Mining Stock Daily
District Metals CEO Garrett Ainsworth on Stollberg Drilling and an Update on Sweden's Uranium Moratorium
Mar 26, 2025
Garrett Ainsworth, CEO of District Metals, shares insights into the company's recent achievements and drilling results from the promising Stollberg project in Sweden. He discusses the favorable reception of their shares on the NASDAQ First North Market and highlights significant discoveries of zinc, lead, and silver. Ainsworth also addresses the changing landscape of Sweden's uranium moratorium, hinting at hopeful legislative developments. Exciting exploration plans are on the horizon, particularly for the Viken deposit in 2026.
17:08
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Quick takeaways
- District Metals has seen strong trading activity on NASDAQ with approximately 14.2 million shares in circulation, reflecting robust investor interest.
- The company's proactive strategy for the potential lifting of Sweden's uranium moratorium indicates confidence in future mining operations and mineral resource growth.
Deep dives
Market Performance on NASDAQ
The trading activity of District Metals on the NASDAQ has surpassed initial expectations, with approximately 14.2 million shares in circulation. The trading volume fluctuates between 50,000 to 500,000 shares, indicating strong investor interest and significant turnover. Notably, the NASDAQ market shows a premium of 10% to 30% on shares compared to other listings, attributing this demand to the varying investment currencies and market conditions. This interest suggests that new investors are engaging with the Swedish market, particularly as the Canadian dollar weakens against the Swedish kroner.
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