on Deutsche Rohstoff AG (isin : DE000A0XYG76)
Deutsche Rohstoff AG Divests Stake in Prime Lithium to Dr. Axel C. Heitmann
Deutsche Rohstoff AG announced the sale of its stake in Prime Lithium AG to Dr. Axel C. Heitmann, current CEO and minority shareholder. This transfer, effective December 31, 2024, makes Heitmann the sole shareholder. While financial details remain undisclosed, this strategic move aligns with Deutsche Rohstoff's focus on its core business.
Prime Lithium AG recently advanced plans to produce high-purity lithium from spodumene ore, crucial for electric vehicle batteries. A pilot plant, intended to commence construction in 2025 in Stade, will test this sustainable production process by 2027. These developments aim to bolster Prime Lithium's position in the European high-performance battery market.
Deutsche Rohstoff's CEO Jan-Philipp Weitz expressed confidence in Prime Lithium's growth potential, though the company now seeks new investors for expansion. Discussions with potential investors are progressing, aiming for long-term market integration.
R. E.
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