District Increases Land Position at the Sågtjärn Property after Successful UAV Survey in SwedenSeptember 03, 2025 2:00 AM EDT | Source: District Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that MWH Geo-Surveys International Inc. ("MWH") has completed a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magne ...

VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Blast Resources Inc. (“Blast” or the “Company”) (CSE: BLST | FSE: O0E) is pleased to announce that it has contracted Mr. Steven R. McMullen to complete a Technical Report (the “Report”) in accordance with National Instrument 43-101 on its 100% owned Wales Lake South Project (“Project”) located in the highly prospective southwestern Athabasca Basin region of northern Saskatchewan, Canada. Mr. McMullan has world-wide experience in mineral explora ...

Core Insights - Integral Metals Corp. has successfully completed its 2025 diamond drilling program at the KAP Project in the Northwest Territories, aiming to enhance understanding of mineralization and evaluate broader potential [1][2][3] Company Overview - Integral Metals is an exploration stage company focused on critical minerals such as gallium, germanium, and rare earth elements, with the goal of contributing to a domestic supply chain for these minerals [6] Drilling Program Details - The drilling program tested key areas of the Main Showing and extended into new zones, following up on historical results to improve understanding of mineralization geometry and continuity [2] - The completed holes are expected to provide valuable information for ongoing exploration and future drill targeting [2][3] Operational Updates - With drilling complete, the company has begun demobilization of crews and equipment, and winterization of the camp is underway for a safe seasonal shutdown [3] - The CEO of Integral Metals, Paul Sparkes, highlighted the program as a major milestone and expressed anticipation for sharing more details once data is compiled and analyzed [3] Future Plans - Integral Metals will provide further updates as assay results become available and a comprehensive technical review is completed [3]

Core Viewpoint - Honey Badger Silver Inc. is advancing its exploration efforts at the Nanisivik Project in Nunavut, having identified new occurrences of massive zinc-lead sulphide mineralization and demonstrating significant potential for critical minerals and silver production [1][2]. Exploration Program - The company has completed orientation geophysical surveys on two of three high-priority targets, with significant findings in the form of new mineralization at the surface [1][5]. - Historical drilling data has revealed several significant silver and zinc intercepts in three priority target areas: Deb, Ocean View North, and Area 14 [3][4]. Target Areas - **Deb Target**: Located approximately 3 km southwest of the main orebody, significant intersections include 1.3m of 54.9 g/t Ag and 5.74% Zn, 0.7m of 263 g/t Ag and 34.6% Zn, and 0.6m of 290 g/t Ag and 43.0% Zn [8][15]. - **Ocean View North Target**: Approximately 1.7 km east-northeast of the main orebody, significant intersections include 5.3m of 97.6 g/t Ag and 22.79% Zn, and 1.3m of 116 g/t Ag and 20.3% Zn [9][10]. - **Area 14**: Located about 1.8 km southeast of the main orebody, significant intersections include 2.3m of 280.0 g/t Ag and 27.43% Zn, and 3.0m of 143.3 g/t Ag and 26.16% Zn [11][15]. Geological Characteristics - The exploration work has involved ground geophysics to map subsurface sulphides, reconnaissance prospecting, and sampling of known massive sulphide outcrops [5][6]. - The identified mineralization in Area 14 has been mapped over an area of approximately 300 meters by 30 meters, with ongoing efforts to delineate its full extent [7]. Historical Context - The Nanisivik Mine produced over 20 million ounces of silver from 1976 to 2002, with significant remaining massive sulphide bodies totaling about 100 million tonnes still in place [19]. - The company has increased its mineral tenure around the Nanisivik Mine by staking an additional 10 claims totaling 7650.4 hectares, covering geophysical anomalies identified in historical data [17].

Core Viewpoint - Inventus Mining Corp. has received a pre-payment of CAD 1.47 million from McEwen Inc. for a portion of estimated recoverable gold from its 007 North bulk sample at the Pardo Gold Project, indicating strong validation of the project's gold content and progress towards a scalable mining operation [1][5][7]. Bulk Sample Update - The Trench 1 bulk sample has approximately 10,000 tonnes identified and is currently 90% extracted, with 3,812 tonnes (38% complete) already hauled to McEwen Inc.'s Stock Mill for processing [3][7]. - Results from the bulk sample are expected in November, with updates to be provided as they become available [3]. Drilling Update - The company anticipates releasing results from further grade-control drilling at the Trench 1 North and South bulk sample sites, along with four Phase 2 resource drill holes [4]. - Plans for additional Phase 2 resource drilling are underway, aimed at extending gold mineralization and progressing towards a maiden resource estimate for the project [4]. Financial Details - The pre-payment of CAD 1,466,249 represents a portion of the estimated recoverable gold from the 4,816-tonne 007 North Bulk Sample, which is expected to be processed shortly [7]. - The grade-control drilling across 30 holes at the site returned a weighted average of 4.10 grams per tonne (gpt) gold over 1.78 meters within 6 meters of the surface [7]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, holding a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [6]. - The Pardo Gold Project is noted as the first significant paleoplacer gold discovery in North America, with approximately 205 million common shares outstanding [6].

Core Insights - Prospector Metals Corp. announced initial drill results from the 2025 diamond drill program on the ML Property, highlighting significant gold and copper mineralization at the Skarn Ridge and Bueno targets, with a new mineralized corridor extending 1.5 kilometers [2][3][20] Skarn Ridge - A total of 2,976.84 meters were drilled over 18 holes at the Skarn Ridge target, with results received for two holes, ML25-010 and ML25-011, which confirmed the presence of gold and copper mineralization [5][6] - Hole ML25-010 returned 45.65 meters of 2.11 g/t Au, 0.48% Cu, and 8.56 g/t Ag from a depth of 44 meters, while hole ML25-011 returned 23 meters of 0.70 g/t Au, 0.52% Cu, and 9.48 g/t Ag from 31 meters depth [6][7] - The drilling has identified a new gold zone in the North Vein area with visible gold, marking the first documented occurrence of visible gold on the ML project [2][22] Bueno - A total of 2,322.27 meters were drilled over 13 holes at the Bueno target, with gold mineralization intercepted in all holes received to date [16] - The most significant intercept was from hole ML25-005, which returned 6.9 meters of 3.07 g/t Au from 6.1 meters depth [16][19] Mineralization Trends - Gold mineralization from Skarn Ridge to Bueno is hosted within north-northeast trending structural zones, traced over 1.5 kilometers along strike with over 600 meters of vertical continuity [20][21] - The mineralization is associated with bismuth and tellurium, indicating a complex mineralizing system where gold and copper events appear to be independent [21] North Vein - The North Vein target drilling intercepted a new zone of alteration and mineralization with visible gold from approximately 104 to 105 meters depth in hole ML25-031 [22][27] - This new zone is associated with coarse-grained Bi-Te minerals and represents a significant discovery for the ML Property [22] Rubble and Java Targets - The Rubble target drilling encountered sheeted quartz-tourmaline veins with anomalous gold and copper values, indicating potential for intrusion-hosted mineralization [28][30] - The Java target drilling returned only anomalous gold values up to 0.136 g/t Au, suggesting further exploration may be needed [31] 2025 Drill Program Overview - The 2025 drill program included 39 holes over 6,648.91 meters, exceeding the original plan of 5,000 meters, with assays received for 11 holes to date [32][33] - The program successfully tested multiple target areas, confirming the presence of significant mineralization across the ML Property [32]

Core Insights - Makenita Resources Inc. has announced significant assay results from its maiden drill program at the Hector Silver Project in Ontario, Canada, indicating broad zones of polymetallic mineralization [1][3][4] Company Overview - Makenita Resources Inc. is focused on the Hector Silver Project, located in the historic Larder Lake Mining Division, covering 2,243 hectares with 126 contiguous unpatented mineral claims [2] Drilling Campaign Details - The 2025 drilling campaign included 516 meters of core drilling across three holes, targeting the historic Teck Block 9 polymetallic-silver zone [2] - All three drill holes intersected broad zones of polymetallic mineralization, characterized by pyrite-pyrrhotite-chalcopyrite-galena within intermediate volcanic rock [3] Mineralization Findings - Drill hole 25HC03 revealed 60.4 meters averaging 0.20% zinc, with a notable 3-meter sample returning 2.9% zinc, 7.5 g/t silver, and 1.06 g/t gold [5][8] - Additional holes, 25KC01 and 25HC02, also indicated mineralization, with 26 meters averaging 0.10% zinc and 4.5 meters grading 0.11% zinc, respectively [6][8] Exploration Potential - The drilling has defined a northwest-trending zone of mineralization that aligns with a magnetic gradient anomaly extending over 1.2 km, suggesting further exploration opportunities [4] Strategic Positioning - The Hector Project is positioned as a core strategic asset for Makenita, situated in a proven mining district known for silver and cobalt production, enhancing its exploration portfolio [8]

Core Viewpoint - Q-Gold Resources Ltd. is conducting a private placement offering to raise up to $10 million through the sale of units priced at $0.15 each, with proceeds aimed at financing mineral exploration projects and working capital [2][4]. Group 1: Offering Details - The offering consists of up to 66,666,667 units, each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at $0.20 for 24 months, with an acceleration clause if the share price exceeds $0.25 for 10 consecutive days [2][4]. - The offering is structured as a "best efforts" private placement, subject to regulatory approvals and a four-month statutory hold period on the securities issued [3][4]. Group 2: Use of Proceeds - Proceeds will be used to finance the acquisition of the Quartz Mountain Project in Oregon, which is a late-stage mineral exploration project [4][6]. - Additional funds will support exploration along the Quetico Fault Zone in Ontario and provide working capital for general corporate purposes [4][6]. Group 3: Market Engagement - The company has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares [8][9]. - ITG will receive CAD$5,000 per month for its services, with the agreement subject to renewal and termination conditions [9]. Group 4: Agent and Commissions - BMO Capital Markets is the sole agent for the offering, entitled to a 6% cash commission on gross proceeds and unvested broker warrants equivalent to 6% of units sold [7]. - Broker warrants will allow the purchase of common shares at $0.15 for 60 months, vesting under specific conditions [7]. Group 5: Qualified Persons - The technical information regarding the Mine Centre project has been reviewed by Jason Arnold, P.Geo., and the Quartz Mountain Project by Fred H. Brown, P.Geo., both recognized as Qualified Persons under NI 43-101 [10][11]. Group 6: Company Overview - Q-Gold Resources Ltd. is a Canadian-based mineral exploration company focused on high-grade gold and silver discoveries, currently exploring the Foley Gold Mine in Ontario [12].

Industry Overview - The Western United States, particularly Nevada, is recognized as a highly attractive jurisdiction for mineral exploration due to its established mining culture, supportive policies, and prospectivity in areas like the Carlin Trend [1][2][3] - The current administration is improving permitting timelines, which benefits exploration companies [3] Company Strategy - Headwater Gold Inc. is advancing multiple projects in Nevada and Idaho, utilizing a business model that combines direct-funded discovery with a prospect generator strategy to minimize shareholder dilution [2][3][5] - The company emphasizes a portfolio approach in early-stage exploration, testing multiple targets simultaneously to increase the probability of discovery [4] Partnerships and Funding - Headwater has formed significant partnerships, including a notable deal with Newmont Corporation, which involves a minimum commitment of US$5 million in exploration work for the Spring Peak project [5][8] - OceanaGold has also partnered with Headwater, committing to a minimum spending of US$2.5 million across three projects in northern Nevada [9][10] - Headwater operates as the project operator in these partnerships, earning a 10% management fee on exploration work, which helps maintain a low corporate burn rate [11] Project Highlights - Headwater's projects include Midas North in Nevada, which is near a historic mining district and shows potential for significant discoveries based on early drilling results [12][13] - The Crane Creek project in Idaho features a 4-kilometer-long gold anomaly and has returned high-grade intercepts, indicating potential for vein-hosted discoveries [14] Future Plans - The company is preparing for multiple drilling programs, with Newmont-funded exploration expected to commence at the Lodestar project [15][16] - Drilling at the TJ project, under the OceanaGold partnership, is anticipated to start in the latter half of 2025 [16] Team Expertise - Headwater's success is supported by a team of experienced geologists with backgrounds in major and junior exploration, enhancing credibility and trust with partners [17][18]

Summary of District Metals Conference Call Company Overview - **Company Name**: District Metals Corp - **Ticker Symbols**: DMXCF (OTCQB), DMX (TSXV) - **Industry**: Mineral exploration and development, specifically focused on uranium and polymetallic projects in Sweden - **Flagship Project**: Weaken Property, which hosts the largest undeveloped uranium deposit in the world [3][6] Key Points and Arguments Management and Team - The management team has a proven track record in exploration, discovery, and capital markets [5] - The CEO, Garrett Ainsworth, has significant experience in uranium exploration, having previously worked with Alpha Minerals and NextGen Energy [9][10] - The company has a strong board and advisory committee with diverse expertise in mining and capital markets [12][14] Jurisdiction and Market Environment - Sweden is recognized as an attractive jurisdiction for mining, ranked sixth by the Fraser Institute for investment attractiveness [18] - The Swedish government has shifted towards a pro-nuclear stance, planning to build 10 more nuclear reactors by 2045, which increases the demand for domestic uranium supply [21][22] - The lifting of the uranium mining moratorium is expected by January 1, 2026, which will allow full-scale operations on uranium properties [23][42] Project Details - The Weaken Property contains significant resources: - 4.3 billion tons with 1.5 billion pounds of uranium and 24.3 billion pounds of vanadium [26] - Additional potential for rare earth elements, which will be assessed once the moratorium is lifted [27] - The company also has other advanced exploration stage uranium properties in Sweden, including Soc Jarn and Arnaz Bara, which show promising mineralization [34][36] Economic Viability - Despite low-grade uranium, the project remains economically viable due to the presence of valuable byproducts such as vanadium, molybdenum, nickel, copper, and zinc [47][48] - The potential value of the Weaken deposit is enhanced by the strategic importance of these byproducts for the EU's supply chain [48] Market Comparisons - The company’s valuation is significantly lower than peers, with an estimated value of $0.09 per pound of uranium compared to the industry average of over $3 per pound [31][32] - Historical acquisitions in the uranium sector indicate potential for significant monetization events, suggesting a favorable outlook for District Metals [29] Upcoming Milestones - The company is conducting various surveys and expects results from mobile MT surveys and drone radiometric surveys in the coming months [40][41] - A preliminary economic assessment is anticipated to begin shortly after the moratorium is lifted, with a timeline of 6 to 12 months depending on survey results [52] Additional Important Information - The exit of Boliden, which was funding $10 million over four years, allows District Metals to focus solely on uranium projects [45][46] - The company has a strong shareholder base, including significant institutional investors, which supports its strategic direction [16][44] This summary encapsulates the critical aspects of District Metals' conference call, highlighting the company's strategic positioning, project potential, and market dynamics.