Deutsche Rohstoff AG announced the successful closing of the divestment of all Utah assets by its 100% subsidiary Salt Creek Oil & Gas. The sale has led to a cash inflow of approximately EUR 44 million. Salt Creek Oil & Gas was advised by Ten Oaks Energy Advisors. The assets in Utah were acquired by Deutsche Rohstoff's portfolio company Bright Rock [...]
Deutsche Rohstoff contributes Australian lithium exploration projects to listed entity Deutsche Rohstoff holds 70% in joint venture with SensOre Australia listed SensOre is rebranded as Premier1 Lithium 70% stake in joint venture to be acquired by Premier1 Lithium Deutsche Rohstoff to receive 19.9% and 26 million options in Premier1 Lithium [...]
Deutsche Rohstoff AG announces significant progress in Prime Lithium AG's recent developments. Prime Lithium is a 88% subsidiary of Deutsche Rohstoff. Deutsche Rohstoff founded Prime Lithium AG in 2021 to position itself in the rapidly growing battery value chain in Germany. During the past two years, a Deutsche Rohstoff team has been working with [...]
Deutsche Rohstoff AG provides an update on the development in Wyoming. With the acquisition of approximately 70,000 acres of leases in 2020 and 2021 and the joint venture with Oxy, the operational focus has shifted from the fully developed acreage in Colorado to Wyoming since early 2022. In the last 14 months, 28 wells have started production, 23 [...]
Deutsche Rohstoff AG together with its Australian partner SensOre and the joint subsidiary Exploration Ventures AI Pty Ltd, has secured four additional licenses in the state of Western Australia. The portfolio now comprises a total of seven projects. SensOre and Deutsche Rohstoff AG founded the joint venture on a 30:70 basis in the beginning of [...]
The Executive Board of Deutsche Rohstoff AG invites interested investors and capital market participants to the 3rd Capital Markets Day on Wednesday, 22 November 2023 at 11:00 a.m. Agenda 11.00 a.m. Opening by the Executive Board 11.05 a.m. Development of Deutsche Rohstoff AG, Jan-Philipp Weitz, CEO 11.45 a.m. Q&A 12.00 p.m. 3rd quarter financials [...]
Deutsche Rohstoff Group was able to generate record sales, EBITDA and earnings in the third quarter of 2023. Revenue amounted to EUR 57.5 million in, EBITDA at EUR 45.6 million. The figures for the first nine months of 2023 are also strong: Sales amounted to EUR 132.6 million, EBITDA to EUR 101.6 million and net income to EUR 42.6 million. Other [...]
Deutsche Rohstoff AG has successfully completed the placement of its corporate bond 2023/2028 with an issue volume of EUR 100 million. The volume is composed of subscriptions in the public offering and the institutional private placement as well as the exchange of the corporate bond 2019/2024 into the new bond of Deutsche Rohstoff AG. Due to the [...]
Deutsche Rohstoff AG announces that the currently offered 7.5% bond is facing strong demand from institutional and private investors. The transaction is oversubscribed before the end of the subscription period on 25 September. The targeted issue volume of EUR 100,000,000 has therefore been exceeded by investor demand. The new bond is scheduled for [...]
Deutsche Rohstoff AG plans to place a new corporate bond with a volume of up to EUR 100 million based on the securities prospectus* approved today by the Commission de Surveillance du Secteur Financier. This will be Deutsche Rohstoff's fourth bond issue since 2013. Two bonds were repaid on schedule in 2018 and 2021, while the 2019/2024 bond still [...]
Highlights in the first half of 2023: Record production of 10,533 BOE per day due to very strong operational development. Record revenues of EUR 75.1 million in the first half of the year despite sharp drop in oil and gas prices compared to previous year. Guidance for 2023 confirmed. Based on the operating development and the forecast oil price of [...]
Deutsche Rohstoff AG has added another well-known address to its circle of analysts with Oddo BHF. The initial coverage was published today in English with a recommendation to buy and a target price of 40.00 EUR. In total, there are now four assessments of the Deutsche Rohstoff AG share, all of which are freely available on the company's website [...]
