District Metals Corp.
0.39
CAD
-0.02
(-4.88%)
District Metals Corp.
NEO:DMX
(Cboe Canada)
Recent
price
0.39
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ratio
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div
yld
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ROIC.AI
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- District Metals Corp. (TSX-V: DMX) is a Canada-based polymetallic mineral exploration and development company focused on advancing high-potential projects in Sweden; it acquires, explores, and evaluates mineral resource properties targeting uranium, vanadium, molybdenum, nickel, copper, zinc, silver, lead, gold, and associated critical raw materials within the Alum Shale Formation and Bergslagen Mining District. The company holds 100% interest in the flagship Viken Energy Metals Deposit in Jämtland County, central Sweden, which features an inferred mineral resource estimate of 4.3 billion tonnes grading 161 ppm U3O8 containing 1.5 billion pounds U3O8, alongside significant vanadium (2,543 ppm V2O5), molybdenum, nickel, copper, zinc, rare earth elements, phosphate, and potash resources; it also controls the Tomtebo polymetallic property (5,144 hectares) and associated Stollberg property in the prolific Bergslagen district near Boliden's Garpenberg and Zinkgruvan mines, hosting zinc-lead-silver-copper-gold mineralization with notable drill intercepts including 29.2 metres at 7.4% zinc equivalent and 8.2 metres at 10.3% zinc, 4.5% lead, 66 g/t silver; additional properties include Malgomaj, Tåsjö, Österkälen, Ardnasvarre, Nianfors, Sågtjärn, and others prospective for Alum Shale-hosted energy metals, with recent geophysical surveys identifying large airborne MobileMT anomalies. Operations span Sweden, with headquarters in Vancouver, British Columbia, Canada, originally incorporated in 1989 and renamed from MK2 Ventures Ltd. in July 2019. Recent developments include closing a $6 million private placement financing in May 2025 to fund exploration; announcing an upgraded inferred mineral resource for Viken in April 2025; receiving notice in August 2025 of Boliden's termination of the Tomtebo-Stollberg option agreement, reverting full control to District; launching a new website for Swedish subsidiary Bergslagen Metals AB in November 2025 to enhance community engagement; upgrading to OTCQX trading in November 2025; and conducting extensive 2025 airborne MobileMT, UAV radiometric, and magnetic surveys across multiple properties identifying high-priority targets, alongside filing an NI 43-101 technical report for Viken in June 2025 and selling its remaining Bakar property interest in Canada.
Company News
District Commences Drilling at the Österkälen Mineral License within the Alum Shale Properties in Sweden
District Receives Drill Permit for the Österkälen Mineral License at the Alum Shale Properties in Sweden