District Increases Land Position at the Nianfors Property after Successful UAV Survey in Sweden

Core Insights - District Metals Corp. has successfully completed a UAV survey at its 100% owned Nianfors Property in Sweden, confirming known uranium-molybdenum-rare earth elements occurrences and identifying new target areas [2][3][4] - The survey revealed a new uranium-rich area with radiometric values approximately 50% stronger than previously known occurrences, leading to the submission of a new mineral license application [4][5] - The company emphasizes its commitment to exploring the Nianfors region, which is considered underexplored, and highlights the potential for significant mineral resources [5][18] Company Developments - The UAV survey confirmed the presence of 889 historically documented uraniferous boulders at the Majsaberget occurrence, with assay results ranging from 0.01% to 1.4% U3O8 [3][4] - A new mineral license application, Nianfors nr 103, was submitted to cover the newly identified target area located approximately 1.9 km northeast of the Majsaberget occurrence [4] - The company is preparing to conduct further exploration programs to verify historical data and assess the potential of the Nianfors Property [16][18] Industry Context - Uranium is recognized as a geochemical pathfinder in mineral exploration, indicating the presence of other economically significant metals and minerals [5] - The Swedish government has a moratorium on uranium exploration and mining, which is expected to be lifted on January 1, 2026, potentially opening new opportunities for exploration in the region [5][24]