Go offline with the Player FM app!
District Metals - Viken Deposit Resource Estimate: Confirmed as 2nd Largest Uranium Resource Globally
Manage episode 479916992 series 3374176
I’m joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB), to break down the newly announced resource estimate at the Viken Deposit in Sweden. With 1.5 billion pounds of U₃O₈ at 161 ppm, Viken now ranks as the second-largest uranium deposit in the world.
Key topics covered:- Major upgrade from the 2014 historical estimate with 44% growth in Inferred and 900%+ in Indicated categories.
- Garrett explains how the company advanced the resource without drilling, leveraging historical data.
- Comparison to other global uranium projects, including Olympic Dam and legacy M&A deals in Southern Africa.
- Strategic value of the deposit’s polymetallic makeup, which includes vanadium, nickel, molybdenum, copper, zinc, and potentially rare earth elements.
- Plans for upcoming field work, geophysics, and preparation for a PEA (Preliminary Economic Assessment) pending Sweden’s uranium moratorium vote in September.
- Why this resource could have far-reaching strategic and permitting benefits for Sweden and the EU.
If you have any follow up questions for Garrett please email me at [email protected].
Click here to visit the District Metals website to learn more about the Company.
263 episodes
Manage episode 479916992 series 3374176
I’m joined by Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB), to break down the newly announced resource estimate at the Viken Deposit in Sweden. With 1.5 billion pounds of U₃O₈ at 161 ppm, Viken now ranks as the second-largest uranium deposit in the world.
Key topics covered:- Major upgrade from the 2014 historical estimate with 44% growth in Inferred and 900%+ in Indicated categories.
- Garrett explains how the company advanced the resource without drilling, leveraging historical data.
- Comparison to other global uranium projects, including Olympic Dam and legacy M&A deals in Southern Africa.
- Strategic value of the deposit’s polymetallic makeup, which includes vanadium, nickel, molybdenum, copper, zinc, and potentially rare earth elements.
- Plans for upcoming field work, geophysics, and preparation for a PEA (Preliminary Economic Assessment) pending Sweden’s uranium moratorium vote in September.
- Why this resource could have far-reaching strategic and permitting benefits for Sweden and the EU.
If you have any follow up questions for Garrett please email me at [email protected].
Click here to visit the District Metals website to learn more about the Company.
263 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.