District Metals Corp. has recently received final approvals from the Bergsstaten (Mining Inspectorate) in Sweden for eight new mineral licenses to explore for vanadium, nickel, molybdenum, zinc, rare earth elements, and other elements in central and north-central Sweden. These licenses cover a total area of 91,470 hectares and are in good standing for a three-year term.
The company’s CEO, Garrett Ainsworth, expressed excitement about the approval, stating that the ground covered by the licenses is highly prospective for Alum Shale deposit targets. Alum Shale deposits in Sweden contain critical energy metals necessary for the green energy transition and are large and shallow, simplifying the exploration process.
The mineral licenses include Viken nr 4, which increases the Viken Property area from 9,367 hectares to 37,211 hectares, and Tåsjö nr 106 to 108, which extend the Tåsjö Property area to 34,317 hectares. Malgomaj nr 1001 to 1003 and Österkälen nr 101 also offer significant exploration opportunities for the company.
With plans for prospecting, mapping, and geochemical sampling throughout 2024, District Metals Corp. aims to refine its drill targets and advance exploration work on these new mineral licenses. The company’s focus on these areas aligns with its strategy to create shareholder value and benefit other stakeholders.
District Metals Corp. is a polymetallic exploration and development company with a strong track record in the mining industry. The company’s continued efforts in the Swedish mining sector reflect its commitment to discovering and developing valuable mineral properties in the region.
