DNI Metals Inc. Announces Audited Consolidated Earnings Results for the Year Ended March 31, 2017
DNI Metals Inc. announced audited consolidated earnings results for the year ended March 31, 2017. For the year, the company reported graphite sales of CAD 178,080 compared to CAD 66,856 a year ago. Net loss and comprehensive loss was CAD 7,446,346 compared to CAD 972,216 a year ago. Basic and diluted net loss per share was CAD 0.19 compared to CAD 0.04 a year ago. Cash flows used in operating activities was CAD 206,728 compared to CAD 455,959 a year ago. Exploration and evaluation property expenditures were CAD 70,087 compared to CAD 192,708 a year ago.