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.

Core Viewpoint - GoldQuest Mining Corp. has awarded the Bankable Feasibility Study for its Romero gold-copper project to Sedgman Canada Ltd. in partnership with SRK Consulting, marking a significant step towards project development [1][2][3] Group 1: Project Details - The Romero project is located in the San Juan Province of the Dominican Republic and is recognized as one of the most advanced high-grade undeveloped gold-copper projects in the Caribbean [3] - The BFS will be conducted in accordance with National Instrument 43-101 regulatory standards, ensuring compliance and quality in the study [2] Group 2: Collaboration and Management - Sedgman will lead the BFS and manage the integration of the study, coordinating inputs from GoldQuest, SRK, and other consulting groups to streamline communication and decision-making [2] - The collaboration aims to define clear roles and enhance the efficiency of the feasibility process, focusing on long-term value creation [3] Group 3: Company Background - GoldQuest is a Canadian mineral exploration and development company with projects in the Dominican Republic, traded on the TSX-V under the symbol GQC [9] - The company is well-funded to advance the development of the Romero gold-copper discovery, which is part of the Tireo Formation in the Dominican Republic [9]

Core Insights - Nova Minerals Limited is gaining momentum following U.S. Senator Lisa Murkowski's site visit to the Estelle Gold and Critical Minerals Project, highlighting the project's strategic importance for U.S. mineral production and supply chains [1][2][6] Strategic Importance - Senator Murkowski's support emphasizes the Estelle Project's potential to enhance U.S. domestic mineral production and reduce reliance on foreign imports, particularly for critical minerals like antimony and gold [2][5][6] - The project has been identified as one of only nine globally, and one of two in the U.S., with near-term antimony production capability, underscoring its strategic significance [7][13] Governmental Support - The visit by Senator Murkowski reflects broader federal support for revitalizing U.S. rare earth and critical minerals production, as indicated by recent Presidential Executive Orders aimed at strengthening domestic mineral security [5][16] - High-level governmental interest is further demonstrated by Alaska Governor Mike Dunleavy's meeting with Nova's CEO and support from Alaska's Congressional Delegation [12] Project Potential - The Estelle Project is recognized for its significant gold and antimony potential, with Nova already accumulating surface stibnite stockpiles that could meet U.S. military specifications [15] - The project is located in the Tintina Gold Belt, which hosts a documented gold endowment of over 220 million ounces and significant antimony deposits, positioning it as a critical asset for national defense supply chains [21] Collaboration and Recognition - The Estelle Project is seen as a symbol of deepening U.S.–Australia collaboration in strategically vital minerals, with support from the Australian Consul General [12] - Independent research firm RFC Ambrian has highlighted the Estelle Project's potential in its critical minerals commodity report, further validating its importance in the market [13]

Group 1 - High Tide Resources Corp. has closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising aggregate gross proceeds of up to $375,000 [1][2] - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2] - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which is classified as a related party transaction under Multilateral Instrument 61-101 [3] Group 2 - The Labrador West Iron Project, owned 100% by High Tide, has an inferred iron resource of 654.9 million tonnes at 28.84% Fe, located adjacent to IOCC's Carol Lake Mine in Labrador City, NL [5][6] - The company also holds a 100% interest in the Lac Pegma copper-nickel-cobalt deposit, situated 50 kilometers southeast of Fermont, Quebec [6] - The technical information in the news release has been approved by a qualified person, Steve Roebuck, who is the Director, President, and Interim CEO of High Tide [7]

Core Viewpoint - High Tide Resources Corp. has successfully closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising gross proceeds of up to $375,000 [1][2]. Group 1: Offering Details - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2]. - The offering is subject to final acceptance by the Canadian Securities Exchange (CSE) and the common shares will be under a hold period of four months and one day from the closing date [2]. Group 2: Insider Participation - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which constitutes a related party transaction as defined under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as insider participation does not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Company Overview - High Tide Resources is focused on developing mineral projects critical to infrastructure, owning a 100% interest in the Labrador West Iron Project, which has an inferred iron resource of 654.9 million tonnes at 28.84% Fe [5][6]. - The Labrador West Iron Project is located adjacent to IOCC's Carol Lake Mine in Labrador City, NL, and the technical report was filed on SEDAR on April 6, 2023 [5]. - The company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Fermont, Quebec [6].

Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which is recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company's exploration focus includes battery minerals and gold, concentrating on projects with nearby infrastructure [4] Share Consolidation Announcement - The company intends to consolidate its issued and outstanding common shares at a ratio of five pre-consolidated shares to one post-consolidation share [1] - Currently, there are 146,546,134 common shares issued, and upon completion of the consolidation, the company anticipates there will be 29,309,227 common shares issued and outstanding [2] Purpose of Consolidation - The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest, and improve trading liquidity [2] - The consolidation does not require shareholder approval according to the company's Articles and is subject to acceptance from the TSX-V [3]

Core Points - Guardian Exploration Inc. has issued 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor [1] - The completion of the debt settlement was subject to conditional approval from the TSX Venture Exchange, which has been obtained [1] - All shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with applicable securities laws [2] Company Overview - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development [3] - The company's prospects include the Mount Cameron Property in the Yukon's Mayo Mining District, mineral claims on southern Dall Island in Southeast Alaska known as the Kaigani claims, and the Sundog and Esker gold projects located in the Kivalliq Region, Nunavut [3]

Group 1 - Guardian Exploration Inc. has agreed to issue 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor, pending approval from the TSX Venture Exchange [1] - The shares issued in connection with the debt settlement will be subject to a statutory four-month hold period in accordance with applicable securities laws [2] Group 2 - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development, with prospects including the Mount Cameron Property in the Yukon's Mayo Mining District, Kaigani claims in Southeast Alaska, and the Sundog gold project in Nunavut [3]

Core Viewpoint - GoldQuest Mining Corp. has officially commenced the Environmental and Social Impact Assessment (ESIA) for its 100%-owned Romero gold-copper project in the Dominican Republic, marking a significant milestone for the project [1][5]. Group 1: ESIA and Community Engagement - The ESIA work plan aligns with the Terms of Reference issued by the Dominican Republic's Ministry of Environment and Natural Resources (MIMARENA) and aims to meet international standards such as the IFC Performance Standards and the Equator Principles [3]. - In July 2025, GoldQuest held seven community meetings with approximately 400 local residents to share project information and gather input for the assessment process [2]. - The ESIA approach supports several United Nations Sustainable Development Goals (SDGs), including Clean Water and Sanitation (SDG 6), Decent Work and Economic Growth (SDG 8), and Climate Action (SDG 13) [4]. Group 2: Investor Relations Partnership - GoldQuest has partnered with Adelaide Capital for investor relations and consulting services, which includes developing a comprehensive capital markets program [5][6]. - The agreement with Adelaide includes a monthly fee of C$10,000 for six months and the grant of 50,000 stock options with an exercise price of C$0.72, subject to TSX Venture Exchange approval [6].

Core Viewpoint - Cornish Metals Inc. has made significant progress in advancing its South Crofty tin project, highlighted by a £57.4 million fundraise and various operational developments aimed at de-risking the project and moving towards production [3][4][5]. Financial Highlights - Total operating expenses for the six months ended June 30, 2025, were CAD 7,618,614, an increase from CAD 4,561,792 in the same period of 2024 [23]. - The loss for the period was CAD 6,331,711, compared to CAD 4,126,256 in the previous year [23]. - Cash at the end of the period increased to CAD 73,777,481 from CAD 6,048,987 in June 2024, primarily due to the proceeds from the fundraise [23]. Strategic Investment and Fundraise - The fundraise of £57.4 million was anchored by National Wealth Fund Limited and Vision Blue Resources Limited, contributing £28.6 million and £18.1 million, respectively [2][4]. - The fundraise is expected to provide financial runway through to the end of Q1 2026, facilitating further de-risking of the South Crofty project [5]. Grant Funding Investment - The Bartles Foundry project received grant funding of up to £4.2 million from the Cornwall and Isles of Scilly Good Growth Programme, covering approximately 62% of the total project cost estimated at £6.8 million [5]. Key Long-Lead Item Orders - Orders have been placed with Qualter Hall for the design and manufacture of production and service winders for the South Crofty project [9]. Mine Dewatering and Shaft Refurbishment - Mine dewatering has resumed near full capacity, and refurbishment of the New Cook's Kitchen shaft is progressing well, with completion expected by mid-2026 [10][12]. Surface Works at South Crofty - The first major phase of surface redevelopment began in early July 2025, including refurbishment of the Mine Dry building and demolition of old structures [13]. Senior Management Appointments - The company appointed Dave Howe as General Manager and Guillermo Alcazar as Project Director to strengthen its project and operations teams [14][16]. Sustainability Initiatives - Cornish Metals published its inaugural sustainability report for 2024, receiving an overall sustainability rating of "A" from Digbee, marking a significant step in formalizing its sustainability approach [21][22]. Land Acquisition - The company purchased a 4.5-acre land parcel from Cornwall Council, increasing its total land area at South Crofty to approximately 32.5 acres [17]. Outlook - The company aims to complete dewatering of the South Crofty mine, advance detailed engineering, and arrange project financing as it progresses towards production [24].