The KE Report District Metals - New Large-Scale Uranium Targets In Sweden & Answering Your Questions On Share Price Correction and Valuation
Dec 4, 2025
Garrett Ainsworth, President and CEO of District Metals, sheds light on the company's exploration and upcoming projects in Sweden. He discusses exciting new large drill targets revealed by mobile MT surveys. Garrett also addresses a recent 50% drop in share price, emphasizing the company's solid financial standing with CAD 9M in cash. He outlines plans for 2026, including permit timelines and the potential of uranium alongside other commodities. His insights into market valuation disparity compared to peers offer a fascinating perspective on the industry's dynamics.
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Mobile MT Reveals Alum Shale Targets
- Mobile MT airborne surveys clearly detect conductive alum shale layers because they contain graphite and stand out geophysically.
- That allows District Metals to map depth and thickness and prioritize shallow, high-potential drill targets efficiently.
Huge Multi-Kilometre Targets Identified
- Several mobile MT anomalies are very large, including Osterkallen (8 km by 3.5 km) and Malgamai target areas ~20 km long.
- These large targets could host multiple separate mineralized alum-shale deposits, giving optionality for future mining scenarios.
Prioritize By Access And Season
- Prioritize targets by accessibility and seasonality because swampy anomalies will require winter drilling.
- Focus early drilling on VEKIN mobile MT targets A and B, then Malgamai and Osterkallen based on logistics and permit readiness.