I’m joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX – OTCQB:DMXCF – Nasdaq First North: DMXSE SDB), to break down the newly announced resource estimate at the Viken Deposit in Sweden. With 1.5 billion pounds of U₃O₈ at 161 ppm, Viken now ranks as the second-largest uranium deposit in the world.

Key topics covered:

  • Major upgrade from the 2014 historical estimate with 44% growth in Inferred and 900%+ in Indicated categories.
  • Garrett explains how the company advanced the resource without drilling, leveraging historical data.
  • Comparison to other global uranium projects, including Olympic Dam and legacy M&A deals in Southern Africa.
  • Strategic value of the deposit’s polymetallic makeup, which includes vanadium, nickel, molybdenum, copper, zinc, and potentially rare earth elements.
  • Plans for upcoming field work, geophysics, and preparation for a PEA (Preliminary Economic Assessment) pending Sweden’s uranium moratorium vote in September.
  • Why this resource could have far-reaching strategic and permitting benefits for Sweden and the EU.

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