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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 (OTCQB: DMXCF) reported results from a UAV radiometric and magnetic survey at its 100% owned Ardnasvarre Property in Norrbottens County, Sweden (Oct 15, 2025). The survey identified strong, extensive uraniferous radiometric anomalies tied to boulder trains sourced from the Viepsajokk and Labbas occurrences, and a magnetic low trough at Labbas that extends beyond historical drilling.
Historic data include a polygon estimate of 86,478 tonnes at 0.12% U3O8 and a 2008 hole of 7.0 m @ 0.17% U3O8. Viepsajokk remains undrilled. A national moratorium on uranium exploration in Sweden remains in place but the government intends to abolish it as of Jan 1, 2026.
District Metals Corp. (OTCQB: DMXCF) has announced positive results from its airborne Mobile Magnetotelluric (MobileMT) survey at the 100% owned Viken Energy Metals Property in Sweden. The survey successfully identified large-scale low resistivity anomalies correlating with the Viken Deposit, which contains the world's largest undeveloped uranium mineral resource.
The comprehensive survey, covering 2,350 line kilometers at 200-meter spacing, revealed several additional large-scale anomalies outside the Viken Deposit, with Target Areas A, B, and C showing larger and stronger responses than the main deposit. The Viken Property, spanning 37,211 hectares, shows potential to host multiple deposits containing uranium, vanadium, molybdenum, nickel, copper, zinc, and other critical raw materials.
The company plans to conduct a Preliminary Economic Assessment pending the anticipated lifting of Sweden's uranium moratorium, expected on January 1, 2026.
District Metals (OTCQB: DMXCF) has completed a detailed UAV radiometric and magnetic survey at its 100% owned Nianfors Property in Sweden, leading to significant discoveries and property expansion. The survey successfully confirmed known uranium-molybdenum-REE polymetallic occurrences and identified new target areas.
At the Majsaberget occurrence, which historically documented 889 uraniferous boulders with assays up to 1.4% U3O8, the survey detected strong uraniferous radiometric responses. Notably, a new high-intensity uraniferous anomaly approximately 50% stronger than Majsaberget was discovered along the eastern boundary, prompting the company to apply for an additional mineral license (Nianfors nr 103).
The Majsaberget occurrence was historically estimated to contain at least 12,998,896 lbs U3O8 grading 0.07-0.14% U3O8, though this estimate is not compliant with current standards.
District Metals (OTCQB: DMXCF) has completed a detailed UAV radiometric and magnetic survey at its Sågtjärn Property in Sweden, leading to an expansion of its land position. The survey successfully confirmed existing uranium-molybdenum-rare earth elements (REEs) polymetallic occurrences and identified new target areas.
The Sågtjärn Property contains the Sågtjärn Uranium Deposit, which has a historical inferred resource of 756,000 tonnes grading 0.068% U3O8 (1,137,585 lbs of U3O8). Notable historical drill results include intersections of 8.7m at 0.13% U3O8 and 7.0m at 0.18% U3O8.
The company notes that while uranium serves as a geochemical pathfinder for valuable mineral deposits, there is currently a moratorium on uranium exploration in Sweden, which the Government intends to abolish as of January 1, 2026.
District Metals (OTCQB: DMXCF) announces that the Swedish Government plans to submit a Legislative Proposal to Parliament in Q4 2025 to remove the current ban on uranium mining. If approved, the new legislation will take effect on January 1, 2026, allowing uranium exploration and extraction under the Swedish Minerals Act.
The announcement follows a government inquiry concluded in December 2024 and a submission to the Council on Legislation in June 2025. The proposed changes would enable applications for exploration permits and processing concessions for uranium under specific conditions, treating uranium similarly to other metals and minerals under the Minerals Act.
District Metals (OTCQB:DMXCF) announced that Boliden Mineral AB has terminated their earn-in and joint venture agreement on the Tomtebo and Stollberg base metal polymetallic properties in Sweden. The original agreement from October 2023 would have allowed Boliden to earn up to 85% interest in Tomtebo through CAD$10 million in exploration expenditures over four years.
Following the termination, District Metals will retain 100% ownership of the Tomtebo Property, while Boliden keeps full ownership of the Stollberg Property. Boliden will maintain the Tomtebo Property in good standing during the 90-day termination notice period and fulfill all contractual obligations.
District Metals (OTCQB: DMXCF) has reported significant drill assay results from its Tomtebo Property in Sweden's Bergslagen Mining District. The most notable intersection from the February-April 2025 drilling program was 7.85 meters at 88 g/t silver, 3.0% zinc, and 1.9% lead in hole TOM-25-045.
The 2,485-meter drilling program, conducted in collaboration with Boliden Mineral AB, focused on the Steffenburgs zone and Kvistaberget target. Key findings include multiple zones of mineralization in TOM-25-044, including 13.0 meters at 36 g/t Ag, 2.0% Zn and 0.8% Pb. Down-hole electromagnetic surveys revealed multiple off-hole conductors, suggesting potential sulphide mineralization.
The company plans to commence drilling at the historic Lövås Mine in September 2025, followed by additional drilling at the Stollberg Property in Q4 2025.
District Metals (OTCQB: DMXCF) has engaged MWH Geo-Surveys International to conduct detailed UAV radiometric and magnetic surveys at its Ardnasvarre, Sågtjärn, and Nianfors Properties in Sweden. The survey will cover approximately 1,942-, 755-, and 520-line kilometers respectively, using advanced equipment including a D230A Gamma-Ray Spectrometer and Geometrics MagArrow magnetometer.
The survey aims to identify uranium-rich areas through low-altitude flights with tight line spacing of 25 or 50 meters. The company will specifically target magnetic high anomalies associated with uraniferous radiometric "boulder trains" trending south to southeast, following the most recent glaciation direction.
District Metals (OTCQB:DMXCF) has announced several corporate updates. The company has amended change of control provisions for its executives, with key changes including two times annual compensation plus bonuses if terminated within 12 months of a change of control, and one times compensation plus bonus for termination without cause.
The company granted 3.3 million incentive stock options to directors, officers, and consultants, 925,000 restricted share units to officers, and 675,000 deferred share units to directors. Additionally, District received $1.43 million in proceeds from the exercise of 7,132,500 warrants in June 2025.
District Metals (OTCQB:DMXCF) has completed a helicopter-borne Mobile MagnetoTellurics System (MobileMT) survey at its Viken Property in Sweden. The survey, which began on June 3, 2025, has successfully mapped the mineralized Alum Shale host rock of the Viken Energy Metals Deposit.
The company has now moved the MobileMT system to its Alum Shale Properties where it will conduct approximately 2,700 line kilometers of surveying at 200-meter line spacing. The survey aims to identify potential mineralized Alum Shale for drilling confirmation, focusing on the shallowest and thickest parts of mineralized Alum Shale. Final results from the Viken Property survey are expected in Q3 2025.
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