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DNI Metals Inc. (DMNKF)

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Last Post: 1/15/2018 12:13:41 PM - 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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#458   Great news from DNI. We are selling our rrten 01/15/18 12:13:41 PM
#457   What issue?The gov of Madagascar has not said balihi 01/15/18 10:57:27 AM
#456   Sure, they may have a mining permit NOW...but Sagitar01 01/14/18 03:37:02 PM
#455   You seem to have over looked the latest balihi 01/14/18 03:22:00 PM
#454   Sounds great on paper, Checkmate...BUT we have some Sagitar01 01/12/18 03:03:24 AM
#453   New Website Up checkmate28 01/12/18 12:11:45 AM
#452   Norweger 11 Meters at 5% Graphite. Scoop and float! checkmate28 01/11/18 02:53:36 PM
#451   DNI METALS INC. (DNI : CSE) (DG7N : norweger1979 01/10/18 03:41:22 PM
#450   Maurice Thanks for the heads up on the checkmate28 01/07/18 11:11:30 PM
#449   Directly related to DNI good read: Proven and Probable 01/06/18 03:37:02 PM
#448   Dan Weir is one of the best CEOS rrten 12/22/17 11:11:26 AM
#447   Value, some Aussie stocks have 2 billion shares rrten 12/21/17 09:25:55 PM
#446   Value: What's the replacement cost on the Madagascar ValueFact 12/21/17 06:15:46 PM
#445   I believe their former JV partner has near ValueFact 12/21/17 06:10:29 PM
#444   Checkmate look at this........ rrten 12/21/17 02:30:17 PM
#443   Checkmate you are right on all counts. It rrten 12/21/17 12:03:06 AM
#442   rrten I think Dan did his DD pretty checkmate28 12/20/17 11:39:56 PM
#441   Great posts you made on stockhouse today and rrten 12/20/17 11:23:40 PM
#440   DNI Metals. Bob Moriarty on DNI and his checkmate28 12/19/17 01:23:20 PM
#439   STRONG BUY: Major Upside Potential: DNIs operations update ValueFact 12/11/17 06:12:06 AM
#438   Here is the latest interview with Dan Weir Proven and Probable 12/08/17 05:49:14 PM
#437   Breaking News! Proven and Probable 12/08/17 10:17:43 AM
#436   Cougar was weak financially. 1 billion or more ValueFact 12/08/17 01:52:36 AM
#435   Lets use our Heads! checkmate28 12/07/17 11:07:32 PM
#434   Why hello sir, I shall do just that Proven and Probable 12/07/17 10:03:57 PM
#433   DNI Metals – First 12 of 28 Diamond norweger1979 12/07/17 10:39:35 AM
#432   Maurice hope all is well. Thanks for checkmate28 12/05/17 03:21:35 PM
#431   We plan to conduct an interview with Dan Proven and Probable 12/05/17 12:36:23 PM
#430   A statement of cash flow by Cougar, dated ValueFact 12/05/17 05:56:07 AM
#429   Cougars market cap at 1 penny suggests over ValueFact 12/05/17 01:56:04 AM
#428   Dan Weir's news release, again IMO, well, I ValueFact 12/05/17 12:17:44 AM
#427   Curiously, this was a critical project for Courgar. ValueFact 12/05/17 12:15:52 AM
#426   Traderfan, I have just posted about Cougar on rrten 12/05/17 12:13:00 AM
#425   One would think if Cougar was having a checkmate28 12/04/17 08:18:11 PM
#424   Thanks for all the replies. This is certainly Traderfan 12/04/17 07:38:46 PM
#423   DNI – Graphite Project(s) update. norweger1979 12/04/17 03:17:10 PM
#422   Trader I hear ya, the resource sectors in checkmate28 12/04/17 01:30:17 AM
#421   I wanted to add, that this is between rrten 12/03/17 02:18:45 PM
#420   Traderfan, Yes facts can be fabricated sometimes when rrten 12/03/17 01:49:40 PM
#419   Cougar did some work and gets NOTHING in ValueFact 12/03/17 04:55:54 AM
#418   Trader what bad news? If your talking about Traderfan 12/02/17 05:16:42 AM
#417   Trader what bad news? If your talking checkmate28 12/01/17 10:03:33 PM
#416   Bad news just keeps on coming now. Cougar Traderfan 12/01/17 11:04:45 AM
#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