District Uncovers High Priority Targets from Airborne MobileMT Survey at the Tasjo Alum Shale Property in Sweden

Core Insights - District Metals Corp. has announced positive results from an airborne Mobile Magnetotelluric (MobileMT) survey over its Tåsjö mineral licenses in Sweden, identifying eight low resistivity anomalies that indicate potential mineralization [1][5][8] Summary by Sections Survey Results - The MobileMT survey covered approximately 34,300 hectares at the Tåsjö mineral licenses, successfully outlining eight target areas characterized by low resistivity, which is consistent with the signature observed at the Viken Deposit [5][7] - The survey generated extensive datasets and revealed numerous geophysical anomalies, marking a significant advancement in the company's strategy to identify drill-ready targets in an underexplored region rich in various minerals [3][5] Mineral License Expansion - Based on the survey results, the company has filed applications for new mineral licenses adjacent to the Tåsjö licenses to cover possible extensions of the identified anomalies [2] Geological Context - The Tåsjö mineral licenses are part of a larger area that includes the Österkälen and Malgomaj licenses, collectively covering approximately 79,250 hectares, and are located 133 km to 170 km northeast of the Viken Property, which hosts the largest undeveloped uranium resource in the world [3][4][6][17] Strategic Importance - The identification of these anomalies reinforces the geological model of the region and highlights the potential for extensive mineralization across the Tåsjö licenses, which are enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements [5][8] Regulatory Environment - The Swedish Government has approved a proposal to lift the ban on uranium exploration and mining, with legislation expected to be revised on January 1, 2026, which could enhance the exploration potential for the company [10]