The timing of our recent update on District Metals (DMX.V) which you can read here could not have been worse. Just hours later, the share price started to slide after Swedish media reported on a revised approach to municipal veto rights, which was rumored to include a decision right on mining alum shales.
While we plan to catch up with CEO Garrett Ainsworth in the next few days (and we will provide an update after our conversations), the company recently posted a video wherein CEO Ainsworth explains what has happened.
The enquiry into mining alum shales will take almost a year, and perhaps it should be seen as a political move as 2026 is an election year in Sweden, so any decision may be lifted over the elections (which will be held in September 2026).
We will report back after talking to Garrett Ainsworth.
Disclosure: The author bought stock during the recent sell-off this week and now has a long position. District Metals is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
