District Metals Corp. has outlined a set of new high-priority exploration targets in central Sweden following an airborne Mobile Magnetotelluric (MobileMT) survey completed over its Tåsjö mineral licenses. The survey covered roughly 34,300 hectares and represents the second phase of a broader geophysical program across the company’s Alum Shale land position.

The MobileMT results defined eight conductive anomalies across the Tåsjö nr 101 to 108 mineral licenses. These anomalies share characteristics with signatures observed at the company’s Viken Property, home to a large, undeveloped energy-metals resource. Conductivity in this region is typically associated with graphite- and sulphide-rich Alum Shale formations, which also host a range of elements including vanadium, uranium, molybdenum, nickel, copper, zinc, and rare earth elements.

The company has also filed new mineral license applications adjoining parts of the Tåsjö area, targeting potential extensions of the recently identified anomalies.

The Alum Shale trend has become an area of renewed attention following Sweden’s recent decision to lift the long-standing ban on uranium exploration and mining. While uranium is often used as a pathfinder element in exploration, the shale belt is known for its polymetallic character, making it a focus for companies looking to advance projects tied to energy transition metals.

The Tåsjö licenses are situated 133 to 170 kilometres northeast of Viken and form part of District’s broader Alum Shale portfolio, which totals approximately 79,250 hectares across three project areas. All three zones were flown during the 2025 field season, generating large volumes of new data now being released in stages.

With airborne work completed, the next steps include refining targets for follow-up ground work and potential drilling. The survey marks a significant step forward in District Metals’ plan to advance its Swedish energy-metals portfolio at a time when jurisdictions with supportive policies are drawing increased exploration interest.

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