District Metals Corp.

District Metals Corp. is pleased to report that Bergslagen Metals AB has received approval from the Bergsstaten for the Viken nr 2 and 3 mineral license applications that covers the area to the south and north of the original Viken nr 1 mineral license application that encompasses 68% of the polymetallic Viken Deposit located in Jämtland County, central Sweden . The Viken Deposit is the largest undeveloped Alum Shale [...]

District Metals Corp. is pleased to report that Bergslagen Metals AB has received approval from the Bergsstaten for the Viken nr 1 mineral license application that covers approximately 68% of the polymetallic Viken Deposit located in Jämtland County, central Sweden . The Viken Deposit is the largest undeveloped Alum Shale vanadium-uranium-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits by [...]

District Metals Corp. ; commented on January 25, 2023, that Swedish media had reported that a majority of the Swedish Parliament had resolved to allow for exploration and mining of uranium in Sweden. This previously announced majority by the Swedish Parliament led to the commencement of suggestions, preparation, and the debate of a motion to officially lift the moratorium on uranium exploration and mining in Sweden. The [...]

District Metals Corp. ; is pleased to report that Bergslagen Metals AB has applied for additional mineral licenses covering the area to the south and north of the original Viken nr 1 mineral license application that covers 68% of the polymetallic Viken Deposit located in Jämtland County, central Sweden . If granted, the additional licenses will applications will increase the area of the Viken Property from 2,302 hectares [...]

District Metals Corp. has closed its previously announced brokered private placement financing pursuant to an agency agreement with PI Financial Corp. and Haywood Securities Inc. , raising aggregate gross proceeds of $3,000,000 . Under the terms of the Offering, the Company issued a total of 20,000,000 units at a price of $0.15 per Unit. Garrett Ainsworth, President & CEO of District, commented: "I would like to thank [...]

District Metals Corp. is pleased to announce that it has entered into an agreement with PI Financial Corp. to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Haywood Securities Inc , for a marketed best efforts private placement of up to 20,000,000 units , at a price of C$0.15 per Unit to raise aggregate gross proceeds of up to C$3,000,000, subject to a minimum offering of 16,574,440 [...]

District Metals Corp. is pleased to note that Swedish media has reported that a majority of the Swedish Parliament has resolved to allow for exploration and mining of uranium in Sweden. On January 19, 2023, The Liberals, a member of the current Swedish governing coalition, internally voted to support the lifting of the moratorium in place since 2018. A motion from the Moderate Party, to which Prime Minister Kristersson [...]

District Metals Corp. is pleased to report that Bergslagen Metals AB has applied for a 2,302 hectare mineral license to explore for vanadium, nickel, molybdenum, zinc, and other elements, covering approximately 68% of the polymetallic Viken Deposit located in Jämtland County, central Sweden. The Viken Deposit is the largest undeveloped Alum Shale vanadium-uranium-molybdenum-nickel-copper-zinc deposit in Sweden, and [...]

District Metals Corp. is pleased to report on compilation work from historical exploration data at the high grade polymetallic Svärdsjö Property located in the Bergslagen Mining District in south-central Sweden. The Mining Inspectorate of Sweden recently relinquished exploration data from Swedish mining company, Boliden, after a confidentiality period of three years. Review of this historical data, in combination with the [...]

District Metals Corp. is pleased to report on the results from a detailed soil sampling program at the polymetallic Gruvberget Property located in the Bergslagen Mining District of south-central Sweden. Soil samples were recovered from four target zones identified by historic data compilation and geophysical anomalies from our SkyTEM survey flown in late-2021. A total of the 442 soil samples were analyzed by Ionic Leach [...]