gas, a Denver based company, operates the wells. The wells were [...]
Almonty Industries announced today that the merger with Woulfe Mining has been completed successfully. At the same time, Almonty concluded a financing of CAD 7.78 million. Within the frame of this financing, Deutsche Rohstoff AG signed a convertible debenture in the amount of CAD 4 million with a period of 2 years and an interest rate of 5%. The [...]
New JORC estimate confirms 1.77 million ore tons at a grade of 1.2% Cu Heidelberg. The Australian company Hammer Metals ("HMX"), in which Deutsche Rohstoff is the largest shareholder, has released a new JORC compliant (2012 edition) resource estimate for its "Overlander" deposit. The new estimate is the sum of indicated and inferred resources for [...]
Deutsche Rohstoff AG: Further Investment in Hammer Metals Deutsche Rohstoff subscribes AUD 650,000 convertible bond/Financing of further exploration activity in Mount Isa region secured. Heidelberg. Australian exploration company Hammer Metals ("HMX"), in which Deutsche Rohstoff holds a share of 17.3%, has successfully raised AUD 1,000,000 to [...]
Almonty Industries, partially owned by Deutsche Rohstoff, announced today that it has entered into an agreement with Woulfe Mining Corp. to combine the two businesses through the acquisition of all outstanding common shares of Woulfe by Almonty. The implementation of the proposed agreement is subject to the approval of the TSX Venture Exchange, the [...]
Deutsche Rohstoff boosts activities in the US Oil and Gas industry New company with former Tekton Energy Team/Strong Performance of existing Cub Creek und Elster Oil & Gas Heidelberg/Denver. Deutsche Rohstoff will further intensify its activities in the US oil and gas market. Jerry Sommer and Earl Norris, founders of Tekton Energy, are part of a [...]
The Australian company Hammer Metals Limited ("HMX"), 17.3% owned by Deutsche Rohstoff, published further results of its current exploration campaign on their license area within the Mount Isa region in Queensland/Australia. The present drilling data reveal an outstanding image for the Overlander-North area. Sections of various drillings show a [...]
Almonty announces investment in Woulfe Mining Corp One of the largest tungsten deposits worldwide/Almonty plans to merge both companies Heidelberg. Almonty Industries, partially owned by Deutsche Rohstoff, today announced that it has invested into Woulfe Mining. Upon closing of the transaction Almonty will hold 8% of the outstanding Woulfe shares [...]
Deutsche Rohstoff Group successfully ended the financial year 2014 with a consolidated annual net profit of EUR 54 million. At the AGM, which will take place on 21 July in Wiesloch, near Heidelberg, the management and the supervisory board will propose to pay a dividend of EUR 0.50 per share. In 2013, Deutsche Rohstoff had first paid a dividend of [...]
