District Metals (DMX.V) surprised the market last week with its announcement it applied for an exploration license which encompasses almost 70% of the Viken polymetallic deposit. Once owned by Continental Precious Metals (which reached a multi-hundred million dollar market cap on the back of it), the project was sold for a song at the end of last decade and the licenses lapsed after Sweden officially enacted its uranium mining moratorium.

The new world reality has caused world leaders to rethink their energy policy. Sweden is turning increasingly pro-nuclear power (which, in combination with renewable energy makes up 90% of the electricity production mix) and a domestic source of production could be of national strategic interest to the Scandinavian country…

CLICK HERE to access the article.

District Metals No Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website