District Metals – $6M Financing Fully Subscribed, Strategic Focus on Swedish Uranium Projects
District Metals (TSX.V:DMX – OTCQB:DMXCF – Nasdaq First North:DMXSE SDB) has secured its largest financing to date – a fully subscribed $6 million private placement, priced at $0.27 per share under the LIFE (Listed Issuer Financing Exemption) offering.
President and CEO Garrett Ainsworth joins me to provide insights into the raise, investor interest, and how this funding strengthens District’s position heading into a critical phase of uranium exploration in Sweden.
Key topics discussed include:
- The strategic nature of the raise, with ~$3M coming from a well-known but undisclosed investor group and the rest from Swedish family offices and funds.
- The financing’s objective to expand the Nasdaq shareholder base and support near-term exploration across five Swedish uranium properties.
- Details on upcoming airborne geophysical and radiometric surveys, and the news flow expected this summer.
- Commentary on the pending judicial review and September vote to lift Sweden’s uranium moratorium.
- Market reaction and strong demand: the financing was oversubscribed with $9M in interest and no warrants attached.
- Recap of the recent Viken resource estimate, the second-largest uranium resource globally.
Upcoming catalyst: Judicial review of uranium moratorium legislation expected in May; Swedish Parliament vote in September 2025, airborne geophysics on the uranium projects.
Click here to visit the District Metals Website
This weekend is The Preakness Stakes, if I was a jockey I would be riding WRLG to the finish line, and I wouldn’t have to use the whip and the spurs. LOL! DT 🤩🤣😍
WRLG= West Red Lake Gold
FREAKY FRIDAY AGAIN…………..
Gold is up $60 one day and down $60 the next, wash and rinse. Gold is the only form of real money. This is telling us that the system is broken. When the only form of money is so erratic you can’t have a stable system, period. DT
Gold in 1971…… $35….. Now..$3178…….. 🙂
The consideration represents premiums of approximately 21% and 27%, respectively, on a prorated basis to the closing price and the 20-day volume weighted average price (” VWAP “) of MAG’s common shares on the NYSE American (” NYSEAM “) ending May 9, 2025.
If I was a shareholder of Mag Silver I wouldn’t vote for such a measly amount of 21% and 27%, but I’m sure it will go through because most shareholders will vote the company line and not think for themselves. When Silver starts to really move it will blow 21% on even a stock like Mag Silver out of the water, I would hold out for 50% minimum. DT