https://miningcharts.substack.com/p/district-metals-opportunity-huge
District Metals and the great property Viken in Sweden:
"Okay so what’s so great about the Viken Property? The Viken Deposit is the largest undeveloped Alum Shale vanadium-uranium-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits by total historic mineral resources of vanadium and uranium in the world.
There is over 1 billion pounds of uranium , 16 billion pounds of vanadium, 3 billion pounds of nickel, 1.5 billion pounds of moly, nearly 1 billion pounds of copper, and around 2.8 billion pounds of zinc.
The company that owned the property before had a market cap of almost $350 million Canadian, then the uranium ban came into effect in 2018 and the property was basically forgotten about it until now"
"District Metals is a tiny company based in Sweden, they currently have a market cap of around $12 million Canadian, with around $3 million cash in the bank. They had previously been focused on 3 polymetallic projects in the heart of Sweden, which they have had some really good drill results on in the past. These results were forgotten and the company went from a high of .60 cents in mid 2021, down all the way to .5 cents in November"
"The company that owned the property before had a market cap of almost $350 million Canadian, then the uranium ban came into effect in 2018 and the property was basically forgotten about it until now"
"The vanadium is decent grade and was not included in the 2014 PEA, that had the project at a US $1 billion dollar NPV. This is one of the ways District Metals can unlock even more value, Vanadium prices have been on the rise lately as well."