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District Metals Corp
DMX.V • Alum Shale Properties • Ardnasvarre • Nianfors • Sågtjärn • Tomtebo • Viken
District Metals Corp
DMX.V
Latest notebook-shaped company presentation stored for this ticker.
Projects
6
Report date
2026-06-01
Project list
Alum Shale Properties, Ardnasvarre, Nianfors, Sågtjärn, Tomtebo, Viken
Presentation page
Source PDF
Project detail
Alum Shale Properties
Exploring Project
Sweden
Historical conceptual resource estimate; highly prospective; no systematic modern exploration • Concept
Overview
Country
Sweden
Region
Northern Sweden
Current status
6 projects in this company presentation
Report date 2026-06-01
District Metals Corp • DMX.V • 6 projects
Historical conceptual resource estimate; highly prospective; no systematic modern exploration
Classification
Project stage
Explorer
Substage
Concept
Completed milestones
Historical Conceptual Resource Estimate
Resources
Inferred grade
300.0 ppm
Endowment
Grade
300.0 ppm
Best thickness
400.0 m
Notes
Highlights
Tåsjö area hosts one of Sweden's thickest Alum Shale units; conceptual resource estimate.
Resource context
Historical conceptual estimate for Tåsjö Field.
Technical context
No systematic modern exploration; historical drilling and conceptual estimate.
Work ongoing
Future exploration planned.
Next steps
Verification drilling required to upgrade conceptual resource.
Resource extension potential
Large, thick shale units; significant upside potential.
Additional minerals
Rare earth elements, phosphate
Ardnasvarre
Exploring Project
Sweden
Historical resource estimate; open in all directions; no systematic modern exploration • Post-Discovery
Overview
Country
Sweden
Region
Northern Sweden
Current status
Historical resource estimate; open in all directions; no systematic modern exploration
Deposits
1
Classification
Project stage
Explorer
Substage
Post-Discovery
Completed milestones
Historical Resource Estimate
Resources
Inferred
0.2 Mlb
Inferred grade
1,200.0 ppm
Total resources
0.2 Mlb
Endowment
Core endowment
0.2 Mlb
Grade
1,200.0 ppm
Best thickness
3.4 m
Notes
Highlights
Labbas Uranium Zone; historical resource estimate; open in all directions; high-grade uranium boulders.
Resource context
Historical estimate based on drilling in 1970s and 1980s.
Technical context
No systematic modern exploration; historical drilling and resource estimate.
Work ongoing
Future exploration planned.
Next steps
Verification drilling required to upgrade historical resource.
Resource extension potential
Deposit remains open in all directions.
Additional minerals
Rare earth elements
Nianfors
Exploring Project
Sweden
Historical estimate; no systematic modern exploration • Post-Discovery
Overview
Country
Sweden
Region
Northern Sweden
Current status
Historical estimate; no systematic modern exploration
Deposits
1
Classification
Project stage
Explorer
Substage
Post-Discovery
Completed milestones
Historical Resource Estimate
Resources
Inferred
13.0 Mlb
Inferred grade
700.0 ppm
Total resources
13.0 Mlb
Endowment
Core endowment
13.0 Mlb
Grade
700.0 ppm
Notes
Highlights
Majsaberget occurrence; large number of mineralized boulders; historical estimate of at least 12.99 million lbs U3O8.
Resource context
Historical estimate based on boulder sampling and limited drilling.
Technical context
No systematic modern exploration; historical geochemical and boulder sampling.
Work ongoing
Future exploration planned.
Next steps
Verification drilling required to upgrade historical resource.
Additional minerals
Yttrium, molybdenum, thorium
Sågtjärn
Exploring Project
Sweden
Historical inferred resource; open in all directions; no modern systematic exploration • Post-Discovery
Overview
Country
Sweden
Region
Central Sweden
Current status
Historical inferred resource; open in all directions; no modern systematic exploration
Deposits
1
Classification
Project stage
Explorer
Substage
Post-Discovery
Completed milestones
Historical Resource Estimate
Resources
Inferred
1.1 Mlb
Inferred grade
680.0 ppm
Total resources
1.1 Mlb
Cutoff grade
200.0 ppm
Endowment
Core endowment
1.1 Mlb
Grade
680.0 ppm
Notes
Highlights
Historical inferred resource; open in all directions; significant drill intercepts.
Resource context
Historical resource estimate based on 47 drill holes.
Technical context
No systematic modern exploration; historical drilling and resource estimate.
Work ongoing
Future exploration planned.
Next steps
Verification drilling required to upgrade historical resource.
Resource extension potential
Deposit remains open in all directions.
Tomtebo
Unknown
Sweden
Historic mine, currently under exploration by District Metals; no modern systematic exploration yet
Overview
Country
Sweden
Region
Bergslagen Mining District, South Central Sweden
Current status
Historic mine, currently under exploration by District Metals; no modern systematic exploration yet
Viken
Developing Project
Sweden
PEA completed June 2026; updated mineral resource estimate 2025; 100% owned • PEA
Overview
Country
Sweden
Region
Jämtland County
Current status
PEA completed June 2026; updated mineral resource estimate 2025; 100% owned
Permit status
Moratorium on uranium mining lifted Nov 2025; permitting ongoing
Ownership
100.0%
Prospects
9
Classification
Project stage
Developer
Substage
PEA
Active milestone
PEA
Completed milestones
Updated Mineral Resource Estimate
Resources
Measured + indicated
176.0 Mlb
M&I grade
175.0 ppm
Inferred
1,538.0 Mlb
Inferred grade
161.0 ppm
Total resources
1,714.0 Mlb
Endowment
Core endowment
1,714.0 Mlb
Core ownership
100.0%
Grade
161.0 ppm
Field recovery rate
80.0%
Financials
Production rate
3.3
Life of mine
13.0 years
Uranium price used
$85.00/lb
Recovery rate
70.0%
Strip ratio
0.2
Post-tax NPV8
$2,880M
Post-tax IRR
45.9%
Payback
2.1 years
Post-tax cash flow
$531M
Capex
$876M
AISC
$-121.00/lb
Return on capital employed
145.0
Strategics
PEA
2026-06-01
Notes
Highlights
Largest undeveloped uranium deposit in the world; robust PEA; scalability; energy and agricultural security for Sweden and Europe.
Country attractiveness
Sweden is a top mining jurisdiction with strong government and public support, low corporate tax, and established mining industry.
Resource context
Updated mineral resource estimate 2025; PEA 2026.
Permit context
Moratorium on uranium mining lifted Nov 2025; permitting ongoing.
Technical context
Alum Shale hosted; advanced geophysics; robust metallurgy; scalable operation.
Financial context
Multi-billion-dollar NPV potential; strong after-tax economics; negative AISC due to by-product credits.
Economic sensitivity
Base case uranium price assumption US$85/lb U3O8; robust NPV and IRR at this price.
Recent achievements
PEA completed June 2026; updated MRE 2025; MobileMT survey flown 2025.
Work ongoing
Permitting, EIS, drilling, fieldwork, and further economic studies planned.
Next steps
Complete EIS, commence drilling (pending permits), fieldwork, and further economic studies.
Resource extension potential
9 target areas identified outside current deposit; 3 larger and stronger than current deposit signature.
Additional minerals
Vanadium, potash, molybdenum, nickel, copper, zinc, rare earth elements, phosphate