District Metals (TSX-V: DMX; US-OTC: DMXCF; Nasdaq: DMXSE SDB) is positioning its Viken project in central Sweden as a potential domestic supply option after the country’s uranium ban was lifted last month.
Sweden’s policy shift and renewed focus on nuclear power are bringing the country “back in the conversation” for uranium, President and CEO Garrett Ainsworth said. The executive describes the alum shale-hosted Viken deposit as the world’s largest undeveloped uranium deposit, second only to BHP’s (ASX, LSE, NYSE: BHP) Olympic Dam in Australia by size.
“Making sure that Sweden and the EU are not getting the fuel for new reactors from bad actors, I think is very important,” Ainsworth told The Northern Miner’s Devan Murugan.
Regulatory clarity remains central to the story. District plans to release a preliminary economic assessment on Viken in the second quarter.
Watch below the interview in full:
The preceding Joint Venture video is PROMOTED CONTENT sponsored by District Metals and produced in co-operation with The Northern Miner. Visit https://districtmetals.com/ for more information.
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