Establishment of the "rare earths Storkwitz AG" for the development of the only known rare earth deposits in Central Europe

Establishment of the "rare earths Storkwitz AG" for the development of the only known rare earth deposits in Central Europe

of 15. December 2011
Financing round of EUR 2,2 My. completed / IPO for 2012 planned

Dr. Thomas Gutschlag by Deutsche Rohstoff

Heidelberg. The German commodity AG (Heidelberg) has the "rare earths Storkwitz AG" founded a new company, the development of the deposit in the license area Storkwitz Delitzsch advance. Es handelt sich hierbei um das einzige bekannte Vorkommen für Rare earth Elements (SEE) in Central Europe. SEE found mainly in the high- and environmental technology use. The historic resource classification under GDR amounts to approximately 38.000 Tonnes of rare earths and 8.000 Tonnes of niobium. The first round of funding provided 2,2 My. EUR and was carried out exclusively with investors from Germany. The initial aim is, to bring the historic resource to an internationally recognized standard and then to increase significantly. The German commodity AG (DRAG) holds with 63% The majority of the Chemnitz-based rare earth Storkwitz AG. For the year 2012 An IPO is planned in Germany. Yet the procedure is to transfer the license from the German AG with rare earth raw materials Storkwitz AG.

Dr. Titus Gebel, Chairman and CEO of the German commodity AG: "The only rare earth deposit in central Europe can now be developed more quickly. Since GDR times, the geologists are agreed, that the deposit at depth may grow significantly. The rare earth Storkwitz AG has access to the best experts and was able to Bernhard Giessel an experienced industrial managers win as manager. "

Bernhard Giessel, Board of the new society, resulted from: "Last but not least supported by the increasing raw material offensive policy of the Federal Government, take the actions of the German company, such as the proposed "alliance for securing raw materials", more and more momentum on. We assume, from, that this resource is also of interest for German industry. "

Accidental discovery during GDR times
The presence Storkwitz has been discovered in the 1970s in uranium exploration activities on. This completely unexpected discovery was regarded as a sensation, because never before in Germany comparable rare earth deposits were discovered. At 29 Drilling in the area of ​​ore body could be so far defined by five holes. It includes easy SEE such as cerium, Lanthanum, Praseodymium and neodymium, but also heavy rare earths such as europium and yttrium.

In the spring of 2012 will begin a drilling program, to convert the deposits into an internationally recognized resource for the Australian JORC standard. Thereafter, then the extension of the deposit is intended in particular to the depth should be investigated further. The earlier studies assumed, that there is significant potential for expansion is. The discoverer, the Soviet-German uranium company Wismut, estimated the potential amount of SEA already 1975 up to 136.000 Tons.

Rare earths of a critical raw materials
There are 17 Elements of the rare earths are used primarily in technologically advanced products. In particular, the high-tech- Industry, But also manufacturers of solar- and wind turbines are dependent on several of these elements. As. 97% World production of rare earths from China. The People's Republic controls the export of metals and has reduced export volumes in recent years steadily. Correspondingly, prices for SEE now be a multiple of the past years.

Both the Federal Government and EU Commission classify the SEA as a strategically important metal, reliability of supply is at risk. Even within the German economy, the supply of the rare earths considered critical.

Heidelberg, 10. January 2012

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