DNI Metals Inc. Completes Purchase of a 2nd Graphite Property in Madagascar
Toronto, Ontario--(Newsfile Corp. - October 25, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF) The new property, Madagascar claim number PE8904 (the 'Marofody' project), is a permit that allows for production, is good for 40 years, and can be extended (refer Figure 1 below & Table 1 following).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...
2017-10-25 9:59 AM EDT
DNI Metals - Closes Oversubscribed $2.8 Million Financing
Toronto, Ontario--(Newsfile Corp. - October 6, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") 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 "Private Placement"). The financing comprised of 35,000,000 units of the Company...
2017-10-06 9:21 AM EDT
Due to Overwhelming Demand DNI Metals Increases the Size of Its Financing to C$2.8 Million
Toronto, Ontario--(Newsfile Corp. - September 25, 2017) - DNI Metals Inc. (CSE:DNI) (OTC Pink: DMNKF) ("DNI", "the Company"). 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 (the "Private Placement"), 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...
2017-09-25 9:00 AM EDT
DNI Announces $2.4 Million Financing and Engages Ascenta Finance Corp.
Toronto, Ontario--(Newsfile Corp. - September 18, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF) ("DNI", "the Company") is pleased to announce that it has engaged Ascenta Finance Corp. to arrange a private placement of up to $2,400,000 (the "Private Placement"), 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 $0.16...
2017-09-18 2:35 PM EDT
DNI Metals Inc. Responds to Misinformed Statements of MiningWatch Canada Regarding Vohitsara Graphite Project in Madagascar
Toronto, Ontario--(Newsfile Corp. - September 14, 2017) - DNI (CSE: DNI) (OTC Pink: DMNKF) 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, however, MiningWatch Canada has made significant errors in fact...
2017-09-14 9:00 AM EDT
DNI to Grant a Half Warrant to Holders That Exercise Their Current Warrant
Toronto, Ontario--(Newsfile Corp. - September 11, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF), "DNI", "The Company", 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 purchase one Common Share of the...
2017-09-11 8:34 AM EDT
DNI's Vohitsara Saprolitic Graphite Project Drilling Update
Toronto, Ontario--(Newsfile Corp. - August 31, 2017) - DNI Metals (CSE: DNI) (OTC Pink: DMNKF) ("DNI") 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 (45) air core drill holes and five (5) diamond core hill...
2017-08-31 11:04 AM EDT
DNI Metals Inc. Adds New Directors, Brian Howlett and John Carter, to Help with the Development of the Vohitsara and Marafody Graphite Deposits
Toronto, Ontario--(Newsfile Corp. - August 30, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF) 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 processing equipment for mining operations and operators such as...
2017-08-30 7:00 AM EDT
DNI Metals Inc. - Second Drilling Rig Added to Improve Resources Delineation at Vohitsara Graphite Property in Madagascar
Toronto, Ontario--(Newsfile Corp. - August 23, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF) "DNI", is pleased to give the following update on its graphite properties in Madagascar.As previously outlined in a press release dated August 17, 2017, due the positive Drilling and metallurgical results from its Vohitsara Graphite Project, DNI has initiated a programme to construct and commission a modular pilot plant.Additionally, per DNI's press release dated August 14, 2017 — a non-binding...
2017-08-23 9:00 AM EDT
DNI Metals Inc. to Build a Modular Graphite Pilot Plant for its Madagascar Properties
Toronto, Ontario--(Newsfile Corp. - August 17, 2017) - DNI Metals Inc. (CSE: DNI ) "DNI", is pleased to announce that it will build a graphite pilot plant for testing its properties in Madagascar. DNI Metals has had positive Drilling and metallurgical results from its first mining claims. DNI's projects are permitted. Saprolitic-hosted (weathered) material, average depth from current drill program is 28 meters. Modular plant to be on site in 3-4 months.. Budget...
2017-08-17 10:42 AM EDT
DNI Metals Inc. Signs Cooperative MOU to Supply Large Flake Graphite to Korean End Users
Toronto, Ontario--(Newsfile Corp. - August 15, 2017) - DNI Metals Inc. (CSE: DNI) ("DNI") has signed a non-binding Memorandum of Understanding agreement ("MOU"), with ASX listed Peninsula Mines Limited ("PSM" or "Peninsula") to form a cooperative joint venture to supply and potentially produce, initially up to 20,000 tonnes per year of large flake graphite concentrate to Korean end-users from 2018.The MOU includes the following non-binding terms:
2017-08-15 9:53 AM EDT
DNI Metals Inc. Signs Letter of Intent for a 2nd Graphite Property in Madagascar
Toronto, Ontario--(Newsfile Corp. - July 26, 2017) - Since DNI Metals (CSE: DNI) (OTC Pink: DMNKF) ("DNI" or the "Company"), has had positive Drilling and metallurgical results from its first mining claim, DNI has signed an LOI on a second property contiguous to the first mining claim.The new property, Madagascar claim number PE8904 (the 'Marofody' project), is a permit that allows for production, is good for 40 years, and can be extended (refer Figure 1 below & Table 1 following).With...
2017-07-26 7:49 AM EDT
DNI Metals - Initial Drill Results that Include 4.5m of 10.59% Graphitic Carbon
Toronto, Ontario--(Newsfile Corp. - July 24, 2017) - DNI Metals Inc. (DNI: CSE) (OTC Pink: DMNKF) ("DNI" or the "Company")Highlights — First 3 holes from the Main ZoneVHT0019: 19.50m @ 6.12% GC, from 10.00m (incl. 4.50m @ 10.59% GC, from 19.00m);VHT0025: 11.50m @ 7.23% GC, from surface;VHT0016: 12.00m @ 4.14% GC from 8.50m & 4.50m @ 5.20% GC, from 25.00m.DNI Is pleased to announce the following (refer Figure 1 and Table 1 following):Receipt of the first batch of drilling assay...
2017-07-24 1:07 PM EDT
DNI Metals - Closes Final Tranche of Financing
Toronto, Ontario--(Newsfile Corp. - June 9, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") DNI Is pleased to announce the following:Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the final tranche (the "final Tranche") of its non-brokered private placement financing (the "Private Placement"). The final Tranche comprises 3,024,599 units of the Company (the "Units") at a price of...
2017-06-09 4:00 PM EDT
DNI Metals: Drilling Update - Japan International Cooperation Agency ("JICA") to Invest in the Port Located 50 kms from DNI's Graphite Project
Toronto, Ontario--(Newsfile Corp. - June 6, 2017) - DNI Metals Inc. (CSE: DNI) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") On a recent trip to Madagascar, the management, directors, an investor and an advisor visited the Madagascar's main port only 50 kms from DNI's permitted graphite deposit on the country's main paved highway.Infrastructure such as roads and ports are critical to any industrial project as transport and logistics costs represent a very significant portion of the...
2017-06-06 12:39 PM EDT
DNI Metals Closes an Additional $238,809.35
Toronto, Ontario--(Newsfile Corp. - June 2, 2017) - DNI Metals Inc. (CSE: DNI) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") DNI Is pleased to announce the following:Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the second tranche (the "second Tranche") of its non-brokered private placement financing (the "Private Placement"). The second Tranche comprises 3,673,990 units of the Company (the "Units") at a price of...
2017-06-02 4:00 PM EDT
DNI Metals - Madagascar Jumbo Flake Graphite Development Update
Toronto, Ontario--(Newsfile Corp. - May 17, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company"). DNI organized a trip to Madagascar last week to check on the progress of its fully permitted graphite deposit in Madagascar. Highlights:Cougar Metals ("Cougar") has drilled Test holes in the southern zone.Trenching has begun in the main zone.Multiple layers of graphite mineralization have been exposed.The layers are shallow dipping at about 25-30 degrees to...
2017-05-17 1:05 PM EDT
DNI Metals - Closes $1,011,801.96 Financing
Toronto, Ontario--(Newsfile Corp. - May 4, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC: DMNKF) ("DNI" or the "Company") DNI Is pleased to announce the following:Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the first tranche (the "first Tranche") of its non-brokered private placement financing (the "Private Placement"). The first Tranche comprises 15,566,184 units of the Company (the "Units") at a price of CDN$0.065...
2017-05-04 1:04 PM EDT
DNI Metals - Drilling has Commenced - New Graphite Zones Discovered
Toronto, Ontario--(Newsfile Corp. - April 26, 2017) - DNI Metals Inc. (CSE: DNI) ("DNI" or the "Company") is pleased to announce the following:Drilling has commenced on DNI's Vohitsara graphite project in Madagascar.As the road and drill pads were/are being constructed, new graphitic zones were uncovered by the bulldozer.Drilling to focus on the main zone, but a few test holes will be drilled on secondary zones.The Main zone is over 2.5 kms long, drilling will start on the central 1 km...
2017-04-26 8:00 AM EDT
DNI Metals - Announces C$2.5 Million Financing
Toronto, Ontario--(Newsfile Corp. - April 5, 2017) - DNI Metals Inc. (CSE: DNI) ("DNI" or the "Company") The Corporation's Board of Directors has approved a Private Placement allowing it to complete a non-brokered private placement of up to 38,461,538 Units at a price of $0.065 per Unit for gross proceeds of $2,500,000.00 (the "Private Placement"). Each unit consists of one Common share and a half purchase Warrant. Each warrant entitles the bearer to purchase one Common Share of the...
2017-04-05 10:50 AM EDT