District Metals (DMX) Nordic Funds and Mines Conference 2024 summary

Strategic direction and government policy

• Expansion into Sweden began four years ago, focusing on base metal polymetallic and uranium projects, driven by a pro-nuclear government stance and anticipated lifting of the uranium moratorium.

• The government is expected to release a legal framework for lifting the uranium ban, followed by a three-month consultation and a parliamentary vote, potentially in early 2025.

• Lifting the moratorium is projected to significantly increase company valuation, especially given the scale of the Viken deposit.

• Plans are in place to list on the Nasdaq First North Growth Market before year-end, reflecting strong Swedish shareholder support.

Project portfolio and partnerships

• Holds 100% of the Viken deposit, the world's second largest uranium deposit, with significant vanadium, potash, and other energy metals.

• Boliden has optioned the Tomtebo project and contributed the Stollberg project, both advanced polymetallic assets, with a CAD 10 million investment over four years.

• Tomtebo and Stollberg projects are analogues to major regional mines, with ongoing drilling and promising high-grade intercepts.

• Additional uranium projects and new alum shale properties are being advanced, leveraging geophysical surveys for target identification.

Financials, team, and operational highlights

• Attracted key institutional investors from Toronto, New York, and the US, alongside a strong Swedish shareholder base.

• Board and technical team have deep experience in exploration, development, and capital markets, with notable industry figures.

• Share structure includes over 900 Swedish shareholders and strategic investment groups, supporting the planned Swedish listing.

• Permitting in Sweden is notably faster than in Canada, supporting operational efficiency.