Annuncio • May 13
District Metals Corp. announced that it has received CAD 10 million in funding On May 12, 2026, District Metals Corp. closed the transaction. The company issued 14,705,882 common shares at an issue price of CAD 0.68 for gross proceeds of CAD 9,999,999.76. The company issued shares under the Listed Issuer Financing Exemption as supplemented and amended by Blanket Order 45-935. The Shares offered under the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. The Company paid a finder’s fee to Pareto Securities AB (“Pareto”) of CAD 487,504.99 in connection with purchasers introduced by Pareto to the Offering. The Company also paid certain expenses of Pareto reasonably incurred in connection with the Offering. Annuncio • Apr 29
District Metals Corp. announced that it expects to receive CAD 10 million in funding District Metals Corp. announced a non-brokered private placement for issuance of up to 14,705,882 common shares at a price of CAD 0.68 per share for gross proceeds of CAD 9,999,999.76 on April 28, 2026. The shares offered under the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. The offering is scheduled to close by May 12, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV. Annuncio • Feb 27
District Metals Corp. to Report Q3, 2026 Results on May 29, 2026 District Metals Corp. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on May 29, 2026 Annuncio • Jan 13
District Metals Corp. Outlines 2026 Exploration and Development Plans on its Uranium Properties in Sweden District Metals Corp. announced its planned 2026 exploration and development programs across its portfolio of uranium properties in Sweden. The planned work will advance the Company's flagship Viken Property and continue systematic exploration across its extensive sedimentary Alum Shale and basement rock hosted uranium properties. 2026 Exploration and Development Plans: Preliminary Economic Assessment (PEA): P&E Mining Consultants Inc. has been retained to provide a NI 43-101PEA and Technical Report on the Viken Deposit within the Company's Viken Property. METS Engineering Group Pty Ltd. has also been retained to undertake the metallurgical component of the PEA, which is targeted for completion in Second Quarter 2026. Economic Impact Study (EIS):BDO Canada LLP has been retained to articulate the economic and strategic benefits of building and operating a mining operation on the Viken Property to extract uranium, vanadium, potash and other important and critical raw materials. This study will consist of three main modules: Economic Impact, Strategic Benefits and Social License. The EIS, incorporating input from the PEA, is scheduled for completion in Second Quarter or Third Quarter 2026. Drilling of MobileMT Geophysical Targets: Results from the 2025 airborne MobileMT survey confirmed a strong conductive signature associated with the Viken Deposit, which correlates well with historical drill results. The 2025 MobileMT surveys also identified nine new conductive targets on the Viken Property and an additional 15 conductive targets across the Company's Alum Shale Properties. District plans to complete approximately 5,000 to 7,000 m of drilling at the Viken and Alum Shale Properties to test targets prospective for the next potential Viken-style Alum Shale deposit. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Annuncio • Nov 28
District Metals Corp. to Report Q2, 2026 Results on Feb 27, 2026 District Metals Corp. announced that they will report Q2, 2026 results on Feb 27, 2026 Annuncio • Nov 19
District Metals Corp. Announces Positive Results from the Airborne Mobilenetotelluric Survey Conducted over its 100%-Owned Tasjo Alum Shale Property, Located in Jamtland and Vasterbotten Counties, North-Central Sweden District Metals Corp. announced positive results from the airborne Mobile Magnetotelluric ("MobileMT") survey conducted over its 100%-owned Tasjo nr 101 to 108 mineral licenses, located in Jamtland and Vasterbotten Counties, north-central Sweden. On the basis of these encouraging results, the Company has filed several applications for new mineral licenses adjacent to some of the Tasjo mineral licenses that cover possible extensions of MobileMT anomalies. Together with the Osterkalen and Malgomaj mineral licenses, the Tasjo mineral licenses form part of the Company's Alum Shale Properties, collectively covering approximately 79,250 hectares. The high resolution MobileMT survey results, covering approximately 34,300 hectares at the Tasjo mineral licenses nr 101 to 108 has successfully outlined eight low resistivity (highly conductive) anomalies consistent with the MobileMT signature observed at the Company's Viken Deposit as reported in District's news release of September 24, 2025. These results represent a major step forward in District's strategy to delineate drill-ready targets within a largely underexplored region characterized by Alum Shale enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements (REEs). The Viken Deposit contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, potash, molyssdenum, nickel, copper, zinc, and other important and critical raw materials. In Sweden, certain geological environments show elevated uranium concentrations that may indicate the presence of other economically significant metals and minerals. On November 5, 2025 the Swedish Government approved the Proposal to lift the ban on uranium exploration and mining, and, accordingly, the associated legislation is expected to be revised on January 1, 2026. Annuncio • Oct 30
District Metals Corp. Announces Positive Results from the Airborne Mobile Magnetotelluric Survey Conducted over its 100%-Owned Osterkalen Mineral License in Jamtland County, North-Central Sweden District Metals Corp. announced positive results from the airborne Mobile Magnetotelluric ("MobileMT") survey conducted over its 100%-owned Osterkalen mineral license, located in Jamtland County, north-central Sweden. On the basis of these encouraging results, the Company has filed an application for a new mineral license adjacent to the northwest of the Osterkalen nr 101 mineral license that covers the extension of the MobileMT anomaly. The Osterkalen, Tasjo, and Malgomaj licenses together form the Company's Alum Shale Properties, collectively covering approximately 79,250 hectares. All three license areas were surveyed using MobileMT during the summer of 2025. Highlights: MobileMT results have identified an 8 km long by up to 3.5 km wide low resistivity (highly conductive) anomaly that is interpreted to be Alum Shale. The high-resolution MobileMT survey results, covering approximately 7,800 hectares at the Osterkalen Nr 101 mineral license have successfully outlined a strong and laterally extensive low resistivity (highly conductive) anomaly consistent with the MobileMT signature observed at the Company's Viken Deposit as reported in District's news release of September 24, 2025. These findings are a significant advancement in District's strategy to define drill-ready targets within a vast underexplored region known for its Alum Shales that contain important and critical metals and minerals. The Viken Deposit contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and other important and critical raw materials as reported in District's news released from April 29, 2025. Annuncio • Oct 16
MWH Geo-Surveys International Inc. Completes Detailed Unmanned Aerial Vehicle Radiometric and Magnetic Survey At the Company's 100% Owned Ardnasvarre Property Located in Norrbottens County in Northern Sweden District Metals Corp. announced that MWH Geo-Surveys International Inc. has completed a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magnetic survey at the Company's 100% owned Ardnasvarre Property located in Norrbottens County in northern Sweden. The UAV survey at the Ardnasvarre Property has successfully identified strong and large uraniferous radiometric anomalies associated with uranium boulder trains sourced from the Viepsajokk and Labbas uranium polymetallic occurrences. The Labbas uranium polymetallic occurrence is a basement-hosted and intrusive-related uranium polymetallic mineralized zone that is associated with a local magnetic low response that extends beyond historical drilling, which may indicate potential for significant expansion from this previously delineated uranium polymetallic mineralization. An unsuccessful attempt was made to excavate the presumed subglacial outcrop of the mineralisation discovered SW from the "main body". The trenching was done recently and there were a lot of difficulties with water in the trenches. The detailed magnetometer measurement is finished and the result plotted. Mineral resources under the Labbas Uranium Zone Report were classified under previous definition standards and do not match the current categories under NI 43-101. The Company is not aware of any more recent estimates or data available to the Company on the Ardnasvarre Uranium Property. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Ard Nasvarre Uranium Property historical estimate as a current mineral resource. The mineral resource estimate is considered to be a "hist historical estimate" under NI 43-101 and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resources and District is not treating the historical estimate as a current Mineral resource. Annuncio • Sep 25
District Metals Corp. to Report Q1, 2026 Results on Nov 28, 2025 District Metals Corp. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Nov 28, 2025 Annuncio • Sep 24
District Metals Corp. Reports Positive Results from its Airborne Mobile Magnetotelluric Survey at the 100% Owned Viken Energy Metals Property Located in Jamtland County, Central Sweden District Metals Corp. reported positive results from its airborne Mobile Magnetotelluric ("MobileMT") survey at the 100% owned Viken Energy Metals Property located in Jamtland County, central Sweden. The high resolution MobileMT survey conducted by Expert Geophysics Limited successfully identified large-scale low resistivity (highly conductive) anomalies that correlate with the Viken Energy Metals Deposit (the "Viken Deposit"), as confirmed by historic drill holes from 2006 to 2012. The MobileMT survey has also uncovered several additional large-scale low resistivity anomalies located outside of the Viken Deposit highlighting new high-priority targets for follow-up exploration. Furthermore, three of these newly identified target areas on the Viken Property appear to be larger and more robust in signature compared to the Viken Deposit. The MobileMT survey results have successfully mapped the mineralized Alum Shale at the Viken Deposit, which marks a significant technological advancement in the exploration for Alum Shale in Sweden. The MobileMT results at the Viken Deposit reveal the depth and thickness of the Alum Shale, aligning with geological data from past drill holes. In a potential mining context, a shallow and thick deposit is crucial for optimizing the strip ratio and achieving the best economic outcomes. Now that the interpretation of the MobileMT data from the Viken Property is complete, the company is evaluating the optimal location to conduct a Preliminary Economic Assessment, which is anticipated to commence upon, and if, the uranium moratorium in Sweden is lifted, as anticipated. The company plan to leverage this newly identified MobileMT signature of Alum Shales to prioritize target areas outside of the 2025 Viken Deposit mineral resource estimate, as well as across all of Alum Shale Properties. Annuncio • Sep 10
MWH Geo-Surveys International Inc. Completes Detailed Unmanned Aerial Vehicle Radiometric and Magnetic Survey at the 100% Owned Nianfors Property Located in Gavleborgs County, Sweden District Metals Corp. announced that MWH Geo-Surveys International Inc. ("MWH") has completed a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magnetic survey at the 100% owned Nianfors Property located in Gavleborgs County, Sweden. The UAV survey at the Nianfors Property has successfully confirmed known uranium-molybdenum-rare earth elements (REEs) polymetallic occurrences whilst also identifying new target areas. At the Majsaberget uranium polymetallic occurrence, located within mineral license Nianfors®? 102, a total of 889 uraniferous boulders have been historically documented, with assay results ranging from 0.01 to 1.4% U3O8, 0.05 to 0.22% Mo, and 0.08 to 0.69% Y 1-4. As expected, this area produced a strong uraniferous radiometric response during the UAV survey. Notably, a high intensity uraniferous radiometric anomaly was detected along the eastern boundary of Nianfors®?102. This led to the discovery of a new uranium-rich area with a radiometric value approximately 50% stronger than that of the Majsaberget occurrence. As a result of this significant find, a new mineral license application, Nianfors®? 103, was submitted to cover the newly identified target area, located approximately 1.9 km northeast of the Majserget occurrence. Historical uranium geochemical assays have been converted from U to U3O8 (U3O8 = U*1.1792). Mineral resources under the Majsaberget Occurrence Report were classified under previous definition standards and do not match the current categories under NI 43-101. The Company is not aware of any recent estimates or data available to the Company on the Nianfors Property. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Nianfors Property historical estimate as a current mineral resource. The mineral resource estimates is considered to be a "hist historical estimate" under NI 43-101 and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resources and District is not treating the historical estimate as a current Mineral resource. Annuncio • Sep 04
MWH Geo-Surveys International Inc. Completes Detailed Unmanned Aerial Vehicle Radiometric and Magnetic Survey At the Sagtjarn Property Located in the Jamtland and Vasternorrland Counties, Sweden District Metals Corp. announced that MWH Geo-Surveys International Inc. ("MWH") has completed a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magnetic survey at the Sagtjarn Property located in the Jamtland and Vasternorrland Counties, Sweden. The UAV survey at the SagtjAR Property has successfully confirmed known uranium-molybdenum-rare earth elements (REEs) polymetallic occurrences whilst also identifying new target areas. District considers these drill results relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through drilling. Historical Estimate Disclosure: See report titled "Revised Introductory Technical Report on Eight Uranium Properties in Northern Sweden" prepared for Continental Precious Metals Inc., revised and restated September 20, 2005 with an effective date of July 15, 2005 (the "Sagtjarn Report"). The Company views the historical estimate included in the Sagtjarn Report to be relevant and reliable. The authors of the Sagtjarn Report utilized a standardized cut-off of 300 ppm wherever possible to facilitate length weighted borehole grade and historical reserve comparisons. Sagtjarn Report resources are based on Geological Survey of Sweden ("SGU") documentation and the auditing by the authors of the SagtjAR Report of their 'reserve' calculation methodology, certain of the historical SGU estimates should be classified as (then) CIM-style inferred resources on the basis that these estimates are relevant and appear reliable. Both XRF analysis and pulse gamma logging were used in grade determinations, with the pulse gamma logging giving substantially higher volumes and grades. This type of grade over reporting is a common problem with older, traditional reserve estimates and it was/is often accounted for by cutting high values. Mineral resources under the Sagtjarn Report were classified under previous definition standards and do not match the current categories under NI 43-101. The Company is not aware of any more recent estimates or data available to the Company on the Sagtjarn Uranium Property. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Sagtjarn Urania Property historical estimate as a current mineral resource. The mineral resource estimates is considered to be a "historical estimate" under NI 43-101 and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resources and District is not treating the historical estimate as a current Mineral resource. Annuncio • Sep 02
District Metals Corp., Annual General Meeting, Dec 10, 2025 District Metals Corp., Annual General Meeting, Dec 10, 2025. Annuncio • Jul 30
District Metals Corp. Reports Drill Assay Results for Five Drill Holes at the Base Metal Polymetallic Tomtebo Property in the Bergslagen Mining District in South-Central Sweden District Metals Corp. reported on drill assay results for five drill holes (extension TOM-22-038, TOM-25-044, TOM-25-045, KVI-25-001 and KVI-25-002) completed during the February to April 2025 drill program at the base metal polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. Highlights: Drill hole TOM-25-044 intersected multiple zones of stringer style chalcopyrite (copper and gold) mineralization including: 0.40 m at 4.3% Cu, 34 g/t Ag, 0.66 g/t Au (45.70 to 46.10 m); 1.35 m at 1.2% Cu, 8 g/t Ag, 1.21 g/t Au (53.70 to 55.05 m); 4.10 m at 1.7% Cu, 11 g/t Ag, 0.,76 g/t Au (58.50 to 62.60 m); 1.20 m at 0.5% Cu, 8 g/T Ag, 4.48 g/t Au (138.40 to 139.60 m); Drill hole TOM-25-045 intersected 13.0 m at 36 g/t Ag, 2.0% Zn and 0.8% Pb, (561.0 to 574.0 m) including: 5.0 m at 65 g/t Ag, 3.1% Zn and 1.3% Pb (569.0 to 574. 0.0 m) including:5.0 m at 65 g-t Ag, 3.1%. Zn and 1.3%. Drill hole TOM-25-45-045 intersected multiple zones of strongly altered and mineralized footwall rocks including disseminated sphalerite-galena-pyrrhotite-pyrite (zinc, lead, silver) with abundant gahnite (zinc) mineralization which is currently interpreted as the prospective "VMS mineralized horizon" including: 7.85 m at 88 g/t Ag,3.0% Zn and 1.9% Pb (680.40 to 688.25 m); Down-hole electromagnetic results show multiple off-hole conductors: all drill holes were followed up by Bergslagen's in-house, down-hole, three component electromagnetic (DHEM) survey1, and all holes within the broader Steffenburgs zone showed both in-hole and off-hole EM conductors that likely represent sulphide mineralization. Annuncio • Jul 22
District Metals Corp. Commences UAV Radiometric and Magnetic Survey at Uranium Polymetallic Properties in Sweden District Metals Corp. announced that MWH Geo-Surveys International Inc. ("MWH") has been retained to conduct a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magnetic survey at the Ardnasvarre, Sagtjarn, and Nianfors Properties located in Norrbottens, Jamtland, Vasternorrland, and Gavleborgs Counties, Sweden. The radiometric data from this survey will help identify uranium-rich areas for further exploration on the ground that could include prospecting, mapping, and sampling. The Ardnasvarre, Sågtjärn, and Nianfors properties all contain uranium mineralized zones in bedrock that are associated with magnetic highs. The detailed magnetic data will reveal the extent of known uranium zones and potentially identify new targets. The optimal target generated from this UAV survey will be a magnetic high anomaly with an associated uraniferous radiometric “boulder train” that trends towards the south to southeast, which was the dominant direction of the most recent glaciation.” The UAV radiometric and magnetic survey will be flown east to west at 25 to 50 m line spacing of approximately 1,942-, 755-, and 520-line kilometers over the Ardnasvarre, Sågtjärn, and Nianfors Properties, respectively. Radiometric data will be collected with a D230A Gamma-Ray Spectrometer, which measures dose rate, total gamma radiation, and energy windows for potassium, uranium, thorium, and various man-made radionuclides. This is expected to identify potential near-surface uranium anomalies that will be pinpointed for follow up on the ground. The magnetic data will be collected by a Geometrics MagArrow laser pumped Cesium vapor magnetometer, which is well suited for the terrain in Sweden. Annuncio • Jun 24
District Metals Corp. Completes Airborne Mobile MagnetoTellurics System District Metals Corp. announced the completion of a helicopter-borne Mobile MagnetoTellurics System ("MobileMT") survey at the Viken Property, and now the MobileMT system has been moved to the Alum Shale Properties located in the Jamtland and Vasterbottens Counties, north-central Sweden. The MobileMT survey initially commenced at the Viken Property in on June 3, 2025. Preliminary interpretations indicate that the MobileMT survey has successfully mapped out the mineralized Alum Shale host rock of the Viken Energy Metals Deposit, which has validated this geophysical survey for further use at the Company's Alum Shale Properties. The final results and interpretations of the MobileMT survey on the Viken Property will likely be released in third quarter 2025. The MobileMT survey at the Alum Shale Properties will comprise approximately 2,700 line kilometers at 200 meter line spacing, and will aim to identify potential mineralized Alum Shale for follow up confirmation by drilling. The optimal target for further follow up work will comprise the shallowest and thickest parts of mineralized Alum Shale. The MobileMT survey has successfully mapped Out the mineralized Alum Shales in detail at the Viken Energy Metals deposit, and this geophysical signature will be utilized for identifying drill targets at the Alum Shale properties. Annuncio • Jun 04
Sherpa II Holdings Corp. (TSXV:SHRP) entered into definitive purchase agreement to acquire the remaining 20% stake in Bakar Property from District Metals Corp. (TSXV:DMX). Sherpa II Holdings Corp. (TSXV:SHRP) entered into definitive purchase agreement to acquire the remaining 20% stake in Bakar Property from District Metals Corp. (TSXV:DMX) on June 3, 2025. The consideration consists of 1.5 million common equity of Sherpa II Holdings Corp. to be issued for assets of Bakar Property. As part of consideration, an undisclosed value is paid towards assets of Bakar Property. Upon completion, Sherpa II Holdings Corp. will own 100% stake in Bakar Property.
Closing of the transaction remains subject to customary closing conditions including approval by the TSX Venture Exchange. Annuncio • Jun 03
District Metals Corp. Commences Airborne MobileMT Survey At the Viken Property in Sweden District Metals Corp. announced that Expert Geophysics Surveys Inc. ("EGS") has been retained to conduct a helicopter-borne Mobile MagnetoTellurics System ("MobileMT") survey at the Viken Property located in Jamtland County, central Sweden. The MobileMT survey will comprise between 1,387 to 2,346 line kilometers at 200 or 400 meter line spacing over the Viken Property in two phases. Phase 1 will aim to capture the conductive signature of the mineralized Alum Shale host rock that makes up the Viken Energy Metals Deposit. The optimal target for further follow up work will comprise the shallowest and thickest parts of mineralized Alum Shale. The relatively flat lying Alum Shale contains abundant graphite and sulphides that make it a super conductor, which will hopefully be mapped out in detail by the MobileMT survey. ES introduced its MobileMT system in 2018 for use in Airborne Natural Source Audio Frequency MagnetoTellurics ("AFMAG"), positioning it as the most advanced generation of airborne AFMAG technology. This system harnesses energy from global thunderstorm activity, which is converted into an underground electromagnetic plane wave, serving as the primary field in the airborne natural field. The electromagnetic fields and currents induced in the subsurface are then utilized by MobileMT to detect variations in subsurface electrical resistivity to map out geological units of interest. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Annuncio • May 29
District Metals Corp. to Report Fiscal Year 2025 Results on Sep 25, 2025 District Metals Corp. announced that they will report fiscal year 2025 results on Sep 25, 2025 Annuncio • May 13
District Metals Corp. announced that it expects to receive CAD 6 million in funding District Metals Corp. has arranged a non-brokered private placement to issue 18,518,518 common shares at an issue price of CAD 0.27 per share for gross proceeds of CAD 4,999,999.86 and 3,703,703 shares to be priced at CAD 0.27 per share for gross proceeds of CAD 999,999.81; aggregate gross proceeds of CAD 5,999,999.67 on May 12, 2025. The shares offered under the LIFE offering (18,518,518 common shares) will not be subject to a hold period in accordance with applicable Canadian securities laws and The shares offered under the NBPP (3,703,703 shares) will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws. The company anticipates paying a finder's fee to Pareto Securities AB in connection with purchasers that may be introduced by Pareto to the offering. Any finders' fees payable will be in accordance with the policies of the TSX Venture Exchange. The offering is scheduled to close on or about May 21, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
On May 13, 2025, the company announced that the transaction has been fully subscribed. Annuncio • Apr 29
District Metals Corp. Announces NI 43-101 Inferred and Indicated Mineral Resource Estimate for the Viken Energy Metals Deposit District Metals Corp. announced a NI 43-101 Inferred and Indicated Mineral Resource Estimate ("MRE") for the Viken Energy Metals Deposit located within District's 100% owned and royalty free Viken Property in central Sweden. With the current NI 43-101 In preferred and Indicated MRE theiken Energy Metals Deposit is officially the second largest uranium deposit in the world1, and it also contains an immense inventory of important and critical raw materials that will be required for the green energy transition. The stunning growth of the current Viken MRE from the 2006 to 2012 drill data is a testament to the continuity in grade and thickness of the mineralized Alum Shale Formation found across the Viken Deposit. Annuncio • Apr 24
District Metals Corp. Provides Drilling Update on the Tomtebo Property in Sweden District Metals Corp. provided an update from the ongoing core drilling program at the base metal polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. A total of 1,712.5 m in three drill holes has been completed at the Steffenburgs zone within the historic Tomtebo Mine area. Drill targeting was designed to systematically test the broader Steffenburgs zone and its prospective polymetallic mineralized horizon (Rhyolite 1 and Rhyolite 3-4 contact) with aggressive step out of 150 m at depth in order to identify high-grade sea floor massive sulphide lenses in several directions. The drill rig has now moved to Kvistaberget, which is an exploration target located 5 km northeast of the historic Tomtebo Mine. A total of 700 to 1,000 m of drilling in two to three holes is planned at Kvistaberget to test a geophysical SkyTEM conductive anomaly associated with historic mineral occurrences where grab rock sampling returned strong grades of copper and zinc. Based on whole rock geochemistry results, the Kvistaberget target area is located along strike from the volcanic massive sulphide horizon (Rhyolite1 and Rhyolite 3 -4 contact) at the historic Tomtebo mine. Kvistaberget has never been previously drill tested. Highlights: Drill hole TOM22-038 (extended from 391.9 to 659.4 m): intersected 18.9 m of disseminated to stringer style pyrite-pyrrhotite-chalcopyrite mineralization from 498.7 to 517.6 m, which correlates well with a large Borehole electromagnetic off-hole anomaly detected around 503.0 m. Drill hole TOM25-044: intersected multiple zones of strongly altered and sulphide mineralized footwall rocks including: 26.0 m of disseminated to strener style pyrite-pylrhotite with minor chalcopyrite mineralization from 42.0 to 68.0 m, which is interpreted as footwall mineralization, similar to the Gardsgruvan zone. The Steffenburgs zone, historic Tomtebo Mine drill hole plan is shown in Figure 1, and includes the modelled BHEM plates. Figure 2 shows the proposed drill targets at the Kvistaberget area. The company look forward to receiving the drill assay results from Steffenburgs zone in late second quarter 2025. Tracking the prospective VMS horizon (RHyolite 1 and RhyOLite 3-4 contact) associated with the Steffenburgs zone along strike and at depth requires systematic drilling to provide vectors towards polymetallic sulphide mineralization. The whole rock lithogeochemistry sampling will map out the stratigraphic succession and alteration intensity, which will refine further drill targeting. This, together with newly obtained structural data from drill core will significantly improve the geological understanding and structural framework of the historic Tomtebo mine area. Assay results are expected in late second quarter 2025. When drilling at Kvistaberget has been completed then there will be a pause before drilling resumes at the historic Lovas Mine in third quarter 2025. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. Annuncio • Feb 28
District Metals Corp. to Report Q1, 2025 Results on May 29, 2025 District Metals Corp. announced that they will report Q1, 2025 results on May 29, 2025 Annuncio • Feb 05
District Metals Corp. Commences Updates National Instrument 43-101 Mineral Resource Estimate on the Viken Energy Metals Deposit in Sweden District Metals Corp. announced that it has retained P&E Mining Consultants Inc. (“P&E”) to prepare a resource estimate and related report pursuant to National Instrument 43-101 (“NI 43-101”) on the Viken Energy Metals Deposit located in Jämtland County, central Sweden. Continental Precious Minerals Inc. carried out substantial exploration and development work on the Viken Deposit from 2008 to 2014. This work resulted in the definition of uranium polymetallic Mineral Resource Estimates in 2010 and 2014 completed by P&E. These estimates are now considered “historical estimates” for the purposes of NI 43-101. This updated Mineral Resource Estimate and NI 43-101 report on the Viken Energy Metals Deposit will: provide estimates for all of the metals and minerals of interest from the available drill hole assay data that will include vanadium, potash, uranium, molybdenum, nickel, zinc, and copper; develop a net smelter returns (NSR) cut off value using recent metal and mineral prices and updated costs; update the geological interpretation and mineralized Mineral Resource wireframes to identify priority areas for conversion from inferred to indicated, and for potential Mineral Resource growth; include an update on the most recent metallurgical advances for the Viken Deposit’s mineralized host Alum Shale.