In this update, Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX | OTCQX:DMXDF | Nasdaq First North:DMXSE SDB), addresses the recent stock sell-off and multiple new large and high priority targets across their Swedish uranium assets.

Key Discussion Points:

• New Target Generation - Large Mobile MT surveys across Alum Shale properties highlighting large drill targets.
• 2026 Exploration Path - Permit timing, priority zones, and shallow/scalable drill programs.
• Share-Price Volatility - Garrett addresses the ~50% stock pullback, confirming the Company holds $9M CAD in cash and has no need for short-term financing, despite market rumors.
• Valuation Disconnect - DMX trades at $0.08/lb (Inferred U3O8) versus the peer average of $3.44/lb.

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.

Note - District Metals is now traded on the OTCQX. The uplisting from the OTQB was announced on November 12.

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