District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties. The company holds a 100% interest in the Tomtebo property covering an area of 5,143.86 hectares; and Svärdsjö property covering an area of 1,037 hectares located in the Bergslagen mining district of south-central Sweden. It also owns a 100% interest in the Gruvberget property covering an area of 5,286 hectares located in Bergslagen mining district; and 20% interest in the Bakar property covering an area of 9,318 hectares located in North Vancouver Island in British Columbia, Canada. The company was formerly known as MK2 Ventures Ltd. and changed its name to District Metals Corp. in July 2019. The company was incorporated in 1989 and is based in Vancouver, Canada.

District Metals Corp.

District Metals Corp

A primary objective of the Tomtebo drill program includes an aggressive 665 m step out northeast from the historic Tomtebo Mine at a virgin regional target to test a magnetic high anomaly along the Tomtebo Mine Volcanogenic Massive Sulphide (VMS) mineralized horizon. 

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A primary objective of the Tomtebo Drill program includes two step out holes below high grade polymetallic mineralization at the Steffenburgs zone where hole TOM21-028 intersected 30.0 m at 10.9% ZnEq to test for potential extensions of the massive sulphide lenses at depth. $DMX

Garrett Ainsworth, CEO & President of District Metals Corp, will be presenting at Soar Financial Online Session 12 on April 13 at 7:30 PDT.

Register here! https://bit.ly/3v5PNqw

#NewsRelease District Metals Commences Drilling at the Tomtebo Property

Read the full release here: https://bit.ly/3xjefr6

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In regards to recently reported Tomtebo assay results, Rodney Allen, Technical Advisor for District, commented: “The new massive sulphide intersection in hole TOM21-028 provides another excellent intersection in the Steffenburgs zone massive sulphide lens."

$DMX.v #gold #silver

Historic drilling at the Gruvberget North zone intersected numerous significant polymetallic mineralized intervals such as hole GRU1011 that returned 6.1 m at 11.0% ZnEq.

See historic drill assay results 📸

$DMX #gold #silver #zinc #copper #exploration #mining

Bakar property maiden drill program will ideally be completed within H1 2022 and will comprise 800 m in two holes to test the high priority EC Target recently identified by coincident VTEM and ZTEM anomalies, and rock chip samples from outcrop assaying 0.49% to 4.13% Cu.

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Garrett Ainsworth, President and CEO of District Metals joins Korelin Economics Report to outline upcoming drill programs at Tomtebo and Gruvberget Projects in Sweden, and Bakar Copper Property on Northern Vancouver Island in this sponsored interview.

Listen here🎙️:https://bit.ly/3JkRJRQ

	Jun '14	Jun '15	Jun '16	Jun '17	Jun '18	Jun '19	Jun '20	Jun '21	Jun '22	Jun '23
net income	-944.57K -	-1.09M 15.35%	-123.49K 88.67%	-141.33K 14.45%	-102.61K 27.39%	-967.67K 843.01%	-1.09M 12.70%	-2.73M 150.32%	-1.73M 36.77%	-1.32M 23.72%
depreciation and amortization	39.84K -
deferred income tax
stock based compensation	85.59K -	376.35K 339.71%				585.90K -	514.66K 12.16%	794.80K 54.43%	539.25K 32.15%	389.48K 27.77%
change in working capital	65.32K -	-51.44K 178.76%	112.85K 319.37%	-96.07K 185.13%	-24.41K 74.59%	-3.24K 86.71%	203.32K 6,367.60%	-285.90K 240.61%	83.75K 129.29%	-1.13K 101.34%
accounts receivables	24.81K -	60.66K 144.50%				-19.13K -	18.47K 196.54%	-224.23K 1,314.04%	194.54K 186.76%	-18.21K 109.36%
inventory
accounts payables
other working capital	40.51K -	-112.10K 376.74%				15.89K -	184.85K 1,063.54%	-61.66K 133.36%	-110.78K 79.66%	17.08K 115.42%
other non cash items	50.32K -	36.64K 27.18%	-31.44K 185.80%	-5.23K 83.37%				352.94K -	5K 98.58%	80K 1,500%
net cash provided by operating activities	-703.50K -	-727.97K 3.48%	-42.08K 94.22%	-242.63K 476.62%	-127.02K 47.65%	-385.01K 203.10%	-372.58K 3.23%	-1.87M 401.38%	-1.10M 41.21%	-848.43K 22.74%
investments in property plant and equipment	-136.34K -					-263.12K -	-150.54K 42.78%	-1.44M 856.17%	-2.62M 82.16%	-614.67K 76.56%
acquisitions net
purchases of investments
sales maturities of investments	30.99K -	6.11K 80.30%
other investing activites	136.34K -	10.14K 92.56%					-89.59K -	-177.59K 98.22%	-103.50K 41.72%	-70.57K 31.81%
net cash used for investing activites	30.99K -	16.25K 47.57%				-263.12K -	-240.14K 8.73%	-1.62M 573.39%	-2.73M 68.55%	-685.24K 74.86%
debt repayment				-44.31K -
common stock issued	3.17M -	723.18K 77.17%			550K -	5.67K 98.97%	2.40M 42,213.12%	4.75M 97.92%	1.80M 62.11%	3M 66.67%
common stock repurchased
dividends paid
other financing activites			694.31K -	639.80K 7.85%	-2.83K 100.44%	-328 88.39%	-60.04K 18,203.66%	-133.28K 122.01%	-111.61K 16.26%	-448.77K 302.08%
net cash used provided by financing activities	3.17M -	723.18K 77.17%	694.31K 3.99%	595.49K 14.23%	547.17K 8.11%	5.67K 98.96%	2.34M 41,154.65%	4.62M 97.30%	1.69M 63.43%	2.55M 51.10%
effect of forex changes on cash
net change in cash	-387.55K -	-1.66M 329.32%	652.23K 139.20%	352.86K 45.90%	420.15K 19.07%	-642.46K 252.91%	1.73M 368.85%	1.13M 34.48%	-2.14M 288.71%	1.02M 147.65%
cash at beginning of period	2.05M -	1.67M 18.87%	2.07K 99.88%	654.30K 31,523.78%	1.01M 53.93%	1.43M 41.72%	784.85K 45.01%	2.51M 220.07%	3.64M 45.05%	1.51M 58.61%
cash at end of period	1.67M -	2.07K 99.88%	654.30K 31,523.78%	1.01M 53.93%	1.43M 41.72%	784.85K 45.01%	2.51M 220.07%	3.64M 45.05%	1.51M 58.61%	2.53M 67.46%
operating cash flow	-703.50K -	-727.97K 3.48%	-42.08K 94.22%	-242.63K 476.62%	-127.02K 47.65%	-385.01K 203.10%	-372.58K 3.23%	-1.87M 401.38%	-1.10M 41.21%	-848.43K 22.74%
capital expenditure	-136.34K -					-263.12K -	-150.54K 42.78%	-1.44M 856.17%	-2.62M 82.16%	-614.67K 76.56%
free cash flow	-839.84K -	-727.97K 13.32%	-42.08K 94.22%	-242.63K 476.62%	-127.02K 47.65%	-648.13K 410.25%	-523.13K 19.29%	-3.31M 532.26%	-3.72M 12.48%	-1.46M 60.67%

COM:DISTRICTMETALS

District Metals Corp.

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