The 2025 MRE established the Viken deposit as a polymetallic super giant.
Stock has fallen 70% due to inquiry into alum shale mining risks to environment with a possible result of municipal veto. Inquiry conclusion is expected in 9-12 months around end of year.
However DMX has contracted METS Engineering to show pug processing of alum shale and dry stacked tailings avoid conventional risks to water and environment. PEA by of Q2 this year, economic impact study soonafter. Expecting $300M-$400M free cash flow per year on small/modular 100M tonne starter mine.
The Swedish geological department is likely to designate Viken as national interest project by Q2, along with the European Union designating Viken as strategic project under Critical Raw Materials Act.
The permitting local veto might get tied up in court for a year, but these national designations along with PEA would override a municpal veto in the supreme court of Sweden.
DMX alum shale properties have potentially 5+ more Viken-like deposits per mobile MT surveys, many of these prospective areas will be drill tested for the first time this year.
The Viken deposit alone could solve a large portion of the critical supply chain risks throughout Europe. The uranium and vanadium for energy, and potash for agriculture are essential.
Is DMX super deep value currently? These super giant alum shale deposits are globally unique, like black gold for all of Europe!
https://districtmetals.com/investors/presentations/
