Large Targets Identified From Survey At Malgomaj Alum Shale Property

VANCOUVER – District Metals Corp. reported on the airborne Mobile Magnetotelluric (MobileMT) survey conducted over its Malgomaj mineral licenses, located in Västerbotten County, north-central Sweden. On the basis of these encouraging results, the Company has filed an application for a new mineral license adjacent to the Company’s existing Malgomaj mineral license nr 1003, that covers potential extensions of the MobileMT anomaly.
Together with the Österkälen and Tåsjö licenses, Malgomaj forms part of the Company’s Alum Shale Properties, collectively covering approximately 79,250 hectares. All three license areas were surveyed using MobileMT during the summer of 2025. The survey generated extensive datasets and identified numerous geophysical anomalies. The results have been detailed in a series of three news releases – this being the final installment.
The Company’s Malgomaj mineral licenses are approximately 177 km to 217 km northeast from the Viken Property, which hosts the Viken Energy Metals Deposit.
The high resolution MobileMT survey results, covering approximately 37,132 hectares at the Malgomaj mineral licenses nr 1001 to 1003 have successfully outlined six low resistivity (highly conductive) anomalies (Target Areas A to F) consistent with the MobileMT signature observed at theViken Deposit. These two target areas show size and scale that surpasses the MobileMT conductive anomalies observed at the Viken Property: Target A: 20.4 km long by up to 5.4 km wide low resistivity (highly conductive) anomaly that is interpreted to be Alum Shale. Target B: 17.7 km long by up to 4.1 km wide low resistivity (highly conductive) anomaly that is interpreted to be Alum Shale.
These results represent a major step forward in District’s strategy to delineate drill-ready targets within a largely underexplored region characterized by Alum Shales enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements (REEs).