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DNI Metals Inc. (DMNKF)

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Last Post: 11/10/2017 11:57:31 AM - Followers: 13 - 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 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 natural crystalline flake graphite to North America. DNI 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 micronized graphite product line.

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 July 05, 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: July 05, 2017]

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#415   Looks like the stock can't get any traction Traderfan 11/10/17 11:57:31 AM
#414   DNI Metals Inc. completes purchase of a 2nd norweger1979 10/25/17 09:57:04 AM
#413   No haven't bought any, but am looking more spartex 10/24/17 10:31:05 PM
#412   All this was stated up front. This has gemstar66 10/24/17 05:55:16 PM
#411   Wow! No wonder they pumped it with spartex 10/20/17 08:00:56 AM
#410   Great news and work for DNI Metals. Proven and Probable 10/09/17 01:30:18 AM
#409   Great article BryanC Found it myself and just checkmate28 10/05/17 10:43:10 PM
#408   I would like to share the following article BryanC 10/05/17 09:16:59 PM
#407   I would like to share the following article BryanC 10/05/17 09:16:51 PM
#406   I would like to share the following article BryanC 10/05/17 09:16:36 PM
#405   The Facts DNI Metals Inc. responds to misinformed checkmate28 10/05/17 11:39:40 AM
#404   your lies about DNI have been answered already rrten 10/05/17 09:02:04 AM
#403   Who isn't telling the truth regarding DNI Metals Madagascargraphite 10/05/17 05:45:20 AM
#402   Who isn't telling the truth regarding DNI Metals Madagascargraphite 10/05/17 05:40:49 AM
#401   Posting more lies on DNI, are we wever rrten 10/04/17 04:24:13 PM
#400   DNI Metals Digs Itself in Deeper in Madagascar Madagascargraphite 10/04/17 02:53:21 PM
#399   John Carter Purchases 671,000 Shares of DNI Metals norweger1979 10/04/17 09:19:47 AM
#398   Due to Overwhelming demand DNI Metals increases the norweger1979 09/25/17 10:20:49 AM
#397   Traderfan, norweger1979 09/19/17 10:05:09 AM
#396   Now they do a financing at 08 when Traderfan 09/19/17 09:07:21 AM
#395   Ascenta Finance & factsheet for offering norweger1979 09/18/17 04:21:49 PM
#394   DNI Announces $2.4 Million Financing and Engages Ascenta norweger1979 09/18/17 04:15:08 PM
#393 Proven and Probable 09/14/17 05:34:47 PM
#392   DNI to Grant a Half Warrant to Holders norweger1979 09/11/17 09:39:46 AM
#391   DNI’s Vohitsara Saprolitic Graphite Project Drilling Update norweger1979 08/31/17 11:20:18 AM
#390   DNI Metals Inc. Adds New Directors, Brian Howlett norweger1979 08/30/17 09:45:34 AM
#389   New interview update on DNI Metals! Proven and Probable 08/28/17 04:31:40 PM
#388   DNI Metals Inc. - Second Drilling Rig Added norweger1979 08/23/17 02:49:49 PM
#387   Yes Luke this is Maurice. Posting to Proven and Probable 08/17/17 11:57:11 AM
#386   (Breaking!) DNI Metals Inc. to Build a Modular Proven and Probable 08/17/17 11:54:13 AM
#385   DNI Metals Inc. Signs Cooperative MOU to Supply norweger1979 08/15/17 10:28:07 AM
#384   Way to go DW! gemstar66 08/11/17 10:46:52 AM
#383   DNI Metals Inc. Signs Letter of Intent for norweger1979 07/26/17 10:53:56 AM
#382   DNI Metals - Initial Drill Results that Include norweger1979 07/26/17 10:51:33 AM
#381   DNI Metals - Metallurgical Testwork Confirms Presence of norweger1979 07/20/17 12:00:23 PM
#380   DMNKF regarding the US symbol DMNKF volume norweger1979 07/19/17 12:49:44 PM
#379   DMNKF FYI, there is a lot more volume trading norweger1979 07/19/17 12:40:31 PM
#378   gemstar, I thought you were trying to add checkmate28 07/19/17 09:25:57 AM
#365   I might ad that at the time I gemstar66 07/19/17 12:07:04 AM
#364   Well, as I see it, this stock can gemstar66 07/18/17 11:49:14 PM
#363   DNI's Drilling partner Cougar Metals press release out. checkmate28 07/18/17 10:30:04 AM
#362   So what is the purchase status DNI LABS? BryanC 07/17/17 07:45:04 PM
#361   Wow, sounds like someone is stuck in Madagasgar spartex 07/16/17 08:29:48 PM
#360   I realize that. Luke_McCain 07/15/17 05:56:37 PM
#359   Luke I never said you did sell any shares. rrten 07/15/17 05:43:29 PM
#358   Et tu, rrten? Luke_McCain 07/15/17 05:17:59 PM
#357   Luke, I believe the volume for DNI on rrten 07/15/17 02:39:35 PM
#356   BWAHAHA!!! The levels of naiveté and ignorance are Luke_McCain 07/15/17 07:29:17 AM
#355   Spartex, the answer to your question is When checkmate28 07/14/17 08:06:59 PM
#354   So you are leaving DNI on a negative spartex 07/14/17 09:47:36 AM