District Metals Corp. Files Viken Property Report, Advancing Energy Metals Exploration
- District Metals Corp. filed an NI 43-101 Technical Report for its Viken Energy Metals Property in Sweden.
- The Viken Property contains a vast range of mineral resources, including uranium, vanadium, and molybdenum.
- District Metals aims to enhance its resource base, supporting sustainable energy solutions and responsible mining practices.
District Metals Corp. Advances in Energy Metals Sector with Viken Property Report
District Metals Corp. (TSXV: DMX) takes a significant step forward with the filing of an independent NI 43-101 Technical Report for its Viken Energy Metals Property, located in Jämtland County, Sweden. This report, which follows an updated Mineral Resource Estimate (MRE) announced on April 29, 2025, highlights the potential of the Viken Property as a substantial player in the energy metals market. The report, prepared by P&E Mining Consultants Inc., is effective as of April 25, 2025, and underscores the property's vast mineral resources, marking it as a key asset for the company.
The MRE reveals a remarkable range of mineral resources, projecting between 980 to 1,040 million tonnes of targets available for further exploration. The grades of the minerals are noteworthy, including uranium (U3O8) at 140 to 180 parts per million (ppm), vanadium (V2O5) at 2,170 to 2,740 ppm, and molybdenum (Mo) at 210 to 260 ppm. As the largest undeveloped uranium resource globally, the Viken Property also boasts significant quantities of vanadium, molybdenum, nickel, copper, and zinc. This diverse mineral profile not only positions District Metals favorably within the energy transition landscape but also aligns with global efforts to source critical minerals necessary for renewable energy technologies.
The report utilizes consensus economic forecasts for metal prices, estimating $72 per pound for U3O8, $5 per pound for V2O5, $17 per pound for Mo, $8.50 per pound for Ni, $4.25 per pound for Cu, and $1.30 per pound for Zn. While these projections highlight the potential profitability of the Viken Property, the inferred resources carry a lower confidence level. This necessitates further exploration and validation to ascertain their economic viability. As District Metals advances its exploration efforts, the Viken Property is poised to play a critical role in meeting the growing demand for energy metals in a world increasingly focused on sustainable energy solutions.
In addition to the technical report, District Metals Corp. is strategically positioned to leverage the ongoing global push for energy transition. The increasing reliance on renewable energy sources elevates the importance of securing reliable supplies of critical minerals. As such, the Viken Property not only represents a valuable asset for the company but also contributes to broader efforts to establish sustainable energy practices globally.
With the release of this report, District Metals Corp. demonstrates its commitment to enhancing its resource base and contributing to the energy metals sector. The company's focus on responsible mining practices and exploration efforts could position it as a significant player in the sustainable development of energy resources in the future.
