ASX listed Cougar Metals released an update on its Agreement with DNI Metals over the Vohitsara Graphite Project in Madagascar, in response to a Notice of Default issued by DNI Metals. Cougar advised it will elect to refer the alleged defaults to arbitration, as per the Agreement with DNI, and also detailed alleged misconduct on the part of DNI management. Cougar's Managing Director, Mr. Randal Swick stated: "Cougar is [...]
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 include 3000 meters of drilling completed by Cougar by June 30th. 2017. Despite [...]
TORONTO, ON / ACCESSWIRE / January 26, 2017 / DNI Metals Inc. (CSE: DNI) ("DNI" or the "Company"): Certain, advisors and directors of DNI have built and worked at historical mines in Canada (Ontario and Quebec) and Australia. They built three graphite processing plants and designed two others, all which were shut down in the 1990's due to increased Chinese competition. It was our team's understanding of the high [...]
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