Welcome to our dedicated page for District Metals news (Ticker: DMXCF), a resource for investors and traders seeking the latest updates and insights on District Metals stock.
District Metals Corp. (DMXCF) is a polymetallic exploration leader focused on advancing high-potential uranium-vanadium and base metals projects in Sweden's proven mining districts. This page provides investors and industry observers with direct access to official company announcements, technical updates, and strategic developments.
Discover timely updates on drilling programs, resource estimates, and partnerships that shape DMXCF's progress in Sweden's mineral-rich regions. Our curated news collection includes press releases on exploration results, regulatory filings, and corporate milestones, all organized for efficient tracking of the company's scientifically driven approach.
Key content categories include exploration results from flagship properties like Viken and Tomtebo, technical partnership announcements, and compliance updates reflecting NI 43-101 standards. Bookmark this page to stay informed about DMXCF's systematic approach to resource discovery in one of Europe's most active mining jurisdictions.
District Metals announces a major milestone with its Viken Energy Metals Deposit in Sweden, confirming it as the world's second-largest uranium deposit. The new NI 43-101 compliant resource estimate reveals 4.3 billion tonnes of inferred resources at 161 ppm U3O8, containing 1.5 billion pounds of uranium oxide.
The deposit also holds significant amounts of critical raw materials essential for the green energy transition, including vanadium oxide, molybdenum, nickel, copper, and zinc. The indicated resource stands at 456 million tonnes with 175 ppm U3O8.
CEO Garrett Ainsworth highlights the deposit's strategic importance for Sweden, Europe, and global clean energy initiatives. The company plans to focus on smaller-scale mining operations to optimize economics and maintain social license. A decision on a Preliminary Economic Assessment is expected in Q4 2025, pending the Swedish Government's proposal to lift the current uranium mining ban.
District Metals Corp. (DMXCF) has provided an update on its drilling program at the Tomtebo Property in Sweden's Bergslagen Mining District. The company has completed 1,712.5m of drilling across three holes at the Steffenburgs zone, with drilling now moved to the previously untested Kvistaberget target located 5km northeast of the historic Tomtebo Mine.
Key findings include:
- Drill hole TOM22-038 intersected 18.9m of mineralization from 498.7 to 517.6m
- TOM25-044 revealed multiple zones including 26.0m and 46.0m of mineralization
- TOM25-045 showed 7.85m of mineralization with multiple BHEM anomalies
The company plans 700-1,000m of additional drilling at Kvistaberget to test a geophysical SkyTEM conductive anomaly. Under a recent agreement with Boliden, District Metals can earn up to 85% interest in the Tomtebo Property. Assay results are expected in late Q2 2025.
District Metals Corp. (DMXCF) has reported significant drill results from its Fall 2024 program at the Stollberg Property in Sweden's Bergslagen Mining District. The program, conducted in collaboration with Boliden Mineral AB, completed 2,438 meters across five drill holes near the historic Gränsgruvan Mine.
Key intersections include:
- Hole GRAGR-152: 28.00m at 3.68% Zn, 0.70% Pb, 23 g/t Ag
- Hole GRAGR-154: 9.85m at 4.52% Zn, 2.44% Pb, 21 g/t Ag
The drilling program revealed that the mine stratigraphy is tightly folded, with mineralization occurring as massive to semi-massive polymetallic sulphide lenses. Down-hole electromagnetic surveys showed multiple off-hole conductors in all drill holes, suggesting potential sulphide mineralization. The property shows similar characteristics to Boliden's operating Garpenberg Mine, located 50km east.
District Metals Corp (TSXV: DMX, OTCQB: DMXCF) has received important exemptive relief from Canadian securities regulators, effective March 14, 2025. This decision allows the company to maintain its 'venture issuer' status despite listing depositary receipts on the Nasdaq First North Growth Market in Sweden.
The exemption grants relief from various reporting requirements under multiple National Instruments, including:
- General Prospectus Requirements (41-101)
- Continuous Disclosure Obligations (51-102)
- Acceptable Accounting Principles and Auditing Standards (52-107)
- Certification of Disclosure in Issuer's Filings (52-109)
- Audit Committees (52-110)
- Corporate Governance Practices Disclosure (58-101)
The relief is subject to ongoing conditions specified in the Decision, which can be accessed on the British Columbia Securities Commission website.
District Metals Corp. (TSXV: DMX, OTCQB: DMXCF) has announced its participation in an upcoming Capital Markets Day on Thursday, March 13th, 2025. The event, organized by Analyst Group with Börskollen as the media partner, will feature a company presentation and Q&A session.
CEO and President Garrett Ainsworth will deliver the presentation at 09:05 CET. The event will be streamed live on Direkt Studios' YouTube channel and Börskollen's website, with no registration required for viewers. The presentation will remain available for replay on Direkt Studios' YouTube channel after the event.
District Metals Corp. (TSXV: DMX) has been awarded Top 50 status for 2024 by the TSX-Venture Exchange. The recognition is based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume.
The TSX Venture 50™ award acknowledges the company's performance in mineral exploration, development, health, safety, environment, and social license. CEO Garrett Ainsworth highlighted this achievement as a reflection of the company's strategic planning, execution, and commitment to generating shareholder value.
District Metals Corp. (DMXCF) and Boliden Minerals have approved a CDN$3.0M exploration budget for the Tomtebo and Stollberg Properties in 2025, marking a 50% increase from 2024. The budget will be equally divided between both properties.
The company has initiated core drilling at the Tomtebo Property, with plans to drill 1,500 to 2,000m across three to four holes in the historic Tomtebo Mine area. The drilling program will explore the Steffenburgs zone, following up on previous successful results that showed 29.25m at 0.95% Cu, 0.67 g/t Au, 1.6% Zn, 0.8% Pb and 30 g/t Ag.
Additional drilling is planned for the Kvistaberget and historic Lövås Mine target areas later in 2025, pending permits. The Lövås Mine, previously worked to a 190m depth, shows potential for base metal polymetallic mineralization along strike and depth.
District Metals Corp. (TSXV: DMX) has engaged P&E Mining Consultants Inc. to prepare an updated National Instrument 43-101 compliant resource estimate for the Viken Energy Metals Deposit in Sweden. The new estimate will focus on multiple metals including vanadium, potash, uranium, molybdenum, nickel, zinc, and copper.
The update will develop a net smelter returns (NSR) cut-off value using recent metal prices and updated costs, revise geological interpretations, and include the latest metallurgical advances for the deposit's Alum Shale host rock. This initiative aims to identify priority areas for converting inferred resources to indicated status and potential resource growth.
The previous resource estimates from 2010 and 2014, completed by P&E for Continental Precious Minerals Inc., are now considered historical estimates under NI 43-101 standards. This update represents a important step toward a potential future Preliminary Economic Assessment of the Viken Deposit.
District Metals Corp. (DMXCF) has completed the acquisition of a 2.0% net smelter returns (NSR) royalty covering four mineral licences (Norra Leden, Norr Viken, Lill Viken, and Storviken) at the Viken Deposit in Sweden. The transaction was completed through the issuance of 500,000 common shares, subject to a 4-month hold period.
This acquisition follows the company's full consolidation of the Viken Energy Metals Deposit in January 2024, resulting in the deposit now being completely free of any NSR royalty. The Viken Deposit, located in Jämtland County, contains Alum Shales rich in critical energy metals including uranium, vanadium, nickel, molybdenum, copper, zinc, and rare earth elements. The deposit also shows potential for sulphate of potash production, which could benefit the agricultural sector in Sweden and Europe.
District Metals Corp. (DMXCF) has received approval for listing on the Nasdaq First North Growth Market, with trading of its depositary receipts (DMX SDRs) set to commence on January 23, 2025, under the symbol 'DMXSE SDB'. The company will maintain its TSX Venture Exchange listing under 'DMX'.
The timing aligns with Sweden's renewed focus on exploration and mining, particularly significant as the company's Viken Deposit is under review by the Geological Survey of Sweden as an area of national interest for its vanadium resources, classified as a critical raw material by the EU. The Swedish Government recently released an inquiry regarding potentially lifting the uranium ban.
District has also executed a definitive agreement to acquire the 2% NSR royalty on the Viken Deposit, which upon closing will make the deposit entirely royalty-free. The Nasdaq First North listing aims to expand the company's European presence, enhance trading volume, and improve visibility to European investors.
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