District Announces Q1 2026 Results
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288- 4430
District Announces Q1 2026 Results
Vancouver, B.C. November 28, 2025
November 28, 2025 – District Metals Corp . (TSX -V: DMX) (Nasdaq First North:
DMXSE SDB) ( OTCQX: DMXCF) (FRA: DFPP); (“District” or the “Company”) is
pleased to report its results for the three months ended September 30, 2025. All amounts
are in Canadian dollars, unless otherwise noted.
Financial and Operational Update
On November 5, 2025, the Swedish Parliament voted to repeal the moratorium on uranium
exploration and mining in Sweden, imposed in 2018, and approved new legislation
effective January 1, 2026 permitting uranium exploration and mining. As such, the
Company is evaluating its plans for 2026 to further advance exploration programs at its
uranium properties in Sweden, which we anticipate will include fieldwork, additional
airborne geophysics, drilling, and an economic study of the Viken Deposit.
Highlights
• The Company had $9.237 million in cash and cash equivalents at
September 30, 2025.
The Company’s una udited condensed interim consolidated financial statements for the
three months ended September 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 second quarter results for the three and six months ended
December 31, 2025 on February 27, 2026.
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
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288- 4430
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 world i 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.
918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3
Telephone: (604) 288- 4430
Cautionary Statement Regarding “Forward-Looking Information ”
This MD&A 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 e xpectations, estimates and
projections regarding future events. Forward-looking information in this MD&A 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 MD&A, 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 foll owing: 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 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 informati on
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 considere d 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- looki ng
information is made as of the date of this MD&A, 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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