Today: November 17, 2018, 6:38 pm
  
Industries

DNI Metals Update - Preparing for the Future

PR-Inside.com: 2018-11-08 15:13:17
TORONTO, ON / ACCESSWIRE / November 8, 2018 / DNI Metals Inc. (CSE: DNI; OTC PINK: DMNKF) ("DNI" or the "Company"),


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 capex calculation was not completed, and the proper fees were not paid.


As per our environmental impact study and the Cahier de Charges Minieres, DNI will file for the production of 15,000 tonnes of graphite per year. The pilot plant will be capable of 5-6,000 tonnes of graphite per year. When DNI builds its commercial plant, it will not have to re-apply or file additional information. DNI is preparing for the future.


Marofody:


These documents have been prepared and will be filed at the ONE, along with the revised Vohitsara documents. As we noted in our press release last week, through an ongoing investigation, the Office National pour l'Environnement Madagascar, has determined and informed DNI that the many of the receipts and documents were falsified, and that the fee payments had not been paid. In fact the cahierd'charge and the environmental impact study for Marofody had not been filed with the ONE.


The procedures from the Malagasy Office National Pour L'Environnement, "ONE", National Environmental Office state the following:


Un permisenvironnemental est délivre par l'ONE à la suite d'une évaluation favorable de l'EIE (pour un délai légal de 60 jours)


Translation: An environmental license will be issued by the ONE following a favorable evaluation of the EIA, legally the ONE must complete this within 60 days.


The ONE will need to visit the properties twice. DNI is hoping to complete this within the 60 days.


OFFICE NATIONAL POUR L'ENVIRONNEMENT


NOTES SUR LES PROCEDURES MECIE (EIE)


Le dossier est dépose, contre accuse de réception, auprès de l'ONE.


Le promoteur contribue aux frais d'évaluation de l'EIE (art. 14 nouveau) selon le niveau de son imiestissement, aux barèmes suivants :


0,5%du montant de l'investissement matériel lorsque celui-ci est inferieur a 2 milliards de ARIARY


2 millions de ARIARY majores de 0,4% du montant de l'investissement matériel lorsque celui-ci est compris entre 2 milliards et 5 milliards de ARIARY


7 millions de ARIARY majores de 0,3% du montant de l'investissement matériel lorsque celui-ci est compris entre 5 milliards et 25 milliards de ARIARY


32 millions de ARIARY majores de 0,2% du montant de l'investissement matériel lorsque celui-ci est compris entre 25 milliards et 50 milliards de ARIARY


82 millions de ARIARY majores de 0,1% du montant de l'investissement matériel lorsque celui-ci est supérieur a 50 milliards de ARIARY


Les frais d'évaluation sont versés par l'investisseur a un compte spécial ouvert à cet effet par l'ONE et acquittes avant toute évaluation environnementale de l'investissement.


Mode de paiement:


Virement bancaire


Remise de chèque : Cheque barre libelle au nom de !'Office National pour I' Environnement.


Un permisenvironnemental est délivre par l'ONE à la suite d'une évaluation favorable de l'EIE (pour un délai légal de 60 jours)


New Madagascar Team - In Place


Dan Weir, the CEO of DNI, has taken charge of all of DNI's Madagascar operations which includes, but is not limited to, obtaining the environmental licenses for its Vohitsara and Marofody properties. The new team, which includes inhouse legal counsel, government relations personal, an office manager, and a CSR consultant.


As DNI constructs its pilot plant and ultimately larger scale production, additional team members will be required.


Annual Meeting


DNI has set its annual and special meeting date for December 20, 2018.


The Record date is November 19, 2018.


Resolutions will include:


Election of Directors

Appointment of Auditors

Changing Financial Year End to December 31, to match the Malagasy and Mauritian subsidiary companies.

Continuing DNI as a Canadian company under the Canada Business Corporations Act, from its current domicile as a Quebec company.


As DNI moves towards building its pilot plant and ultimately a commercial plant, Paul Hart and Brian Howlett have decided not to stand for re-election to the Board. DNI will bring additional technical and sales oriented people to the board. Brian and Paul have decided to step down effective today. DNI would like to thank both Brian and Paul for their support, and wish them all the best in their future endeavours.


DNI's board will consist of the following:


John Carter Director Process Engineer


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 Timcal Inc., currently the largest natural graphite mining company in North America. John has built over 200 mineral processing plants around the world, including 3 graphite processing plants.


Keith Minty Director Mining Engineer, MBA


Keith has more than 30 years professional experience in mineral resource exploration and development in precious and base metals, industrial minerals. Mr. Minty obtained extensive graphite technical and operating experience at both North Coast Industries (now Northern Graphite Corporation) Bissett Creek Graphite and Cal Graphite Corporation (now Ontario Graphite Inc.) Kearney graphite mine and has experience of in the development of several past and new Sri Lanka graphite projects. Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations and is knowledgeable of the political and social requirements associated with Madagascar project development and operations.


Daniel J. Weir Chairman CEO, President


Dan has worked for over 20 years at some of the top financial firms in Canada. He worked as an Institutional Equity Trader, and as a broker he managed over $500 million. Before joining DNI in Nov

Press Information


Published by
Fred Gautreau
14037173898
e-mail
www.fscwire.com



# 957 Words
Related Articles
More From The Author
International Cannabrands Challenges Current Estimates of [..]
CALGARY, AB / ACCESSWIRE / November 8, 2018 / International Cannabrands Inc. (CSE: JUJU) (the "Company") is pleased to [..]
Alliance Family of Companies, LLC Makes Inc [..]
DALLAS, TX / ACCESSWIRE / November 8, 2018 / Justin Magnuson, Co-founder and Chief Executive Officer of the Alliance Family [..]
Nonprofits Save on ID Cards with InstantCard [..]
Hundreds Cut Costs, Streamline Employee ID Card Ordering ROCKVILLE, MD / ACCESSWIRE / November 8, 2018 / Nonprofits can't afford [..]
AmeriCann Comments on Midterm Election Results, Attorney [..]
Three New States Legalize Cannabis, the Resignation of Jeff Sessions and the Change in Control of the House of Representatives [..]
Preferred Dental Technologies Inc. (“Company”) (CSE: [..]
VANCOUVER, BC / ACCESSWIRE / November 8, 2018 / With sales efforts for our 'PDTWellness' line of organic, full spectrum, [..]
 
More From Industries
NEXT Future Transportation unveils its autonomous Parcel [..]
- Further reveals world's first Modular Mobile Parcel Locker SAN JOSE, CA, Sept 13, 2018 - (ACN Newswire) - NEXT [..]
Tarps Now Continues Rapid Growth with Expansion [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Based upon rapid sales growth and best of breed customer service, Tarps Now® has [..]
Tarps Now Announces Expanded Offerings of Premium [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce the release of new lines of Mesh Tarps [..]
What Kind of Machinery Can Make the [..]
The question which pops up in our mind when we first hear the word Pocket Spring Mattress is; what are [..]
Automatic Mattress Pocket Spring Production Line
Most of us aren’t familiar with the name of Pocket Spring Mattresses, mainly because they are new in the market [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.