District Uncovers High Priority Targets from Airborne MobileMT Survey at the Tasjo Alum Shale Property in Sweden
District Metals (OTCQX: DMXCF) reported airborne MobileMT results from its 100%‑owned Tåsjö nr 101–108 mineral licenses in Jämtland and Västerbotten, Sweden. The survey covered ~34,300 hectares and 1,391 line‑km at 400m spacing and outlined eight low‑resistivity (highly conductive) anomalies (Targets A–H) that match the MobileMT signature observed at the Viken Deposit.
The company filed applications for adjacent mineral licences to cover possible extensions and noted Sweden approved lifting the uranium exploration ban on Nov 5, 2025, with related legislation expected Jan 1, 2026. These results aim to advance drill‑ready target definition within District's ~79,250 hectare Alum Shale holdings.
District Metals (OTCQX: DMXCF) ha riportato i rilievi MobileMT aerei dai permessi minerari Tåsjö nr 101–108 di sua proprietà al 100% in Jämtland e Västerbotten, Svezia. Il rilievo ha coperto ~34.300 ettari e 1.391 km di linea a una distanza di 400 m e ha delineato otto anomalie a bassa resistività (altamente conduttive) (Targets A–H) che corrispondono alla firma MobileMT osservata nel giacimento Viken.
La società ha presentato domande per licenze minerarie adiacenti per coprire possibili estensioni e ha osservato che la Svezia ha approvato lo sblocco del divieto di esplorazione dell'uranio il 5 novembre 2025, con la legislazione correlata prevista 1 gennaio 2026. Questi risultati mirano a definire target pronti per perforazioni entro le proprietà di District, che ammontano a circa 79.250 ettari di possedimenti di Alum Shale.
District Metals (OTCQX: DMXCF) informó resultados aéreos MobileMT de sus licencias mineras Tåsjö nr 101–108, 100% propiedad, en Jämtland y Västerbotten, Suecia. El levantamiento cubrió ~34.300 hectáreas y 1.391 km de línea a un espaciamiento de 400 m y delineó ocho anomalías de baja resistividad (altamente conductivas) (Targets A–H) que coinciden con la firma MobileMT observada en la Viken Deposit.
La empresa presentó solicitudes para licencias mineras adyacentes para cubrir posibles extensiones y señaló que Suecia aprobó levantar la prohibición de exploración de uranio el 5 de noviembre de 2025, con la legislación relacionada prevista para 1 de enero de 2026. Estos resultados buscan avanzar la definición de objetivos listos para perforación dentro de las tenencias de District de Alum Shale que abarcan ~79.250 hectáreas.
District Metals (OTCQX: DMXCF)는 스웨덴의 예메트란드(Jämtland)와 Västerbotten에 있는 100% 소유의 Tåsjö nr 101–108 광상 라이선스에서 항공 MobileMT 결과를 발표했습니다. 조사는 약 34,300헥타르를 커버하고 400m 간격으로 1,391km의 선(km)을 다루었으며 저저항(매우 전도성)인 8개 이상의 이상대를 식별했습니다(타깃 A–H). 이는 Viken 광상에서 관찰된 MobileMT 시그니처와 일치합니다.
회사는 확장 가능성을 커버하기 위해 인접 광상 면허에 대한 신청을 제출했고 스웨덴이 우라늄 탐사 금지 해제를 2025년 11월 5일에 승인했으며 관련 법령은 2026년 1월 1일에 시행될 예정이라고 밝혔습니다. 이 결과들은 District의 Alum Shale 보유지 약 79,250헥타르 내에서 시추 준비 타깃 정의를 진전시키는 것을 목표로 합니다.
District Metals (OTCQX: DMXCF) a publié les résultats aériens MobileMT issus de ses permis miniers Tåsjö nr 101–108, détenus à 100% dans le Jämtland et Västerbotten, en Suède. Le levé a couvert ~34 300 hectares et 1 391 km de lignes à un espacement de 400 m, et a mis en évidence huit anomalies de faible résistivité (fortement conductrices) (Targets A–H) qui correspondent à la signature MobileMT observée au gisement Viken.
La société a déposé des demandes pour des permis miniers adjacents afin de couvrir les extensions possibles et a noté que la Suède a approuvé la levée de l’interdiction d’exploration de l’uranium le 5 novembre 2025, avec la législation associée attendue le 1er janvier 2026. Ces résultats visent à faire progresser la définition des cibles prêtes pour forage dans les possessions de District d’environ 79 250 hectares d’Alum Shale.
District Metals (OTCQX: DMXCF) meldete luftgestützte MobileMT-Ergebnisse aus seinen zu 100 % im Besitz befindlichen Tåsjö Nr. 101–108 Bergbaulizenzen in Jämtland und Västerbotten, Schweden. Die Vermessung umfasste ca. 34.300 Hektar und 1.391 Linienkilometer bei einem Abstand von 400 m und identifizierte acht niederohmige (hochleitende) Anomalien (Targets A–H), die mit der MobileMT-Signatur am Viken-Vorkommen übereinstimmen.
Das Unternehmen beantragte angrenzende Bergbaulizenzen, um mögliche Erweiterungen abzudecken, und stellte fest, dass Schweden das Uranexplorationsverbot am 5. November 2025 aufgehoben hat, wobei die entsprechende Gesetzgebung voraussichtlich am 1. Januar 2026 in Kraft tritt. Diese Ergebnisse zielen darauf ab, die drill-ready Zieldefinition innerhalb der Districts Alum-Shale-Bestände von ca. 79.250 Hektar weiterzuentwickeln.
District Metals (OTCQX: DMXCF) أبلغت عن نتائج MobileMT الجوية من تراخيص التعدين المملوكة لها 100% Tåsjö nr 101–108 في يمنتلاند وفسترابوتن، السويد. شمل المسح نحو 34,300 هكتار و1,391 كيلومترًا من خطوط المسار بمسافات 400 م، وحددت ثماني أنماط منخفضة المقاومة (موصلية عاليًا) (Targets A–H) تتطابق مع توقيع MobileMT الملحوظ في ايداع فيكن.
قدمت الشركة طلبات للحصول على تراخيص تعدين مجاورة لتغطية Extensions محتملة وأشارت إلى أن السويد وافقت على رفع حظر استكشاف اليورانيوم في 5 نوفمبر 2025، مع توقع تنفيذ التشريعات المرتبطة في 1 يناير 2026. تهدف هذه النتائج إلى تعزيز تعريف الأهداف الجاهزة للحفر ضمن ممتلكات District من Alum Shale التي تغطي نحو 79,250 هكتار.
- 8 low‑resistivity anomalies (Targets A–H) identified
- Survey coverage of approximately 34,300 hectares
- 1,391 line‑km of MobileMT data collected at 400m spacing
- Company filed applications for adjacent licences to cover anomaly extensions
- Sweden approved lifting uranium exploration ban on Nov 5, 2025 (legislation expected Jan 1, 2026)
- Identified targets are untested by drilling and remain exploration targets
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce positive results from the airborne Mobile Magnetotelluric ("MobileMT") survey conducted over its
On the basis of these encouraging results, the Company has filed several applications for new mineral licenses adjacent to some of the Tåsjö mineral licenses that cover possible extensions of MobileMT anomalies.
Together with the Österkälen and Malgomaj mineral licenses, the Tåsjö mineral licenses form part of the Company's Alum Shale Properties, collectively covering approximately 79,250 hectares. All three license areas were surveyed using MobileMT during the summer of 2025. The survey generated extensive datasets and revealed numerous geophysical anomalies. The results are being released in a series of three announcements - this being the second.
The Company's Tåsjö mineral licenses are approximately 133 km to 170 km northeast from the Company's
The high resolution MobileMT survey results, covering approximately 34,300 hectares at the Tåsjö mineral licenses nr 101 to 108 has successfully outlined eight low resistivity (highly conductive) anomalies (Target Areas A to H in Figure 1) consistent with the MobileMT signature observed at the Company's Viken Deposit as reported in District's news release of September 24, 2025. These results represent a major step forward in District's strategy to delineate drill-ready targets within a largely underexplored region characterized by Alum Shales enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements (REEs).
The Viken Deposit contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, potash, molybdenum, nickel, copper, zinc, and other important and critical raw materials as reported in District's news release from April 29, 2025.
The MobileMT survey covered approximately 1,391 line kilometers at 400-meter line spacing across the Tåsjö Property. The high-priority target areas were selected based on the shallow depth and thickness of the interpreted Alum Shale. The Alum Shale is typically flat-lying, and is rich in graphite and sulphides, making it low resistivity (highly conductive) and easy to detect using the airborne MobileMT system.
Garrett Ainsworth, CEO of District, commented: "The airborne MobileMT survey over our Tåsjö Alum Shale mineral licenses has delivered more exceptional results, identifying eight low resistivity (high conductivity) anomalies that are consistent with those identified recently on the Viken Property. This correlation reinforces our geological model and highlights the potential extensive scale of mineralized Alum Shale across District's Tåsjö mineral licenses. These findings represent a significant step toward defining high impact drill targets and advancing the Company's strategy to uncover important and critical raw materials in an underexplored, yet highly prospective region."
Uranium is commonly used as a geochemical pathfinder in mineral exploration due to its close association with various valuable mineral deposits, including REEs, base metals, and iron-oxide-copper-gold systems. In Sweden, certain geological environments show elevated uranium concentrations that may indicate the presence of other economically significant metals and minerals. On November 5, 2025 the Swedish Government approved the Proposal to lift the ban on uranium exploration and mining (see news release dated November 5, 2025), and, accordingly, the associated legislation is expected to be revised on January 1, 2026.
Figure 1: Tåsjö Property MobileMT Survey Results in Plan View
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Figure 2: Cross Section through Target A on Tåsjö Property
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Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the Company. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than the Tåsjö Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the Tåsjö Property.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year.
District is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Viken Property covers
For further information on the Viken Property, please see the technical report entitled "NI 43-101 Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jämtland County, Sweden" dated effective April 25, 2025, which is available on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
"Garrett Ainsworth"
President and Chief Executive Officer
(604) 288-4430
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking Information"
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to potential lifting of the current ban on uranium mining in Sweden; exploration potential; and similarities of exploration properties to other mineral deposits.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation the reliability of exploration and drill results; assumptions with respect to similarities of exploration properties to other mineral deposits; reliability of data and the accuracy of publicly reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish properties; that the Swedish government will eventually lift or amend its moratorium on uranium exploration and mining in Sweden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; stability in financial and capital markets; the Company's ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of metals remaining at levels that render mineral properties economic.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; that the Swedish government maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; the Company's limited operating history; risks related to the Company's geological interpretations; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify Mineral Resources and Mineral Reserves; the substantial expenditures required to establish Mineral Reserves through drilling and the estimation of Mineral Reserves or Mineral Resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. For additional information regarding these risks, please see the Company's MD&A for the fiscal year ended June 30, 2025, under the heading "Risks and Uncertainties", which is available at www.sedarplus.ca. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
i S&P Global Market Intelligence - Market Intelligence Research
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FAQ
What did District Metals (DMXCF) announce on November 18, 2025 about the Tåsjö property?
How extensive was the MobileMT survey at Tåsjö that DMXCF reported?
Do the Tåsjö MobileMT anomalies match District's Viken Deposit signature (DMXCF)?
Will District (DMXCF) drill the new Tåsjö targets immediately?
How does Sweden's Nov 5, 2025 decision affect DMXCF's exploration for uranium?
