DISTRICT METALS CORP - DMXCF STOCK NEWS

District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) has announced plans for a potential secondary listing on the Nasdaq First North Growth Market in Sweden. The company is providing notice to shareholders who wish to transfer their common shares from the TSX Venture Exchange to Swedish depository receipts (SDRs).

Shareholders interested in converting their shares to SDRs are advised to contact DNB Markets for detailed instructions. CEO Garrett Ainsworth noted an increase in Swedish shareholders, possibly due to excitement surrounding District's Viken energy metal deposit and potential lifting of Sweden's uranium moratorium.

Benefits of a Nasdaq First North listing include: a proven growth platform, an active market with strong investor demand, and increased visibility through the Nasdaq brand. The move aims to allow Swedish investors easier participation in District's development.

District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) reports strong drill results from its Spring 2024 program at the Tomtebo Property in Sweden. Highlights include:

- TOM24-042: 29.25 m at 7.4% ZnEq or 2.9% CuEq (299.0 to 328.25 m)
- TOM24-041: 6.8 m at 3.3% ZnEq or 1.3% CuEq (191.0 to 197.8 m)
- TOM24-043: 3.95 m at 4.5% ZnEq (327.15 to 331.10 m)

The program, conducted in collaboration with Boliden Mineral AB, targeted the Steffenburgs zone of the historic Tomtebo Mine. Copper-rich polymetallic sulphide mineralization was encountered, with TOM24-042 intersecting significant mineralization that remains open at depth. The company plans further review with Boliden before planning the next phase of drilling at Tomtebo.

District Metals Corp. (DMXCF) has provided an update on its fieldwork activities and corporate developments. Key highlights include extensive fieldwork on Swedish mineral properties, the beginning of preparations for a secondary listing on the Nasdaq First North Growth Market in Sweden, and comments on the status of Sweden's uranium moratorium. Fieldwork on the Viken, Tåsjö, Malgomaj, and Österkälen Alum Shale properties has been aimed at locating outcrops, understanding structural settings, and validating geological maps. Results will guide future drilling. Drill results from the Tomtebo property are expected by late July 2024, with geological mapping and geophysical surveys ongoing. The potential lifting of Sweden's uranium moratorium could significantly impact District's project portfolio. A decision from the Swedish Parliament is anticipated in Fall 2024. District continues to leverage historical data while planning current and future exploration.

District Metals Corp. announced key appointments to enhance their operations and marketing. Hein Raat, a seasoned geologist, is now VP of Exploration. Raat has extensive experience in the Bergslagen Mining District, a focus area for District. Rita Bennett, with over 20 years in marketing and communications, joins as Strategic Advisor. Her past roles include VP Corporate Communications at Great Bear Resources. CEO Garrett Ainsworth expressed confidence in these appointments, highlighting their strategic importance. Additionally, District changed auditors from Smythe LLP to Davidson & Company LLP, with the board and audit committee approving this transition.

District Metals Corp. has received final approvals for eight new mineral licenses in Sweden, covering 91,470 hectares. The licenses allow exploration for vanadium, nickel, molybdenum, zinc, rare earth elements, and other minerals in Jämtlands and Västerbottens Counties. These licenses are valid until April-May 2027 with potential renewal for an additional three years.

The Viken nr 4 license significantly increases the area of the Viken Property, which holds one of the world's largest undeveloped deposits of uranium and vanadium. Despite a current moratorium on uranium mining in Sweden, an inquiry into lifting the ban was completed on May 15, 2024.

Exploration activities are planned for the remainder of 2024, including prospecting, mapping, and geochemical sampling. Future steps will involve more detailed surveys to refine drill targets aimed at advancing the company's strategic goals in the green energy transition.

District Metals Corp. reports strong visual polymetallic sulphide mineralization at the Tomtebo Property in Sweden. The recent drilling program uncovered significant copper-rich semi-massive to massive sulphide mineralization, with potential off-hole electromagnetic conductors indicating further mineralization. CEO Garrett Ainsworth highlights the successful drill program, emphasizing promising results and ongoing exploration efforts.

District Metals Corp. (DMXCF) reports that its Swedish subsidiary has applied for eight mineral licenses targeting critical energy metals in central and north-central Sweden. The company aims to explore vanadium, nickel, molybdenum, zinc, and other elements in the Alum Shale deposits. The applications cover a total area of 91,470 hectares, with the potential to contribute significantly to the green energy transition. District recently consolidated the Viken Energy Metals Deposit, one of the largest undeveloped Alum Shale deposits globally. The company's CEO highlighted the vast potential of Alum Shale deposits in Sweden and the importance of these minerals in the transition to green energy.

District Metals Corp. (DMXCF) is pleased with the Swedish Government's decision to investigate lifting the uranium mining ban, benefiting its Viken Energy Metals Deposit. The company sees this as a positive step towards potential growth and transformation in Sweden's nuclear energy sector.

District Metals Corp. and Boliden Minerals AB approve a CDN $2.0M exploration budget for 2024 on the Tomtebo and Stollberg Properties. The core drilling program at the high-grade polymetallic Tomtebo Property in Sweden aims to test significant mineralized zones. CEO Garrett Ainsworth highlights the collaborative exploration efforts and the importance of the upcoming drill program.