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District Metals ( (TSE:DMX) ) has shared an update.
District Metals has outlined an expansive 2026 work program across its Swedish uranium portfolio, anchored by the flagship Viken Property, to capitalize on Sweden’s newly opened uranium sector and supportive nuclear energy trends. The company has retained P&E Mining Consultants and METS Engineering to complete a NI 43-101 Preliminary Economic Assessment and metallurgical studies on the Viken Deposit by mid-2026, alongside an Economic Impact Study by BDO Canada assessing the project’s economic, strategic and social-license dimensions. Building on 2025 MobileMT geophysical results that confirmed Viken’s conductive signature and revealed multiple new targets, District plans 5,000–7,000 metres of drilling on Viken and its Alum Shale properties, contingent on permitting, and will fly additional airborne MobileMT surveys if recently filed mineral licence applications—covering over 72,000 hectares—are approved. Follow-up fieldwork including mapping, prospecting and geochemical sampling is slated at Ardnasvarre, Sågtjärn and Nianfors to investigate radiometric and magnetic anomalies, while a new 12‑month agreement with Pareto Securities aims to expand research coverage and investor awareness, collectively positioning the company for potential resource growth and value creation in a liberalizing Swedish uranium market.
The most recent analyst rating on (TSE:DMX) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on District Metals stock, see the TSE:DMX Stock Forecast page.
Spark’s Take on TSE:DMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMX is a Neutral.
Score is held back primarily by pre-revenue status, widening losses, and ongoing cash burn. Strengths include a debt-free balance sheet and a set of positive corporate developments in Sweden (policy change plus exploration progress), while technicals are only moderately supportive and valuation provides little support due to negative earnings and no dividend.
To see Spark’s full report on TSE:DMX stock, click here.
More about District Metals
District Metals Corp. is a Vancouver-based exploration and development company focused on uranium and associated critical raw materials in Sweden, including uranium, vanadium and potash. Its portfolio comprises the flagship Viken Property and a large land position in sedimentary Alum Shale and basement-hosted uranium targets, positioning the company to benefit from Sweden’s recent decision to permit uranium exploration and mining amid strengthening nuclear energy demand.
Average Trading Volume: 798,580
Technical Sentiment Signal: Buy
Current Market Cap: C$216.5M
For a thorough assessment of DMX stock, go to TipRanks’ Stock Analysis page.