District Metals – Boliden JV Ends, Uranium Moratorium News, Share Price Pop
In this company update I welcome back Garrett Ainsworth, President & CEO of District Metals (TSX.V:DMX – OTCQB:DMXCF – Nasdaq First North: DMXSE SDB), to discuss the company’s latest news and strategy in Sweden.
Key Updates Covered in This Interview:
- Boliden’s decision to terminate the earn-in JV on the Tomtebo and Stollberg base metal projects in Sweden, with District retaining 100% ownership of Tomtebo.
- Why the share price surged on heavy volume despite the JV termination – short squeeze dynamics and renewed focus on uranium.
- Insights into Sweden’s pending uranium moratorium lift, including the August 27th government briefing and expected legislative timeline.
- Upcoming news flow from geophysical surveys across District’s uranium properties, including the Viken Project, the world’s largest undeveloped uranium deposit.
- District’s strong financial position (~C$9M cash) and strategy heading into 2026.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website to learn more about the Company.
The shorts are getting worried about HydroGraph. The CEO is now in Manchester England for two days, Manchester is an industrial hub, and Hydrograph is there for a conference. They are in some really select company. Don’t take my word for it do some DD. DT
Thanks for the District interview. It has been my best performer recently. Boliden’s pull out was initially greeted with a hit yesterday … then reversed and had a good day. Today was the reverse starting good then reversing. As mentioned, coming up on some Government discussions tomorrow on the moratorium. Maybe good day tomorrow … maybe not. But hopefully the positive vibes continue.
District was up the most at open in my accounts but then walked back with everything else. Hopefully the early pop meant the Government discussions went well for retail despite US algo thoughts.
Vince Lanci mentioned this morning that the US has named Silver as a critical metal. Silver miners went down mostly today. Maybe this will be what Silver needs. I added to my Silvee47.
Wednesday AM: According to the ceo.ca district site, the government proposal is to end the moratorium and move forward with a final decision. If final approval, the uranium moratorium will be lifted Jan 1, 2026. That is good news that is following the proposed plan and should be positive. There was some thoughts that shorts were exiting but remains to be seen. Same ol “sell the news” or some other fabricated investment process that is counter intuitive that helps managed money.
Sold 1/4 position- UUUU – @ $13.30