Yesterday, January 3rd, District Metals (“District” or the “Company”) (TSX.V:DMX – OTCQB:DMXCF – FRA:DFPP) announced the Company has consolidated 100% of the Viken energy metals Deposit in Sweden by acquiring the remaining four mineral licenses.
Garrett Ainsworth, President and CEO of District joins me to discuss the process of consolidating the Viken Deposit over the past couple years. I also have Garrett explain the size of the deposit, which is “the largest undeveloped Alum Shale uranium-vanadium-potash-molybdenum-nickel-copper-zinc deposit in Sweden” and the initial work plans for this year.
Now the Company holds a total of 5 uranium projects in Sweden. This brings up the question of the moratorium on uranium mining and exploration in Sweden that was imposed in 2018. Over the past year the Swedish government has discussed lifting the moratorium.
To close out the interview I have Garrett provide an update on the Joint-Venture (“JV”) with Boliden Mineral AB at the Tomtebo and Stollberg Projects. Initial work is expected to begin this month.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to read over the yesterday’s news release for the full details on the Viken Deposit.