DNI Metals Receives Full Commercial Mining License for Vohitsara Graphite Project

DNI Metals Inc. (TSXV:DNI) announced that it’s been granted a full commercial mining license (PE) for its Madagascar-based Vohitsara graphite project.
According to the company, the PE allows the company to begin full commercial production once it’s completed the required environmental impact and social responsibility studies and obligations.
As quoted in the press release:

Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI’s Mining (PE) Licence has a term of 40 years and is fully renewable.

Dan Weir, CEO of DNI Metals, commented:

We were attracted to Madagascar because it is known for its Large Flake, High Quality Graphite and because Madagascar has a world-class Mining Code.  Additionally, the area in which our Project is located contains excellent infrastructure and port facilities and the mineralisation itself is hosted in soft ‘free-dig’ material that greatly facilitates commercial extraction and processing.
Having a full commercial mining permit at this stage gives DNI a significant advantage to advance its graphite production plans in Madagascar.

Click here to read the full DNI Metals Inc. (TSXV:DNI) press release.