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District Metals Corp. (DMXCF) generates a steady stream of news related to uranium and polymetallic exploration and development in Sweden. As a basic materials issuer focused on the Viken Energy Metals Deposit and a portfolio of Alum Shale and polymetallic properties, the company’s updates often center on technical milestones, regulatory developments, and corporate initiatives that shape its project pipeline.
News coverage for District Metals commonly includes announcements about exploration programs at the Viken Property and the Alum Shale Properties, such as airborne Mobile Magnetotelluric (MobileMT) surveys, identification of large conductive anomalies interpreted as Alum Shale, and plans for drilling campaigns to test high-priority targets. The company also reports on fieldwork programs involving geological mapping, prospecting, and geochemical sampling at properties like Ardnasvarre, Sågtjärn, and Nianfors.
Investors following DMXCF news will also see updates on changes in Sweden’s uranium regulatory framework, including the repeal of the moratorium on uranium exploration and mining and the introduction of legislation permitting uranium exploration and extraction under the Swedish Minerals Act. District Metals has issued detailed commentary on these policy shifts and their relevance to its uranium polymetallic projects.
Additional news items cover corporate and capital markets developments, such as the company’s upgrade to the OTCQX Best Market in the United States, recognition as a 2025 TSX Venture 50 company, shareholder meeting results, and engagements with research and investor relations firms to expand market awareness. For a comprehensive view of DMXCF, readers can use this news page to track exploration results, technical studies, regulatory updates, and corporate actions that influence the company’s Swedish-focused portfolio over time.
District Metals (OTCQX: DMXCF) outlined its 2026 exploration and development program for uranium assets in Sweden, centered on advancing the Viken Property.
Key actions include a NI 43-101 PEA by P&E with metallurgical work by METS targeted for Q2 2026, an Economic Impact Study by BDO due Q2–Q3 2026, 5,000–7,000 m of planned drilling to test MobileMT targets, and airborne MobileMT surveys after pending approvals. The company submitted mineral license applications totaling 72,078 hectares in late 2025. Additional field mapping and sampling at Ardnasvarre, Sågtjärn and Nianfors are planned for Q2–Q3 2026. Investor relations agreements were signed with Pareto Securities and Aktiespararnas with disclosed fees and holdings.
District Metals (OTCQX: DMXCF) applied for 11 new mineral licenses covering 72,078 hectares of Alum Shale in central to north-central Sweden, increasing its Alum Shale land package from 79,250 ha to 151,328 ha. Applications target airborne MobileMT anomalies and were registered with Bergsstaten, which is expected to decide in the coming weeks.
The company cites the large, shallow nature of Alum Shale deposits and references its 100% owned Viken Energy Metals Deposit and the Swedish government's Nov 5, 2025 approval to lift the uranium exploration and mining ban, with related legislation expected Jan 1, 2026.
District Metals (OTCQX: DMXCF) held its annual general meeting on December 10, 2025 in Vancouver. All resolutions were passed.
Board elections: Four directors — Garrett Ainsworth, Joanna Cameron, Jonathan Challis and Doug Ramshaw — were re-elected with 99.775% votes in favour (16,730,409 votes) and 0.225% withheld (37,759 votes) each.
Auditor: Davidson & Company LLP was appointed auditor for the coming year, with 99.772% support.
Stock option plan: The company’s incentive stock option plan was approved with 99.537% support. The Circular is available on SEDAR+ and the company website for full meeting details.
District Metals (OTCQX: DMXCF) reported airborne MobileMT survey results over its 100%‑owned Malgomaj alum shale licences in Västerbotten County, Sweden on December 2, 2025. The survey (≈37,132 hectares; 1,255 line km) outlined six low‑resistivity conductive anomalies, including Target A (20.4 km by up to 5.4 km) and Target B (17.7 km by up to 4.1 km) interpreted as alum shale. The company filed for an adjacent mineral licence to cover potential anomaly extensions and links these signatures to the company’s Viken MobileMT signature. The release notes Sweden approved lifting the uranium exploration ban (decision Nov 5, 2025) with legislation expected by Jan 1, 2026.
District Metals (OTCQX: DMXCF) reported results for the three months ended September 30, 2025 and provided a financial and operational update.
Key points: The Swedish Parliament repealed the 2018 moratorium on uranium exploration and mining on November 5, 2025, with new legislation effective January 1, 2026, enabling uranium exploration in Sweden. District said it is evaluating 2026 plans to advance exploration at its Swedish uranium properties, potentially including fieldwork, airborne geophysics, drilling, and an economic study of the Viken Deposit. The company held $9.237 million in cash and cash equivalents at September 30, 2025. District plans to release results for the three and six months ended December 31, 2025 on February 27, 2026.
District Metals (OTCQX: DMXCF) launched a new website for its wholly owned Swedish subsidiary, Bergslagen Metals AB, on November 19, 2025. The site is designed as a public hub for information on mineral exploration, governance, environmental stewardship, and community engagement, and includes a dedicated Q&A section. The site provides a confidential contact channel for community members, landowners, and stakeholders to submit questions, feedback, or concerns.
Management says the site supports transparency, social license-building, and collaborative engagement as part of the company’s exploration activities in Sweden and contribution to critical raw materials for Europe’s energy transition. The website is live at www.bergslagenmetals.com.
District Metals (OTCQX: DMXCF) reported airborne MobileMT results from its 100%‑owned Tåsjö nr 101–108 mineral licenses in Jämtland and Västerbotten, Sweden. The survey covered ~34,300 hectares and 1,391 line‑km at 400m spacing and outlined eight low‑resistivity (highly conductive) anomalies (Targets A–H) that match the MobileMT signature observed at the Viken Deposit.
The company filed applications for adjacent mineral licences to cover possible extensions and noted Sweden approved lifting the uranium exploration ban on Nov 5, 2025, with related legislation expected Jan 1, 2026. These results aim to advance drill‑ready target definition within District's ~79,250 hectare Alum Shale holdings.
District Metals (OTCQX: DMXCF) announced on November 12, 2025 that its common shares have been upgraded from the OTCQB Market to the OTCQX Best Market and now trade under the ticker DMXCF.
The company will continue trading on the TSX Venture Exchange under DMX and on Nasdaq First North Growth Market under DMXSE. The OTCQX designation signals the company met higher financial reporting, corporate governance and compliance standards and is intended to enhance visibility and accessibility to U.S. investors.
District Metals (OTCQB: DMXCF) said the Swedish Parliament voted on November 5, 2025 to repeal the 2018 uranium moratorium and approve legislation that permits uranium exploration and mining effective January 1, 2026. The law classifies uranium as a concession mineral, repeals or amends the Environmental Code prohibition, and keeps technical safeguards including oversight by the Swedish Radiation Safety Authority and environmental impact assessments.
District noted it updated the Viken Energy Metals Deposit mineral resource estimate on April 29, 2025 and completed airborne geophysical surveys across its uranium polymetallic properties; the company said it plans fieldwork, additional geophysics, drilling and an economic study in 2026.
Swedish bedrock is estimated to host ~27% of Europe’s known uranium resources.
District Metals (OTCQB: DMXCF) reported MobileMT survey results over the Österkälen property (Jämtland, Sweden) that outline an 8 km by up to 3.5 km low-resistivity (highly conductive) anomaly interpreted as Alum Shale.
The survey covered ~7,800 hectares at Österkälen and ~291 line-km at 400 m spacing; District has applied for an adjacent mineral license to cover the anomaly extension. Results are said to match the MobileMT signature at the Company’s Viken deposit. A government moratorium on uranium exploration currently exists but is intended to be abolished as of January 1, 2026.
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