District to Commence Trading on Nasdaq First North Growth Market in Sweden
District Metals Corp. (DMXCF) has received approval for listing on the Nasdaq First North Growth Market, with trading of its depositary receipts (DMX SDRs) set to commence on January 23, 2025, under the symbol 'DMXSE SDB'. The company will maintain its TSX Venture Exchange listing under 'DMX'.
The timing aligns with Sweden's renewed focus on exploration and mining, particularly significant as the company's Viken Deposit is under review by the Geological Survey of Sweden as an area of national interest for its vanadium resources, classified as a critical raw material by the EU. The Swedish Government recently released an inquiry regarding potentially lifting the uranium ban.
District has also executed a definitive agreement to acquire the 2% NSR royalty on the Viken Deposit, which upon closing will make the deposit entirely royalty-free. The Nasdaq First North listing aims to expand the company's European presence, enhance trading volume, and improve visibility to European investors.
District Metals Corp. (DMXCF) ha ricevuto l'approvazione per la quotazione sul Nasdaq First North Growth Market, con l'inizio delle contrattazioni dei suoi certificati di deposito (DMX SDRs) previsto per il 23 gennaio 2025, sotto il simbolo 'DMXSE SDB'. L'azienda manterrà la sua quotazione sul TSX Venture Exchange sotto 'DMX'.
Il tempismo si allinea con il rinnovato focus della Svezia sull'esplorazione e sull'estrazione mineraria, particolarmente significativo poiché il Viken Deposit è sotto revisione da parte del Servizio Geologico della Svezia come area di interesse nazionale per le sue risorse di vanadio, classificate come materia prima critica dall'UE. Il Governo svedese ha recentemente pubblicato un'inchiesta riguardante la possibile revoca del divieto sull'uranio.
District ha anche firmato un accordo definitivo per acquisire il royalty NSR del 2% sul Viken Deposit, che, al momento della chiusura, renderà il deposito completamente esente da royalty. La quotazione sul Nasdaq First North mira ad ampliare la presenza dell'azienda in Europa, aumentare il volume delle contrattazioni e migliorare la visibilità per gli investitori europei.
District Metals Corp. (DMXCF) ha recibido la aprobación para la cotización en el Nasdaq First North Growth Market, con el inicio de la negociación de sus recibos de depósito (DMX SDRs) programado para el 23 de enero de 2025, bajo el símbolo 'DMXSE SDB'. La empresa mantendrá su cotización en la TSX Venture Exchange bajo 'DMX'.
El momento coincide con el renovado enfoque de Suecia en la exploración y minería, lo que es especialmente significativo ya que el Viken Deposit está bajo revisión por parte del Servicio Geológico de Suecia como un área de interés nacional por sus recursos de vanadio, clasificados como materia prima crítica por la UE. El Gobierno sueco ha publicado recientemente una consulta sobre la posible eliminación de la prohibición del uranio.
District también ha firmado un acuerdo definitivo para adquirir la regalía NSR del 2% sobre el Viken Deposit, que, al cierre, hará que el depósito sea completamente libre de regalías. La cotización en Nasdaq First North tiene como objetivo ampliar la presencia de la empresa en Europa, aumentar el volumen de negociación y mejorar la visibilidad para los inversores europeos.
District Metals Corp. (DMXCF)는 Nasdaq First North Growth Market에 상장 승인을 받았으며, 2025년 1월 23일부터 자산 예탁 증서(DMX SDRs)의 거래가 시작될 예정입니다. 거래 기호는 'DMXSE SDB'입니다. 이 회사는 'DMX'라는 기호 아래 TSX 벤처 거래소에서의 상장을 유지할 것입니다.
이번 시기는 스웨덴이 탐사 및 광산업에 재초점을 맞추고 있는 것과 일치하며, 특히 Viken Deposit가 스웨덴 지질 조사에 의해 중대한 자원으로 등재된 바나듐 자원으로서 국가적 관심 영역으로 검토되고 있기 때문에 중요합니다. 스웨덴 정부는 최근 우라늄 금지 해제에 대한 조사를 발표했습니다.
District는 또한 Viken Deposit에 대한 2% NSR 로열티를 인수하는 최종 계약을 체결했으며, 이를 통해 로열티 면제를 전면적으로 받을 수 있게 됩니다. Nasdaq First North 상장은 유럽에서의 회사의 존재감을 확대하고 거래량을 늘리며 유럽 투자자들에게 가시성을 향상시키는 것을 목표로 하고 있습니다.
District Metals Corp. (DMXCF) a reçu l'approbation pour une cotation sur le Nasdaq First North Growth Market, avec le début des échanges de ses certificats de dépôt (DMX SDRs) prévu pour le 23 janvier 2025, sous le symbole 'DMXSE SDB'. La société conservera sa cotation à la TSX Venture Exchange sous 'DMX'.
Ce timing coïncide avec le nouveau focus de la Suède sur l'exploration et l'exploitation minière, d'autant plus significatif que le Viken Deposit est actuellement examiné par le Service géologique de Suède en tant que zone d'intérêt national pour ses ressources en vanadium, classées comme matière première critique par l'UE. Le gouvernement suédois a récemment publié une enquête concernant la levée potentielle de l'interdiction de l'uranium.
District a également signé un accord définitif pour acquérir la redevance NSR de 2 % sur le Viken Deposit, ce qui, une fois conclu, rendra le dépôt complètement exempt de redevance. La cotation sur le Nasdaq First North a pour objectif d'élargir la présence de l'entreprise en Europe, d'augmenter le volume des transactions et d'améliorer la visibilité auprès des investisseurs européens.
District Metals Corp. (DMXCF) hat die Genehmigung zur Notierung am Nasdaq First North Growth Market erhalten, wobei der Handel mit seinen Depotreceipts (DMX SDRs) am 23. Januar 2025 unter dem Symbol 'DMXSE SDB' beginnen soll. Das Unternehmen wird seine Notierung an der TSX Venture Exchange unter 'DMX' beibehalten.
Der Zeitpunkt fällt mit Schwedens neuem Fokus auf Exploration und Bergbau zusammen, was besonders bedeutend ist, da das Viken Deposit vom Geologischen Survey von Schweden als national bedeutsames Gebiet für seine Vanadiumressourcen überprüft wird, die von der EU als kritisches Rohmaterial eingestuft werden. Die schwedische Regierung hat kürzlich eine Anfrage zur möglichen Aufhebung des Uranverbots veröffentlicht.
District hat auch einen endgültigen Vertrag zur Übernahme der 2% NSR-Royalty für das Viken Deposit abgeschlossen, was beim Abschluss den Standort vollständig royalty-frei machen wird. Die Notierung am Nasdaq First North zielt darauf ab, die europäische Präsenz des Unternehmens auszubauen, das Handelsvolumen zu erhöhen und die Sichtbarkeit für europäische Investoren zu verbessern.
- Approval received for Nasdaq First North Growth Market listing, expanding market access
- Viken Deposit under review as area of national interest for vanadium resources
- Potential lifting of uranium ban in Sweden under government review
- Agreement executed to eliminate 2% NSR royalty on Viken Deposit
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that the Company has received confirmation that its Nasdaq First North Growth Market ("Nasdaq First North") listing application has been approved. As a result, District's depositary receipts (the "DMX SDRs") will begin trading on Nasdaq First North at market open (Sweden local time) on January 23, 2025, under the symbol "DMXSE SDB". Swedish depositary receipts are financial instruments issued by a Swedish bank representing shares in a non-Swedish company. The Company's ISIN (CA2548481043) remains unchanged. Additionally, the Company's common shares will continue to be traded on the TSX Venture Exchange under the symbol "DMX".
Garrett Ainsworth, CEO and President, commented, "The timing of our listing on the Nasdaq First North could not be better. A strong focus on the importance of exploration and mining has returned to Sweden, which has been hastened with the uncertainty of supply of critical and important raw materials for Europe. These positive developments are reflected in the fact that our Viken Deposit is currently under review by the Geological Survey of Sweden as an area of national interest due to its historical vanadium mineral resource. Vanadium is a critical raw material as defined by the European Union."
"Additionally, on December 20, 2024, the Swedish Government released an inquiry regarding the potential lifting of the uranium ban and issued a press release highlighting positive developments in their efforts to lift the ban on uranium mining. We have summarized this update here."
"Finally, we began 2025 with exciting news that a definitive royalty purchase agreement has been executed, allowing District to acquire the
Nasdaq First North is a natural choice as a secondary listing for District, as it will help expand the Company's presence in Europe to further broaden its shareholder base. The decision to list on the Nasdaq First North was influenced by the potential for wider distribution of corporate information, increased trading volume, and greater visibility to prospective European investors. These factors are expected to benefit both existing and new shareholders.
District controls highly prospective uranium and base metals polymetallic assets in the Nordic region, which provides European investors with a unique opportunity to participate in the rush to secure domestic supplies of critical and important raw materials. These raw materials are essential for the development of new technologies and the ongoing green transition. They play a crucial role in the production of affordable electricity, batteries for electric vehicles, solar panels, wind turbines, grid expansion, and advanced electronics such as smartphones and computers.
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 listing including whether the Company will complete the Nasdaq First North listing; the Company's exemptive relief application; 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 listing and obtain other necessary approvals; 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 listing benefits will not be realized and may increase the regulatory burden on the Company; that the Company may be subject to increased regulatory requirements as a result of the Nasdaq First North listing; 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/237974
FAQ
When will District Metals (DMXCF) start trading on Nasdaq First North?
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How will the NSR royalty acquisition affect District Metals' (DMXCF) Viken Deposit?
What impact could Sweden's uranium ban review have on District Metals (DMXCF)?
Why did District Metals (DMXCF) choose to list on Nasdaq First North?
