District Metals outlines new target areas at Sagtjarn

Executive Summary

• District Metals completed a detailed UAV‑based radiometric and magnetic survey at the Sagtjarn property in Sweden, confirming known uranium/molybdenum/REE occurrences and identifying new target areas.
• The company filed a new mineral licence (Sagtjarn No. 103) to cover newly discovered anomalies along the southern boundary of licence 102.
• Historical drill data were highlighted, showing multiple intersected zones with up‑to‑0.18 % U₃O₈ over several metres, supporting the potential for further resource expansion.

Key Details

• UAV Survey Outcome: Confirmed existing polymetallic uranium occurrences and revealed coincident radiometric‑magnetic high anomalies prompting a new licence application (Sagtjarn No. 103).
• New Licence Application: Sagtjarn No. 103 filed to encompass the newly identified anomaly zone on the southern edge of licence 102.
• Historical Inferred Resource: 756,000 t at 0.068 % U₃O₈ (≈1,137,585 lb U₃O₈) using a 200 ppm U cut‑off.
• Drill Result Highlights (historical):
• Hole SGT‑77‑007 – 8.7 m @ 0.13 % U₃O₈ (60.3–69.0 m).
• Hole SGT‑77‑011 – 7.0 m @ 0.18 % U₃O₈ (86.0–93.0 m).
• Hole SGT‑79‑011 – 5.2 m @ 0.13 % U₃O₈ (132.6–137.8 m).
• Hole SGT‑80‑001 – 4.6 m @ 0.13 % U₃O₈ (146.5–151.1 m).
• Exploration Outlook: Planned follow‑up ground work includes prospecting, detailed geological mapping and sampling of the newly identified uranium‑enriched zones.
• Regulatory Context: Sweden currently has a moratorium on uranium mining; the government intends to lift it as of 1 Jan 2026 (per prior release).

Notable Quotes

“The results from our first‑ever UAV‑based detailed radiometric and magnetic survey in Sweden are truly compelling… The survey has revealed several new target areas in regions that were previously underexplored or obscured by glacial till.” – Garrett Ainsworth, President & CEO

All technical information prepared/approved by Garrett Ainsworth, P.Geo., qualified person under NI 43‑101.