District Applies to List on the Nasdaq First North Growth Market in Sweden
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF) has announced its application for a secondary listing on the Nasdaq First North Growth Market in Sweden, aiming to complete the listing before the end of 2024. The company has seen increased interest from Swedish shareholders, attributed to potential changes in Sweden's uranium mining regulations, District's Swedish uranium project portfolio, and its partnership with Boliden Minerals AB. The listing is expected to improve trading liquidity and increase exposure to Swedish investors and analysts. The company's Viken Property reportedly hosts the world's second-largest uranium deposit based on historical estimates.
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF) ha annunciato la sua richiesta per una quotazione secondaria sul Nasdaq First North Growth Market in Svezia, con l’obiettivo di completare la quotazione entro la fine del 2024. L’azienda ha registrato un crescente interesse da parte degli azionisti svedesi, attribuito a potenziali cambiamenti nelle normative sull'estrazione dell'uranio in Svezia, al portafoglio di progetti di uranio svedesi di District e alla sua collaborazione con Boliden Minerals AB. Si prevede che la quotazione migliori la liquidità delle negoziazioni e aumenti l'esposizione agli investitori e analisti svedesi. Si dice che la Viken Property dell'azienda ospiti il secondo più grande giacimento di uranio al mondo, basato su stime storiche.
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF) ha anunciado su solicitud para una cotización secundaria en el Nasdaq First North Growth Market en Suecia, con el objetivo de completar la cotización antes de finales de 2024. La empresa ha visto un aumento en el interés de los accionistas suecos, atribuido a posibles cambios en las regulaciones de minería de uranio en Suecia, al portafolio de proyectos de uranio en Suecia de District y a su colaboración con Boliden Minerals AB. Se espera que la cotización mejore la liquidez en el comercio y aumente la exposición a inversores y analistas suecos. Se informa que la propiedad Viken de la empresa alberga el segundo mayor depósito de uranio del mundo, según estimaciones históricas.
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF)는 스웨덴의 Nasdaq First North Growth Market에 대한 이차 상장 신청을 발표하였으며, 2024년 말 이전에 상장을 완료할 계획입니다. 이 회사는 스웨덴의 주주들로부터 증가하는 관심을 받고 있으며, 이는 스웨덴의 우라늄 채굴 규정의 잠재적인 변화, District의 스웨덴 우라늄 프로젝트 포트폴리오, 그리고 Boliden Minerals AB와의 파트너십 덕분입니다. 이번 상장이 거래 유동성을 개선하고 스웨덴 투자자 및 분석가에 대한 노출을 증가시킬 것으로 기대됩니다. 회사의 Viken Property는 역사적 추정에 따르면 세계에서 두 번째로 큰 우라늄 매장량을 보유하고 있는 것으로 알려져 있습니다.
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF) a annoncé sa demande pour une cotation secondaire sur le Nasdaq First North Growth Market en Suède, visant à finaliser la cotation avant la fin de 2024. L’entreprise a constaté un intérêt croissant de la part des actionnaires suédois, attribué à des changements potentiels dans les réglementations minières sur l'uranium en Suède, au portefeuille de projets d'uranium suédois de District et à son partenariat avec Boliden Minerals AB. On s'attend à ce que la cotation améliore la liquidité des transactions et augmente l'exposition aux investisseurs et analystes suédois. La Viken Property de l’entreprise abriterait selon les estimations historiques le deuxième plus grand gisement d'uranium au monde.
District Metals Corp (TSXV: DMX) (OTCQB: DMXCF) hat seine Bewerbung für eine sekundäre Börsennotierung am Nasdaq First North Growth Market in Schweden angekündigt, mit dem Ziel, die Notierung bis Ende 2024 abzuschließen. Das Unternehmen hat ein zunehmendes Interesse von schwedischen Aktionären verzeichnet, was auf mögliche Änderungen in den schwedischen Uranbergbauvorschriften, das schwedische Uranprojektportfolio von District und die Partnerschaft mit Boliden Minerals AB zurückzuführen ist. Es wird erwartet, dass die Notierung die Handelsliquidität verbessert und die Sichtbarkeit bei schwedischen Investoren und Analysten erhöht. Das Viken Property des Unternehmens beherbergt Berichten zufolge das zweitgrößte Uranvorkommen der Welt auf der Grundlage historischer Schätzungen.
- Company owns Viken Property, historically estimated as world's second-largest uranium deposit
- Strategic partnership with major mining company Boliden Minerals AB
- Growing Swedish shareholder base with over 1,000 investors
- Potential benefit from Sweden's possible uranium mining moratorium lift
- Historical resource estimates not independently verified by the company
- Additional costs and regulatory requirements associated with secondary listing
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is excited to announce that it has initiated the process of applying for a secondary listing of its shares on the Nasdaq First North Growth Market in Sweden ("Nasdaq First North"). The Company's objective is to complete the listing and start trading on the Nasdaq before the end of 2024.
District has recently experienced a notable increase in the number of Swedish shareholders on its share registry. The Company attributes this heightened interest to the potential lifting of Sweden's uranium mining moratorium, District's extensive Swedish uranium project portfolio, and the Company's collaboration with Boliden Minerals AB ("Boliden") on the Tomtebo and Stollberg base metal polymetallic properties also in Sweden. The secondary listing on Nasdaq First North Growth Market will enable Swedish investors to more easily participate in District's growth. The Company also expects the potential listing to provide increased trading liquidity, as well as greater exposure to analysts, institutional investors, and other stakeholders in Sweden.
Garrett Ainsworth, CEO of District, commented: "A secondary listing on the Nasdaq First North makes logical sense for District given our exciting mineral properties in Sweden, which includes the Viken Property that hosts the second largest uranium deposit in the world based on historical mineral resource estimates. In addition, we are advancing the Tomtebo and Stollberg base metal polymetallic properties in collaboration with Boliden, a premier major mining company in Scandinavia. Lastly, we currently have over 1,000 Swedish shareholders in District, and this potential Nasdaq First North listing will provide much better access for all Swedish residents to invest in District."
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, PGeo, President and CEO of the Company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The data disclosed in this news release is related to historical results. District has not undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. District considers these historical results relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through drilling.
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than District's properties. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on District's properties.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.
District is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Viken Property covers
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District of south-central Sweden and is situated between the historic Falun Mine and Boliden's Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property along an approximate 17 km trend that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines within the district.
For further information on the Tomtebo Property, please see the technical report entitled "NI 43-101 Update Technical Report on the Tomtebo Project, Bergslagen Region of Sweden" dated effective October 15, 2020 and amended and restated on February 26, 2021, which is available on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
"Garrett Ainsworth"
President and Chief Executive Officer
(604) 288-4430
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking Information"
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things: statements relating to the Swedish Government's lifting of its moratorium on uranium exploration and mining in Sweden; the benefits and timing of the Nasdaq First North Growth Market listing; the Company's Swedish polymetallic properties; the Company's planned exploration activities, including its drill target strategy and next steps for the Swedish properties; and the Company's interpretations and expectations about the results on the Swedish properties.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation, assumptions about: the reliability of historical data and the accuracy of publicly reported information regarding past and historic mines in the Bergslagen district; in respect of the intention of the Swedish government to eventually lift or amend its moratorium on uranium exploration and mining in Sweden; the ability to complete steps to the Nasdaq First North Growth Market listing; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; and stability in financial and capital markets.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; that the Swedish government maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; that the Nasdaq First North Growth Market listing benefits will not be realized and may increase the regulatory burden on the Company; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify any mineral resources and mineral reserves; the substantial expenditures required to establish mineral reserves through drilling and the estimation of mineral reserves or mineral resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; risks related to existing earn-in and joint venture with Boliden; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. For additional information regarding these risks, please see the Company's Annual Information Form dated July 11, 2022, under the heading "Risk Factors", which is available at www.sedarplus.ca. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230377
FAQ
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