Base metals edged lower as investors waited for a bundle of US economic data that’s been delayed by the government shutdown https://t.co/8ReAdnRhqA ...

Core Insights - District Metals Corp. has announced significant exploration potential at its Ardnasvarre Property in Sweden following a detailed UAV radiometric and magnetic survey [1][2][5] Exploration Results - The UAV survey identified strong uraniferous radiometric anomalies linked to uranium boulder trains from the Viepsajokk and Labbas occurrences [2][5] - The Labbas occurrence shows potential for significant expansion, with historical drill results indicating 7.0 meters at 0.17% U3O8, including a higher-grade interval of 0.8 meters at 0.94% U3O8 [3][6] - The Viepsajokk occurrence consists of 79 uranium mineralized boulders and is considered one of the most promising unconformity-style uranium target areas [4][6] Geological Context - The Ardnasvarre Property is located in a region with geological similarities to the Athabasca Basin, known for high-grade uranium deposits [4][8] - The property covers 9,708 hectares and is prospective for uranium, copper, zinc, lead, and rare earth elements, straddling the unconformity between Svecofennian basement rocks and Caledonide sedimentary rocks [13] Historical Data - Historical drilling at the Labbas zone estimated a resource of 86,478 tonnes at an average grade of 0.12% U3O8, containing 228,780 pounds of U3O8 [13] - The company plans to verify historical data through further exploration, including drilling [11][13] Future Outlook - The company is optimistic about advancing exploration efforts in the Ardnasvarre Property, especially with the potential lifting of the current moratorium on uranium exploration and mining in Sweden set for January 1, 2026 [8][19]

Base metals advanced in London as data pointed to surprising strength in China’s overall export activity — an important driver of demand for industrial commodities in the world’s second-biggest economy https://t.co/D12AcQSvTG ...