District Metals – Exploration Plans & An Updated Mineral Resource Estimate, In Sweden

Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX – OTCQB:DMXCF – Nasdaq First North: DMXSE SDB) joins me to discusses the recent approval of the 2025 exploration budget by the joint technical committee between District and Boliden Minerals AB (“Boliden”), focusing on the Tomtebo and Stollberg properties in Sweden. Additionally, he provides an update on the commencement of an updated mineral resource estimate for the Viken Energy Metals Deposit. The discussion covers the recent approval of the 2025 exploration budget by the District and Boliden joint technical committee for the Tomtebo and Stollberg properties. Garrett provides detailed plans for the exploration, including drilling intentions at various historic mines and key targets being drilled this year. We also discuss Boliden’s dual strategy for the drill program focused on both new discoveries and adding resources for development. Moreover, we touch upon the Viken energy metals deposit, where an updated mineral resource estimate is underway to integrate multiple metals, and the potential to expand the deposit. Garrett outlines the timeline and costs for this update and elaborates on the implications of lifting the uranium moratorium in Sweden and its impact on future drilling. Finally, Garrett summarizes upcoming news and milestones, including assay results and drilling updates.