District Metals Corp. is pleased to announce the execution of a definitive purchase agreement dated August 17, 2020 for District's high grade copper-silver Bakar Property located on northern Vancouver Island in British Columbia with Sherpa II Holdings Corp. Transaction Highlights Under the Agreement Sherpa II will acquire an 80% interest in the Bakar Property by cash payment, the issuance of shares to District, and work [...]
District Metals Corp. is pleased to provide a further update on the historical drill data compilation work, and the Leapfrog 3D geological model of the historic Tomtebo Mine located within District's polymetallic Tomtebo Property in the Bergslagen Mining District of south-central Sweden. In partnership with EMX Royalty Corp., this work represents an important development for the Tomtebo Property that has never been [...]
District Metals Corp. is pleased to provide an update on the historical drill data compilation work, and the Leapfrog 3D geological model of the historic Tomtebo Mine located within District's polymetallic Tomtebo Property in the Bergslagen Mining District of south-central Sweden. In partnership with EMX Royalty, this work represents an important development for the Tomtebo Property that has never been previously [...]
District Metals Corp. is pleased to announce that an airborne electromagnetic and magnetic survey has commenced on the Tomtebo Property , located in the Bergslagen Mining District in south-central Sweden. Garrett Ainsworth, CEO of District, commented: "The Bergslagen Mining District is known for large high grade polymetallic mineralized systems that can be identified by their conductive and magnetic properties. For such a [...]
District Metals Corp. is pleased to announce that it has progressed the compilation of historical drill data, and the Leapfrog 3D geological model of the historic Tomtebo Mine located within District's polymetallic Tomtebo Property in the Bergslagen Mining District of south-central Sweden. In partnership with EMX Royalty, this work represents an important development for the Tomtebo Property that has never been previously [...]
District Metals Corp. is pleased to announce that further to its news release of May 20, 2020 and May 22, 2020, it has closed a non-brokered private placement offering of 20,000,000 common shares of the Company at a price of CDN$0.12 per share for aggregate gross proceeds of CDN$2.4 million . The Private Placement included an affiliate of the Sprott Group who subscribed for 6.0 million Shares, representing 11.31% of the [...]
District Metals is pleased to announce a non-brokered private placement offering of up to 15,000,000 common shares of the Company at a price of CDN$0.12 per share to raise gross proceeds of up to CDN$1,800,000. Closing of the Private Placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject [...]
District Metals is pleased to announce that, further to its news release dated February 28, 2020, the Company has received acceptance in principle from the TSX Venture Exchange of the Company's acquisition of 100% ownership of the Tomtebo and Trollberget properties pursuant to the previously announced purchase agreement dated February 27, 2020 between the Company and Viad Royalties AB, a wholly-owned subsidiary of EMX [...]
District Metals Corp. announces that Mr. Doug Ramshaw has been appointed to its Board of Directors, replacing Mr. Rob Chang, who will continue as a strategic advisor, in each case, effective today. Mr. Chang has been with District since 2018, and his corporate expertise has been invaluable to the establishment and organization of the Company. District greatly appreciates Mr. Chang’s contributions to District, and is [...]
District Metals Corp. is pleased to announce the Company has executed a definitive purchase agreement dated February 27, 2020 with a wholly-owned subsidiary of EMX Royalty Corp. to acquire 100% ownership of the Tomtebo and Trollberget properties in the prolific Bergslagen District of Sweden, which hosts Lundin’s Zinkgruvan Mine and Boliden’s Garpenberg Mine. Upon completion of the proposed transaction, the [...]
District Metals Corp. is pleased to announce the results of the detailed geological mapping and geochemical sampling completed on the Bakar high grade copper property, located on Northern Vancouver Island, British Columbia during summer 2019 . Highlights: High grade copper-silver mineralization was encountered through channel sampling at the Millington Prospect on the Bakar Property across substantial lengths and widths [...]
District Metals Corp. is pleased to announce the interpretation of final VTEM data from a helicopter-borne survey flown at its the Bakar Property on northern Vancouver Island in British Columbia. The VTEM Plus survey comprised a total of 804 line-kms flown by Geotech Ltd. in May 2019, and the interpretation was completed by Condor Consulting Ltd. The VTEM Plus survey was flown over the Bakar Property to identify [...]
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