District Metals Corp. (TSXV: DMX, OTC: DMXCF) disclosed its financial performance for the fiscal year ending June 30, 2026. The company closed the period with CAD $16.187 million in cash and cash equivalents, a figure that reflects both operational cash flow and recent financing activities.
Balance sheet and new financing
On May 12, 2026 the firm completed a non-brokered private placement that raised CAD $10 million under the Listed Issuer Financing Exemption. The infusion bolstered the balance sheet, providing additional liquidity to fund exploration, permitting work and corporate overhead. All audited consolidated financial statements for the year are filed on SEDAR+ and can be accessed through the company’s website.
Upcoming reporting dates
District Metals has announced that its next quarterly results, covering the three months to September 30, 2026, will be released on November 27, 2026. The Annual General and Special Meeting of Shareholders is scheduled for December 9, 2026 in Canada, where investors will review the performance and strategic direction of the company.
Viken Deposit PEA highlights
In a technical report filed on July 17, 2026 (effective June 26, 2026), the company presented a Preliminary Economic Assessment for its flagship Viken Property in Jämtland County, Sweden. The study, prepared in accordance with NI 43-101 and approved by President and CEO Garrett Ainsworth, P.Geo projects an after-tax NPV8% of US$2.88 billion an internal rate of return of 45.9 % and a payback period of only 2.1 years. Capital expenditure is estimated at US$876 million generating an average after-tax free cash flow of US$531 million per year over a 13-year mine life.
Company overview and leadership
District Metals is a uranium-focused polymetallic exploration company that also targets vanadium, potash, molybdenum, nickel, copper and zinc. Recognised as a 2025 TSX Venture 50 issuer, the firm prides itself on a disciplined, science-based methodology to create shareholder value. All technical and scientific statements in this release have been reviewed and signed off by Garrett Ainsworth who is a Qualified Person under National Instrument 43-101.
