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District Metals raises $10M, reports $8.1M cash, advances Viken Property assessment for Q2 2026 release

Company Fundamentals
29 May 2026
Newsfile Corp
View Source
Bullish
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District Metals Corp. reported $8.141 million in cash as of March 31, 2026, and secured an additional $10 million through a private placement in May 2026. The company is progressing well with the Preliminary Economic Assessment of its flagship Viken Property in Sweden, expected to be released in Q2 2026. District Metals focuses on uranium and polymetallic exploration, holding the largest undeveloped uranium resource globally at Viken. The company plans to report its annual results for the year ending June 30, 2026, on September 25, 2026, positioning itself strongly for operational priorities through the rest of the year.

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