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DNI Metals Inc. (DMNKF)

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Last Post: 12/28/2016 4:41:24 PM - Followers: 7 - 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 extraction, refining, and wholesale business. After recognizing the high quality of 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 December 2016, DNI completed a LOI (Letter Of Intent), valued up to $ 4.5 million, with Australian-based Cougar Metals NL (ASX: CGM) to develop the Vohitsara Graphite Project.

Cougar has the competence to complete a 3,000 meter drilling program, a 1,000 meter trenching program, a NI 43-101 resource study, and a NI 43-101 PEA (Preliminary Economic Assessment). Pursuant to the LOI, this work should be completed by mid-2017.

Upon conclusion of the PEA, one of the four following scenarios will happen:

1.) A 50/50 Joint Venture shall be formed should DNI secure offtake agreements allowing the construction of a 10,000 tpa plant, failing which
2.) Cougar shall acquire 100% of the project by payment of AUD 2.5 million to DNI, failing which
3.) DNI shall acquire Cougar's interest by payment of AUD 2.5 million to Cougar, or
4.) Cougar shall retain a 49% interest in the project.

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. DNI plans to start output at 10 to 12,000 tonnes 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 addition 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.

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 tonnes of  -100 mesh 95% Carbon over a five year period, for their Matheson Micronization Facility.

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.

In December 2016, DNI completed a LOI, for $ 1 million in cash and securities, with Canadian-based BullRun Capital to purchase the Alberta Mining project, known as the SBH or Buckton Project.

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.

DNI will participate in this venture via $ 600,000 of Units in a new public company, consisting of shares and warrants. BullRun will create the new company through an IPO or RTO in a Canadian recognized/regulated exchange.

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 - 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

Financial Position: (as of September 30, 2016, in Canadian Dollars)

Total Assets: $ 8,660,202

Total Liabilities: $ 1,112,579

Shareholder's Equity: $ 7,547,623

Auditor: McGovern Hurley Cunningham

Company Documents @ SEDAR

Capitalization: (as of December 28, 2016)

Issued & Outstanding: 39,724,204

Reserved for Issuance: 7,537,707

Shareholders: Over 3,000. 25-30 own 300,000 shares, or more. 5-7 shareholders own more than 1,000,000. Dan Weir controls 1,999,300. No shareholders own more than 10%.

Warrants: 16,823,691 at exercise prices of CAD 0.10 to 0.20

Options: 2,401,500 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.CN) on CSE (Canadian Securities Exchange)

$DMNKF on OTC (Pink Sheets)

$DG7N on FWB (Frankfurt Stock Exchange)
[Last updated on: December 28, 2016]

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#97  Sticky Note $DMNKF Signs LOI Valued up to $4.5 Million Luke_McCain 12/18/16 07:21:34 AM
#109   DMNKF Form 2A filed @ Canadian Securities Exchange Luke_McCain 12/28/16 04:41:24 PM
#108   Thanks! nsomniyak 12/23/16 03:01:21 PM
#107   Welcome to the board, nsomniyak Luke_McCain 12/23/16 02:55:54 PM
#106   nsomniyak, headed out for awhile. Not a paying checkmate28 12/23/16 01:45:45 PM
#104   Thanks for the detailed info! nsomniyak 12/23/16 01:34:20 PM
#103   Nsomniyak Glad your paying attention to the hints. checkmate28 12/23/16 01:27:56 PM
#102   What do you make of this deal from nsomniyak 12/23/16 11:13:37 AM
#101   News: DNI Metals Inc signs LOI to vend checkmate28 12/23/16 09:24:19 AM
#100   Information about Vohitsara via ASX & Cougar Metals Luke_McCain 12/20/16 02:44:20 PM
#99   Information on DNI's Vohitsara partner, Cougar Metals NL Luke_McCain 12/18/16 07:47:22 AM
#98   Clarification to DNI Metals Inc. LOI 12/16/16 PR: Luke_McCain 12/18/16 07:33:30 AM
#97   $DMNKF Signs LOI Valued up to $4.5 Million Luke_McCain 12/18/16 07:21:34 AM
#96   New documents filed at SEDAR re: Annual Meeting Luke_McCain 12/09/16 11:40:08 AM
#95   New financial statements and MD&A available @ SEDAR Luke_McCain 11/28/16 12:36:26 PM
#94   Dan Weir - new interview with Uptick Network Luke_McCain 10/28/16 10:54:23 AM
#92   Email from CEO Dan Weir Luke_McCain 10/17/16 01:06:34 PM
#91   More info on Luke_McCain 09/06/16 07:46:34 AM
#90   $DMNKF Featured Company @ #graphite Luke_McCain 09/06/16 07:37:48 AM
#89   Good news for DNI/DMNKF, via their wholesale division Luke_McCain 08/31/16 02:05:31 PM
#88   I was able to add 320k at between Luke_McCain 08/31/16 01:29:10 PM
#86   Hey Matt, Should have kept those shares LOL checkmate28 08/31/16 11:18:24 AM
#85   $DMNKF mentioned in Graphite in Africa: Madagascar article Luke_McCain 08/30/16 09:59:55 AM
#84   New financial statement and MD&A uploaded at SEDAR: Luke_McCain 08/30/16 09:57:01 AM
#83   $DMNKF @ Luke_McCain 08/15/16 05:59:03 AM
#82   $DMNKF @ Luke_McCain 08/15/16 05:57:26 AM
#81   $DMNKF @ Luke_McCain 08/15/16 05:56:39 AM
#80   $DMNKF @ Luke_McCain 08/15/16 05:55:34 AM
#79   Audited financial statements and MD&A filed @ SEDAR Luke_McCain 08/01/16 12:26:44 PM
#78   So financing is the hold-up for the lab purchase? Luke_McCain 07/26/16 03:26:07 PM
#77   So financing is the hold-up for the lab CPTMatt 07/26/16 02:22:28 PM
#76   Re: Up-listing (and miscellaneous DNI updates) Luke_McCain 07/26/16 12:50:52 PM
#75   Hello CPTMatt, Luke_McCain 07/26/16 07:57:37 AM
#74   56k shares now available at .035 (DMNKF) CPTMatt 07/25/16 02:48:36 PM
#73   Back from vacation, looks like I missed... nothing! Luke_McCain 07/25/16 10:31:28 AM
#72   56k shares of DMNKF available at .05 FYI. EOM CPTMatt 07/19/16 01:45:42 PM
#71   Report: Graphite market to reach 17.56B by 2020 Luke_McCain 07/07/16 12:06:43 PM
#70   Monthly Progress Report June 2016 filed with CSE Luke_McCain 07/07/16 11:59:49 AM
#69   Hey brother, Luke_McCain 06/26/16 06:51:30 AM
#68 Nice comparison on the IPO. Stock checkmate28 06/25/16 12:31:09 PM
#67   Article: How to Win in the Graphite Space Luke_McCain 06/23/16 12:49:12 PM
#66   Good news for GLKIF, good news for DMNKF!? Luke_McCain 06/23/16 12:27:14 PM
#65   News... that's not really news (to me, anyways) Luke_McCain 06/23/16 12:15:13 PM
#64   Uptick Network – Interview with CEO Dan Weir Luke_McCain 06/08/16 08:19:34 AM
#63   May 2016 Monthly Progress Report (Form 7) filed Luke_McCain 06/06/16 10:21:54 AM
#62   iBox updated to reflect recent changes Luke_McCain 06/04/16 08:48:49 AM
#61   DNI Metals' Buckton Project has in-situ scandium oxide Luke_McCain 06/04/16 07:53:54 AM
#60   $DMNKF News: DNI Metals Inc. Appoints New Director Luke_McCain 06/04/16 06:50:40 AM
#59   $DMNKF / $DNI.CN - DNI Metals Presentation Luke_McCain 06/03/16 05:55:20 AM
#58   I like boats. Luke_McCain 06/02/16 06:34:41 PM
#57   LOL I like boats. Have owned checkmates checkmate28 06/02/16 05:18:51 PM