District Metals Update on Viken Field Work and Awaiting Tomtebo Assays

Mining Stock Daily

District Metals provides an update on their land position in Sweden, particularly the Viken deposit, which contains uranium, vanadium, and other metals. The lifting of the uranium moratorium in Sweden is being investigated, and there is a possibility that a proposed bill will go to parliament this fall. District Metals plans to update the preliminary economic assessment (PEA) on the Viken deposit to include vanadium and potash. They may also drill metallurgical holes and convert some inferred resources into indicated. District Metals is considering applying for a listing on the NASDAQ First North Growth Market in Sweden to increase liquidity and allow Swedish investors to participate. Assay results from the Tomtebo property are expected to be released soon.