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District Metals
(DMX)
District Metals (DMX) vs. iShares MSCI Canada ETF (EWC)
District Metals Business Overview & Revenue Model
District Metals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -25.17K | -45.78K | 0.00 | 0.00 |
| EBITDA | -3.49M | -3.12M | -2.33M | -1.21M | -1.31M | -2.73M |
| Net Income | -3.38M | -3.47M | -2.69M | -1.32M | -1.73M | -2.73M |
Balance Sheet | ||||||
| Total Assets | 19.89M | 19.73M | 14.01M | 10.12M | 8.67M | 7.86M |
| Cash, Cash Equivalents and Short-Term Investments | 9.44M | 9.89M | 6.01M | 2.57M | 1.63M | 3.77M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 273.08K | 801.44K | 1.22M | 119.24K | 294.20K | 592.60K |
| Stockholders Equity | 19.62M | 18.93M | 12.79M | 10.00M | 8.38M | 7.27M |
Cash Flow | ||||||
| Free Cash Flow | -3.04M | -3.82M | -1.03M | -1.46M | -3.72M | -3.31M |
| Operating Cash Flow | -3.02M | -2.82M | -698.05K | -848.43K | -1.10M | -1.87M |
| Investing Cash Flow | -1.73M | -996.64K | -332.86K | -685.24K | -2.73M | -1.62M |
| Financing Cash Flow | 8.56M | 7.69M | 4.37M | 2.55M | 1.69M | 4.62M |
District Metals Technical Analysis
District Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | C$197.09M | -21.32 | -50.60% | ― | ― | -235.10% | |
57 Neutral | C$230.07M | -34.22 | -46.64% | ― | ― | -59.57% | |
53 Neutral | C$224.52M | -68.54 | -4.43% | ― | ― | -18.67% | |
53 Neutral | C$106.03M | -5.66 | -102.50% | ― | ― | 44.16% | |
51 Neutral | C$221.54M | -56.31 | -20.92% | ― | ― | 7.50% | |
42 Neutral | C$188.15M | -12.25 | -46.38% | ― | ― | 19.55% |
District Metals Corporate Events
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.
District Metals Corp. has applied for 11 additional mineral licenses in Sweden that will nearly double the size of its Alum Shale Properties from 79,250 hectares to 151,328 hectares. This strategic expansion enhances exploration opportunities for energy metals relevant to the green energy transition, leveraging favorable geology and geophysical data while maintaining responsible practices by avoiding environmentally sensitive areas. With Sweden recently lifting its uranium exploration ban, this move positions the company as a significant player in the energy metals sector, with elevated opportunities for stakeholders.
District Metals Corp. announced that all resolutions were passed at its recent annual general meeting of shareholders. Key decisions included the election of four board members, the appointment of Davidson & Company LLP as auditors, and the approval of the company’s stock option plan. These outcomes reinforce District Metals’ strategic direction and operational stability, potentially enhancing its position in the mining industry and providing reassurance to stakeholders.
District Metals Corp. has announced positive results from an airborne Mobile Magnetotelluric survey conducted over its Malgomaj mineral licenses in Sweden, identifying large and robust geophysical anomalies. These findings mark a significant advancement in the company’s strategy to delineate drill-ready targets in an underexplored area, potentially hosting substantial uranium and other critical raw materials. The results have prompted the company to apply for a new mineral license to cover potential extensions of these anomalies, reinforcing Malgomaj’s potential as a scalable alum shale discovery.
District Metals Corp. announced its Q1 2026 financial results, highlighting a cash reserve of $9.237 million as of September 30, 2025. Following the Swedish Parliament’s decision to lift the moratorium on uranium exploration and mining, effective January 1, 2026, District Metals plans to advance its exploration programs at its Swedish uranium properties, including the Viken Deposit. This legislative change is expected to significantly impact the company’s operations and enhance its positioning in the mining industry.
District Metals Corp. has launched a new website for its Swedish subsidiary, Bergslagen Metals AB, to enhance community engagement and transparency. The website serves as an informative hub for mineral exploration, governance, and environmental stewardship, and provides a platform for stakeholders to communicate directly with the company. This initiative underscores District’s commitment to responsible mineral exploration and development, aiming to build trust with local communities and contribute to sustainable development in Sweden and Europe’s green energy transition.
District Metals Corp. announced significant findings from their airborne MobileMT survey at the Tåsjö Alum Shale Property in Sweden, identifying eight high-priority targets with low resistivity anomalies. These results align with previous findings at the Viken Property, reinforcing the company’s geological model and advancing their strategy to identify drill-ready targets in an underexplored region. The recent approval by the Swedish Government to lift the ban on uranium exploration and mining further enhances the potential impact of these findings, suggesting a promising future for the company’s operations and stakeholders.
District Metals Corp. has announced that its common shares have been upgraded to trade on the OTCQX Best Market in the United States, enhancing its visibility and accessibility to U.S. investors. This upgrade reflects the company’s adherence to high financial reporting standards and best practices in corporate governance, potentially strengthening its market position and offering new opportunities for stakeholder engagement.
District Metals Corp. has announced that its common shares have been upgraded to the OTCQX Best Market from the OTCQB Market in the United States, trading under the ticker symbol ‘DMXCF’. This upgrade is expected to enhance the company’s visibility and accessibility to U.S. investors, potentially impacting its market positioning positively. The OTCQX Best Market is known for its high financial reporting standards and corporate governance practices, which District Metals has met to qualify for this listing.
District Metals Corp. announced that the Swedish Parliament has repealed the moratorium on uranium mining and exploration, effective January 1, 2026. This legislative change aligns with Sweden’s energy security goals and positions the country to utilize its significant uranium resources. District Metals is poised to advance its exploration programs in Sweden, particularly at the Viken Energy Metals Deposit, which holds substantial uranium resources. The decision is expected to support the green energy transition and enhance Sweden’s role in supplying critical raw materials.
District Metals Corp. has announced promising results from a Mobile Magnetotelluric survey conducted over its Österkälen mineral license in Sweden, revealing a significant alum shale anomaly. This discovery aligns with the company’s strategic goal to identify high-potential mineral targets and expand its portfolio of district-scale assets in Sweden. The findings highlight the potential for significant resource development, despite the current moratorium on uranium exploration in Sweden, which is expected to be lifted in early 2026.
District Metals Corp. has announced the completion of a UAV radiometric and magnetic survey at its Ardnasvarre Property in Sweden, revealing significant exploration potential. The survey identified strong uranium anomalies associated with the Labbas and Viepsajokk occurrences, suggesting potential for expansion and new discoveries. These findings highlight the property’s potential for significant mineralization, aligning with the company’s strategic focus on exploring valuable mineral deposits. The announcement comes as Sweden plans to lift its moratorium on uranium exploration and mining, potentially enhancing the property’s value and District Metals’ position in the market.