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News: New Carolin closes private placements for $1.02-million
Up-listing to the OTCQB in the near future
From an e-mail to CEO Dan Weir:
No long-term or toxic debt on their books
From Page 2 of their latest financial documents submitted to SEDAR:
News: DNI Metals Announces Completion of $500,000.00 Financing
CSE Quarterly Interview with DNI CEO Dan Weir
NI 43-101 Technical Report for Vohitsara Graphite Project
Tirupati Graphite adjacent property to DNI's Vohitsara Project
From Section 23 of the National Instrument 43-101 Report:
YouTube Videos: Overview of the Vohitsara Graphite Property
The Saprolite Advantage: Reduced CapEx & OpEx Costs
From the Prospectors and Developers Association of Canada (PDAC) 2016 Convention in Toronto, Canada:
Jumbo and Large Flake distribution greater than 67.4%
Samples of strong graphitic carbon head-grade results (3% to 13.14% Cgr) from 4 trenches covering a strike length of 700 metres, averaging 300 to 400 meters in width, at Vohistara, yielded the following results:
Flake Distribution, Description, and Size
29.5% Jumbo +50 Mesh / +297 Microns
25.3% Jumbo +30 Mesh / +595 Microns
16.9% Small -140 Mesh / -105 Microns
12.6% Large +70 Mesh / +210 Microns
9.9% Medium +100 Mesh / +149 Microns
5.8% Small +140 Mesh / +105 Microns
100.0% Total
Graphite Pricing by Flake Size: http://dnimetals.com/graphite-flake-size/
Phase 1 development program assay (head grade) results
Discovery of Additional Mineralised Zone on Its Vohitsara Graphite Project
Info on their flagship project: Vohitsara Graphite Property
Extensive array of services offered at DNI Labs:
Portfolio: PRO’s world class service facility with its laboratory and pilot plant offers specialized process services including:
• Sustainable development
• Clean Technologies
• Renewable Energy
• Environment – Recycling
• Metallurgy and materials
• Specialty Chemicals
• Flow sheet development
• Effluent Treatment
• Skill Development and Training
• Plant Productivity Optimization
• Engineering support & consultation
• Technology development
• Technology transfer
• Engineering assistance, Market evaluation and development
Cleantech Initiatives: PRO’s internationally recognized technical and business experts with their hands-on industrial and academic experience offer services in Cleantech initiatives for the incubation/commercialization of product and process development.
Extractive Metallurgy: Technologies adapted to obtain these solutions include pyrometallurgy, hydrometallurgy, electrometallurgy and mineral processing. These solutions address the needs for recycling and environmental issues. The team with its wealth of experience offers innovative and yet practical solutions for its clients’ needs in process development, process compression, evaluation of plant performance, improvement of plant operation and plant modernization.
Process Mineralogy: We offer precise and comprehensive mineralogical services at competitive prices. To meet the growing demands of Mineral Industries for precise mineralogical information we have developed following services:
• General Mineral Scan
• Bulk Mineralogy
• Quantitative Mineral Deportment Analysis
• Novel Gold Deportment
Projects/Applications: Some of the recent projects undertaken by PRO include:
• Production of high-purity TiO2 from ilmenite
• Base metal and PGM recovery from sulfide ores
• Production of Mg from dolime
• Beneficiation of gold ore
• Base metal sulfide beneficiation
• Production of solar grade silicon
• Treatment of laterite ores
• Molybdenum Sulfide roasting
• Wastewater treatment
• Biomass combustion
• Roasting of Nickel sulfide in Fluid Bed
• Copper Slag Cleaning
• Slag Granulation
• Gallium Recovery from Electronic Waste
• Dezincing of Galvanized Steel
• C14 fixation
• Flotation of Gold/Graphite/Zinc Tailings
http://www.processortech.com/info.php?pnum=6
DNI Labs/Processor Research ORTECH: 62 Patents & 151 Publications
151 Publications:
http://www.processortech.com/info.php?pnum=28
42 Canadian, 20 US Patents and process innovations have been carried out at Ortech, and by PRO Principals:
http://www.processortech.com/info.php?pnum=29
DNI Labs: Adds ~$3,500,000 hard assets to balance sheet
• The overall condition of the facility is excellent, valued at $2.9 million and is situated on +2 acres of commercial licensed land. Equipment is valued at $700,000
• The Lab is fully permitted - up to and including Uranium (Radioactive Materials)
• The facility is currently used by mining and clean tech companies for assay work, pilot plant modeling, technical studies and environmental work
• Water Treatment, Environmental, Chemical and Special Situations Industries conduct tests utilizing our technicians and facilities
• 62 Canadian & US patents have been developed at this facility
• Conference Room facilities
• Large outdoor storage area
• Registered Waste Generator with HWIN
• Focus will be to conduct assay tests and pilot plant work for DNI’s Madagascar Graphite project
• Management will bolster marketing efforts at the Facility to increase operations and usage
DNI Labs = Process Research ORTECH Inc. *
* The company has not made the name public yet - due to confidentiality obligations - but with all the DD I have done, it wasn't difficult to figure out.
DNI Labs: Fully Permitted, Cash Flowing, Established Laboratory
DNI Metals Inc. is in the process of purchasing a company that vertically integrates DNI’s developing Graphite business.
This acquisition when completed, along with their graphite trading business, and a gold royalty will give DNI three sources of cash-flow. This cash-flow will assist DNI in developing its fully permitted Madagascar graphite project, and other potential projects.
More than 62 Canadian and US patents and technologies have been developed at this facility. With this acquisition DNI will own a number of these patents and technologies.
Making up approximately 87% of the acquisition value, are hard assets comprised of a 37,000 square foot, two story high facility, located in the Greater Toronto Area. All the equipment needed to operate Pilot Plants and Laboratories, that are used to complete metallurgical, clean technology, and environmental testing will now be owned by DNI upon completion of the transaction.
A building mortgage and VTB (Vendor Take Back) will account for 75% of the acquisition cost. 20% of the building is rented out at competitive rates, creating income.
The Vendor’s business model has focused on developing technologies. The facility and equipment will allow DNI to drive multiple revenue streams:
• DNI will continue to develop technologies.
• DNI plans to increase the revenue from the labs and the Pilot Plants.
• DNI can use this fully permitted facility to develop and implement various technologies to upgrade graphite, thus increasing the sale value of every tonne of graphite being sold.
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. Having its own lab will allow DNI to fast track the development of its fully permitted graphite project and potentially save DNI and its shareholders thousands of dollars.
Every producing graphite mine must certify its products for carbon content, ash content, moisture content, particle size, and impurities. Having its own Laboratory, experts and training facility, allows DNI to provide its graphite buyers with a Secure, Reliable, and Consistent supply of graphite.
http://dnimetals.com/dni-labs/
"Cashflow is king." Relationship between DNI Metals & Great Lakes Graphite
GLK announces receipt of first DNI graphite shipment
DNI Metals Inc. - Graphite Wholesale Business
DNI has made arrangements with a well-established, large flake graphite producer in Brazil to wholesale graphite to customers in North America. These customers include Great Lakes Graphite Inc. (GLK.V & GLKIF), who require graphite concentrate for the Matheson Micronization Facility.
An agreement provides for the sale by DNI to GLK of 34,000 tonnes of –100 mesh +95 graphitic carbon over a five year period. Pricing of the material sold to GLK under this supply agreement is subject to fixed terms for the first two years.
This agreement is expected to satisfy all of GLK's graphite supply requirements for the first three years of production at Matheson. This transaction is non-arms length as there is a director who serves both companies. This director did not take an active role in the negotiation of the Agreement.
About Great Lakes Graphite:
Great Lakes Graphite Inc. is an industrial minerals company focussed on bringing carbon products to a well defined market through a vertically integrated supply chain. As there is currently no significant graphite production in North America , Great Lakes Graphite has the ability to become one of the first domestic suppliers to a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.
http://www.greatlakesgraphite.com/2015/03/23/great-lakes-graphite-announces-graphite-supply-agreement-with-dni-metals/
http://dnimetals.com/dni-graphite-wholesale/
DNI's Gold Mining Royalties from Kiewit Gold Project
DMNKF: Small company with large Rare Earth deposits
DNI Metals, Inc. owns one of the Top 40 rare earth projects in development.
http://www.pcreml.com/largest-global-re-deposits
DNI is evaluating the potential of its polymetallic black shales as a long-term source of molybdenum, nickel, uranium, vanadium, zinc, copper, cobalt, specialty metals (scandium, lithium and thorium) and rare earth elements.
They have advanced one of the polymetallic zones identified on its property, the Buckton Zone, through a Preliminary Economic Assessment Study reporting positive economics for the 4.5 billion tonnes Buckton Deposit extending over 21.9 sq. km containing Ni-U-Zn-Cu-Co-REE-Y. DNI is also evaluating recovery of co-product Scandium from the Buckton Deposit.
DNI has also delineated a 548 million short tonne maiden inferred resource extending over a 3.3 sq. km portion of the Buckton South Zone, representing the second mineral resource delineated on the Property.
Compelled by fast growing demand in natural sand proppant (frac sand) for use during hydraulic fracking of tight oil/gas reservoirs, DNI is evaluating the potential of the Pelican sandstone Formation over certain portions of its Alberta SBH Property as a source to frac sand.
DNI has identified seven project areas on the SBH Property with large exposures of the Pelican Formation which extends under the entire Property. DNI’s seven frac sand project areas are sufficiently large enough that they each hold realistic potential for hosting sand deposits of reasonable dimensions suitable as a long term source of frac sand. The projects represent a portfolio of seven contiguous frac sand properties with collective potential as a new frac sand district in northeast Alberta adjacent to oil sands operations in the Fort McMurray area.
July 2014 initial sampling over two of its frac sand project areas confirmed sections of coarse clean sand of good roundness and sphericity in the Pelican sandstone with potential to meet frac sand specifications.
http://kuchling.com/projects/
DNI's Private Placement Closing Announcement (Fourth Tranche)
Private Placement: Approved for C$ 500,000 (non brokered)
Info on DNI's Attawapiskat Property (Ontario) Participating Interest
DNI Metals, Inc. has, since 2001, held an interest in the Attawapiskat property, located in the James Bay area, Ontario. DNI optioned the property in 2003 to Kel-Ex Development Ltd. (“Kel-Ex”) pursuant to an agreement dated January 27, 2003, (the “Kel-Ex Agreement”). Under the terms of the Kel-Ex Agreement, Kel-Ex had the option to earn up to a 90% interest in the property by spending $1,500,000 over a 3 year period, by producing a feasibility study recommending development of any part of the property, and by bringing any deposit discovered to production at its expense to be recovered from first-production proceeds.
Once Kel-Ex has earned a 90% interest, DNI will retain a 10% participating interest in the project and a 5% interest in certain surrounding areas, if acquired by Kel-Ex. Under the terms of the Kel-Ex Agreement, Kel-Ex is responsible for maintenance and renewal of the Attawapiskat property claims and has completed the necessary assessment work to maintain the claims. Kel-Ex completed expenditures in excess of $1.6 million on the Attawapiskat property claims by January 31, 2004, and earned an initial 50% interest in the claims pursuant to the terms of the Kel-Ex Agreement. The property is under intermittent exploration by KelEx and its partners, however, in the absence of definitive metrics on which to base a value for the property, DNI’s accumulated expenditures were written off in 2012, while retaining its interest in the property.
The Property has been explored for diamonds, at no cost to DNI by Kel-Ex Development Ltd, pursuant to the option agreement. In June 2010, a drill program was commenced, however no results have been announced and there has since been no further work on the property by Kel-Ex. DNI is investigating its options with respect to this property.
Info on DNI's Red Lake (Ontario) & Louvicourt (Quebec) Properties
DNI Metals, Inc. holds a 50% interest in a handful of claims located approximately 5 kilometres to the east of the Louvicourt Mine in Val-d’Or, Quebec, and certain patented claims in the Red Lake Gold District, Ontario.
The claims are not being actively worked by the Company at the moment - since their primary focus is graphite - but the Company continues to retain their interest, and is looking for ways to realize the value of these properties.
DNI Metals Documents & Financial Statements on SEDAR
Company Profile:
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00010711
Available Documents & Financial Statements:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00010711
Insider Filings for DNI Metals, Inc. (DMNKF) (DNI.CN)
https://www.canadianinsider.com/company?ticker=DNI
(Can view the last 10 filings without registering for an acccount.)
DNI Metals, Inc. Management Team & Advisory Panel
Daniel J. Weir
Chairman, CEO , President, Secretary and Director
Mr. Weir has spent 18 working on Bay Street, at some of the top financial firms. Most of his career has been spent financing mining companies and projects. He has raised tens of millions of dollars for various companies, both public and privately. He has served on boards of mining companies, currently on the board of Mag Copper. Dan lived in Brazil for one year, and speaks Portuguese. He is a expert at evaluating and financing mining deals.
Raymond E. Mitchell
Director
Mr. Mitchell joined the Company in June, 2007, and has over 30 years of experience as a chartered accountant and senior executive. Mr.Mitchell has previously served as senior vice president and chief financial officer for the Canadian Depository for Securities (CDS). During his 24 year career with CDS, he undertook a variety of senior roles, including executive oversight of the development of SEDAR. Prior to CDS, Mr.Mitchell was responsible for a variety of financial functions for a large Canadian trust company. He currently serves as CFO of Latin American Minerals ((LAT:TSX-Ven).
Paul Gorman
Director
Mr. Gorman is president and CEO of Great Lakes Graphite and brings over 20 years of experience in junior mining finance to DNI Metals, including IPOs, assessing asset viability and operating emerging growth public companies. As Managing Partner of Riverbank Capital Inc., Paul spent 12 years assisting small-cap companies with financing, property development and initiating well-defined marketing programs. Paul’s responsibilities have also included raising capital totalling in excess of $85 million, Promoting the companies to the investment community and writing strategic plans for business growth. Mr. Gorman currently is a director of several companies and has worked with a number of Canadian and US based firms providing expertise in the areas of capital raising, corporate governance and strategic initiatives. Mr. Gorman played a pivotal role in revitalizing the junior graphite space in North America in 2008, funding Industrial Minerals Inc, which became Northern Graphite (TSX -V: NGC). Paul also worked with four other graphite companies in an advisory role and founded Mega Graphite Inc. in 2009.
Brian Howlett
Interim CFO
Mr. Howlett is a seasoned professional with over 25 years of experience in senior financial roles. He has a proven track record of adding value to clients and employers over his career, which included six years as CFO of ELI Eco Logic Inc., a Toronto Stock Exchange listed company. He also serves on the Board of Directors of a TSX Venture Exchange listed junior exploration company. Mr. Howlett graduated with a B. Comm from Concordia University in 1983 and received his CMA designation in 1989.
Steven Goertz
Country Manager (Madagascar)
Mr. Goertz is the Principal of Hendry Consulting, a consultancy group servicing the resources and business sectors and based in Madagascar’s capital city, Antananarivo. A (Canadian / Australian) geologist and investor with over 30 years’ experience in various countries, Mr. Goertz has been based full-time in Madagascar since early 2007. During this period, he has developed an extensive local contact network of professional and administrative personnel within Madagascar’s government and business communities.
Peter Eriksson
Country Manager (Brazil)
Managing Director of SR Brazil., in Belo Horizonte, Brazil. Canadian living in Brazil since 1993. Former VP Business Development at Longview Capital. 18+ years in the natural resource industry. Fluent in Portuguese and English.
Terry Loney
Special Advisor
Mr. Loney has been actively involved in exploration mining business for over 30 years. He is currently the President of Klondike Bay Resources for 31 years with a focus on property acquisitions, exploration, property development, consulting and research of past mining activities. He is also the President and CEO of Northern Skye Resources, a Canadian based exploration company with properties in Ontario, Quebec and Newfoundland. Director and Vice president of Mag Copper. Director Golden Bridge Developements . Special advisor to Great Lakes Graphite. Throughout his career Mr. Loney has been an active member of the Prospector Developers Association of Canada (PDAC) and Ontario Prospector’s Association (OPA) and currently serves on the Board of Directors of both organizations. In addition, Mr. Loney has extensive experience in First Nations consultation and negotiation.
Harrison O. Cookenboo
Advisor
Mr. Cookenboo is a professional geologist with more than 25 years experience evaluating geologic prospects, deposits and processes. He has broad exploration and research experience in diamonds, precious and base metals, as well as sedimentological processes, including oil and gas deposits. Harrison has worked extensively in Brazil since 2001, evaluating and reporting on potash, diamond, gold, tungsten, and manganese exploration targets. He has authored more than 20 reports to the standards of NI 43-101 as a Qualified Person describing potash in Brazil, uranium, diamonds, Ni-Cu-PGE and gold properties. as well as preparing numerous reports for both academic journals and public companies.
John Gillett
Advisor
Mr. Gillett has been involved in DNI’s Alberta Projects since 2008, and previously during the 1990’s. From 2003 to 2008 Mr. Gillett worked on DNI’s Utah, Nevada, and Arizona Projects. The Kiewit Gold Project 0.5% royalty is one of the Utah Projects.
Benefits of listing on the Canadian Securities Exchange
Five of the main benefits of listing on the Canadian Securities Exchange are:
- Cost Effectiveness
- Enhanced Disclosure
- Streamlined Regulation
- Central Auction Market
- Approved Market Maker Program
_ _ _ _ _ _ _ _
The dashed line above acts a line of delineation between the "old" DNI Metals and the "new".
Some assets and personnel remain the same, but the management team, business focus, and transfer to the Canadian Stock Exchange mark a new beginning for this company.
Re: A few questions.
52 Week Highs printed on both tickers today:
LADFF @ USD 0.114
LAD.V @ CAD 0.150
Technical charts look good!
Press Releases/News should be out before Memorial Day
PDF for ROTH Precious Metal Corporate Access Day
Interested in LAD? Visit message board for LADFF