District Announces Equity Grant
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
District Announces Equity Grant
Vancouver, B.C. June 5, 2026
June 5, 2026 – District Metals Corp. (TSX-V: DMX) (Nasdaq First North: DMXSE
SDB) (OTCQX: DMXCF) (FRA: DFPP); (“District” or the “Company”) announces
that it has granted a total of 2,820,000 incentive stock options to directors, officers ,
employees and consultants of the Company, 775,000 restricted share units to officers of
the Company and 600,000 deferred share units to directors of the Company. Each stock
option vests over three years from the grant date and is exercisable to purchase one
common share of the Company for five years at a price of $0.75 per common share (the
closing price of the Company’s common shares on June 4, 2026, the date prior to the grant
date) pursuant to the terms of the Company’ s Omnibus Incentive Plan. Each restricted
share unit and deferred share unit represents a right to acquire one common share of the
Company, cash equivalent or combination thereof in accordance with the Company’s
Omnibus Incentive Plan. The restricted share units and deferred share units vest twelve
months from the grant date.
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 uranium polymetallic exploration and development company focused on its
flagship Viken Property in Sweden. The Viken Property covers 100% of the Viken Deposit,
which contains the largest undeveloped Mineral Resource Estimate of uranium in the
world i along with significant Mineral Resource Estimates of vanadium, potash,
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.
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
On Behalf of the Board of Directors
“Garrett Ainsworth”
President and Chief Executive Officer
(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 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 uranium and Alum Shale mining regulation in Sweden; the cost and timing
of drilling activities; potential of the Viken Deposit; targets for further exploration; the cost and timing of any
development of the Viken Deposit; government regulations and permitting; and other activities, events or developments
that are expected, anticipated or may occur in the future.
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 and Alum Shale 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 results of the inquiry into the mining of Alum Shale in Sweden
and the possibility that it will be the subject of a municipal veto; uranium exploration and mining regulation in Sweden;
the reliability of historic data on District’s properties; the Company’s ability to raise sufficient capital to finance 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 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 sh are 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,
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288-4430
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 for ward-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