In this Company Update, we are joined by Garrett Ainsworth, President and CEO of District Metals (TSXV: DMX | OTCQB: DMXCF | Nasdaq First North: DMX). Garrett the company’s recent $10million financing and the recent announcement regarding the Geological Survey of Sweden (SGU) designating the Häggån Alum Shale Deposit as a Deposit of National Interest.

Key Discussion Points:

  • Strategic $10M Financing: Garrett explains the decision to raise capital now, despite a strong treasury, and how this “no-warrant” financing protects the company against market volatility.
  • National Interest Designations: A look at the Geological Survey of Sweden’s (SGU) proposal to designate the neighboring Häggån deposit as a “Deposit of National Interest” and what this potentially means for District’s Viken property.
  • Upcoming Milestones at Viken: An overview of the upcoming Preliminary Economic Assessment (PEA) and Economic Impact Study, alongside plans for summer drill programs and airborne surveys across their Alum Shale and polymetallic properties.

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