Report: District Metals — The PEA Confirms Viken as the EU’s Most Important Uranium Project With a US$2.9B NPV on 3% of the Resource
When District Metals (DMX.V) acquired the Viken polymetallic deposit in Sweden, it didn’t come as a surprise to see that this alum shale hosted a multi-billion ton resource containing about a dozen elements from the periodic table. As the Swedish government still had a ban on exploring for and mining uranium, the project came out of the gate as a vanadium deposit but since the Swedish government has lifted the moratorium on uranium exploration and mining it has become clear that this project could become one of the most important sources of uranium in the European Union…
