District Metals - Viken Deposit PEA: NPV8% of $2.88 billion, IRR of 45.9%

The Viken Deposit's PEA (Preliminary Economic Assessment — an early-stage economic study) reports a post-tax NPV of $2.88 billion and a 2.1-year payback, driven by valuable byproduct credits from vanadium and molybdenum.

Byproduct credits from the multi-commodity resource create a negative net cash cost for uranium production, meaning the mine effectively pays for uranium extraction through the sale of other metals.

This Phase 1 study evaluates only 3% of the total resource base, leaving significant exploration upside for future expansion at the Swedish project.