Mining Stock Daily District Metals Eyeing an Updated PEA this Year for Viken Alum Shale Deposit
Jan 13, 2026
Garrett Ainsworth, CEO of District Metals, leads the company's exploration of uranium in Sweden's Alum Shale projects. He discusses the recent lifting of the uranium moratorium, enabling exploration starting in 2026. Ainsworth outlines plans for an updated economic assessment, focusing on uranium alongside vanadium and molybdenum. He emphasizes the importance of community engagement and describes the financial status with a CA$9M treasury. The conversation also highlights potential catalysts like ETF rebalancing and upcoming drilling plans.
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PEA To Include Multiple Value Metals
- District Metals will publish an updated PEA for the Viken alum shale deposit including uranium, vanadium, molybdenum, and potash.
- Garrett Ainsworth expects the inclusion of additional metals to materially improve economics versus the 2014 PEA.
Sequence PEA Then Economic Impact Study
- Complete metallurgy work with specialists experienced in alum shale to de-risk processing.
- Publish a PEA then follow quickly with an economic impact study to support social license efforts.
Prioritize Early Community Engagement
- Start community engagement before drill permits and intensify once permits are sought.
- Hire a local community relations manager to build trust and address landowner concerns.