DNI Metals Inc. announced the results of its NI-43-101 compliant resource study just completed which consolidates, updates and expands the inferred mineral resource at its Buckton Zone on its Alberta polymetallic black shale project. The Consolidated and Updated Buckton Mineral Resource Study successfully expands the inferred resource at the Buckton Zone to 3.49 billion short tons. This resource extends over approximately 14 square kilometres, and is hosted in two near-surface stacked black shale horizons which are mineralized with recoverable Mo-Ni-U-V-Zn-Co-Cu-Li-REEs-Y-Th-Sc and are partly exposed on surface.

The Buckton Zone is one of six mineralized systems, or zones, identified on DNI's 2,720 square kilometre Property in northeast Alberta. The inferred resource being announced is based on a $10/tonne base cut-off and represents all mineralized tonnages that are under less than 75m of overburden cover, consisting of an upper, lower-grade, horizon hosted in Labiche Formation, which directly overlies a higher-grading horizon hosted in Second White Speckled Shale Formation. The two Formations together comprise a wedge of mineralized black shale, ranging approximately 13m-140m thick, extending westward from the point where they are exposed on surface along the eastern erosional edge of the Birch Mountains to a point where overburden cover above the uppermost resource blocks in the Labiche shale thickens to more than 75m.