DISTRICT METALS (DMXCF) Stock News, Jun-Sep 2025

District Metals (OTCQB:DMXCF) announced that Boliden Mineral AB has terminated their earn-in and joint venture agreement on the Tomtebo and Stollberg base metal polymetallic properties in Sweden. The original agreement from October 2023 would have allowed Boliden to earn up to 85% interest in Tomtebo through CAD$10 million in exploration expenditures over four years.

Following the termination, District Metals will retain 100% ownership of the Tomtebo Property, while Boliden keeps full ownership of the Stollberg Property. Boliden will maintain the Tomtebo Property in good standing during the 90-day termination notice period and fulfill all contractual obligations.

District Metals (OTCQB: DMXCF) has reported significant drill assay results from its Tomtebo Property in Sweden's Bergslagen Mining District. The most notable intersection from the February-April 2025 drilling program was 7.85 meters at 88 g/t silver, 3.0% zinc, and 1.9% lead in hole TOM-25-045.

The 2,485-meter drilling program, conducted in collaboration with Boliden Mineral AB, focused on the Steffenburgs zone and Kvistaberget target. Key findings include multiple zones of mineralization in TOM-25-044, including 13.0 meters at 36 g/t Ag, 2.0% Zn and 0.8% Pb. Down-hole electromagnetic surveys revealed multiple off-hole conductors, suggesting potential sulphide mineralization.

The company plans to commence drilling at the historic Lövås Mine in September 2025, followed by additional drilling at the Stollberg Property in Q4 2025.

District Metals (OTCQB: DMXCF) has engaged MWH Geo-Surveys International to conduct detailed UAV radiometric and magnetic surveys at its Ardnasvarre, Sågtjärn, and Nianfors Properties in Sweden. The survey will cover approximately 1,942-, 755-, and 520-line kilometers respectively, using advanced equipment including a D230A Gamma-Ray Spectrometer and Geometrics MagArrow magnetometer.

The survey aims to identify uranium-rich areas through low-altitude flights with tight line spacing of 25 or 50 meters. The company will specifically target magnetic high anomalies associated with uraniferous radiometric "boulder trains" trending south to southeast, following the most recent glaciation direction.

District Metals (OTCQB:DMXCF) has announced several corporate updates. The company has amended change of control provisions for its executives, with key changes including two times annual compensation plus bonuses if terminated within 12 months of a change of control, and one times compensation plus bonus for termination without cause.

The company granted 3.3 million incentive stock options to directors, officers, and consultants, 925,000 restricted share units to officers, and 675,000 deferred share units to directors. Additionally, District received $1.43 million in proceeds from the exercise of 7,132,500 warrants in June 2025.

District Metals (OTCQB:DMXCF) has completed a helicopter-borne Mobile MagnetoTellurics System (MobileMT) survey at its Viken Property in Sweden. The survey, which began on June 3, 2025, has successfully mapped the mineralized Alum Shale host rock of the Viken Energy Metals Deposit.

The company has now moved the MobileMT system to its Alum Shale Properties where it will conduct approximately 2,700 line kilometers of surveying at 200-meter line spacing. The survey aims to identify potential mineralized Alum Shale for drilling confirmation, focusing on the shallowest and thickest parts of mineralized Alum Shale. Final results from the Viken Property survey are expected in Q3 2025.

District Metals Corp. has announced significant developments regarding uranium mining in Sweden. The Swedish Ministry of Climate and Enterprise has submitted a referral to lift the prohibition on uranium mining permits and designate uranium as a concession mineral under the Minerals Act. The proposed legislative changes, expected to be presented to Parliament in Q3/Q4 2025 and implemented by January 2026, would allow uranium extraction and detailed bedrock investigations in Sweden. This development aligns with District's preparations, including their recent update of the Viken Energy Metals Deposit mineral resource estimate and the commencement of an airborne MobileMT survey at the Viken Property.

District Metals Corp. has filed an NI 43-101 Technical Report for its 100%-owned Viken Energy Metals Property in Sweden, detailing an updated Mineral Resource Estimate (MRE). The report, prepared by P&E Mining Consultants Inc., reveals significant mineral resources including uranium, vanadium, molybdenum, nickel, copper, and zinc. The Indicated Resource contains 456M tonnes with 175 ppm U3O8, while the Inferred Resource comprises 4,333M tonnes with 161 ppm U3O8. The property also shows exploration potential with targets ranging from 980 Mt to 1,040 Mt. The MRE was calculated using consensus metal prices including $72/lb U3O8 and $5/lb V2O5, with processing recoveries ranging from 50% to 80% for different metals.

District Metals Corp. has signed a definitive purchase agreement to sell its remaining 25% ownership stake in the Bakar Property, a high-grade copper-silver project located on northern Vancouver Island, British Columbia, to Sherpa II Holdings Corp. The transaction involves Sherpa II issuing 1.5 million shares to District Metals. The deal allows District to focus on its Swedish uranium and base metal polymetallic properties while maintaining potential upside through its equity position in Sherpa II. The transaction's closing is subject to TSX Venture Exchange approval and other customary conditions.

District Metals Corp. has engaged Expert Geophysics Surveys Inc. to conduct a helicopter-borne MobileMT survey at the Viken Property in central Sweden. The survey will cover 1,387 to 2,346 line kilometers at 200 or 400 meter spacing in two phases. Phase 1 focuses on capturing the conductive signature of the mineralized Alum Shale host rock at the Viken Energy Metals Deposit, while Phase 2 will explore the remaining 37,211 hectare property for additional conductive signatures. The MobileMT system, introduced in 2018, utilizes global thunderstorm activity to detect subsurface electrical resistivity variations. The survey aims to identify shallow and thick areas of mineralized Alum Shale containing uranium, vanadium, potash, molybdenum, nickel, zinc, copper, and rare earth elements.