Report: “District Metals — Poised to Become Europe’s Uranium Powerhouse”
One would almost forget District Metals (DMX.V) could become one of the largest suppliers of uranium to European end-users. As the company only has a historical resource estimate that was compiled in 2014, it is now planning to bring the historical resource current, using the NI 43-101 standards. It will be interesting to see if and how the current resource with in excess of 1.1 billion pounds of U3O8 in the inferred resource category can be brought current. A NI 43-101 compliant resource calculation should carry more weight than a historical resource calculation…
