District Metals - Viken Deposit Resource Estimate: Confirmed as 2nd Largest Uranium Resource Globally
I’m joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB), to break down the newly announced resource estimate at the Viken Deposit in Sweden. With 1.5 billion pounds of U₃O₈ at 161 ppm, Viken now ranks as the second-largest uranium deposit in the world.
Key topics covered:
- Major upgrade from the 2014 historical estimate with 44% growth in Inferred and 900%+ in Indicated categories.
- Garrett explains how the company advanced the resource without drilling, leveraging historical data.
- Comparison to other global uranium projects, including Olympic Dam and legacy M&A deals in Southern Africa.
- Strategic value of the deposit’s polymetallic makeup, which includes vanadium, nickel, molybdenum, copper, zinc, and potentially rare earth elements.
- Plans for upcoming field work, geophysics, and preparation for a PEA (Preliminary Economic Assessment) pending Sweden’s uranium moratorium vote in September.
- Why this resource could have far-reaching strategic and permitting benefits for Sweden and the EU.
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.
