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DNI Metals Inc. (DMNKF)

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Last Post: 6/28/2017 7:03:49 AM - Followers: 13 - Board type: Free - Posts Today: 3

DNI Metals, Inc. logo

DNI Metals Inc. is a Canadian-based junior resources company focused on developing a vertically-integrated graphite company, with a three-pronged approach:

1. Exploration & Extraction
2. Refining & Processing
3. Wholesale Distribution

After recognizing the high quality of natural flake graphite from central-eastern Madagascar, it acquired the Vohitsara graphite property, received a full mining permit, and commenced exploration to delineate a commercially viable graphite resource.

In March 2017, DNI signed a DA (Definitive Agreement), with Australian-based Cougar Metals NL (ASX: CGM) to develop the Vohitsara Graphite Project.

Cougar has recently begun a 3,000 meter drilling program, including a 1,000 meter trenching program, a NI 43-101 resource study, and a NI 43-101 PEA (Preliminary Economic Assessment). Pursuant to the DA, this work should be completed by late 2017. Upon completion of the PEA, a 50/50 Joint Venture will be immediately formed between DNI & Cougar.

Preliminary samples of strong graphitic carbon head-grade results (3% to 13.14% Cgr) from four trenches covering a strike length of 700 meters, averaging 300 to 400 meters in width, at Vohistara, yielded the following results: 

Flake Distribution, Description, and Size
25.3% Jumbo +30 mesh / +595 microns
29.5% Jumbo +50 mesh / +297 microns
12.6% Large +70 mesh / +210 microns
  9.9% Medium +100 mesh / +149 microns
  5.8% Small +140 mesh / +105 microns
16.9% Small -140 mesh / -105 microns

The Company formed DNI Madagascar Sarl, a wholly owned subsidiary in Madagascar, in order to carry out business in that country. They are also in the process of forming a Mauritian company for investment and tax advantages. DNI plans to start output at 10,000 to 12,000 metric tons per year, which will enable them to be extremely competitive in the current graphite market owing to its lower CapEx and OpEx costs, as the ore can go straight into the flotation process following excavation - this is The Saprolite Advantage.

DNI Metals - Vohitsara graphite property location DNI Metals - Vohitsara Sampling

DNI Metals is focused on becoming a cash-flow positive company, with the pending purchase of a fully operating commercial mining-related laboratory: Process Research ORTECH Inc.

The 37,000 sq. ft. technical lab and testing facility, located in the Greater Toronto Area, is fully permitted - up to and including Uranium/Radioactive Materials - and is currently being used by mining and clean technology companies for assay work, pilot plant modeling, technical studies and environmental work. 62 Canadian & US patents have been developed at this facility to date.

Developing a large flake graphite project requires a significant amount of money being spent at laboratories. Drilling assays, and pilot plant/metallurgical work must be done. By having its own lab, DNI will be able to fast track the development of the Vohitsara property, and save the company and its shareholders thousands of dollars, while providing its customers with a secure, reliable, and consistent supply of graphite. Upgrading the graphite in-house will result in higher profit margins for DNI in both the expandable and spherical graphite markets.

In addition, 20% of the building is rented out at competitive rates, already generating income, and this acquisition will add about CAD $ 3.5 million of hard assets to DNI's balance sheet.

They also have a wholesale graphite business importing high-quality Brazilian natural crystalline flake graphite to North America. The Company currently has an agreement to provide Great Lakes Graphite (GLK.V & GLKIF) 34,000 metric tons of  -100 mesh 95% Carbon, over a five year period.

DNI Metals has established a distribution network that currently sources graphite material from Nacional de Grafite, a private Brazilian company, which has annual production capacity of over 70,000 metric tons.

DNI Metals - Commercial Mining Laboratory DNI Metals, Inc. - Graphite Wholesale Business

Additional assets include a 0.5% net smelter return gold royalty interest against future production proceeds from the Cane Springs Property and the Kiewit Project Area, Utah.

SBH Property, Alberta

The Company’s 100% undivided direct interest in 21 metallic and industrial mineral permits, over 1,218 square kilometers located in the Athabasca region gives DNI the exclusive right to explore for metallic and industrial minerals for a fourteen year term subject to traditional bi-annual assessment work performance requirements. The SBH/Buckton Project contains long-term sources of molybdenum, nickel, uranium, vanadium, zinc, copper, cobalt, specialty metals, like: scandium, lithium, thorium, and rare earth elements.

Currently, there are two potential buyers, and the Company is assessing all potential opportunities.

Other interests include: the Attawapiskat Property, consisting of around 16 sq. km. land position in the Attawapiskat region, located in the James Bay Lowlands in Ontario; a 50% interest in claims located to the east of the Louvicourt Mine in Val-d'Or, Quebec; and certain patented claims in the Red Lake Gold District, Ontario.

DNI Metals - SBH/Buckton Project in Alberta DNI Metals - Gold Royalty


Corporate Office:

DNI Metals Inc.
119 Pinewood Trail
Mississauga, Ontario
L5G 2L2

Contact Information:

Investor Relations

Phone: (+1) 416-595-1195



Management Team:

Daniel J. Weir, Chairman, CEO, President, Secretary, and Interim CFO ( LinkedIn )
Paul L. Hart, Director
Dr. Ravi B. Gopal, Director
Keith Minty, Director
Raymond E. Mitchell, Director
Steven Goertz, Manager (Madagascar)
Peter Eriksson, Manager (Brazil)
John Carter, Special Advisor
John Gillett, Inforrmation Manager


Dumont Mining Company (Utah)
DNI Metals Madagascar Sarl
Pending: "Mauritian Company"

Financial Position: (as of December 31, 2016, in Canadian Dollars)

Total Assets: $ 4,400,435
(Note: Includes a capital impairment charge on the SBH Alberta Property of $4,153,548 based on a third party valuation.)

Total Liabilities: $ 992,103

Shareholder's Equity: $ 3,408,332

Auditor: McGovern Hurley Cunningham

Company Documents @ SEDAR

Capitalization: (as of June 23, 2017)

Issued & Outstanding: 62,968,155

Reserved for Issuance: 24,934,542

As of December 31,2016:

Shareholders: Over 3,000. 25 to 30 own 300,000 shares or more. 5 to 7 shareholders own more than 1,000,000. Dan Weir controls 5,878,300.
BOD, Management, and Advisors collectively hold ~ 25%.

Warrants: 10,423,984 at exercise price of CAD 0.10, expiring July to November 2017

Options: 2,151,500 at exercise prices of CAD 0.06 to 4.40, expiring May 2017 to Jun 2021

Transfer Agent: Equity Financial Trust Company

Stock Symbols:

$DNI (DNI.C) on CSE (Canadian Securities Exchange)

$DMNKF on OTC (Pink Sheets)

$DG7N on FWB (Frankfurt Stock Exchange)
[Last updated on: June 24, 2017]

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#205  Sticky Note $DMNKF PR: Drilling Has Commenced/New Graphite Zones Discovered Luke_McCain 04/26/17 08:41:05 AM
#279   Hey brother! Luke_McCain 06/28/17 07:03:48 AM
#278   Hey dude, Luke_McCain 06/28/17 06:54:11 AM
#277   rrten Those guys over at NEXT are either checkmate28 06/28/17 01:36:42 AM
#276   Hey Luke, I was going to post about rrten 06/27/17 09:04:39 PM
#275   Madagascar Mining Code .pdf (in French & English) Luke_McCain 06/27/17 02:08:19 PM
#274   Article: James Dines - importance of graphite (LiB) Luke_McCain 06/27/17 09:31:09 AM
#273   $DMNKF DNI Madagascar Graphite Update (via Cougar Metals) Luke_McCain 06/27/17 04:17:29 AM
#272   The only fact is your investment reflects itself Juiceisloose 06/27/17 12:05:11 AM
#271   Blah blah blah, blah, blah. Blah blah blah... Luke_McCain 06/26/17 11:47:45 AM
#270   You and river rock where going back and Juiceisloose 06/26/17 09:58:35 AM
#269   I never wanted too!! Good luck!! Juiceisloose 06/26/17 09:56:14 AM
#268   I have no clue what is going on here. Luke_McCain 06/26/17 09:29:42 AM
#267   Just passing the message on to the proper Juiceisloose 06/26/17 09:13:32 AM
#266   There will be a DNI PR this week Luke_McCain 06/26/17 07:22:08 AM
#265   Why don't you guys do your own homework? Luke_McCain 06/26/17 07:03:24 AM
#264   A video update for DNI Metals (from Proven Sagitar01 06/26/17 03:27:14 AM
#263   The guys from DNI should read this link Juiceisloose 06/25/17 04:24:37 PM
#262   $DMNKF: One less competitor for DNI Metals #graphite Luke_McCain 06/19/17 12:07:33 PM
#261   I have already talked about this. Read Items Luke_McCain 06/18/17 06:06:41 AM
#260   Luke, any word on whether Cougar has paid Sagitar01 06/18/17 12:12:45 AM
#259   Total Cash Raised: CAD $ 1,428,800.25 (22,409,380 shares) Luke_McCain 06/17/17 11:53:58 AM
#258   Premium prices being paid for Madagascar graphite Luke_McCain 06/17/17 06:32:08 AM
#257   China Revises EV Credit Points to Reward Longer-Range Models checkmate28 06/16/17 12:58:33 PM
#256   Bureau du Cadastre Minier de Madagascar (BCMM) Luke_McCain 06/16/17 05:24:30 AM
#255   Article: Thou shalt obey JORC Luke_McCain 06/16/17 05:12:30 AM
#254   Leads 2 Business (South Africa) Vohitsara Valuation Luke_McCain 06/15/17 12:45:30 PM
#253   From Andrew Miller, Analyst @ Benchmark Mineral Intelligence Luke_McCain 06/15/17 06:01:21 AM
#252   Madagascar President says "No change to mining code" Luke_McCain 06/14/17 03:22:30 PM
#251   Société du Port à gestion Autonome de Toamasina Luke_McCain 06/14/17 05:30:03 AM
#250   Cougar ASX Announcements (No news, FYI only) Luke_McCain 06/13/17 05:31:04 AM
#249   $DMNKF: Why a multi-market graphite strategy is important Luke_McCain 06/12/17 12:47:12 PM
#248   Reply to PM, regarding GLK PR: Luke_McCain 06/12/17 12:35:57 PM
#247   $DMNKF DNI Metals Closes Final Tranche of Financing Luke_McCain 06/10/17 05:41:38 AM
#246   $DMNKF: News for DNI Wholesale Graphite (via GLK) Luke_McCain 06/09/17 12:04:25 PM
#245   Good morning gemstar66, Luke_McCain 06/09/17 06:33:16 AM
#244   Not to mention the 220km (road) to the gemstar66 06/08/17 01:51:56 PM
#243   $DMNKF DNI Metals Inc. financing will close tomorrow. Luke_McCain 06/07/17 10:34:30 AM
#242   $DMNKF PR: DNI Metals Vohitsara/Madagascar Drilling Update Luke_McCain 06/06/17 01:30:37 PM
#241   Reply to emails & PM Luke_McCain 06/06/17 01:07:59 PM
#240   $DMNKF DNI Metals mentioned in Bob Moriarty article Luke_McCain 06/06/17 12:55:37 PM
#239   Correction: So, in the short-term, the outstanding and fully-diluted Luke_McCain 06/03/17 05:35:40 AM
#238   $DMNKF DNI Metals Inc. Closes an Additional $238,809.35 Luke_McCain 06/02/17 06:22:26 PM
#237   Update on Private Placement & OS Luke_McCain 06/02/17 05:53:04 PM
#236   DNI Wholesale: GLK POs from overseas battery manufacturer Luke_McCain 05/26/17 11:31:23 AM
#235   $DMNKF DNI Metals Inc: Expandable Graphite Market Luke_McCain 05/23/17 06:38:09 AM
#234   DNI Metals: Size Matters, When it Comes to Graphite Luke_McCain 05/22/17 09:01:19 AM
#233   TESLA needing a lot of graphite and more Luke_McCain 05/22/17 08:39:12 AM
#232   Just thinking here, maybe a bad idea, but gemstar66 05/21/17 06:37:07 PM
#231   $DMNKF Madagascar/Vohitsara Project Update (via Cougar Metals) Luke_McCain 05/19/17 05:45:21 AM
#230   2018 Natural Graphite Price Forecast by Flake Size Luke_McCain 05/19/17 05:40:46 AM