District Metals Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for District Metals Corp
Perm ID: 1-4296116277
https://www.districtmetals.com/
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District Provides Drilling Update on the Tomtebo Property in Sweden
District Metals reports drill results at Sweden's Tomtebo Property, including mineralization and high-grade zones, with ongoing exploration at Kvistaberget targeting VMS mineralization.
District Intersects 11.0 m at 5.8% Zn, 1.1% Pb, 20 g/t Ag on the Stollberg Property
District Metals Corp. reports drill results from five holes at the Stollberg Property in Sweden, as part of a collaboration with Boliden Mineral AB. The drilling, totaling 2,438 m, enhances understanding of the area's geology and mineralization, similar to Garpenberg Mine.
District Receives Exemptive Relief from Canadian Securities Regulators in Connection with Listing on the Nasdaq First North Growth Market in Sweden
District Metals Corp. has received exemptive relief from Canadian securities regulators, allowing it to continue as a "venture issuer" despite its listing on Nasdaq First North. This relief eases compliance with various reporting requirements.
District to Participate in Capital Markets Day on Thursday, March 13th
District Metals Corp. invites investors to a live presentation and Q&A on March 13, 2025, led by CEO Garrett Ainsworth, focusing on their exploration and development efforts in Sweden. The event will be streamed on YouTube and is open to all without registration.
District Announces Q2 2025 Results
District Metals Corp. reports financial results for the periods ended December 31, 2024, highlighting ongoing mineral exploration, a $3 million exploration budget, and the acquisition of a 2% NSR Royalty for the Viken deposit. They also began trading SDRs on Nasdaq.
District Receives TSX-Venture 50(TM) Award
District Metals Corp. has been recognized as a Top 50 company for 2024 by the TSX-Venture Exchange, reflecting strong market performance based on growth, share price, and trading volume. CEO Garrett Ainsworth emphasizes the team's hard work and commitment to future success.
District and Boliden Joint Technical Committee Approve 2025 Exploration Budget on the Tomtebo and Stollberg Properties and Commence Drilling at the Tomtebo Property in Sweden
District Metals Corp. has increased its 2025 exploration budget to CDN$3.0M for the Tomtebo and Stollberg Properties, marking a 50% rise from 2024. The funds will support geological mapping, sampling, and core drilling to assess high-grade mineralization in Sweden.
District Commences Updated National Instrument 43-101 Mineral Resource Estimate on the Viken Energy Metals Deposit in Sweden
District Metals Corp. has engaged P&E Mining Consultants to prepare a new resource estimate for the Viken Energy Metals Deposit in Sweden, updating historical estimates and incorporating recent data to support future economic assessments and development efforts.
District Closes Acquisition of the 2.0% NSR Royalty on the Viken Energy Metals Deposit in Sweden
District Metals Corp. has completed the acquisition of a 2.0% NSR royalty on four mineral licenses for the Viken Deposit in Sweden, eliminating all royalties. The purchase involved issuing 500,000 common shares. The deposit is significant for energy metals and agriculture.
District to Commence Trading on Nasdaq First North Growth Market in Sweden
District Metals Corp. has received approval for its listing on Nasdaq First North, with trading starting January 23, 2025, under "DMXSE SDB." The company emphasizes the significance of exploration in Sweden, especially for critical materials like vanadium and uranium.
District Publishes Company Description in Connection with Listing on the Nasdaq First North Growth Market in Sweden
District Metals Corp. has received approval for trading its depositary receipts on Nasdaq First North, with the first trading day set for January 23, 2025, pending conditions. The Company Description, outlining business details and governance, is now available but is not a prospectus.
District Signs Definitive Agreement to Acquire 2.0% NSR Royalty on Viken Energy Metals Deposit in Sweden
District Metals Corp. has entered into a royalty purchase agreement to acquire a 2.0% NSR royalty on its Viken Deposit in Sweden, making it royalty-free. The purchase involves issuing 500,000 shares and is pending TSXV approval. The Viken Deposit contains critical energy metals.
District Comments on Uranium Mining Announcement from the Swedish Government
District Metals Corp. announces that the Swedish Government plans to lift the uranium mining moratorium established in 2018, following a rapid inquiry. The ban will be overturned, and uranium will be regulated under the Minerals Act, with legislative changes expected by January 2026.
District Receives Conditional Approval from the Nasdaq First North Growth Market in Sweden
District Metals Corp. has received conditional approval to list its Swedish depository receipts on Nasdaq First North, pending certain conditions. The approval would change its status under Canadian securities laws, and the company seeks exemptive relief to maintain its "venture issuer" status.
District Reports Voting Results from its Annual General and Special Meeting of Shareholders
District Metals Corp. held its annual meeting on December 12, 2024, where shareholders approved all resolutions, including the election of directors, the appointment of auditors, and the adoption of a new Omnibus Incentive Plan, with significant majority support.
District Provides Corporate Update
District Metals Corp., based in Vancouver, plans to list its shares on the Nasdaq First North Growth Market in Sweden by the end of 2024. The company owns the second largest exploration land package in Sweden, including the Viken Property, known for its vast deposits of various metals. Other holdings include four prospective uranium polymetallic properties and the Tomtebo Property, noted for its potential for base metals polymetallic sulphide mineralization. An exploration partnership with Boliden Mineral AB was announced in 2023, with a drill program at the jointly-owned Stollberg Property recently initiated.
District Applies to List on the Nasdaq First North Growth Market in Sweden
District Metals Corp. is planning to apply for a secondary listing of its shares on the Nasdaq First North Growth Market in Sweden by the end of 2024. This decision comes after an increase in the number of Swedish shareholders in the company. The move is expected to increase trading liquidity and provide greater exposure to analysts and investors. The company attributes the interest from Sweden to the potential lifting of the country's uranium mining moratorium, District's extensive Swedish uranium project portfolio, and its collaboration with Boliden Minerals AB on properties in Sweden.
District Provides Update on the Uranium Moratorium in Sweden
District Metals Corp. highlighted the importance of the recent Swedish Parliament meeting records for its 100% owned Viken Energy Metals Deposit in Sweden. The company anticipates the Swedish Government's intention to lift the uranium moratorium, which could reinstate uranium mining and exploration in the country. In the recent parliament meetings, the Minister of the Environment reiterated Sweden's commitment to nuclear power as a low-emission technology and expressed intentions to change the current legislation that treats uranium as waste.
Technical Analysis
Articles
District Metals Corp Presentation Update - 2025-05-01 - Minimal Update to...
The report has minor updates with no material changes to financial data, resource estimates, or strategic info, keeping the overall outlook and valuation intact.
District Metals Corp Presentation Update - 2025-04-29 - Significant Reclassification of...
District Metals reclassified Viken as the world's largest undeveloped uranium deposit, updated its 2025 resource estimate, and revised project timelines, removing outdated data.
