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 190,000 AUD and holds 15,50% of Hammer Shares after closing of the [...]
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 of Cloncurry in the Mount Isa region. At completion, Hammer will pay AUD [...]
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 ATC Alloys Limited, a company that operates the largest western [...]
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 this Placement to fund planned targeted exploration on its Queensland [...]
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. Further, Almonty was successful in raising CAD 3,214,860 through a [...]
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 style IOCG ("iron ore copper gold") deposit (approx. 220 million tonnes at [...]
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 institutional investor. The transaction was carried out in the OTC market [...]
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 agreement by up to USD 14.0 million. The loan carries an interest rate of LIBOR [...]
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 Denver, Colorado. The Joint Venture targets copper gold deposits of the IOCG [...]
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 Almonty amount to 12.4 million tonnes with an average grade of 0.41% WO3 [...]
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 drilled during the summer and were completed at the beginning of August [...]
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 conversion price is CAD 0.81. Deutsche Rohstoff may convert at any time [...]
