District Metals – New Large-Scale Uranium Targets In Sweden & Answering Your Questions On Share Price Correction and Valuation
In this update, Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX | OTCQX:DMXDF | Nasdaq First North:DMXSE SDB), addresses the recent stock sell-off and multiple new large and high priority targets across their Swedish uranium assets.
Key Discussion Points:
- New Target Generation – Large Mobile MT surveys across Alum Shale properties highlighting large drill targets.
- 2026 Exploration Path – Permit timing, priority zones, and shallow/scalable drill programs.
- Share-Price Volatility – Garrett addresses the ~50% stock pullback, confirming the Company holds $9M CAD in cash and has no need for short-term financing, despite market rumors.
- Valuation Disconnect – DMX trades at $0.08/lb (Inferred U3O8) versus the peer average of $3.44/lb.
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.
Note – District Metals is now traded on the OTCQX. The uplisting from the OTQB was announced on November 12.
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District up since interview posted. Robots read and listen to Kereport.
Price worked up steadily before the announcement of the approval of mining of uranium in Sweden. That part appeared normal stock projection of possible increased value due to permitting possibilities. This action was similar to the ANZ award to Emo after fraud was committed in AZNs original award to another company that was using a shell operation in the original award. EMOs price was walked back over 100% once the “criminal charges” came out and the trial started. This was somewhat bogus due to the overwhelming public evidence that fraud was committed. (It should be noted that the Fraud was a conspiracy between the wealthy corporate perpetrators and gov officials).
In the case of District, I think Garrett is correct that the action is particularly suspicious not only because “anonymous ” is involved but that the walk back started on the approval date of mining uranium in Sweden but never stopped and has been a continuous walk-back from the the date of the announcement. This tells me that their are sellers that have a deep pocket that are trading in a questionable fashion with the assistance (lack of monitoring) by regulatory agencies. Garrett can’t say that and it is hard to prove, but I bet if someone dug into it we, at least, could make a case for “naked shorting” if nothing else. So bottom line ….intervention in free and fair markets.