Bullboard - Stock Discussion Forum District Metals Corp V.DMX

Alternate Symbol(s): DMXCF

Metals & Mining Industrial Metals & Minerals

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... see more

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District Metals Corp > District Closes Acquisition

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Post by Betteryear2 on Jan 15, 2024 11:25am

District Closes Acquisition

Vancouver, 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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