Deutsche Rohstoff AG: Almonty has signed an off-take-agreement for the Sangdong production with a minimum value of 500 million CAD

Deutsche Rohstoff AG

Deutsche Rohstoff AG: Almonty has signed an off-take-agreement for the Sangdong production with a minimum value of 500 million CAD

Deutsche Rohstoff AG

Mannheim/Toronto. Almonty Industries has announced that it has signed an off-take-agreement with an existing customer for a part of the future production of its wholly owned Sangdong mine. The agreement has a term of 10 years and guarantees revenues for Almonty of at least 500,000,000 CAD (approximately 315 million Euro) while it doesn’t cap the price on the upside.

Further details and the full release can be found on www.almonty.com.

Mannheim, 13 March 2018

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Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.