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URC 4.02 −3.6% BEX 0.085 +6.2% SUM 1.33 +0.8% FMN 0.270 +10.2% PHNM 0.400 +11.1% HDRO 1.11 −6.7% PWM 0.630 +0.0% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.115 −8.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.405 −4.7% CLV 0.120 +0.0% LXM 0.160 +6.7% TBK 0.305 −3.2% URC 4.02 −3.6% BEX 0.085 +6.2% SUM 1.33 +0.8% FMN 0.270 +10.2% PHNM 0.400 +11.1% HDRO 1.11 −6.7% PWM 0.630 +0.0% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.115 −8.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.405 −4.7% CLV 0.120 +0.0% LXM 0.160 +6.7% TBK 0.305 −3.2%
Drill Results

District Metals plans drilling, fieldwork in Sweden

By The Northwire Desk — AI Analysis Jan 13, 2026 · 13:03 DMX · 1.31 District Metals Corp.
DMX · Price

Executive Summary

  • District Metals Corp. outlined its 2026 exploration and development strategy for its uranium properties in Sweden, focusing on the flagship Viken property and broader Alum shale assets.
  • The company has retained P&E Mining Consultants and Mets Engineering Group to conduct a National Instrument 43-101 Preliminary Economic Assessment (PEA) and metallurgical study for the Viken deposit, targeting completion in Q2 2026.
  • An Economic Impact Study (EIS) by BDO Canada LLP is scheduled for Q2/Q3 2026 to evaluate the strategic and social benefits of mining uranium, vanadium, and potash at Viken.

Key Details

  • Preliminary Economic Assessment (PEA): P&E Mining Consultants Inc. retained for NI 43-101 PEA and technical report on the Viken deposit; Mets Engineering Group retained for metallurgical component. Targeted completion: Q2 2026.
  • Economic Impact Study (EIS): BDO Canada LLP retained to assess economic impact, strategic benefits, and social licence. Incorporates PEA data. Targeted completion: Q2 or Q3 2026.
  • Drilling Program: Plans to drill 5,000 to 7,000 metres at Viken and Alum shale properties to test MobileMT geophysical targets.
    • 2025 airborne MobileMT survey identified nine new conductive targets on Viken and 15 on Alum shale properties.
    • Drilling timing contingent on drill permits (expected issuance: 6 weeks to 6 months).
  • Geophysical Surveys: Airborne MobileMT surveys planned for Q2 and Q3 2026 on newly applied-for mineral licences (72,078 hectares) to identify high-priority drill targets.
  • Fieldwork: Geological mapping, prospecting, and geochemical sampling planned for Ardnasvarre, Sagtjarn, and Nianfors properties in Q2/Q3 2026, following up on 2025 UAV-based radiometric and magnetic anomalies.
  • Investor Relations Agreements:
    • Engaged Pareto Securities AB (effective Jan 12, 2026, 12-month term) for research coverage and content creation. Fee: 35,000 SEK/month. Pareto employees hold 150,000 common shares.
    • Engaged Aktiespararnas Serviceaktiebolag (effective Jan 12, 2026, 12-month term) for website articles and videos. Fee: 36,000 SEK (first month), 18,000 SEK/month thereafter. No known security holdings by Aktiespararnas.

Notable Quotes

  • "With uranium exploration and mining officially permitted in Sweden as of Jan. 1, 2026, District is well positioned to unlock the significant potential of its portfolio of uranium properties." — Garrett Ainsworth, CEO
  • "Advancing the Viken deposit with a preliminary economic assessment and economic impact study while simultaneously drilling priority MobileMT targets and expanding our geophysical coverage across the Alum shale properties positions the company to unlock significant value." — Garrett Ainsworth, CEO
Read the original news release →

More from District Metals Corp.

Jul 22, 2026 · 02:01

District’s Viken PEA yields $2.88B NPV while EIS projects $7.66B economic impact.

Production / Operations Jul 17, 2026 · 17:59

District’s Viken PEA confirms a $2.88 billion NPV, though by-product credits mask the underlying uranium cost reality.

Technical Study Jul 06, 2026 · 02:01

District commences expected airborne surveys, advancing its exploration pipeline without immediate catalysts.

Drill Results Jun 24, 2026 · 02:01

District Commences Drilling at the Osterkalen Mineral License within the Alum Shale Properties in Sweden

Drill Results Jun 17, 2026 · 02:01

District Receives Drill Permit for the Osterkalen Mineral License at the Alum Shale Properties in Sweden

Drill Results Jun 15, 2026 · 11:17

District Metals’ Viken project clears a regulatory hurdle after the Swedish Parliament scrapped the municipal veto on uranium exploration.

Regulatory