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District Receives Approval of the Ardnasvarre Mineral License Application in Northern Sweden and Notes Recent Media Report Regarding Support for Uranium Mining and Exploration in Sweden
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - District Metals Corp. (TSXV: DMX...
About this update from District Metals Corp.
[{"type":"text","content":"District Receives Approval of the Ardnasvarre Mineral License Application in Northern Sweden and Notes Recent Media Report Regarding Support for Uranium Mining and Exploration in SwedenVancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - District Metals Corp. (TSXV: DMX) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Ardnasvarre nr 1 mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements (REE) over a 9,708 hectare (ha) area located in Norrbottens County, northern Sweden (Figure 1). The Ardnasvarre Property hosts several uranium, lead-zinc-silver and copper mineralized occurrences that were historically drilled by the Swedish Geological Survey and Boliden, respectively. The Ardnasvarre nr 1 mineral license is in good standing for a three year term that ends on April 17, 2026. Renewal for an additional three years will require payment of mineral license fees to the Swedish Mining Inspectorate, and the completion of at least some geological, geochemical, or geophysical work on the mineral license before April 17, 2026.Additionally, the Company wishes to report that in a recent Swedish media story entitled \"After the nuclear power investments: The Minister for the Environment wants to see uranium mines in Sweden\" (June 19, 2023), the Swedish Minister for the Environment, Romina Pourmokhtari (Liberal), was quoted saying \"I believe that we need uranium mines in Sweden\". Further, the Swedish Minister for Energy and Business, Ebba Busch (Christian Democrats), was quoted saying \"Sweden also needs more uranium to achieve greater fossil-free electricity production\". District welcomes these constructive statements from such prominent figures within the national government.A link to the full article can be found here: https://www.svt.se/nyheter/inrikes/miljoministern-vill-se-urangruvor-i-sverige Ardnasvarre Property Highlights:The Ardnasvarre nr 1 mineral license is located within the Arjeplog-Arvidsjaur uranium province and covers an area of 9,708 ha that is prospective for uranium, copper, zinc, lead, and rare earth elements (REE).The Ardnasvarre Property straddles the unconformity between exposed Svecofennian basemen...