DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous/Miscellaneous 
Deutsche Rohstoff AG: Almonty signs contract for project financing 
 
2020-12-07 / 16:22 
The issuer is solely responsible for the content of this announcement. 
 
Deutsche Rohstoff AG: Almonty signs contract for project financing 
 
*Mannheim*. Almonty Industries announced that the Project Finance Agreement 
with KfW-IPEX Bank for the construction of the Korean Sangdong Mine was 
definitively signed today. The project financing has a volume of USD 75.1 
million. 
 
The buyer of the tungsten concentrates, which is expected to be produced in 
Sangdong from 2022 onwards, will be the Austrian Plansee Group. The supply 
agreement has a term of 15 years and guarantees Almonty an attractive 
minimum price with a revenue of at least CAD 750 million. As part of the 
project financing, Plansee is also issuing guarantees to banks for almost 
USD 30 million to cover possible cost overruns and the equity financing of 
the project. The company also acquires shares from Lewis Black, the 
company's CEO, making it the largest shareholder. Deutsche Rohstoff AG 
remains the third largest shareholder with a current stake of 12.8%. 
Plansee's guarantees reduces the equity share that Almonty must raise as 
part of the project financing to around USD 14.1 million. 
 
Mannheim, 7 December 2020 
 
*Deutsche Rohstoff* identifies, develops and sells attractive raw material 
deposits in North America, Australia and Europe. The focus is on the 
development of oil and gas deposits in the USA. Metals such as gold and 
tungsten complete the portfolio. Further information can be found at 
www.rohstoff.de [1] 
 
*Contact* 
Deutsche Rohstoff AG 
Dr. Thomas Gutschlag, CEO 
Phone +49 621 490 817 0 
info@rohstoff.de 
 
2020-12-07 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Deutsche Rohstoff AG 
             Q7, 24 
             68161 Mannheim 
             Germany 
Phone:       0621 490 817 0 
Fax:         0621 490 817 22 
E-mail:      gutschlag@rohstoff.de 
Internet:    www.rohstoff.de 
ISIN:        DE000A0XYG76, DE000A1R07G4, 
WKN:         A0XYG7, A1R07G 
Indices:     Scale 30 
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt 
             (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate 
             Exchange 
EQS News ID: 1153270 
 
End of News DGAP News Service 
 
1153270 2020-12-07 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8ff34031b60f4238d88ae9f1a9a79b3a&application_id=1153270&site_id=vwd&application_name=news

(END) Dow Jones Newswires

December 07, 2020 10:22 ET (15:22 GMT)