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DNI Metals Inc. (DMNKF)

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Last Post: 3/23/2017 5:41:20 AM - Followers: 8 - Board type: Free - Posts Today: 1

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 late 2017. Upon completion of the PEA, a 50/50 Joint Venture will be immediately formed between DNI & Cougar.

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 metric tons 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.

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 - 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 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 March 22, 2017)

Issued & Outstanding: 40,558,775

Reserved for Issuance: 12,725,000

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 1,999,300.
(No shareholder owns more than 10%.)

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.CN) on CSE (Canadian Securities Exchange)

$DMNKF on OTC (Pink Sheets)

$DG7N on FWB (Frankfurt Stock Exchange)
[Last updated on: March 22, 2017]

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Current Price
Bid Ask Day's Range
#97  Sticky Note $DMNKF Signs LOI Valued up to $4.5 Million Luke_McCain 12/18/16 07:21:34 AM
#151   Via ASX: Luke_McCain 03/23/17 05:41:20 AM
#150   VANCOUVER, March 22, 2017 /CNW/ - The following Luke_McCain 03/22/17 12:48:00 PM
#149   Madagascar Graphite Project Update - via ASX/Cougar Metals Luke_McCain 03/22/17 05:37:31 AM
#148   $DMNKF DNI Metals Inc. is "on the map"... Luke_McCain 03/16/17 12:35:59 PM
#147 DMNKF News!! DNI Metals: Madagascar Mining Permit checkmate28 03/16/17 12:27:10 PM
#146   Good morning checkmate28, Luke_McCain 03/13/17 11:44:20 AM
#145   Todays News! DMNKF The significance here? While checkmate28 03/13/17 10:54:23 AM
#144   PR: Purchase Order for 2,320 Tonnes of Graphite Luke_McCain 03/13/17 10:32:30 AM
#143   $DMNKF DNI Metals Inc. Presentation - March 2017 Luke_McCain 03/11/17 01:12:02 PM
#142   $DMNKF closes at 52-week high of $ 0.06 Luke_McCain 03/03/17 05:39:06 PM
#141   DNI Metals will be attending PDAC next week Luke_McCain 03/03/17 07:48:26 AM
#140   0.08 CAD with 1,989,600 shares traded @ CSE Luke_McCain 03/02/17 04:40:57 PM
#139   Book Value $ 0.0840 CAD/0.0628 USD per share Luke_McCain 03/02/17 08:11:18 AM
#138   Financial Statements (ending 12/31/2016) uploaded @ SEDAR Luke_McCain 03/02/17 07:20:14 AM
#137   iBox updated. Luke_McCain 03/01/17 10:31:18 AM
#136   PR: Purchase and Shipment for Brazilian Graphite (Wholesale) Luke_McCain 03/01/17 09:59:23 AM
#135   "Companies you should be watching in 2017" article Luke_McCain 02/28/17 11:26:10 AM
#134   DNI mention in 10 Top Graphite-producing Countries article Luke_McCain 02/27/17 03:28:54 PM
#133   Come to think of it... Luke_McCain 02/26/17 03:12:48 PM
#132   I think we'll see .10 next week. Luke_McCain 02/25/17 07:50:21 AM
#131   Luke Were going to see the drill any checkmate28 02/24/17 07:32:55 PM
#130   0.07 CAD with 273,500 shares traded @ CSE... Luke_McCain 02/24/17 04:52:33 PM
#129   What??? No power boat simulator/video game to keep Luke_McCain 02/17/17 11:49:51 AM
#128   LOL. I get it ready for the spring. checkmate28 02/17/17 11:35:11 AM
#127   Yeah, those 311k+ shares that traded on the Luke_McCain 02/17/17 11:17:35 AM
#126   Everything seems to be on schedule, so far. Luke_McCain 02/17/17 11:10:22 AM
#125   DNI Trading up!! No shares available. If you checkmate28 02/17/17 10:31:53 AM
#124   Confirmation of Cougar drilling rig shipped to Vohitsara/Madagascar Luke_McCain 02/13/17 09:50:48 AM
#123   Also, direct from DW: We will be in Luke_McCain 02/09/17 08:39:34 AM
#122   PR: DNI Metals Inc Update on Madagascar Graphite Project Luke_McCain 02/09/17 08:19:24 AM
#121   Thank you Luke garym 02/08/17 01:25:52 PM
#120   Thanks for the tip on the FX skim, Luke_McCain 02/08/17 11:40:45 AM
#119   Luke I use Ameritrade. I had the same checkmate28 02/08/17 11:01:04 AM
#118   nobody but a few of us are believing this. Luke_McCain 02/08/17 07:29:46 AM
#117   Hello garym, Luke_McCain 02/08/17 07:07:38 AM
#116   Question, I haven't been following this stock for garym 02/07/17 07:56:21 PM
#115   Luke. Good work on finding the detailed Cougar checkmate28 02/07/17 05:38:40 PM
#114   Update from Vohitsara project partner Cougar Metals NL Luke_McCain 02/07/17 09:37:44 AM
#113   Thanks, checkmate28! Luke_McCain 02/03/17 11:19:32 AM
#112   Luke Heres another Related tidbit. Great Lakes Graphite checkmate28 02/03/17 09:22:33 AM
#111   Two more pieces of information directly related to Luke_McCain 02/02/17 01:25:56 PM
#110   DNI's Saprolite graphite advantage over "hard rock" deposits Luke_McCain 01/26/17 05:44:29 PM
#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