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District Metals Corp. said the Geological Survey of Sweden (SGU) has proposed designating the Häggån Alum Shale Deposit—held by Aura Energy Ltd.—as a deposit of national interest (Riksintresse) for valuable substances or raw materials. The Häggån Deposit is located within the Berg and Åre Municipalities and lies adjacent west of District’s Viken Alum Shale Deposit, which is currently under SGU review.
The SGU’s proposal is based on a comprehensive evaluation framework requiring that all three criteria for national interest designation be met, assessed with a long-term perspective exceeding 50 years:
According to the SGU’s assessment, the Häggån Deposit satisfies these criteria through a substantial and well-documented polymetallic resource base. The metals cited include vanadium, uranium, nickel, molybdenum, zinc, and other critical raw materials. District said these metals are increasingly vital for Europe’s energy transition, electrification, and industrial resilience, and are expected to remain strategically important over the coming decades.
Garrett Ainsworth, CEO of District, said the SGU’s proposal is a “strong endorsement” of the regional geological potential and the long-term strategic importance of alum shale polymetallic mineralized systems in Jämtland County. He added that recognition of the Häggån Deposit highlights the importance of securing sustainable, domestic sources of critical metals within Sweden and the European Union.
District said the proposed designation is intended to ensure land-use planning decisions appropriately consider strategically important mineral resources and protect them for potential future extraction. The company believes the recognition provides a framework to safeguard future mineral resource development opportunities while respecting environmental and other societal considerations.
District said it will follow the progression of the SGU’s proposal through the consultation process and remains committed to contributing constructively to discussions on sustainable mineral resource development in Sweden.
The company also said it continues to advance its Sweden portfolio, focusing on responsible exploration and development of uranium properties, including the Viken Property and alum shale properties. District emphasized its commitment to adhering to Sweden’s environmental standards and maintaining dialogue with landowners, municipalities, and relevant stakeholders.
District noted that all scientific and technical information in the release was prepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the company, who is described as a Qualified Person under NI 43-101. The company also stated that Mr. Ainsworth has not verified information regarding other properties or projects mentioned, other than the Viken Property.
District Metals Corp. describes itself as a uranium polymetallic exploration and development company focused on its flagship Viken Property in Sweden. The company said the Viken Property covers 100% of the Viken Energy Metals Deposit, which it describes as containing the largest undeveloped Mineral Resource Estimate of uranium in the world, alongside significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and other critical raw materials.
District said the Viken Property is covered by a technical report titled “NI 43-101 Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jämtland County, Sweden,” dated effective April 25, 2025, available on SEDAR+.
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