DNI Metals Inc. is a Canadian-based junior resources company focused on developing a vertically-integrated graphite extraction, refining, and wholesale business. As an integral part of this process, and after recognizing the high quality of graphite from central-eastern Madagascar, it acquired the Vohitsara graphite property, and has commenced exploration to delineate a commercially viable graphite resource. 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 property has a full mining permit, and further development and drilling are scheduled to commence next year. 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 12,000 tonnes per year, which will enable the company 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 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 graphitic carbon over a five year period, for their Matheson Micronization Facility.
Additional mineral assets, include: the Alberta polymetallic black shale SBH Property, consisting of twenty-one metallic and industrial mineral permits that comprise a 1,218 sq. km. land position in the Athabasca region of northeast Alberta; and a 0.5% net smelter return gold royalty interest against future production proceeds from the Cane Springs Property and the Kiewit Project Area, Utah.
The SBH Property contains long-term sources of molybdenum, nickel, uranium, vanadium, zinc, copper, cobalt, specialty metals, like: scandium, lithium, thorium, and rare earth elements. The Buckton Deposit alone has in-situ resources worth billions.
The next stage of work for the Buckton Deposit would consist of integrated leaching and related metals recovery testwork to enable formulation of a detailed scope of work to advance it toward pilot demonstration. DNI is holding such testwork in abeyance until the collaboration of a mining group has been secured that can bring the necessary expertise and substantial resources for implementation of the next phase. The SBH Property is currently held under 21 permits, which are in good standing between 2022 and 2028. 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 Inc.
119 Pinewood Trail
Phone: (+1) 416-595-1195
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Daniel J. Weir, Chairman, CEO, President, and Secretary ( LinkedIn )
Paul L. Hart, Director
Dr. Ravi B. Gopal, Director
Keith Minty, Director
Raymond E. Mitchell, Director
Brian Howlett, Interim CFO
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 June 30, 2016, expressed in Canadian Dollars)
Total Assets: $ 8,519,097
Total Liabilities: $ 902,282
Shareholder's Equity: $ 7,616,815
Auditor: McGovern Hurley Cunningham
Company Documents @ SEDAR
Capitalization: (as of August 30, 2016)
Issued & Outstanding: 39,724,204
Reserved for Issuance: 7,537,707
Float: estimated 29,800,000 (Management, Board, and Advisors own ~ 25% of the Company)
Transfer Agent: Equity Financial Trust Company
$DNI (DNI.CN) on CSE (Canadian Securities Exchange)
$DMNKF on OTC (Pink Sheets)
$DG7N on FWB (Frankfurt Stock Exchange)
[Last updated on: August 30, 2016]