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 the whole "Overlander" area, adding up to 1.77 million tons of ore grading [...]
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 continue exploration activities at their Mount Isa tenements. A significant [...]
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 approval of the Supreme Court of British Columbia and the favorable 66 2/3 [...]
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 management team that has established a new oil and gas company called Salt [...]
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 mineralization of 1.3% copper over 75 meters and 0.54% copper over 97 meters [...]
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. The investment creates exposure for Almonty to Woulfe Corp's Sangdong [...]
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 EUR 0.10 per share. In 2014, a share buy-back program with a volume of EUR [...]
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 results of the hole do confirm the expected potential of the mineralisation [...]
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 2011 and March 2012. The now successfully drilled target was defined as [...]
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 at 10 cents per share was agreed on. This option can be exercised by DRAG [...]
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 Agreement (SSA) dated 22 September 2014. The SSA relates to the acquisition of [...]
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 outstanding common shares of Almonty (being 48,996,491 shares), as well as a [...]
