Core Viewpoint - District Metals Corp. has applied for 11 mineral licenses covering 72,078 hectares in Sweden, targeting Alum Shale deposits, which are crucial for the green energy transition [1][3]. Company Developments - The new mineral license applications will nearly double the size of District's existing Alum Shale Properties from 79,250 hectares to 151,328 hectares [9]. - The applications are strategically located adjacent to promising airborne MobileMT geophysical anomalies and were selected based on a comprehensive technical study [6][9]. - The Swedish Government has approved the lifting of the ban on uranium exploration and mining, with legislation expected to be enacted on January 1, 2026 [5]. Industry Context - Alum Shale deposits in Sweden are known to contain significant energy metals and critical raw materials necessary for the green energy transition, with large and shallow deposits that reduce exploration costs [3]. - The Viken Energy Metals Deposit, owned by District, is noted for hosting the world's largest undeveloped uranium mineral resource, along with substantial resources of vanadium, molybdenum, nickel, copper, and zinc [4][13]. Strategic Focus - The company emphasizes responsible exploration, avoiding environmentally sensitive areas, and aims to enhance exploration optionality and continuity of land position [7]. - The expansion of the Alum Shale Properties is seen as a significant step in building a robust pipeline of energy metals properties in Sweden [5].