District Metals Corp (DMX) Financings
TSXV: DMX · Uranium · Advanced Exploration stage
- Market cap$85.0M
- Share price$0.445
- 52-week range$0.355 – $1.65
- Shares outstanding190,961,588
- ExchangeTSXV
- Websitewww.districtmetals.com
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year. District is a uranium polymetallic exploration company focused on its flagship Viken Property in Sweden. The Viken Property covers 100% of the Viken Deposit, which contains the largest undeveloped Mineral Resource Estimate of uranium in the world i along with significant Mineral Resource Estimates of vanadium, potash, molybdenum, nickel, copper, zinc, and other important and critical raw materials. On July 17, 2026, the Company filed a technical report prepared in accordance with NI 43-101 disclosing the results of a Preliminary Economic Assessment (the ' PEA ') for the Viken Deposit that outlined an after-tax NPV 8% of US$2.88 billion, IRR of 45.9%, and payback period of 2.1 years. The assessment included an initial capital cost of US$876 million to generate average after-tax free cash flow of US$531 million per year over the 13 years of life of mine production.
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District Metals Corp financial statements
Key figures read from 39 of 39 financial statement filings, Oct 11, 2016 to Sep 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$16,187,420 | C$9,740,155 | C$5,861,955 | C$2,525,835 | C$1,508,278 |
| Short-term investments | — | — | — | — | C$120,000 |
| Total current assets | C$16,979,752* | C$10,268,177* | C$6,433,612* | C$2,638,322* | C$1,697,060* |
| Exploration and evaluation assets | C$15,113,413 | C$8,909,132 | C$7,548,017 | C$7,360,417 | C$6,916,084 |
| Total assets | C$32,578,059 | C$19,730,871 | C$14,005,032 | C$10,120,963 | C$8,671,995 |
| Total liabilities | C$816,964 | C$801,436 | C$1,217,457 | C$119,242 | C$294,198 |
| Shareholders' equity | C$31,761,095 | C$18,929,435 | C$12,787,575 | C$10,001,721 | C$8,377,797 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$1,935,395 | C$1,125,270 | C$989,401 | C$608,554 | C$586,738 |
| Share-based compensation | C$891,102 | C$1,717,830 | C$858,577 | C$389,481 | C$539,248 |
| Impairments and write-downs | — | — | — | — | C$0 |
| Net income (loss) | (C$4,141,203) | (C$3,466,809) | (C$2,689,754) | (C$1,316,790) | (C$1,726,189) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,769,644) | (C$2,818,500) | (C$698,048) | (C$848,435) | (C$1,098,189) |
| Investing cash flow | (C$2,804,685) | (C$996,639) | (C$332,863) | — | (C$2,725,625) |
| Financing cash flow | C$12,021,594 | C$7,693,339 | C$4,367,031 | C$2,551,233 | C$1,688,388 |
| Exploration spending (capitalized) | (C$2,343,809) | (C$996,639) | (C$328,003) | — | (C$2,679,627) |
| Proceeds from share issues | C$9,381,703 | C$5,576,924 | C$4,027,129 | — | C$1,800,000 |
| Change in cash | C$6,447,265 | C$3,878,200 | C$3,336,120 | C$1,017,557 | (C$2,135,426) |
| Cash at end of period | C$16,187,420 | C$9,740,155 | C$5,861,955 | C$2,525,835 | C$1,508,278 |
District Metals Corp financings
3 financings announced or closed by District Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-29 | District Metals Corp (DMX) | LIFE offering, non-brokered | Closed, 2 tranches | $10.0M | $0.680 | District Closes Books on a $10 Million Private Placement Financing |
| 2025-05-13 | District Metals Corp (DMX) | LIFE offering, non-brokered | Closed, 1 tranche | $6.0M | $0.270 | District’s $6 Million Private Placement Financing Fully Subscribed |
| 2024-01-16 | District Metals Corp (DMX) | Private placement, bought deal | Closed, 1 tranche | $4.5M | $0.220 | District Metals Announces $4 Million Bought Deal Private Placement Financing |