District Metals and Boliden Approve Increased Exploration Budget and Begin Drilling in Sweden

An announcement from District Metals ( (TSE:DMX) ) is now available.

District Metals Corp., in collaboration with Boliden Minerals AB, has approved a 50% increase in their exploration budget to CDN$3.0M for the Tomtebo and Stollberg Properties in 2025. The company has commenced core drilling at the Tomtebo Property, a significant step that aims to test the Steffenburgs zone with a planned drilling program of 1,500 to 2,000 meters. This strategic move underscores District’s commitment to enhancing its mineral resource base and could strengthen its position within the mining industry, potentially impacting stakeholders through increased exploration activities.

More about District Metals

District Metals Corp. operates in the mining industry, focusing on the exploration and development of base metal polymetallic projects. The company primarily targets high-grade mineral resources in the Bergslagen Mining District in south-central Sweden.

YTD Price Performance: -4.30%

Average Trading Volume: 90,762

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $34.58M

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