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District Metals Corp V.DMX

Alternate Symbol(s):  DMXCF

District Metals Corp. is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Company’s projects include Viken, Tomtebo-Stollberg, Gruvberget, Svardsjo, Alum Shale Properties, Ardnasvarre, Sagtjarn, Nianfors and Bakar. The Viken Property totals 37,211 hectares (ha) where the Viken nr one mineral license covers the majority of the polymetallic Viken Deposit. The Tomtebo covers an area of 5,144 ha and is located 175 kilometers (km) northwest from the capital city of Stockholm in Sweden. The Gruvberget covers an area of 5,286 ha and is located approximately 230 km northwest from the capital city of Stockholm in Sweden. The Svardsjo covers an area of 1,037 ha and is located approximately 200 km northwest from the capital city of Stockholm in Sweden. The Ardnasvarre nr one mineral license is located within the Arjeplog-Arvidsjaur uranium province. The Bakar Property is located on Northern Vancouver Island.


TSXV:DMX - Post by User

Post by Betteryear2on Jan 15, 2024 11:25am
143 Views
Post# 35826983

District Closes Acquisition

District Closes AcquisitionVancouver, British Columbia--(Newsfile Corp. - January 15, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that it has closed the acquisition of the remaining four mineral licences (Figure 1) covering the Viken energy metals Deposit located in Jmtland County, central Sweden, that the Company did not already control. The Company now controls 100% of the mineral licences comprising the Viken Deposit. The Viken Deposit is the largest undeveloped Alum Shale uranium-vanadium-potash-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits based on total historic mineral resources (see below historical mineral resource disclosure) of uranium and vanadium in the world.

District Closes Acquisition to Consolidate 100% of the Viken Energy Metals Deposit in Sweden, which contains an Historical Inferred Resource of 1.15 Billion Pounds of U3O8 (newsfilecorp.com)
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