DNI Metals Inc. . Cougar - Settlement Agreement DNI signed a settlement agreement reached with Cougar Metals on September 24, 2018: Details of the Settlement: DNI will pay to Cougar: Eight quarterly payments of C$250,000, starting 6 months from the settlement date or 14 days after DNI's next successful financing; and Two additional payments of C$250,000 will be made in addition to the third and fourth quarterly payments [...]
DNI Metals Inc. . Extension and Re-Pricing of Warrants DNI has the following wts that were due to expire: Date # of wts Exercise Price March 29, 2019 11,746,595 $0.16 April 5, 2019 9,784,890 $0.16 DNI's Board had decided to extend the wts to April 19, 2019 and repriced them to $.05. DNI's didn't realize that April 19, 2019, is good Friday and businesses are closed in Canada. DNI's Board has decided to extend the wt offer [...]
DNI Metals Inc. is very pleased to announce the results of its initial National Instrument 43-101 Mineral Resource Estimate for its Vohitsara Graphite deposit in Madagascar. Highlights are as follows: Main Zone: Inferred Mineral Resources of 4 Million tonnes at 5% Graphitic Carbon, using a 3% GC Cut-Off Grade Base Case Potential for further growth along north-south strike length A saprolitic deposit is easier to mine and [...]
DNI Metals Inc. is pleased to provide the following update: Extension and Re-Pricing of Warrants DNI has the following wts expiring over the next few weeks: Date # of wts Exercise Price March 29, 2019 11,746,595 $0.16 April 5, 2019 9,784,890 $0.16 DNI's Board has decided to extend the wts to April 19, 2019 and repriced them to $.05. In order to exercise such warrants at the reduced exercise price of $0.05 per share, a [...]
DNI Metals Inc. is pleased to provide the following update: Environmental Licenses The Public consultation meetings for DNI's Vohitsara and Marofody projects were held on February 22nd and 23rd. DNI and the Office National pour l'Environnement Madagascar, , completed two days of technical reviews at Vohitsara and Marofody properties on December 6 and 7. As per DNI's press releases on November 8 and 20, 2018 the ONE must [...]
DNI Metals Inc. is pleased to announce the results of its annual meeting held December 20, 2018. The following matters of business were conducted: 1. The presentation of the financial statements. 2. The election of 3 directors. 3. The re-appointment of UHY McGovern Hurley LLP as the Corporation's auditors. 4. The change of the Corporation's financial year end from March 31 to December 31. 5. The special resolution [...]
DNI Metals Inc. DNI's focus is Graphite in Madagascar, but due to the increase in certain battery metals pricing including the value of Vanadium, V2O5, from $5.89*per pound, in 2014, to over U$27.50 the increase of Cobalt, Co, from U$14.38* per pound, in 2013, to over U$25.06, the increase in Lithium, Li2CO3, from U$ 2.82* per pound to over U$30.00, DNI Metals Inc., is pleased to announce that a number of parties have [...]
DNI Metals Inc. , Environmental Licenses DNI and the Office National pour l'Environnement Madagascar, , completed two days of technical reviews at Vohitsara and Marofody properties on December 6 and 7. As per DNI's press releases on November 8 and 20, 2018 the ONE must complete two site visits, a Technical review, and a Public consultation. The ONE group comprised of a panel of four people, from the following government [...]
DNI Metals Inc.; Environmental Licenses DNI has properly filed the documents for its 100% owned Vohitsara and Marofody graphite properties. The documents were signed off by the Director General, "DG", of the Mines Ministry, on Friday November 16, 2018, and were filed with the Office National pour l'Environnement Madagascar, , yesterday. All fees were properly invoiced, and the fees were directly wired to the ONE on Monday [...]
DNI Metals Inc. , Environmental Licenses DNI has put together all the information needed to properly file the documents for the Vohitsara and Marofody properties. The documents must be signed off by the Director General, "DG", of the Mines Ministry. These documents are with the DG now. Vohitsara: These documents were filed with the Office National pour l'Environnement Madagascar, ONE, in December of 2017, but the proper [...]
DNI Metals Inc. , is pleased to announce that it has signed a settlement agreement with Cougar Metals NL . In light of the Settlement, the arbitration initiated by Cougar against DNI scheduled to be heard from September 24-28, 2018 will not proceed. The Settlement brings the arbitration with Cougar to an end and provides needed certainty to the Company and its shareholders. The Settlement will allow DNI to move forward [...]
Toronto, Ontario / TheNewswire / September 24, 2018) DNI Metals Inc. , is pleased to announce that it has signed a settlement agreement with Cougar Metals NL . In light of the Settlement, the arbitration initiated by Cougar against DNI scheduled to be heard from September 24-28, 2018 will not proceed. The Settlement brings the arbitration with Cougar to an end and provides needed certainty to the Company and its [...]