# District Files NI 43-101 PEA Technical Report for the Viken Deposit

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/district-files-ni-43-101-pea-technical-report-for-the-viken-deposit--c6608f9d-5b99-4bcc-9788-dedba21b8b53

Original source: https://money.tmx.com/en/quote/DMX/news/6980656563092387/district-files-ni-43-101-pea-technical-report-for-the-viken-deposit

Publisher: tmx

Original announcement: 2026-07-17T21:59:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: District Metals Corp.

- Ticker: DMX

- Exchange: TSX

- Region: Jämtland County, Sweden

- Primary commodity: Uranium

- Secondary commodities: Vanadium, Potash

- Document categories: Economic study, Resource update

- Extracted: 2026-09-17 18:59:52 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

District Metals Corp. has filed a NI 43-101 Preliminary Economic Assessment \(PEA\) for the Viken Energy Metals Deposit in Sweden. The study reports a robust after-tax NPV of US$2.88 billion and an IRR of 45.9%, with a 13-year mine life producing significant uranium and vanadium.

Reasoning: The PEA presents very strong economic indicators \(high IRR and NPV\) for a uranium-vanadium project, though the inclusion of a significant Inferred resource component in the mine plan warrants caution.

- Positive factor: High IRR of 45.9%

- Positive factor: Strong NPV of US$2.88 billion

- Positive factor: Short payback period of 2.1 years

- Positive factor: Significant uranium production scale

- Negative factor: Includes 23% Inferred resources in the mine plan

- Negative factor: Preliminary nature of PEA

Facts used in scoring: 1

## Classification and evidence

**PEA Only**

Polarity: neutral

Definition: Only Class 4 / Initial Assessment economics available. Not bankable.

Why it applies: The document is a Preliminary Economic Assessment \(PEA\) as stated in the title and text.

Evidence · text

> Preliminary Economic Assessment \(the " PEA "\)

**Inferred Heavy Feed**

Polarity: negative

Definition: Material Inferred share of LOM mill feed, or the share is undisclosed.

Why it applies: The mine plan includes 23% Inferred Mineral Resources.

Evidence · text

> the mine plan \(process plant feed\) includes approximately 77% Indicated Mineral Resources and 23% Inferred Mineral Resources.

**High IRR**

Polarity: positive

Definition: Post-tax real unlevered IRR in the strong tier or better.

Why it applies: The IRR of 45.9% is in the exceptional tier.

Evidence · text

> Internal Rate of Return \(IRR\) 45.9%

**Fast Payback**

Polarity: positive

Definition: Payback in the strong tier or better, on the required basis.

Why it applies: Payback period of 2.1 years is in the strong tier.

Evidence · text

> Payback Period 2.1 years

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Garrett Ainsworth, P.Geo. is named as the Qualified Person.

Evidence · text

> Mr. Ainsworth is a Qualified Person for the purposes of NI 43-101.

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.