Northwire Canada EditionThursday, November 12, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,881.60 −3.0% Silver 49.96 −3.9% Copper 6.19 −1.5% Oil 88.73 +2.5% Palladium 991.75 −5.2% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% TWO 0.340 −8.1% BIG 1.03 +8.4% VCG 1.06 −3.6% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.370 −7.5% ZEN 0.520 −5.5% Gold 3,881.60 −3.0% Silver 49.96 −3.9% Copper 6.19 −1.5% Oil 88.73 +2.5% Palladium 991.75 −5.2% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% TWO 0.340 −8.1% BIG 1.03 +8.4% VCG 1.06 −3.6% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.370 −7.5% ZEN 0.520 −5.5%
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.

Nov 10, 2026 · 02:01

District partners with LTU to advance pyrite research and de-risk processing at the Viken alum shale project.

M&A / Property Nov 02, 2026 · 02:01

District Intersects up to 198 m of Cumulative Alum Shale in Drill Hole VIK-26-005 at Target A on the Viken Property

Drill Results Oct 28, 2026 · 02:01

District reports high-grade uranium and critical metal geochemistry at the Sagtjarn project in Sweden.

Drill Results Oct 26, 2026 · 02:01

District geochemical sampling highlights uranium, yttrium and molybdenum potential ahead of planned drilling at the Nianfors project.

Drill Results Oct 13, 2026 · 02:01

District’s Viken Target A encountered 155 metres of shale, with no assay results or grades currently available.

Drill Results Oct 06, 2026 · 02:01

District begins Viken drilling in Sweden to test high-grade conductive anomalies at its project.

Drill Results