District Appoints Jeremy Veszi as Vice President Project Development and Retains Lifa Communications for Public Relations Services
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
District Appoints Jeremy Veszi as Vice President Project
Development and Retains Lifa Communications for Public
Relations Services
Vancouver, B.C. January 20, 2026
January 20, 2026 – District Metals Corp. (TSX -V: DMX) (N asdaq First North : DMXSE
SDB) (OTCQ X: DMXCF) (FRA: DFPP) ; (“District” or the “ Company”) is pleased to
announce the appointment of Jeremy Veszi as the Company’s new Vice President Project
Development. In addition, District has retained Lifa Communications to provide strategic public
relations and communications support as the Company continues exploration and development
activities on our portfolio of uranium properties in Sweden.
Mr. Veszi, MBA, PMP, CCP is a senior project leader with 20 years of experience advancing
complex mining and uranium assets from early studies through execution in highly regulated
environments and community- sensitive operating contexts. His career spans m ajor capital
programs across the uranium, critical minerals, and industrial sectors, with a reputation for
disciplined project governance, technical integration, and value -driven decision- making that
balances technical rigor, regulatory requirements, and stakeholder expectations.
Jeremy has held senior project leadership roles supporting the long-term development of some of
Canada’s most significant uranium projects, including serving as a Director of Project Delivery
at NexGen Energy, where he led project delivery, procurement, and execution planning for a
large-scale, remote uranium development program. Earlier in his career, he spent more than a
decade delivering strategic mining and infrastructure projects for Cameco Corporation, including
time in northern Saskatchewan and Perth, Australia, supporting complex, large -scale projects in
remote and highly regulated environments.
As founder and president of Veszi Professional Consulting Inc., Jeremy has built and led
multidisciplinary teams providing strategic and execution -focused advisory services across
uranium, potash, mining, and industrial projects. His work spans project development,
construction execution, technology integration, and operational readiness. He is known for
translating complex technical and organizational challenges into executable plans, helping teams
de-risk projects, align stakeholders, and advance assets w ith clarity, discipline, and long- term
value creation in mind.
Garrett Ainsworth, CEO of District, commented: “We are excited to welcome Jeremy Veszi to
the District team. With his extensive background in uranium resource development and project
management, Jeremy is perfectly positioned to help us take the Viken Deposit through the
Preliminary Economic Assessment and beyond. His leadership will be crucial in advancing our
strategic vision and ensuring we meet key development milestones. Jeremy and I have a long
history of successfully working on high grade uranium projects in the Athabasca Basin, and his
expertise will be invaluable in unlocking the full potential of our uranium -focused assets in
Sweden, ultimately driving significant value for our shareholders.”
District is also pleased to announce the retention of Lifa Communications, a leading public
relations and communications firm specializing in the mining sector with clients that include
Ivanhoe Mines, Glencore, Bushveld Minerals, Largo, BHP, AngloAmerican Platinum and
Goldsky Resources. Lifa Communications will assist District with enhancing its corporate profile,
strengthening public relations, and increasing stakeholder engagement as the Company
progresses all of its uranium properties in Sweden.
The retention of Lifa Communications comes at a time when District’s uranium properties are
gaining increased attention locally and nationally in Sweden. The Company aims to further build
a positive social license in and around our mineral licenses that are being actively worked. Lifa’s
team will work closely with District to craft and execute an effective communications strategy
that aligns with the Company’s objectives.
Garrett Ainsworth, CEO of District, commented: “ We are excited to partner with Lifa
Communications as our trusted public relations advisor. Their expertise in the mining sector and
strong track record of building corporate profiles will be invaluable as we move forward with the
exploration and development of our Swedish uranium propertie s. This strategic partnership will
allow us to enhance our communication efforts, engage with our stakeholders more effectively,
and continue to increase our visibility in a positive manner within the communities where we
work.”
In connection with Mr. Veszi’s appointment as Vice President Project Development, the
Company has granted a total of 300,000 stock options in accordance with the provisions of its
stock option plan. Each stock option is exercisable at $1.24 per common share (being above the
closing price of the Company’s common shares on January 19, 2026, the grant date). All stock
options have a term of five years and vest over a period of three years.
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”).
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 uranium polymetallic exploration and development company focused on its flagship
Viken Property in Sweden. The Viken Property covers 100% of the Viken Energy Metals Deposit,
which contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along
with significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and
other important and critical raw materials.
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.
Important Information
This is information that District Metals is obliged to make public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication through the agency of the contact persons set out above on January 20, 2026, at 2:00 a.m. ET. The
Company’s certified advisor on Nasdaq First North Growth Market is Bergs Securities AB, +46 739 49 62 50,
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 n ot
anticipate” or “believes”, or variat ions 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 lifting of the current
ban on uranium mining in Sweden.
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; 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; uranium exploration and mining regulation 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 financ e
planned exploration; the Company’s limited operating history; 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 Mine ral 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 requireme nts; 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. 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.
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