DGAP-Adhoc
Deutsche Rohstoff AG: Tin International signs binding MoU to form a Joint Venture with Lithium Australia - Seite 2
mineralization. The management expects that the economic viability of the
"Sadisdorf" project can be improved substantially through this strategy.
Lithium is an important commodity especially in the manufacturing of
batteries and according to most analysts the demand for lithium will
increase significantly with the growing market for electric vehicles in the
coming years."
Thomas Gutschlag, CEO of Deutsche Rohstoff, comments: "We are pleased with
the signed MoU. Lithium Australia brings a wealth of processing technology
and knowledge that will potentially enable the extraction of lithium as byproduct
from the tin production and will make Sadisdorf an economically
viable project."
Adrian Griffin, MD of LIT said: "Sadisdorf has mine openings, historic tin
production and a well identified lithium halo through and around the JORC
Resource. This is a great opportunity to establish a substantial lithium
resource to feed a Sileach(TM) processing facility in Europe."
Mannheim, 27th February 2017
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.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
info@rohstoff.de
27-Feb-2017 CET/CEST 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: | Entry Standard (Performance TOP 30) |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt |
End of Announcement | DGAP News Service |
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548049 27-Feb-2017 CET/CEST