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District Metals ( (TSE:DMX) ) has issued an announcement.
District Metals Corp. announced the completion of its acquisition of the 2.0% net smelter returns royalty for the Viken Deposit in Sweden, making the deposit free of any NSR royalty obligations. This strategic move enhances the company’s control over a deposit rich in energy metals crucial for green energy and agriculture, aligning with recent governmental initiatives on uranium in Sweden.
More about District Metals
District Metals Corp. operates in the mining industry, focusing on the exploration and development of energy metals deposits essential for the green energy transition. The company is particularly involved in extracting critical metals such as uranium, vanadium, and rare earth elements from the Viken Deposit in Sweden.
YTD Price Performance: -2.51%
Average Trading Volume: 89,789
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $34.97M
See more insights into DMX stock on TipRanks’ Stock Analysis page.
