DISTRICT METALS CORP - DMXCF STOCK NEWS

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District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) is an exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The company recently received final approvals for new mineral licenses that cover a significant area in central and north-central Sweden. District is known for its Viken Energy Metals Deposit, a large Alum Shale deposit rich in uranium, vanadium, potash, molybdenum, nickel, copper, and zinc. The company's planned exploration work includes prospecting, mapping, and geochemical sampling to refine drill targets for further development.

05/21/2024 08:30 AM

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District Receives Final Approvals for Additional Mineral Licenses over Alum Shale Energy Metal Targets in Sweden

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District Metals Corp. has received final approvals for eight new mineral licenses in Sweden, covering 91,470 hectares. The licenses allow exploration for vanadium, nickel, molybdenum, zinc, rare earth elements, and other minerals in Jämtlands and Västerbottens Counties. These licenses are valid until April-May 2027 with potential renewal for an additional three years.

The Viken nr 4 license significantly increases the area of the Viken Property, which holds one of the world's largest undeveloped deposits of uranium and vanadium. Despite a current moratorium on uranium mining in Sweden, an inquiry into lifting the ban was completed on May 15, 2024.

Exploration activities are planned for the remainder of 2024, including prospecting, mapping, and geochemical sampling. Future steps will involve more detailed surveys to refine drill targets aimed at advancing the company's strategic goals in the green energy transition.

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04/29/2024 08:30 AM

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District Intersects Strong Visual Polymetallic Sulphide Mineralization at the Tomtebo Property

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District Metals Corp. reports strong visual polymetallic sulphide mineralization at the Tomtebo Property in Sweden. The recent drilling program uncovered significant copper-rich semi-massive to massive sulphide mineralization, with potential off-hole electromagnetic conductors indicating further mineralization. CEO Garrett Ainsworth highlights the successful drill program, emphasizing promising results and ongoing exploration efforts.

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02/28/2024 08:30 AM

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District Applies for Additional Mineral Licenses over Alum Shale Energy Metal Targets in Sweden

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District Metals Corp. (DMXCF) reports that its Swedish subsidiary has applied for eight mineral licenses targeting critical energy metals in central and north-central Sweden. The company aims to explore vanadium, nickel, molybdenum, zinc, and other elements in the Alum Shale deposits. The applications cover a total area of 91,470 hectares, with the potential to contribute significantly to the green energy transition. District recently consolidated the Viken Energy Metals Deposit, one of the largest undeveloped Alum Shale deposits globally. The company's CEO highlighted the vast potential of Alum Shale deposits in Sweden and the importance of these minerals in the transition to green energy.

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02/26/2024 08:30 AM

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District Comments on Uranium Mining Announcement from the Swedish Government

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District Metals Corp. (DMXCF) is pleased with the Swedish Government's decision to investigate lifting the uranium mining ban, benefiting its Viken Energy Metals Deposit. The company sees this as a positive step towards potential growth and transformation in Sweden's nuclear energy sector.

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02/20/2024 08:30 AM

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District and Boliden Joint Technical Committee Approve 2024 Exploration Budget on the Tomtebo and Stollberg Properties and Commence Drilling at the Tomtebo Property in Sweden

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District Metals Corp. and Boliden Minerals AB approve a CDN $2.0M exploration budget for 2024 on the Tomtebo and Stollberg Properties. The core drilling program at the high-grade polymetallic Tomtebo Property in Sweden aims to test significant mineralized zones. CEO Garrett Ainsworth highlights the collaborative exploration efforts and the importance of the upcoming drill program.

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01/15/2024 08:30 AM

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District Closes Acquisition to Consolidate 100% of the Viken Energy Metals Deposit in Sweden, which contains an Historical Inferred Resource of 1.15 Billion Pounds of U3O8

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District Metals Corp. (DMXCF) has closed the acquisition of the remaining four mineral licenses covering the Viken energy metals Deposit in Sweden, increasing its property area to 10,812 ha. The company now controls 100% of the largest undeveloped Alum Shale uranium-vanadium-potash-molybdenum-nickel-copper-zinc deposit in Sweden. The acquisition terms include cash payments, share issuances, and a net smelter returns royalty. The Viken Deposit is well-situated in terms of infrastructure, and historical mineral resource estimates indicate significant potential for various metals, including uranium, vanadium, nickel, copper, and zinc.

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01/03/2024 08:30 AM

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District to Consolidate 100% of the Viken Energy Metals Deposit in Sweden, which contains an Historical Inferred Resource of 1.15 Billion Pounds of U3O8

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District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) has entered into a definitive asset purchase agreement to acquire the remaining four mineral licences covering the Viken energy metals Deposit in Sweden. The acquisition will increase the area of the Company's Viken Property and allow it to control 100% of the mineral licences. The Viken Deposit is the largest undeveloped Alum Shale uranium-vanadium-potash-molybdenum-nickel-copper-zinc deposit in Sweden and among the largest deposits based on total historic mineral resources. The Purchase Agreement includes a cash payment, issuance of District shares, and a net smelter returns royalty to be granted to the Vendor. The closing of the Purchase Agreement remains subject to TSX Venture Exchange approval.

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12/06/2023 08:00 AM

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District Strengthens the Advisory Committee with the Appointment of Sophia Shane

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District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) appoints Sophia Shane as Strategic Advisor, bringing decades of experience in capital markets and investor relations from the Lundin Group of Companies.

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10/30/2023 08:30 AM

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District and Boliden Sign Definitive Agreement for Tomtebo and Stollberg Properties in Sweden

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District Metals Corp. has entered into a Definitive Agreement with Boliden Mineral AB to collaborate on the development of District's Tomtebo Property and Boliden's Stollberg Property. Boliden will have the right to earn an 85% interest in the Tomtebo Property. The properties are located in the Bergslagen Mining District in Sweden, known for its polymetallic deposits. Tomtebo Property has shown promising drill intercepts, including 8.2m at 20.9% ZnEq and 12.55m at 8.6% ZnEq.

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09/12/2023 08:00 AM

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District Announces Trading on OTCQB Venture Market

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District Metals Corp. qualifies to trade on the OTCQB, expects increased visibility and liquidity in the US market

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FAQ

What is the current stock price of DISTRICT METALS (DMXCF)?

The current stock price of DISTRICT METALS (DMXCF) is $0.275 as of December 20, 2024.

What is the market cap of DISTRICT METALS (DMXCF)?

The market cap of DISTRICT METALS (DMXCF) is approximately 34.9M.

What is District Metals Corp. focused on?

District Metals Corp. is focused on exploration and development, with a particular interest in the Viken and Tomtebo Properties in Sweden.

What are the key minerals in the Viken Energy Metals Deposit?

The Viken Energy Metals Deposit contains uranium, vanadium, potash, molybdenum, nickel, copper, and zinc.

What recent approvals has District Metals Corp. received?

District Metals Corp. has received final approvals for new mineral licenses covering a significant area in central and north-central Sweden.

What is District Metals Corp.'s planned exploration work?

District Metals Corp.'s planned work includes prospecting, mapping, and geochemical sampling to refine drill targets for further development.

Where can I find more information about the Tomtebo Property?

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.