District Metals Corp. is pleased to report that Bergslagen Metals AB has applied for eight mineral licenses covering a total area of 91,470 hectares . These applications target Alum Shale deposits, and have been registered with Bergsstaten to permit the exploration of vanadium, nickel, molybdenum, zinc, and other elements located in central and north-central Sweden. Bergsstaten is expected to reach a decision on the [...]
District Metals is pleased to highlight a press release issued by the Swedish Ministry for Climate and the Environment on Feb 23, 2024, which states that a rapid investigation will commence with the purpose "to remove a ban that is not needed." The press release further states that an "Inquiry Chair will now be tasked with investigating what regulatory changes are needed to enable and clarify the conditions for uranium [...]
District Metals Corp. is pleased to announce that District and Boliden Minerals AB have approved an exploration budget of CDN $2.0M on the Tomtebo and Stollberg Properties for 2024. District is the operator of the Tomtebo-Stollberg collaboration, and the Company has commenced core drilling at the high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. Highlights: The [...]
District Metals Corp. ; is pleased to announce that it has completed its previously announced bought deal private placement financing raising aggregate gross proceeds of C$4,510,000 . Under the terms of the Offering, the Company issued an aggregate of 20,500,000 units at a price of C$0.22 per Unit . The Offering was led by PI Financial Corp. as lead underwriter and bookrunner, on a behalf of a syndicate of underwriters [...]
District Metals is pleased to announce that it has closed the acquisition of the remaining four mineral licences covering the Viken energy metals Deposit located in Jämtland 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 [...]
District Metals Corp. ; is pleased to announce that it has entered into a definitive asset purchase agreement with an arm's length vendor to acquire the remaining four mineral licences covering the Viken energy metals Deposit located in Jämtland County, central Sweden, that the Company did not already control. As a result, subject to closing, the Company now controls 100% of the mineral licences comprising the Viken [...]
District Metals Corp. is pleased to announce the appointment of Sophia Shane as a Strategic Advisor for the Company. Sophia Shane brings decades of experience in capital markets, corporate development and investor relations to District following a career spanning nearly 30 years at the highly successful Lundin Group of Companies. At the Lundin Group, she was involved in all aspects of marketing, branding, shareholder [...]
District Metals Corp. ; is pleased to announce the Company and its Swedish subsidiary have executed a Definitive Agreement dated October 27, 2023 with Boliden Mineral AB , an arms-length party. Pursuant to the Definitive Agreement, Boliden and District will collaborate in the development of District's wholly-owned polymetallic Tomtebo Property and Boliden's wholly-owned polymetallic Stollberg Property. Initially, Boliden [...]
District Metals Corp. ; is pleased to report that the Company has qualified to trade on the OTCQB and has begun trading under the symbol DMXCF. District's common shares will continue to trade on the TSX Venture Exchange under the symbol DMX, as well as on the Frankfurt Stock Exchange under the symbol DFPP. Garrett Ainsworth, CEO of District, commented: "We expect that trading on the OTCQB market in the United States will [...]
District Metals Corp. ; is pleased to report that Bergslagen Metals AB has received approval from Bergsstaten for the Nianfors nr 1 and 2 mineral license applications to explore for copper, zinc, molybdenum, yttrium and other rare earth elements located in the Gävleborgs County, central Sweden . The Nianfors mineral licenses are in good standing for a three-year term that ends on June 30, 2026. Renewal for an additional [...]
District Metals Corp. ; is pleased to report that Bergslagen Metals AB has received approval from the Bergsstaten for the Sågtjärn nr 101 and 102 mineral license applications to explore for copper, zinc, lead silver, gold, molybdenum and cobalt over a 4,068 hectare area located in the Jämtland and Västernorrland Counties in central Sweden . The Sågtjärn mineral licenses are in good standing for a three-year term that ends [...]
District Metals Corp. ; is pleased to report that Bergslagen Metals AB has received approval from the Bergsstaten for the Ardnasvarre nr 1 mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements over a 9,708 hectare area located in Norrbottens County, northern Sweden The Ardnasvarre Property hosts several uranium, lead-zinc-silver and copper mineralized occurrences that were [...]
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