Garrett Ainsworth, President and CEO of District Metals, shares insights into the company’s ambitious plans following the lifting of Sweden's uranium moratorium. He discusses the flagship Viken Project's upcoming Preliminary Economic Assessment and the strategic economic impact study with BDO to bolster community support. Ainsworth reveals an extensive 2026 drilling campaign targeting conductive anomalies across 150,000 hectares of Alum Shale properties, alongside future partnerships for base-metal projects. His excitement for the opportunities unfolding in Sweden is palpable!
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insights INSIGHT
PEA Focus With Specialized Metallurgy
District Metals will complete a Preliminary Economic Assessment (PEA) on the Viken deposit in Q2 2026 led by P&E with METS Engineering handling alum shale metallurgy.
METS' prior work on the neighboring project gives hands-on metallurgical comparability and reduces technical risk.
volunteer_activism ADVICE
Quantify Social And Economic Benefits
Commission an economic impact study to quantify tax revenues and job creation and to strengthen social license for mining projects.
District Metals retained BDO Canada to present third‑party economic benefits after the PEA.
insights INSIGHT
North‑to‑South Drilling Strategy
A 5,000–7,000m 2026 drilling campaign will begin in northern woodlands and progress south toward Viken to test MobileMT anomalies.
Starting north gives time to perfect drilling logistics before reaching more populated farmland near Viken.
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In this company update, Garrett Ainsworth, President and CEO of District Metals (TSX-V: DMX | OTCQX: DMXCF), outlines the company's aggressive 2026 exploration and development plans in Sweden.
Following the official lifting of the uranium exploration and mining moratorium on January 1, 2026, District Metals has transitioned from a "soft start" to full-scale advancement of its world-class portfolio. The company is now focused on the rapid de-risking of its flagship Viken Project and systematic testing of high-priority targets across its extensive Alum Shale and basement-hosted uranium properties.
Key Discussion Points:
Viken Project Advancement: The flagship project has commenced a Preliminary Economic Assessment (PEA) targeted for completion in Q2 2026. This study is being led by P&E Mining Consultants and Mets Engineering Group to leverage their specialized expertise in Alum Shale metallurgy.
Economic Impact Study: The company has retained BDO Canada to quantify regional tax revenues and job creation potential. This is a strategic move to secure the "social license" required for long-term project development.
2026 Drilling Campaign: A 5,000 to 7,000-meter program is planned, beginning in the northern woodlands and moving south toward Viken. The campaign will test 24 MobileMT conductive anomalies identified during 2025 geophysical surveys.
District-Scale Strategy: Controlling nearly 150,000 hectares of Alum Shale properties, District plans to move directly into grid drilling if initial "scout" holes confirm thick mineralization, aiming to rapidly define new resources.
Financial Position: The company enters the year with approximately C$9 million in cash and a 2026 work budget of C$5 to $6 million, remaining well-funded through potential warrant and option exercises.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned
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