District Metals (DMX.V) has recently announced two additional acquisitions in the Bergslagen district in Sweden, where it already is drilling the past-producing Tomtebo mine, where the initial drill results are excellent. We will discuss both acquisitions in more detail in a report, but we already wanted to provide a brief overview.
In a first deal, District Metals executed a definitive purchase agreement with EMX Royalty Corp (EMX.V, EMX), which also was the vendor of the Tomtebo projects, to acquire the Svärdsjö project. Svardsjo is located about 25 kilometers north of Tomtebo and as it’s less than 50 kilometers away from Boliden’s Garpenberg mine and just 15 kilometers from a past producing mine, the Svardsjo property clearly has the right zip code.
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