District Metals Unveils Promising Targets at Malgomaj Property

District Metals Corp. has announced significant findings from an airborne Mobile Magnetotelluric (MobileMT) survey conducted over its 100%-owned Malgomaj mineral licenses in Västerbotten County, Sweden. The survey identified large, robust geophysical anomalies, prompting the company to apply for an additional mineral license adjacent to its existing Malgomaj property, which is critical for potential extensions of the detected anomalies.

The Malgomaj property, part of a larger portfolio that includes the Österkälen and Tåsjö licenses, spans approximately 79,250 hectares. The MobileMT survey, executed during the summer of 2025, covered about 1,255 line kilometers with a line spacing of 400 meters. It successfully outlined six low resistivity anomalies designated as Target Areas A to F. These anomalies indicate areas of high conductivity, likely associated with rich deposits of alum shale.

The results are particularly notable for two target areas. Target A measures approximately 20.4 kilometers in length and 5.4 kilometers in width, while Target B spans 17.7 kilometers long and 4.1 kilometers wide. Both are interpreted to be alum shale, similar to the geological features noted at the company’s Viken Property, which is home to the world’s largest undeveloped uranium resource.

Garrett Ainsworth, President and CEO of District Metals, expressed enthusiasm over the findings. He stated, “The newly defined MobileMT conductive anomalies at Malgomaj are both large and strong—attributes that likely indicate the presence of thick, mineralized alum shales.” Ainsworth emphasized the clarity and structural context of these anomalies, which contribute to a high level of technical confidence in the region’s potential for significant mineral discoveries.

In Sweden, uranium is recognized as a vital geochemical pathfinder in mineral exploration. The mineral’s close association with various valuable deposits, including rare earth elements and base metals, enhances its significance. Following a pivotal decision by the Swedish government on November 5, 2025, to lift the ban on uranium exploration and mining, the landscape for mineral exploration in the country is expected to evolve. Revised legislation is anticipated to take effect on January 1, 2026, potentially opening new avenues for resource development.

The MobileMT survey highlights the promising characteristics of the Malgomaj region, which boasts alum shales enriched in vanadium, potash, uranium, molybdenum, nickel, zinc, copper, and rare earth elements. The results from this survey mark a crucial step in District Metals’ ongoing exploration strategy, reinforcing its commitment to uncovering significant mineral resources in this largely underexplored area.

The implications of these findings extend beyond immediate exploration goals. District Metals aims to enhance its mineral license holdings to secure the continuity of the priority targets identified in the survey. This proactive approach is crucial for maximizing the potential of the Malgomaj property and positioning the company favorably within the competitive landscape of mineral exploration.

The clarity of the MobileMT data, coupled with the favorable geological conditions, sets the stage for future exploration initiatives. As the company continues to analyze the survey’s extensive datasets, the anticipation surrounding the Malgomaj property underscores its potential to yield significant discoveries in the realm of critical minerals.

For stakeholders and investors, the developments at Malgomaj present a compelling opportunity for engagement in a region poised for growth in resource exploration and development.