District Metals - Strategic $10M Financing and "Deposit of National Interest" Designations in Sweden
About this episode
Garrett Ainsworth discusses District Metals' recent financing and 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. Click here to visit the District Metals website to learn more about the…
People in this episode
Guest: Garrett Ainsworth
Topics covered
- financing
- mining
- geological survey
- economic assessment
- national interest
Keywords
- District Metals
- financing
- Häggån Alum Shale
- Geological Survey of Sweden
- Viken
- Preliminary Economic Assessment
- Economic Impact Study
Mentioned in this episode
Organizations: District Metals, Geological Survey of Sweden
Places: Häggån Alum Shale Deposit, Viken, Sweden
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