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District Metals
(OTC:DMX)
District Metals (DMX) vs. S&P 500 (SPY)
District Metals Business Overview & Revenue Model
District Metals Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | ― | 0.00 | 0.00 | ― | EBIT |
| -2.38M | -1.21M | -1.78M | -2.08M | -1.09M | EBITDA |
| -2.69M | 0.00 | -1.31M | -2.08M | -1.09M | Net Income Common Stockholders |
| -2.69M | -1.32M | -1.73M | -2.73M | -1.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.01M | 2.57M | 1.63M | 3.77M | 2.51M | Total Assets |
| 14.01M | 10.12M | 8.67M | 7.86M | 4.73M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -5.86M | -2.53M | -1.51M | -3.64M | -2.51M | Total Liabilities |
| 1.22M | 119.24K | 294.20K | 592.60K | 262.75K | Stockholders Equity |
| 12.79M | 10.00M | 8.38M | 7.27M | 4.47M |
| Cash Flow | Free Cash Flow | |||
| -1.03M | -1.46M | -3.72M | -3.31M | -523.13K | Operating Cash Flow |
| -698.05K | -848.43K | -1.10M | -1.87M | -372.58K | Investing Cash Flow |
| -332.86K | -685.24K | -2.73M | -1.62M | -240.14K | Financing Cash Flow |
| 4.37M | 2.55M | 1.69M | 4.62M | 2.34M |
District Metals Technical Analysis
District Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$192.16M | 0.93 | 223.51% | ― | ― | ― | |
60 Neutral | $336.19M | ― | -2.79% | ― | 19.37% | 31.57% | |
49 Neutral | $1.96B | -1.23 | -21.20% | 3.72% | 0.88% | -29.24% | |
48 Neutral | C$93.47M | ― | -0.96% | ― | ― | 7.41% | |
46 Neutral | C$1.45B | ― | -3.01% | ― | ― | 8.92% | |
36 Underperform | C$13.91M | ― | -349.78% | ― | ― | -184.91% | |
34 Underperform | $40.64M | ― | -32.09% | ― | ― | -72.08% |
District Metals Corporate Events
District Metals Corp. has announced a significant NI 43-101 Inferred and Indicated Mineral Resource Estimate for its Viken Energy Metals Deposit in Sweden, marking it as the second largest uranium deposit globally. This development highlights the strategic importance of the Viken Deposit in providing critical raw materials essential for the green energy transition, with potential implications for future economic assessments and the lifting of Sweden’s uranium mining ban.
Spark’s Take on TSE:DMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMX is a Underperform.
District Metals’ stock score is low primarily due to the significant financial challenges, including no revenue and persistent losses. Technical indicators reflect bearish trends, and valuation metrics are weak. However, recent corporate events and strategic collaborations offer some promise for future growth, slightly mitigating the overall negative outlook.
To see Spark’s full report on TSE:DMX stock, click here.
District Metals Corp. has provided an update on its ongoing drilling program at the Tomtebo Property in Sweden, revealing significant findings at the Steffenburgs zone. The drilling has identified promising polymetallic sulphide mineralization at depth, with notable borehole electromagnetic anomalies detected, indicating potential for high-grade mineral deposits. The company is also initiating exploration at the Kvistaberget target, which has shown strong geophysical and geochemical indicators of mineralization but has never been drilled before. Additionally, District Metals has entered into a collaborative agreement with Boliden to develop the Tomtebo and Stollberg properties, with Boliden having the option to earn a significant interest in the Tomtebo Property, potentially impacting the company’s strategic positioning in the mining sector.
Spark’s Take on TSE:DMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMX is a Neutral.
District Metals’ overall score is low due to significant financial challenges, including no revenue and persistent losses. While the company’s debt-free status is positive, the lack of operational cash flow is concerning. Technical indicators show bearish trends, and valuation metrics are weak. However, recent corporate events, such as promising drill results and strategic expansions, provide some positive outlook and potential for future growth.
To see Spark’s full report on TSE:DMX stock, click here.
District Metals Corp. has announced significant drill assay results from its Stollberg Property in Sweden, revealing promising mineralization that is analogous to Boliden’s nearby Garpenberg Mine. The results, which include high-grade intersections of zinc, lead, and silver, are part of a collaborative effort with Boliden Mineral AB to develop both the Stollberg and Tomtebo properties. This collaboration allows Boliden to earn a significant interest in the Tomtebo Property, which will be managed as a joint venture. The findings suggest potential for new discoveries and highlight the complexity of the geological structures, which may have previously hindered exploration efforts.
District Metals Corp. has received exemptive relief from Canadian securities regulators, allowing it to maintain its status as a ‘venture issuer’ despite listing its depositary receipts on the Nasdaq First North Growth Market in Sweden. This decision provides the company with relief from certain reporting requirements, potentially easing its regulatory burden and supporting its strategic focus on exploration and development activities in Sweden.
District Metals Corp. announced its participation in a Capital Markets Day event, where CEO Garrett Ainsworth will present the company’s developments and engage in a Q&A session. This event, streamed live on YouTube, highlights District’s commitment to transparency and investor engagement, potentially boosting its market presence and stakeholder confidence.
District Metals Corp. has released its Q2 2025 financial and operational results, highlighting significant advancements in its mineral exploration projects. The company has commenced an updated mineral resource estimate for the Viken Energy Metals Deposit and continues to progress its Tomtebo and Stollberg properties with a $3 million exploration budget. Additionally, District Metals acquired a 2% NSR Royalty over the Viken deposit, enhancing its asset value, and began trading its Swedish depositary receipts on Nasdaq First North Growth Market, reflecting its strategic expansion in the European market.
District Metals Corp. has been recognized as one of the Top 50 companies by the TSX-Venture Exchange for 2024, highlighting its success in market capitalization growth, share price appreciation, and trading volume. This accolade underscores the company’s strong performance and commitment to generating shareholder value, serving as a testament to the team’s hard work and resilience.
District Metals Corp., in collaboration with Boliden Minerals AB, has approved a 50% increase in their exploration budget to CDN$3.0M for the Tomtebo and Stollberg Properties in 2025. The company has commenced core drilling at the Tomtebo Property, a significant step that aims to test the Steffenburgs zone with a planned drilling program of 1,500 to 2,000 meters. This strategic move underscores District’s commitment to enhancing its mineral resource base and could strengthen its position within the mining industry, potentially impacting stakeholders through increased exploration activities.
District Metals Corp. has commissioned P&E Mining Consultants Inc. to prepare an updated National Instrument 43-101 Mineral Resource Estimate for the Viken Energy Metals Deposit in Sweden. The new report will include estimates for several metals, such as vanadium, potash, uranium, molybdenum, nickel, zinc, and copper, based on available drill hole assay data. This initiative aims to refine the geological interpretation, update mineral resource wireframes, and assess potential areas for resource growth, reflecting recent advances in metallurgical processing.