Vancouver, British Columbia — November 5, 2025 — Leads & Copy —
District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP) announced today that the Swedish Parliament voted to repeal the moratorium on uranium mining and exploration in Sweden, which was imposed in 2018. New legislation permitting uranium exploration and mining will come into effect on January 1, 2026.
The decision marks a pivotal shift in Sweden’s energy and mining policy, aligning national regulation with the country’s goals of improving energy security, supporting its nuclear power ambitions and strengthening its role in the supply of critical raw materials. Swedish bedrock hosts approximately 27 percent of Europe’s known uranium resources.
The legislation includes lifting the moratorium on granting permits for mining operations that handle uranium, classifying uranium as a “concession mineral” under the Minerals Act, and repealing or amending the section of the Environmental Code prohibiting uranium-related mining and processing.
Technical and regulatory safeguards will remain in place, including oversight from the Swedish Radiation Safety Authority and environmental impact assessments consistent with Sweden’s high-standard permitting regime.
Garrett Ainsworth, CEO of District, stated that the legislative changes enabling uranium exploration and extraction are scheduled to take effect on January 1, 2026, and the company is pleased with this decisive step, which positions Sweden to unlock its vast uranium resources in support of the green energy transition amid growing global geopolitical uncertainty.
In anticipation of this decision, District Metals updated the Viken Energy Metals Deposit mineral resource estimate on April 29, 2025, and completed airborne geophysical surveys across our uranium polymetallic properties in Sweden.
Looking ahead to 2026, the company plans to further advance exploration programs at its uranium properties in Sweden, including fieldwork, additional airborne geophysics, drilling, and an economic study of the Viken Deposit.
Garrett Ainsworth, P.Geo, President and CEO of the Company, is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Garrett Ainsworth, CEO of District, (604) 288-4430
Source: District Metals Corp.
