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. 

$DMX.v

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
revenue
cost of revenue
gross profit
selling and marketing expenses						15.65K -	33.18K 111.97%	578.79K 1,644.61%	301.75K 47.86%	122.51K 59.40%
general and administrative expenses	861.48K -	1.01M 17.56%	137.61K 86.41%	125.53K 8.77%	87.00K 30.70%	936.30K 976.27%	991.26K 5.87%	1.80M 81.23%	1.41M 21.46%	1.08M 23.29%
selling general and administrative expenses	861.48K -	1.01M 17.56%	137.61K 86.41%	125.53K 8.77%	87.00K 30.70%	951.96K 994.26%	1.02M 7.61%	2.38M 131.86%	1.71M 27.89%	1.20M 29.65%
research and development expenses
other expenses	-1.27M -		31.44K -							46.56K -
cost and expenses	861.48K -	1.04M 20.21%	154.91K 85.04%	146.55K 5.40%	102.61K 29.98%	967.67K 843.01%	1.09M 12.70%	2.40M 120.32%	1.75M 27.01%	1.30M 25.83%
operating expenses	861.48K -	1.04M 20.21%	154.91K 85.04%	146.55K 5.40%	102.61K 29.98%	967.67K 843.01%	1.09M 12.70%	2.40M 120.32%	1.75M 27.01%	1.30M 25.83%
interest expense
ebitda	-768.50K -	-975.25K 26.90%	-186.33K 80.89%	-151.77K 18.55%	-102.61K 32.39%	-967.67K 843.01%	-1.09M 12.70%	-2.08M 90.32%	-1.78M 14.19%	-1.21M 32.10%
operating income	-861.48K -	-1.04M 20.21%	-186.33K 82.01%	-151.77K 18.55%	-102.61K 32.39%	-967.67K 843.01%	-1.09M 12.70%	-2.08M 90.32%	-1.78M 14.19%	-1.21M 32.10%
depreciation and amortization	39.84K -	60.37K 51.55%
total other income expenses net	-92.99K -	-60.37K 35.07%	31.42K 152.04%	5.22K 83.39%		2 -		-327.18K -	27.43K 108.39%	-44.84K 263.44%
income before tax	-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%
income tax expense	4.28M -	6.60M 54.12%
net income	-5.18M -	-7.69M 48.47%	-123.49K 98.39%	-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%
weighted average shs out	919.31K -	1.30M 41.30%	1.32M 1.46%	13.16M 898.82%	27.74M 110.77%	31.79M 14.57%	34.42M 8.29%	67.77M 96.88%	70.27M 3.69%	72.99M 3.87%
weighted average shs out dil	919.31K -	1.30M 41.30%	1.32M 1.46%	13.16M 898.82%	27.74M 110.77%	31.79M 14.57%	34.42M 8.29%	67.77M 96.88%	70.27M 3.69%	72.99M 3.87%
eps	-5.64 -	-5.92 4.96%	-0.09 98.42%	-0.01 88.58%	-0.00 65.42%	-0.03 721.62%	-0.03 4.28%	-0.04 27.13%	-0.02 38.96%	-0.02 26.83%
epsdiluted	-5.64 -	-5.92 4.96%	-0.09 98.42%	-0.01 88.58%	-0.00 65.42%	-0.03 721.62%	-0.03 4.28%	-0.04 27.13%	-0.02 38.96%	-0.02 26.83%

COM:DISTRICTMETALS

District Metals Corp.

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