Hammer Metals Limited, in which Deutsche Rohstoff holds a 17.3% stake, today announced the first results of the ongoing exploration campaign on it's tenements in the Mount Isa region in Queensland, Australia. Analysis and assay results of the first drillhole of this years campaign, drilled on the Overlander North target, are now available. The [...]
Rhein Petroleum GmbH, in which Deutsche Rohstoff holds a 10% stake, completed its test well in Riedstadt-Goddelau and found oil. At a depth of about 1,700 metres, in the so-called "Pechelbronn Formation", several cubic meters of oil were immidiately produced. Rhein Petroleum carried out an extensive 3D-seismic survey in the region between October [...]
Deutsche Rohstoff: Share in Hammer Metals further increased Drilling program in Mt. Isa commenced Heidelberg. Deutsche Rohstoff AG (DRAG) acquired further 2 million shares of Hammer Metals (in the amount of AUD 150,000) at a share price of 7,5 cent per share from another shareholder. In addition, an option to purchase an additional 2 million shares [...]
Deutsche Rohstoff and Almonty Industries settle all claims relating to Almonty's acquisition of the Wolfram Camp Mine Heidelberg/Toronto. Deutsche Rohstoff and Almonty Industries Inc. announce, that they entered into an agreement whereby the parties have agreed to unconditionally settle all claims made under the provisions of the Share Sale [...]
HEIDELBERG, GERMANY and TORONTO, ONTARIO--(Marketwired - Feb 10, 2015) - Deutsche Rohstoff AG (the "Acquiror") wishes to announce that on September 22, 2014, it acquired ownership and control of 12,209,302 common shares of Almonty Industries Inc. ("Almonty") at a value of CAD$0.86 per share, representing approximately 24.9% of the then issued and [...]
Deutsche Rohstoff buys back Corporate Bond for 5.6 million face value Heidelberg. The buyback offer at 105% of the face value, which Deutsche Rohstoff offered to the creditors of its corporate bond (WKN A1R07G; ISIN DE000A1R07G4), is completed. Creditors gave back bonds for a face value of 5.6 million Euro. The outstanding amount of the bond [...]
Almonty Industries filed today its financial statements for the year ended September 30, 2014. Net income amounted to CAD 10.39 million (EUR 7.3 million) with total revenues of CAD 29.6 million (EUR 20.8 million). This results in earnings per share of CAD 0.24. Almonty had cash and cash equivalents of CAD 14.87 million at its disposal.
Almonty Industries announces proposed merger with Woulfe Mining Creation of leading tungsten producer outside China Heidelberg. Almonty Industries announced today that it has entered into a non-binding letter of intent to combine the businesses of the two companies and create the leading tungsten company outside China. The transaction is expected [...]
Cub Creek Energy, oil and gas subsidiary of Deutsche Rohstoff, acquired acreage within the core area of the Wattenberg field in Colorado/USA. The company has initiated the permitting of twelve horizontal wells on the acquired acreage to facilitate development with a surface drilling location already having been contractually secured. CCE intends to [...]
Dear Sir or Madam, after nearly nine years, the time has come for me to say goodbye and pursue other interests. I am pleased to put the management of the company in the hands of my esteemed partner Thomas Gutschlag, with whom I have founded Deutsche Rohstoff in March 2006. I will continue to act as an advisor for the company to a limited extent [...]
Deutsche Rohstoff: Share Buyback completed Heidelberg. Deutsche Rohstoff (ISIN DE000A0XYG76, WKN A0XYG7) has completed its share buyback program today, which was initiated based on the resolution of the shareholder meeting dated 23 July 2013. Within the limits of the buyback program, the company purchased 259.075 shares during 16 July 2014 and 19 [...]
Deutsche Rohstoff: Further Proceeds for Elster Oil & Gas Land Sale for 2.8 Mio USD/ Further royalty revenues expected Heidelberg/Denver. Elster Oil and Gas, LLC (EOG), formerly Tekton Energy,LLC and currently a 93% owned subsidiary of Deutsche Rohstoff, has sold a remaining piece of land near the town of Windsor, Colorado. The land was originally [...]
