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DNI Metals Inc. (DMNKF)

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Last Post: 3/23/2018 11:21:26 AM - Followers: 14 - Board type: Free - Posts Today: 3

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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#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
#564   Randal, "I am the CEO of Cougar" Not rrten 03/22/18 06:50:08 PM
#563   Randal, Lets clear the air about that RC checkmate28 03/22/18 06:47:56 PM
#562   Randal Your exact words checkmate28 03/22/18 06:18:18 PM
#561   Checkmate. Randal Swick 03/22/18 05:46:22 PM
#560   Randal Swick CEO of Cougar Metals First checkmate28 03/22/18 04:17:58 PM
#559   Randal is panicking. Spelling errors. Randal never makes rrten 03/22/18 03:00:27 PM
#558   Randal it looks like game over for you. rrten 03/22/18 01:29:29 PM
#557   Randal's response was pitiful. Your reponse to Checkmate's rrten 03/22/18 01:24:02 PM
#556   Checkmate, Unless you can relate your comments back to Randal Swick 03/22/18 12:07:40 PM
#555   Randal Randal Randal Your making excuses again. But checkmate28 03/21/18 11:57:24 PM
#552   Randal, you're afraid to prove me wrong. I rrten 03/21/18 04:39:13 PM
#549   Randal you are mentioning Cougar? I thought if rrten 03/21/18 04:02:03 PM
#548   Checkmate, Please stop linking me to the posts of Randal Swick 03/21/18 12:37:42 PM
#546   Randal, Your right, the official position of DNI checkmate28 03/21/18 09:16:59 AM
#544   Who’s correct? saprolities 03/20/18 04:36:28 PM
#542   Randal, to sum it up. rrten 03/19/18 05:25:44 PM
#541   Randal, moved my DNI post. I have moved rrten 03/19/18 03:40:21 PM
#540   Randal had my last post removed. Because I rrten 03/19/18 03:07:02 PM
#538   Randal, I did prove you wrong. I proved rrten 03/19/18 01:58:30 PM
#537   Sheesh Rrtenn. Calm down. Randal Swick 03/19/18 01:35:18 PM
#536   Well Randal, You can claim anything you want. rrten 03/19/18 12:58:15 PM
#535   Well rrten, we are claiming that DNI are Randal Swick 03/19/18 12:17:18 PM
#534   Randal as saprolities. Your deceptive post trying to rrten 03/19/18 12:08:08 PM
#533   Randal, why should DNI show proof to you? rrten 03/19/18 11:51:04 AM
#532   Rrten, our claim that the PE licence over Randal Swick 03/19/18 11:41:21 AM
#531   Randal talk to me. Explain why you think rrten 03/19/18 11:30:56 AM
#530   Randal Swick is afraid of me. Randal always rrten 03/19/18 11:23:01 AM
#529   Checkmate. I don't know who Saprolites is, but Randal Swick 03/19/18 10:01:12 AM
#528   Randal, I though your boiler room operation was checkmate28 03/19/18 09:25:47 AM
#527   Thanks for the reply Checkmate saprolities 03/19/18 08:25:45 AM
#526   Randal's LOI to buy Goldcorp (maybe) Since Randal rrten 03/18/18 10:12:03 PM
#525   Randal's show So you think you can sue? rrten 03/18/18 05:59:51 PM
#524   Sapro, that was one shareholder unloading today that's checkmate28 03/17/18 12:51:08 AM
#523   Hi Randal, as saprolities and Randal, you can rrten 03/16/18 10:58:17 PM
#522   What's now best for all shareholders? saprolities 03/16/18 09:19:53 PM
#521   DNI Metals has no reason to negotiate with BryanC 03/16/18 08:54:39 PM
#520   Randal your facts are wrong. You are saprolities. rrten 03/16/18 05:30:46 PM
#519   Moving from one computer to another. WOW that rrten 03/16/18 08:22:40 AM
#518   What's now best for shareholders saprolities 03/16/18 07:15:19 AM
#517   Is there a facepalm symbol anywhere? Randal Swick 03/16/18 06:36:49 AM
#516   Randal we are not children here. That we rrten 03/16/18 12:46:53 AM
#515   Rrtenn. You are entitled to your own opinion Randal Swick 03/15/18 11:25:54 PM
#514   You must be representing Cougar Metals, since I rrten 03/15/18 08:15:50 PM
#513   I'm doing the same thing you do on saprolities 03/15/18 07:17:16 PM
#512   Then what are you doing here saprolities, on rrten 03/15/18 06:54:45 PM