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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 | Sep 2024 | Sep 2023 | Sep 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
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 | -4.01M | -3.12M | -2.33M | -1.21M | -1.31M | -2.73M |
| Net Income | -3.36M | -3.47M | -2.69M | -1.32M | -1.73M | -2.73M |
Balance Sheet | ||||||
| Total Assets | 20.50M | 19.73M | 14.01M | 10.12M | 8.67M | 7.86M |
| Cash, Cash Equivalents and Short-Term Investments | 9.35M | 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 | 493.27K | 801.44K | 1.22M | 119.24K | 294.20K | 592.60K |
| Stockholders Equity | 20.00M | 18.93M | 12.79M | 10.00M | 8.38M | 7.27M |
Cash Flow | ||||||
| Free Cash Flow | -2.14M | -3.82M | -1.03M | -1.46M | -3.72M | -3.31M |
| Operating Cash Flow | -2.13M | -2.82M | -698.05K | -848.43K | -1.10M | -1.87M |
| Investing Cash Flow | -2.51M | -996.64K | -332.86K | -685.24K | -2.73M | -1.62M |
| Financing Cash Flow | 9.43M | 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% | |
59 Neutral | C$236.61M | -209.69 | -4.43% | ― | ― | -18.67% | |
57 Neutral | C$292.96M | -19.13 | -46.64% | ― | ― | -59.57% | |
56 Neutral | C$211.06M | -11.19 | -50.60% | ― | ― | -235.10% | |
53 Neutral | C$86.75M | -5.31 | -102.50% | ― | ― | 44.16% | |
44 Neutral | C$79.21M | -64.93 | -20.92% | ― | ― | 7.50% | |
44 Neutral | C$134.64M | -13.99 | -46.38% | ― | ― | 19.55% |
District Metals Corporate Events
District Metals Corp. reported its second-quarter results for the period ended December 31, 2025, highlighting a cash and cash equivalents balance of $8.817 million. The unaudited interim financial statements have been made available on Canadian securities platform SEDAR+ and the company’s own website for investor review.
The company also announced it will release its third-quarter results for the period ended March 31, 2026, on May 29, 2026. The update underscores District’s ongoing progress in advancing the Viken Energy Metals Deposit in Sweden, reinforcing its positioning as a notable uranium and critical metals player on the TSX Venture Exchange, where it is recognized as a 2025 TSX Venture 50 issuer.
The most recent analyst rating on (TSE:DMX) stock is a Hold with a C$0.37 price target. To see the full list of analyst forecasts on District Metals stock, see the TSE:DMX Stock Forecast page.
District Metals has signed a contract with Expert Geophysics Surveys Inc. to carry out a helicopter-borne Mobile MagnetoTellurics (MobileMT) survey over newly approved mineral licences that form part of its Alum Shale Properties in north-central Sweden. The roughly 2,253 line-kilometre program, expected to begin in late June or early July 2026, will refine targets by integrating fresh geophysical data with existing geological and geochemical information to pinpoint shallow, thick zones of mineralized Alum Shale, building on a 2025 survey that successfully mapped conductors associated with the Viken Energy Metals Deposit.
The company also announced that Vice President, Project Development, Jeremy Veszi will leave his executive role at the end of February 2026 due to external consulting commitments, while continuing to support District through his consulting firm as part of a shift to a team-based advisory model. This operational update underscores District’s intention to advance the Viken Project through targeted technical work and specialized external expertise, potentially enhancing its ability to unlock value from one of the world’s largest undeveloped uranium and energy metals resources.
The most recent analyst rating on (TSE:DMX) stock is a Hold with a C$0.37 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 responded to recent Swedish government indications of a revised approach to municipal veto rights over uranium and Alum Shale mining, including plans to investigate Alum Shale extraction and potentially introduce a new local veto mechanism for such deposits. While uranium exploration and mining in Sweden remain legal following a January 2026 legislative change, the company notes that the practical impact of the latest policy signals on its Swedish assets, including the Viken Property, is still unclear. Management characterizes the government’s engagement with local stakeholders and focus on regulatory clarity as a constructive step toward a predictable, environmentally responsible permitting framework that could support Sweden’s role in supplying critical raw materials to the European Union. District Metals is pressing ahead with its 2026 exploration and development program and advancing a Preliminary Economic Assessment and Economic Impact Study for Viken to highlight the project’s economic, social and strategic benefits, while continuing to monitor policy developments and engage with regulators and communities.
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 appointed seasoned mining executive Jeremy Veszi as Vice President Project Development and granted him stock options as part of his compensation, reinforcing its technical and project-delivery capabilities as it advances the Viken uranium deposit through key economic assessment stages in Sweden. The company has also engaged Lifa Communications, a specialist mining public relations firm with a roster of major industry clients, to bolster its corporate profile, stakeholder engagement and social licence as its Swedish uranium assets attract growing attention, underscoring District’s drive to strengthen both operational execution and community-facing communications around its exploration and development activities.
The most recent analyst rating on (TSE:DMX) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on District Metals stock, see the TSE:DMX Stock Forecast page.
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.