District files NI 43-101 PEA technical report for the Viken Deposit
2026-07-22 11:45:28 [Print]
District Metals Corp. has announced the filing of an independent technical report for the Viken Energy Metals Deposit, located within the Viken Property in Jamtland County, central Sweden.
In a news release dated June 2, 2026, the Company outlined that the Preliminary Economic Assessment (PEA) initially described a total life-of-mine production of 127 million tonnes, drawn exclusively from the 456-million-tonne Indicated Mineral Resource Estimate, without incorporating the Inferred Mineral Resource Estimate. However, the Company has since clarified that the mine plan-specifically the process plant feed-actually comprises approximately 77% Indicated Mineral Resources and 23% Inferred Mineral Resources.
Over the projected 13-year mine life, the operation is expected to produce approximately 16 million pounds of V2O5 annually.
The Viken Property encompasses 100% of the Viken Deposit, which hosts the world's largest undeveloped Mineral Resource Estimate of uranium, alongside significant resources of vanadium, potash, molybdenum, nickel, copper, zinc, and other critical raw materials.
In a news release dated June 2, 2026, the Company outlined that the Preliminary Economic Assessment (PEA) initially described a total life-of-mine production of 127 million tonnes, drawn exclusively from the 456-million-tonne Indicated Mineral Resource Estimate, without incorporating the Inferred Mineral Resource Estimate. However, the Company has since clarified that the mine plan-specifically the process plant feed-actually comprises approximately 77% Indicated Mineral Resources and 23% Inferred Mineral Resources.
Over the projected 13-year mine life, the operation is expected to produce approximately 16 million pounds of V2O5 annually.
The Viken Property encompasses 100% of the Viken Deposit, which hosts the world's largest undeveloped Mineral Resource Estimate of uranium, alongside significant resources of vanadium, potash, molybdenum, nickel, copper, zinc, and other critical raw materials.
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