District Metals Reports Strong Q1 2026 Results Amid Regulatory Changes

District Metals Corp. announced its financial results for the first quarter of 2026, revealing a cash position of $9.237 million as of September 30, 2025. This release comes shortly after significant regulatory changes in Sweden, where the Parliament voted on November 5, 2025, to lift a moratorium on uranium exploration and mining that had been in place since 2018. The new legislation, set to take effect on January 1, 2026, is expected to open up new opportunities for the company in its uranium exploration initiatives.

The repeal of the moratorium allows District Metals to evaluate and potentially expand its exploration activities at its uranium properties in Sweden, particularly focusing on the Viken Property. The company’s plans for 2026 include fieldwork, additional airborne geophysical surveys, drilling, and an economic study of the Viken Deposit, which is noted for containing the largest undeveloped mineral resource estimate of uranium worldwide.

Financial Overview and Future Plans

The financial performance for the three months ended September 30, 2025, is detailed in the company’s unaudited condensed interim consolidated financial statements, available on SEDAR+ and the company’s official website. District’s leadership emphasizes a disciplined, science-based approach to mineral exploration, aiming to create shareholder value while benefiting other stakeholders.

In light of the regulatory changes, the company is strategically positioning itself to take advantage of the opportunities that will arise from the new legislation. The upcoming exploration programs are expected to bolster District’s standing within the industry as it continues to advance its projects.

District Metals plans to release its second-quarter results for the three and six months ended December 31, 2025, on February 27, 2026. This announcement will provide further insights into the company’s performance and strategic direction as it navigates the new regulatory landscape in Sweden.

About District Metals Corp.

District Metals is recognized for its robust management team, which brings a wealth of experience from the mining sector. As a 2025 TSX Venture 50 company, it ranks among the top-performing issuers on the TSX Venture Exchange in the past year. The company is focused on its flagship Viken Property, which encompasses 100% of the Viken Energy Metals Deposit, known for its significant estimates of uranium, vanadium, molybdenum, nickel, copper, zinc, and other critical raw materials.

For a comprehensive understanding of the Viken Property, stakeholders can refer to the technical report titled “NI 43-101 Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jämtland County, Sweden,” effective April 25, 2025, available on SEDAR+.

The company’s commitment to exploring and developing mineral properties through a methodical approach is aimed at enhancing its operational capacity and fulfilling its corporate mandate.

In conclusion, District Metals is poised for growth following the Swedish Parliament’s decision, with plans underway to capitalize on the renewed interest in uranium mining. The financial results reflect a solid foundation as the company prepares to advance its exploration activities in the coming year.