District to Commence Trading on Nasdaq First North Growth Market in Sweden

Listing on Nasdaq First North - The company has received approval for its Nasdaq First North Growth Market listing application, and its depositary receipts (DMX SDRs) will begin trading on January 23, 2025, under the symbol "DMXSE SDB" [1] - The listing on Nasdaq First North is expected to expand the company's presence in Europe, broaden its shareholder base, and increase trading volume and visibility to European investors [2] Strategic Importance of Swedish Assets - The company's Viken Deposit is under review by the Geological Survey of Sweden as an area of national interest due to its historical vanadium mineral resource, which is a critical raw material as defined by the European Union [2] - The Swedish government has released an inquiry regarding the potential lifting of the uranium ban, which could positively impact the company's operations [2] - The company has executed a definitive royalty purchase agreement, allowing it to acquire the 2% NSR royalty on the Viken Deposit, making the deposit entirely free of any NSR royalty [2] Company's Asset Portfolio - The company controls highly prospective uranium and base metals polymetallic assets in the Nordic region, providing European investors with a unique opportunity to participate in securing domestic supplies of critical raw materials [3] - The Viken Property covers 100% of the uranium-vanadium Viken Deposit, which has substantial exploration and development expenditures and historic polymetallic resource estimates from 2010 and 2014 [9] - The Tomtebo Property, located in the Bergslagen Mining District, is at an advanced exploration stage and exhibits similar geology, structure, and mineralization as other significant mines in the district [10] Technical and Historical Data - All scientific and technical information in the news release has been prepared or approved by Garrett Ainsworth, PGeo, President and CEO of the company, who is a qualified person under National Instrument 43-101 [4] - The company considers historical exploration results relevant and is using this data as a guide to plan future exploration programs, which include verification through drilling [5][6] Company Overview - District Metals Corp is led by industry professionals with a track record of success in the mining industry, focusing on exploring and developing prospective mineral properties through a disciplined science-based approach [8]