DNI Metals Inc. . Decision of Madagascar Supreme Court On February 15, 2022, the Cassation of Madagascar held a trial. Neither Mr. Goertz nor his lawyers attended the trial. On March 15, 2022, the Court rendered its decision, which cannot be appealed according to our counsel in Madagascar. The court found Mr. Goertz guilty of fraud, embezzling [...]
DNI Metals Inc. . Decision of Madagascar Supreme Court On February 15, 2022, the Cassation of Madagascar held a trial . Neither Mr. Goertz nor his lawyers attended the trial. On March 15, 2022, the Court rendered its decision, which cannot be appealed according to our counsel in Madagascar. The Court upheld the original sentencing of two years in [...]
DNI Metals Inc. Coronavirus- Madagascar In order to prevent the risk of the spread of the novel coronavirus , the Government of Madagascar has not allowed international flights in or out of the capital city of Antananarivo since, 21 March 2020, it is unknown when this will change. In an Article in the Africa Report, written by Olivier Caslin [...]
DNI Metals Inc. Coronavirus- Madagascar In order to prevent the risk of the spread of the novel coronavirus , the Government of Madagascar has declared a state of sanitary emergency for a period of 15 days, with effect from 21 March 2020. In order to restrict human contact as far as possible, all passenger flights have been suspended, personal [...]
DNI Metals Inc. On September 24, 2018 a Settlement Agreement was reached after arbitration between DNI and Cougar Metals NL in regards to the Cougar earn-in to Vohitsara, DNI’s graphite project in Madagascar. On July 23, 2019, DNI issued Cougar a default notice claiming that Cougar had breached the non-disparagement provision in the [...]
DNI Metals Inc. On September 24, 2018 a Settlement Agreement was reached between DNI and Cougar Metals NL with respect to DNI’s Vohitsara Property in Madagascar. On July 24, 2019, DNI issued Cougar a default notice – that default is currently the subject of arbitration procedures between DNI and Cougar. On November 5, 2019, DNI issued [...]
DNI Metals Inc. On September 24, 2018 a Settlement Agreement was reached between DNI Metals Inc. and Cougar Metals NL . DNI has issued Cougar a notice of breach for failure to observe the non-disparagement obligations in the Settlement Agreement. The Agreement provides that DNI is entitled to suspend payment of the balance of the Settlement Amount [...]
DNI Metals Inc. . Requests for Graphite DNI has received numerous requests for graphite from India, Europe and the USA. Potential customers are looking for supplies other than their traditional supply from China. Dan Weir, CEO, commented: "The reason DNI entered the Graphite market in 2015, was through the research that we completed in 2014. Our [...]
DNI Metals Inc. is very pleased to announce that it has filed on Sedar the full report of its initial National Instrument 43-101 Mineral Resource Estimate for its Vohitsara Graphite deposit in Madagascar. Dan Weir, CEO, commented: "When comparing one graphite deposit to another it is important to look at multiple factors: The Grade The size, and [...]
DNI Metals Inc. Application to the Autorité des marchés financiers DNI made an application to the AMF for a management cease trade order , which would restrict all trading in securities of the Corporation, whether direct or indirect, by management of the Corporation while the annual financials are being completed. The MCTO would not [...]
DNI Metals Inc. . Environmental License DNI has been in contact with the Office National pour l'Environnement Madagascar, , both the regional office, located in the port city, Tamatave, 50 kms from DNI's Projects, and the head office in the capital city of Madagascar. The ONE has collected all the information needed to complete the licensing [...]
DNI Metals Inc. . Change of Financial year end to December 31 At DNI's last annual meeting, a motion was approved by shareholders to change DNI's year end to December 31. The previous year end was March 31. DNI's subsidiaries in Madagascar and Mauritius are required to December 31 year ends. DNI decided to change the year end of the Parent company [...]
