DNI Metals has today terminated the agreement dated March 24, 2017 between DNI and Cougar Metals in respect to the Vohitsara Property . On December 1, 2017 DNI issued Cougar a Notice of Default. Under the Option Agreement, Cougar had seven days to remedy the Defaults. In the event that certain of the Defaults are not remedied, DNI has the right to [...]
DNI Metals Inc. . Highlights VHTDD007: 12.00m @ 9.28% GC; from 1.00m VHTDD009: 13.50m @ 8.21% GC; from 5.50m ; VHTDD011: 18.00m @ 5.01% GC; from 2.50m ; VHTDD012: 34.00m @ 5.63% GC; from surface ; DNI is pleased to announce the following : Receipt of the first and second batches of drilling assay results from its recent diamond core drilling [...]
DNI Metals Inc. DNI is pleased to report the following update for its two Madagascar graphite projects: Graphite Project #1 — Vohitsara — 100% DNI owned and moving forward. 1. Drilling a. Just over 2,700 meters of combined drilling was completed in 2017. Drilling focused entirely on saprolitic hosted, weathered material. The average depth of the [...]
DNI Metals has today issued Cougar Metals a letter of default in respect of the agreement dated March 24, 2017 between DNI and Cougar. Pursuant to the terms of the Option Agreement, Cougar was to, among other things, complete a NI 43-101 compliant resource report on DNI's Vohitsara project in Madagascar by June 30th, 2017. This report was to [...]
DNI Metals The new property, Madagascar claim number PE8904, is a permit that allows for production, is good for 40 years, and can be extended. With the addition of the new claims, DNI will have a contiguous mining tenement package comprising over 100 square kms. Madagascar is known for large flake and high quality graphite; the vast majority of [...]
DNI Metals announces that with the help of Ascenta Capital it has completed a $2.8 million financing. Further to its news release dated September 18, 2017, and September 25, 2017 the Company has closed, subject to final Regulatory approval, its non-brokered private placement financing. The financing comprised of 35,000,000 units of the Company at a [...]
DNI Metals. With the help of Ascenta Finance Corp., DNI's Board of directors is pleased to announce that is has increased the size of the private placement to $2,800,000, subject to regulatory approval. The Private Placement will now consist of up to 35 million units at $0.08 per unit, where each unit will consist of one common share and one common [...]
DNI Metals is pleased to announce that it has engaged Ascenta Finance Corp. to arrange a private placement of up to $2,400,000, subject to regulatory approval. The Private Placement will consist of issuing up to 30 million units at $0.08 per unit, where each unit will consist of one common share and one common share purchase warrant exercisable at [...]
DNI is urging MiningWatch Canada to retract misleading statements made with respect to DNI's operations in its Vohitsara graphite property in Madagascar. We respect MiningWatch Canada's work around the world and the need to fight global threats to public health, environment, and community interests. In the case of the Vohitsara Graphite Project [...]
DNI Metals is pleased to offer existing holders of warrants of the company, that if they exercise their current warrant(s) and the company receives payment for the exercised warrant(s), before September 22, 2017, 5pm EST, that the company will issue the warrant holder a half (1/2) of a new warrant. Each new full warrant entitles the bearer to [...]
DNI Metals is pleased to provide further drilling results from the Vohitsara Saprolitic Graphite Project, Madagascar. The latest drill results comprise of a further sixteen holes (16) holes and one trench from the Main Zone and complement the results from the initial results of 3 holes. See DNI press release dated July 24, 2017. To date, forty-five [...]
DNI Metals adds new Directors, Brian Howlett and John Carter, to help with the Development of the Vohitsara and Marafody Graphite Deposits. Mr. Carter is currently the CEO of Northern Sphere Mining. Has over 35 years experience in the metals and mining industries. Mr. Carter specializes in the engineering design and manufacturing of mineral [...]
