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District Metals Corp. (TSXV: DMX,OTC:DMXCF) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); (“District” or the “Firm”) is happy to announce that MWH Geo-Surveys Worldwide Inc. (“MWH”) has accomplished an in depth Unmanned Aerial Automobile (“UAV”) radiometric and magnetic survey on the Firm’s 100% owned Ardnasvarre Property situated in Norrbottens County in northern Sweden.
The UAV survey on the Ardnasvarre Property has efficiently recognized sturdy and enormous uraniferous radiometric anomalies related to uranium boulder trains sourced from the Viepsajokk and Labbas uranium polymetallic occurrences.
The Labbas uranium polymetallic incidence is a basement-hosted and intrusive-related uranium polymetallic mineralized zone that’s related to a neighborhood magnetic low response that extends past historic drilling, which can point out potential for vital enlargement from this beforehand delineated uranium polymetallic mineralization. Historic drill outcomes from the Labbas uranium zone embrace 7.0 m at 0.17% U3O8 from 50.0 to 57.0 m together with a better grade interval of 0.8 m at 0.94% U3O8 from 53.5 to 54.3 m. The drill outcomes could be discovered within the Geological Survey of Sweden (SGU) database: https://www.sgu.se/en/merchandise/geological-data. Drill outcomes have been transformed from U to U308 (U308=U*1.1792).
The Viepsajokk uranium incidence includes 79 uranium mineralized conglomerate and breccia boulders which can be sourced from the bottom of the late Precambrian Laisvall Sedimentary Formation that unconformably lie above the Precambrian crystalline basement rocks. This unconformity-style uranium mineralization on the Ardnasvarre Property is much like unconformity-style uranium mineralization discovered within the Athabasca Basin in Northern Saskatchewan, Canada, which is thought for prime grades of uranium. In response to the Geological Survey of Sweden in 1984 the Viepsajokk uranium incidence was thought to be some of the promising unconformity-style uranium goal areas, however the 16 proposed holes have been by no means drilled.
Garrett Ainsworth, CEO of District, commented: “The UAV radiometric survey outcomes from our Ardnasvarre Property have revealed two vital uraniferous boulder trains that seem like sourced from the Labbas and Viepsajokk uranium polymetallic occurrences. A boulder prepare is a line or path of mineralized boulders which have been moved from their unique bedrock mineralized supply by glaciers through the ice age. The path of those previous glaciers on the Ardnasvarre Property is from north-northwest to south-southeast, which pinpoints the bedrock mineralized supply space on the north-northwest facet of the boulder prepare.
“The UAV magnetic survey outcomes on the Labbas uranium incidence signifies a magnetic low trough alongside the shoulder of a magnetic excessive the place previous drilling outlined a historic useful resource estimate for uranium on the north-northwest finish of a big uraniferous boulder prepare. These current magnetic outcomes counsel that an intensive strike size stays untested by earlier drilling on the Labbas incidence. The Viepsajokk incidence has by no means been drilled, and the potential bedrock mineralized supply can also be located in a magnetic low trough alongside the shoulder of a magnetic excessive whereas additionally being on the north-northwest finish of a big uraniferous boulder prepare.
“We’re excited by these UAV outcomes and look ahead to advancing our exploration efforts on this extremely potential area of northern Sweden.”
Uranium is usually used as a geochemical pathfinder in mineral exploration as a consequence of its shut affiliation with numerous helpful mineral deposits, together with uncommon earth parts (REEs), base metals, and iron-oxide-copper-gold (IOCG) techniques. In Sweden, sure geological environments present elevated uranium concentrations that will point out the presence of different economically vital metals and minerals. Nevertheless, 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 said they intend to abolish as of January 1, 2026 (see information launch dated September 2, 2025).
Determine 1: Ardnasvarre nr 101 Uraniferous Radiometric and Magnetic Compilation
To view an enhanced model of this graphic, please go to:
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Ardnasvarre Property Highlights:
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The Ardnasvarre nr 1 mineral license is situated inside the Arjeplog-Arvidsjaur uranium province and covers an space of 9,708 hectares (ha) that’s potential for uranium, copper, zinc, lead, and REE.
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Straddles the unconformity between uncovered Svecofennian basement rocks and overlying Caledonide sedimentary rocks the place targets embrace stratabound, unconformity- and intrusive-related uranium and REE mineralization. Further targets embrace sandstone-hosted lead and zinc mineralization, much like the close by historic Laisvall deposit.
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Labbas Uranium Zone: drilling by the SGU within the 1970’s and 1980’s resulted in a historic useful resource estimate of 86,478 tonnes at a median grade 0.12% U3O8 containing 228,780 lbs of U3O8 utilizing a polygon useful resource estimation technique. The Labbas zone incorporates elevated molybdenum and zirconium, and stays open in all instructions. This mineral useful resource is taken into account to be an “historic estimate” underneath NI 43-101 and a certified particular person has not performed ample work to categorise the historic estimate as a present mineral useful resource and District will not be treating the historic estimate as a present mineral useful resource.
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Labbas Uranium Zone: A single gap (LAB08-001) was drilled in 2008 by Continental Valuable Minerals that returned 7.0 m at 0.17% U3O8 from 50.0 to 57.0 m together with a higher-grade interval of 0.8 m at 0.94% U3O8 from 53.5 to 54.3 m. The drill outcomes could be discovered within the Geological Survey of Sweden (SGU) database: https://www.sgu.se/en/merchandise/geological-data. Drill outcomes have been transformed from U to U308 (U308=U*1.1792).
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The Ardnasvarre Property has by no means seen systematic fashionable exploration.
The Firm will not be treating the Ardnasvarre Uranium Property as a mineral challenge materials to the Firm. District has not undertaken any unbiased investigation of the drill outcomes nor has it independently analyzed the drill outcomes so as to confirm the outcomes. District considers these drill outcomes related because the Firm is utilizing this knowledge as a information to plan exploration applications. The Firm’s present and future exploration work contains verification of the historic knowledge by way of drilling.
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 Particular person for the needs of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101“).
Mr. Ainsworth has not verified any of the knowledge relating to any of the properties or tasks referred to herein aside from the Ardnasvarre Mineral Licenses. Mineralization on some other properties referred to herein will not be essentially indicative of mineralization on the Ardnasvarre Mineral Licenses.
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 way of a disciplined science-based strategy 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 Trade previously 12 months.
District is a polymetallic exploration and growth firm targeted on the Viken and Tomtebo Properties in Sweden. The Viken Property covers 100% of the Viken Power Metals Deposit, which incorporates the most important undeveloped Mineral Useful resource Estimate of uranium on the earthi together with vital Mineral Useful resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and different vital and demanding 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 development 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 Power Metals Venture, Jämtland County, Sweden” dated efficient April 25, 2025, which is on the market on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Administrators
“Garrett Ainsworth“
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Cautionary Assertion Relating to “Ahead-Wanting Data”
This information launch incorporates sure statements which may be thought of “forward-looking data” with respect to the Firm inside the that means of relevant securities legal guidelines. In some circumstances, however not essentially in all circumstances, forward-looking data could be recognized by way of forward-looking terminology akin to “plans”, “targets”, “expects” or “doesn’t anticipate”, “is anticipated”, “a chance 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 “might”, “may”, “would”, “may”, “will” or “shall be taken”, “happen” or “be achieved” and any comparable expressions. As well as, any statements that check with expectations, predictions, indications, projections or different characterizations of future occasions or circumstances comprise forward-looking data. Statements containing forward-looking data will not be historic details however as an alternative characterize administration’s expectations, estimates and projections relating to future occasions. Ahead-looking data on this information launch regarding the Firm embrace, amongst different issues, statements regarding 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 based mostly on opinions, assumptions and estimates made by the Firm in gentle of its expertise and notion of historic tendencies, present circumstances and anticipated future developments, in addition to different components that the Firm believes are applicable 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 knowledge 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 ultimately elevate or amend its moratorium on uranium exploration and mining in Sweden; the Firm’s potential to boost ample capital to fund deliberate exploration actions, preserve company capability; stability in monetary and capital markets; the Firm’s potential to finish its deliberate exploration applications; the absence of hostile circumstances at mineral properties; no unexpected operational delays; no materials delays in acquiring crucial permits; the value of metals remaining at ranges that render mineral properties financial.
Ahead-looking data is essentially based mostly on various opinions, assumptions and estimates that, whereas thought of affordable by the Firm as of the date such statements are made, are topic to identified and unknown dangers, uncertainties, assumptions and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially completely 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 potential to boost ample 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 detrimental working money stream and dependence on third-party financing; the uncertainty of extra funding; the uncertainties related to early stage exploration actions together with common financial, market and enterprise circumstances, the regulatory course of, failure to acquire crucial permits and approvals, technical points, potential delays, surprising occasions and administration’s capability to execute and implement its future plans; the Firm’s potential to establish Mineral Sources and Mineral Reserves; the substantial expenditures required to ascertain Mineral Reserves by way of drilling and the estimation of Mineral Reserves or Mineral Sources; the uncertainty of estimates used to calculated mineralization figures; modifications 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; modifications in authorities insurance policies; volatility of the Firm’s share worth; 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 overseas foreign money alternate charges; authorized proceedings and the enforceability of judgments; going concern danger; dangers associated to the Firm’s data expertise techniques and cyber-security dangers; and danger associated to the outbreak of epidemics or pandemics or different well being crises. For added data relating to these dangers, please see the Firm’s MD&A for the fiscal 12 months ended June 30, 2025, underneath the heading “Dangers and Uncertainties”, which is on the market at www.sedarplus.ca. These components and assumptions will not be supposed to characterize a whole checklist of the components and assumptions that might have an effect on the Firm. These components and assumptions, nevertheless, must be thought of fastidiously. Though the Firm has tried to establish components that may 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/270496
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