District Announces 2025 Year End Results
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
District Announces 2025 Year End Results
Vancouver, B.C. September 25, 2025
September 25 , 2025 – District Metals Corp . (TSX -V: DMX) (Nasdaq First North:
DMXSE SDB) ( OTCQB: DMXCF) (FRA: DFPP); (“District” or the “Company”) is
pleased to report its results for the year ended June 30, 2025. All amounts are in Canadian
dollars, unless otherwise noted.
Financial and Operational Update
The Company announced positive results from mineral exploration activities completed
over the past four month. These activities included positive results from its airborne Mobile
Magnetotelluric ( “MobileMT”) survey at the Viken Property, announced on
September 24, 2025, which will be used to prioritize target areas outside of the 2025 Viken
Deposit mineral resource estimate . Further, the Company announced Unmanned Aerial
Vehicle (“UAV”) radiometric and magnetic survey results completed at the Sågtjärn and
the Nianfors Properties, resulting in the Company submitting mineral license applications
to expand the license areas.
On August 25, 2025, the Company announced that Boliden Mineral AB ha d provided the
Company with notice to terminate the earn-in and joint venture agreement on the Tomtebo
and Stollberg base metal polymetallic properties located in the Bergslagen Mining District
of south-central Sweden with District’s Swedish subsidiary, District Metals AB.
Highlights
• The Company had $9.740 million in cash and cash equivalents at June 30, 2025,
including $0.221 million advanced from Boliden Mineral AB not available for
general use.
• On June 3, 2025, the Company entered into a definitive agreement to sell Sherpa II
its remaining 24.48% interest in the Bakar Property for 1,500,000 common shares
of Sherpa II. Closing of the transaction remains subject to closing conditions,
including approval by the Exchange.
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
The Company’s audited consolidated financial statements for the year ended June 30, 2025
(the “Financial Statements”) are available on SEDAR+ ( www.sedarplus.ca) and the
Company’s website here.
Next Earnings Report Release
The Company plans to report its results for the three months ended September 30, 2025 on
November 28, 2025.
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 s hareholder
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 100% of the Viken Energy
Metals Deposit, which contains the largest undeveloped M ineral Resource Estimate of
uranium in the world i along with significant M ineral Resource Estimates of vanadium,
molybdenum, nickel, copper, zinc, and other important and critical raw materials.
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining
District of south -central Sweden and is situated between the historic Falun Mine and
Boliden’s Garpenberg Mine that are located 25 km to the northwest and southeast,
respectively. Two historic polymetallic mines and numerous polymetallic showings are
located on the Tomtebo Property along an approximate 17 km trend that exhibits similar
geology, structure, alteration and VMS/SedEx style mineralization as other significant
mines within the district.
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.
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
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 manage ment’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.
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 r eported 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 conditio ns 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; 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 M ineral Reserves or M ineral 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 procee dings 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 “Risk Factors”, 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 for ward-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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