District Metals – Strategic $10M Financing and “Deposit of National Interest” Designations in Sweden
In this Company Update, we are joined by Garrett Ainsworth, President and CEO of District Metals (TSXV: DMX | OTCQB: DMXCF | Nasdaq First North: DMX). Garrett the company’s recent $10million financing and the recent announcement regarding the Geological Survey of Sweden (SGU) designating the Häggån Alum Shale Deposit as a Deposit of National Interest.
Key Discussion Points:
- Strategic $10M Financing: Garrett explains the decision to raise capital now, despite a strong treasury, and how this “no-warrant” financing protects the company against market volatility.
- National Interest Designations: A look at the Geological Survey of Sweden’s (SGU) proposal to designate the neighboring Häggån deposit as a “Deposit of National Interest” and what this potentially means for District’s Viken property.
- Upcoming Milestones at Viken: An overview of the upcoming Preliminary Economic Assessment (PEA) and Economic Impact Study, alongside plans for summer drill programs and airborne surveys across their Alum Shale and polymetallic properties.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
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There were big gaps to fill on top of yesterday’s big gaps so the fade isn’t nearly as ugly as it seems.
A strong close tomorrow will send the sector much higher next week.
You can see that yesterday’s very short term breakout led to today’s 3.3% gap higher for SLV:GLD:
130 min
https://schrts.co/JcBjVhgS
Stop day trading, dude
Priced in dollars or gold, silver is going up.
https://schrts.co/HfcWEwgG
Technicals are improving but none of big silver miners are anywhere close to firing a buy signal on DeMark 13 or Moxie. I’d rather wait to pull the trigger than get whipsawed.
https://www.tradingview.com/x/UGxCZFy6/
DOLLAR : Ongoing Strength
https://www.tradingview.com/x/PJJ40a2L/
DOLLAR : First Objective Met
Mining stocks are high‑beta, liquidity‑sensitive trades. When markets flip into a risk‑on regime, they rip. When liquidity tightens, they get crushed. They’re structurally more volatile than the bitcoin miners like WULF, IREN or even OPEN. I wouldn’t think them as long term investments despite what others have to say.
CJ, Topping all around, esp SOXX:
https://tinyurl.com/2tatk7wk
Big turn soon. Monday?
BDC, FOMO, especially in semis, is rampant, that’s for sure.
yet another big ugly fade developing across the sector. We just can’t catch a break.