July 24, 2025

District Metals - Sweden Uranium Projects Update, Share Price Surge, and Key Upcoming Catalysts

18 minutes

In this KE Report company update, I’m joined by Garrett Ainsworth, President & CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB), for a deep dive into the company’s ongoing and upcoming work across its uranium portfolio in Sweden.

Key topics covered:

Share price momentum: District’s stock has moved sharply higher since May with strong volume, driven by improving uranium market sentiment, ongoing project work, and potential inclusion in the Global X Uranium ETF (URA).

Flagship Viken Project: Recent mobile MT survey results are mapping depth and thickness of the Alum Shale formation with unprecedented clarity - critical groundwork for selecting the best target area for an upcoming PEA.

Broader exploration portfolio: Updates on radiometric and magnetic surveys at Ardnasvarre, Säckjärn, and Nianfors, each hosting historic uranium mineralization with strong grades.

Uranium moratorium progress: Sweden’s legislative process to lift the moratorium remains on track, with potential government votes expected in Q4 2025, positioning District to move quickly once approvals are in place.

Near-term catalysts: Multiple data releases expected in coming months, including survey results, drill assays from Tomtebo, and updates on Sweden’s legislative timeline.

Garrett also shares how District is preparing to prioritize its projects, balance work on high-grade prospects, and potentially partner on non-core assets - all while staying ready to advance Viken as soon as policy changes allow.

If you have any follow up questions for Garrett please email me at [email protected].

Click here to visit the District Metals website to learn more about the Company.

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