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DNI Metals Inc. (DMNKF)

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Last Post: 5/26/2017 11:31:23 AM - Followers: 12 - Board type: Free - Posts Today: 0

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

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 Labs 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 - Alberta/SBH/Buckton Zone 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

Social Media:

YouTube | Twitter | Facebook

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 May 04, 2017)

Issued & Outstanding: 56,124,959

Reserved for Issuance: 12,725,000

Pending: 22,895,354 via Private Placement

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 (Pending: 19,230,769 via Private Placement)

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: May 04, 2017]

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Current Price
Bid Ask Day's Range
#205  Sticky Note $DMNKF PR: Drilling Has Commenced/New Graphite Zones Discovered Luke_McCain 04/26/17 08:41:05 AM
#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
#229   Article: Getting into graphite & why first-in juniors Luke_McCain 05/19/17 05:32:11 AM
#228   Roskill Information Services: Graphite to 2026 (Battery Anode) Luke_McCain 05/19/17 05:27:23 AM
#227   DNI Metals: Madagascar Jumbo Flake Graphite Development Update Luke_McCain 05/17/17 01:44:18 PM
#226   $DMNKF: Zacks Small Cap Research (via Great Lakes) Luke_McCain 05/16/17 06:28:12 AM
#225   Purchasing 2 other graphite projects in Madagascar Luke_McCain 05/15/17 04:55:51 PM
#224   $DMNKF DNI Metals Inc. on The OCMX Luke_McCain 05/15/17 04:33:17 PM
#223   Insider Purchasing: Luke_McCain 05/09/17 10:25:51 AM
#222   Were thinking alike here. Luke_McCain 05/06/17 07:28:34 AM
#221   Luke Thats exactly what I was thinking. Were checkmate28 05/05/17 12:48:57 PM
#220   I have obtained a document from a third Luke_McCain 05/05/17 07:07:42 AM
#219   C28, after taking a look at the Shamokin Luke_McCain 05/05/17 06:24:40 AM
#218   C28, just between you, me, and the lamppost: Luke_McCain 05/04/17 05:56:12 PM
#217   Luke, A couple key takes I got here. checkmate28 05/04/17 02:38:03 PM
#216   Intro/iBox updated Luke_McCain 05/04/17 01:46:08 PM
#215   $DMNKF PR: DNI Metals Inc. closes $1,011,801.96 Financing Luke_McCain 05/04/17 01:29:13 PM
#214   Good news for $DMNKF Wholesale Division, via Great Luke_McCain 05/04/17 10:32:47 AM
#213   $DMNKF: Article on & Vohitsara site visit Luke_McCain 05/02/17 11:09:38 AM
#212   $DMNKF @YouTube: DNI Metals - Graphite is the Luke_McCain 05/02/17 11:05:56 AM
#211   Hey Luke. I wish Canada had a national rrten 05/01/17 04:52:49 PM
#210   Update from Madagascar Graphite JV Partner Cougar Metals Luke_McCain 04/30/17 07:21:21 PM
#209   Back-of-the-envelope valuation for DMNKF Luke_McCain 04/30/17 07:15:01 PM
#208   Too good to be true. Luke_McCain 04/28/17 09:45:38 AM
#207   So the field is so rich in graphite gemstar66 04/27/17 09:37:03 PM
#206   $DMNKF: Email update from CEO Dan Weir: Luke_McCain 04/26/17 09:12:06 AM
#205   $DMNKF PR: Drilling Has Commenced/New Graphite Zones Discovered Luke_McCain 04/26/17 08:41:05 AM
#204   Email update from Cougar's Managing Director: Luke_McCain 04/21/17 07:14:32 AM
#203   Graphite Market Expected to Reach $18B+, by 2022 Luke_McCain 04/20/17 12:23:32 PM
#202   Luke, Thanks for the update on Cougar. Saw rrten 04/20/17 12:11:37 PM
#201   $DMNKF JV Partner Cougar Metals Madagascar Update/ASX Announcement Luke_McCain 04/19/17 05:22:25 AM
#200   Uptick Network: Featured Interview with CEO Dan Weir Luke_McCain 04/18/17 06:15:36 PM
#199   Yup. Here is a list of >250k CSE-only Luke_McCain 04/18/17 05:42:02 AM
#198   Memories clearing up. We had over 1 million checkmate28 04/17/17 07:43:15 PM
#197   Hey C28, Luke_McCain 04/17/17 07:31:12 PM
#196   Luke I could be wrong but I think checkmate28 04/17/17 07:03:32 PM
#195   $DMNKF 511,485 shares traded: Highest. Volume. Ever. Luke_McCain 04/17/17 04:35:28 PM
#194   Where Do you see this a year down Luke_McCain 04/17/17 02:59:03 PM
#193   Where Do you see this a year down gemstar66 04/17/17 02:17:36 PM
#192   Vohitsara/Madagascar Graphite Project Update Luke_McCain 04/17/17 09:55:07 AM
#191   Nick, In the name of getting some info checkmate28 04/17/17 09:32:27 AM
#190   Good morning, nick2554, Luke_McCain 04/17/17 06:33:33 AM
#189   After reading Moriarty's artical and doing some DD, nick2554 04/17/17 02:36:35 AM
#188   I like where Dan is taking the gemstar66 04/14/17 09:21:18 AM
#187   Hello, gemstar66, and welcome to the board! Luke_McCain 04/13/17 05:37:57 PM