District Metals Corp. (TSXV: DMX,OTC:DMXCF) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); (“District” or the “Firm”) is happy to announce constructive outcomes from the airborne Cell Magnetotelluric (“MobileMT”) survey performed over its 100%-owned Österkälen mineral license, situated in Jämtland County, north-central Sweden.
On the idea of those encouraging outcomes, the Firm has filed an utility for a brand new mineral license adjoining to the northwest of the Österkälen nr 101 mineral license that covers the extension of the MobileMT anomaly.
The Österkälen, Tåsjö, and Malgomaj licenses collectively type the Firm’s Alum Shale Properties, collectively overlaying roughly 79,250 hectares. All three license areas have been surveyed utilizing MobileMT in the course of the summer season of 2025. The survey produced intensive datasets and recognized quite a few geophysical anomalies, the findings of which will likely be introduced throughout three separate information releases – starting with this one.
The Firm’s Österkälen mineral license is roughly 100 km northeast from the Firm’s 100% owned Viken Property, which hosts the Viken Vitality Metals Deposit.
Highlights:
- MobileMT outcomes have recognized an 8 km lengthy by as much as 3.5 km extensive low resistivity (extremely conductive) anomaly that’s interpreted to be Alum Shale.
- The high-resolution MobileMT survey outcomes (see Figures 1 and a couple of), overlaying roughly 7,800 hectares on the Österkälen nr 101 mineral license have efficiently outlined a robust and laterally intensive low resistivity (extremely conductive) anomaly in line with the MobileMT signature noticed on the Firm’s Viken Deposit as reported in District’s information launch of September 24, 2025.
These findings are a big development in District’s technique to outline drill-ready targets inside a vastly underexplored area recognized for its Alum Shales that include essential and important metals and minerals.
The Viken Deposit accommodates the most important undeveloped Mineral Useful resource Estimate of uranium on the planeti together with vital Mineral Useful resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and different essential and important uncooked supplies as reported in District’s information launch from April 29, 2025.
The MobileMT survey lined roughly 291 line kilometers at 400-meter line spacing throughout the Österkälen Property. The high-priority goal space was chosen primarily based on the shallow depth and thickness of the interpreted Alum Shale. The Alum Shale is usually flat-lying, and is wealthy in graphite and sulphides, making it low resistivity (extremely conductive) and straightforward to detect utilizing the airborne MobileMT system.
Garrett Ainsworth, CEO of District, commented: “The MobileMT survey outcomes from our Österkälen Property are extremely encouraging, and reveal a robust and huge conductive anomaly that aligns with the interpreted Alum Shale horizon. This helps our geological mannequin and company technique, and highlights the numerous potential to host Alum Shale with essential and important uncooked supplies.
With these outcomes, we aren’t solely confirming the presence of a probably excessive tonnage Alum Shale goal, but in addition advancing towards our aim of constructing a uranium polymetallic portfolio of district-scale belongings in Sweden able to delivering significant worth to our shareholders and stakeholders. The mixture of a big, coherent geophysical anomaly, sturdy geological assist, and proximity to infrastructure ranks Österkälen as one among our most compelling development alternatives up to now outdoors of our Viken Property.”
Uranium is usually used as a geochemical pathfinder in mineral exploration on account of its shut affiliation with numerous beneficial mineral deposits, together with uncommon earth parts, base metals, and iron-oxide-copper-gold (IOCG) programs. In Sweden, sure geological environments present elevated uranium concentrations which will point out the presence of different economically vital metals and minerals. Nonetheless, whereas uranium anomalies can information exploration efforts, you will need to word that there’s at the moment a moratorium on uranium exploration and mining in Sweden that the Authorities has acknowledged they intend to abolish as of January 1, 2026 (see information launch dated September 2, 2025).
Determine 1: Österkälen Property MobileMT Survey Leads to Plan View
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/7971/272357_4db9a3b9f478c861_002full.jpg
Determine 2: Cross Part by means of MobileMT Low Resistivity Anomaly at Österkälen Property
To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/7971/272357_4db9a3b9f478c861_003full.jpg
Technical Data
All scientific and technical data on this information launch has been ready by, or accredited by Garrett Ainsworth, P.Geo, President and CEO of the Firm. Mr. Ainsworth is a Certified Individual for the needs of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101“).
Mr. Ainsworth has not verified any of the knowledge relating to any of the properties or initiatives referred to herein apart from the Österkälen Property. Mineralization on another properties referred to herein just isn’t essentially indicative of mineralization on the Österkälen Property.
About District Metals Corp.
District Metals Corp. is led by business professionals with a observe report of success within the mining business. The Firm’s mandate is to hunt out, discover, and develop potential mineral properties by means of a disciplined science-based method to create shareholder worth and profit different stakeholders. District is a 2025 TSX Enterprise 50 firm, rating among the many top-performing issuers on the TSX Enterprise Alternate previously yr.
District is a polymetallic exploration and growth firm centered on the Viken and Tomtebo Properties in Sweden. The Viken Property covers 100% of the Viken Vitality Metals Deposit, which accommodates the most important undeveloped Mineral Useful resource Estimate of uranium on the planeti together with vital Mineral Useful resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and different essential and important uncooked supplies.
The superior exploration stage Tomtebo Property is situated within the Bergslagen Mining District of south-central Sweden and is located between the historic Falun Mine and Boliden’s Garpenberg Mine which can be situated 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and quite a few polymetallic showings are situated on the Tomtebo Property alongside an approximate 17 km pattern that reveals comparable geology, construction, alteration and VMS/SedEx fashion mineralization as different vital mines inside the district.
For additional data on the Viken Property, please see the technical report entitled “NI 43-101 Up to date Mineral Useful resource Estimate and Technical Report on the Viken Vitality Metals Challenge, Jämtland County, Sweden” dated efficient April 25, 2025, which is out there on SEDAR+ at www.sedarplus.ca.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Cautionary Assertion Concerning “Ahead-Wanting Data”
This information launch accommodates sure statements that could be thought of “forward-looking data” with respect to the Firm inside the which means of relevant securities legal guidelines. In some circumstances, however not essentially in all circumstances, forward-looking data might be recognized by way of forward-looking terminology equivalent to “plans”, “targets”, “expects” or “doesn’t anticipate”, “is anticipated”, “a possibility exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “doesn’t anticipate” or “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “may”, “would”, “would possibly”, “will” or “will likely be taken”, “happen” or “be achieved” and any comparable expressions. As well as, any statements that consult with expectations, predictions, indications, projections or different characterizations of future occasions or circumstances include forward-looking data. Statements containing forward-looking data will not be historic information however as an alternative symbolize administration’s expectations, estimates and projections relating to future occasions. Ahead-looking data on this information launch referring to the Firm embody, amongst different issues, statements referring to potential lifting of the present ban on uranium mining in Sweden; exploration potential; and similarities of exploration properties to different mineral deposits.
These statements and different forward-looking data are primarily based on opinions, assumptions and estimates made by the Firm in gentle of its expertise and notion of historic traits, present circumstances and anticipated future developments, in addition to different components that the Firm believes are acceptable and affordable within the circumstances, as of the date of this information launch, together with, with out limitation the reliability of exploration and drill outcomes; assumptions with respect to similarities of exploration properties to different mineral deposits; reliability of information and the accuracy of publicly reported data relating to present, previous and historic mines within the Bergslagen district and in respect of the Swedish properties; that the Swedish authorities will finally raise or amend its moratorium on uranium exploration and mining in Sweden; the Firm’s capability to boost enough capital to fund deliberate exploration actions, keep company capability; stability in monetary and capital markets; the Firm’s capability to finish its deliberate exploration packages; the absence of antagonistic circumstances at mineral properties; no unexpected operational delays; no materials delays in acquiring crucial permits; the worth of metals remaining at ranges that render mineral properties financial.
Ahead-looking data is essentially primarily based on plenty of opinions, assumptions and estimates that, whereas thought of affordable by the Firm as of the date such statements are made, are topic to recognized and unknown dangers, uncertainties, assumptions and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such forward-looking data, together with however not restricted to dangers related to the next: the reliability of historic knowledge on District’s properties; the Firm’s capability to boost enough capital to finance deliberate exploration; that the Swedish authorities maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; the Firm’s restricted working historical past; dangers associated to the Firm’s geological interpretations; the Firm’s unfavourable working money movement and dependence on third-party financing; the uncertainty of extra funding; the uncertainties related to early stage exploration actions together with normal financial, market and enterprise circumstances, the regulatory course of, failure to acquire crucial permits and approvals, technical points, potential delays, sudden occasions and administration’s capability to execute and implement its future plans; the Firm’s capability to establish Mineral Sources and Mineral Reserves; the substantial expenditures required to ascertain Mineral Reserves by means of drilling and the estimation of Mineral Reserves or Mineral Sources; the uncertainty of estimates used to calculated mineralization figures; adjustments in governmental laws; compliance with relevant legal guidelines and laws; competitors for future useful resource acquisitions and expert business personnel; reliance on key personnel; title issues; conflicts of curiosity; environmental legal guidelines and laws and related dangers, together with local weather change laws; land reclamation necessities; adjustments in authorities insurance policies; volatility of the Firm’s share value; the unlikelihood that shareholders will obtain dividends from the Firm; potential future acquisitions and joint ventures; infrastructure dangers; fluctuations in demand for, and costs of metals; fluctuations in international foreign money alternate charges; authorized proceedings and the enforceability of judgments; going concern threat; dangers associated to the Firm’s data expertise programs and cyber-security dangers; and threat associated to the outbreak of epidemics or pandemics or different well being crises. For extra data relating to these dangers, please see the Firm’s MD&A for the fiscal yr ended June 30, 2025, beneath the heading “Dangers and Uncertainties”, which is out there at www.sedarplus.ca. These components and assumptions will not be supposed to symbolize an entire listing of the components and assumptions that would have an effect on the Firm. These components and assumptions, nonetheless, ought to be thought of fastidiously. Though the Firm has tried to establish components that might trigger precise actions, occasions or outcomes to vary materially from these disclosed within the forward-looking data or data, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. Additionally, lots of such components are past the management of the Firm. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The forward-looking data is made as of the date of this information launch, and the Firm assumes no obligation to publicly replace or revise such forward-looking data, besides as required by relevant securities legal guidelines.
i S&P World Market Intelligence – Market Intelligence Analysis
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/272357
