Deutsche Rohstoff disposes Australian Wolfram Camp Mine

Deutsche Rohstoff AG signed a contract today for the sale of all shares of the 100% owned subsidiaries Wolfram Camp Mining and Tropical Metals. The companies are the operating entities for the Wolfram Camp tungsten and molybdenum mine in Queensland, Australia. The purchase price amounts to 18 million Canadian Dollar (CAD), which converts to approximately 12.3 million Euro at current exchange rates. The buyer is the Canadian company Almonty Industries that operates the Los Santos tungsten mine in Spain. The shares of Almonty are traded on the Canadian TSX Venture exchange in Toronto.