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DNI Metals Inc. (DMNKF)

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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

Website

Corporate Office:

DNI Metals Inc.
119 Pinewood Trail
Mississauga, Ontario
L5G 2L2

Contact Information:

Investor Relations

Phone: (+1) 416-595-1195

Videos:

YouTube

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

Subsidiaries:

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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PlusOneCoin Top Posts
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PostSubject
#616   Ok, I hear you, getting the CSR and spartex 06/21/18 07:24:45 AM
#615   Randal Good Catch. Not my intention to be checkmate28 06/19/18 08:31:15 PM
#614   Checkmate - you have contradictory posts. Randal Swick 06/18/18 03:30:20 AM
#613   Spartex Nice to see your keeping an eye checkmate28 06/15/18 11:35:37 AM
#612   Is DNI transforming itself now to a water spartex 06/14/18 04:08:30 PM
#611   Randal raising money to pay DNI to settle?? rrten 06/07/18 07:22:08 PM
#610   Randal has left the house. Disappeared. rrten 06/07/18 06:46:49 PM
#609   Randal's pathetic Private Placement. rrten 06/07/18 06:33:17 PM
#608   Here is the latest interview with DNI Metals Proven and Probable 05/24/18 08:14:17 PM
#607   Here is the latest press release: Proven and Probable 05/16/18 11:16:44 AM
#606   DNI Sponsors Clean Water Day in Madagascar, and checkmate28 05/15/18 09:44:53 AM
#605   Additionally, can anyone at Cougar provide evidence of apouse 04/06/18 05:56:42 PM
#604   Hey Saps, Randy, how is Cougars legal team apouse 04/06/18 05:56:07 PM
#603   Saprolities. The relationship was stressed at time of checkmate28 04/03/18 02:29:46 PM
#602   Randal knows he will lose. rrten 04/03/18 02:19:31 PM
#601   One of us will be vindicated Checkmate saprolities 04/03/18 07:18:10 AM
#600   Looks like Saprolities talked to Randal and decided checkmate28 04/03/18 03:16:38 AM
#599   Looks like Saprolities talked to Randal and decided checkmate28 04/03/18 03:16:30 AM
#598   saprolities If there is one thing that checkmate28 04/01/18 09:11:20 PM
#597   It may not be important to you. saprolities 04/01/18 08:38:04 AM
#596   Saprolities, You said I’m referring to checkmate28 03/31/18 12:52:43 PM
#595   Randal sap on stockhouse. rrten 03/30/18 04:17:24 PM
#594   Yes checkmate saprolities 03/30/18 11:19:47 AM
#593   Sapper I have no idea what you are checkmate28 03/30/18 10:14:48 AM
#592   Randal your wasting your time. rrten 03/30/18 10:03:36 AM
#591   The question was related to non-disclosure saprolities 03/30/18 09:04:48 AM
#590   Sapper Yes I stand by my previous checkmate28 03/30/18 01:17:39 AM
#589   Apouse Sap is correct, Madi is not issuing checkmate28 03/29/18 11:58:40 PM
#588   Yes there is apouse. saprolities 03/28/18 11:46:09 PM
#587   That wasn’t my question. apouse 03/28/18 09:21:18 PM
#586   It's not the EIS apouse saprolities 03/28/18 08:34:30 PM
#585   Is there a link to any information regarding apouse 03/28/18 07:15:17 PM
#584   Randal as Randal. rrten 03/28/18 06:22:00 PM
#583   Has anything changed checkmate? saprolities 03/28/18 05:43:19 PM
#582   Nice try Randal, you're saprolities. rrten 03/27/18 09:51:17 PM
#581   Is rrten checkmate? saprolities 03/27/18 09:17:40 PM
#580   Randal is saprolities as usual. rrten 03/27/18 09:01:45 PM
#579   Question for checkmate saprolities 03/27/18 08:22:29 PM
#578   Randal's Invincibility Complex. rrten 03/26/18 11:52:50 PM
#577   Checkmate28 is right on target. BryanC 03/26/18 11:28:15 PM
#576   BryanC Well said in short words checkmate28 03/26/18 03:41:21 PM
#575   Randal is not doing to well. rrten 03/26/18 10:44:51 AM
#573   Hi BryanC. That doesn't sound right to Randal Swick 03/25/18 10:38:23 PM
#572   Thank you Checkmate28 for your research on this BryanC 03/25/18 10:19:22 PM
#571   Randal's dream world. rrten 03/23/18 02:32:43 PM
#570   Checkmate - Randal Swick 03/23/18 11:21:26 AM
#569   Ref, Randal is getting pummeled. rrten 03/23/18 02:03:46 AM
#568   Mr Swick You claim you agree with Andrew checkmate28 03/23/18 12:03:06 AM
#567   Randal is here, saprolities has gone. Randal, I rrten 03/22/18 10:55:51 PM
#565   Checkmate. Randal Swick 03/22/18 07:21:14 PM
PostSubject