District Metals (DMX) Corporate presentation summary

Strategic focus and jurisdiction

• Advancing 100% owned Viken Deposit, the world's largest undeveloped uranium deposit, with significant vanadium, potash, and other critical metals resources.

• Operations centered in Sweden, a top mining jurisdiction with a stable, pro-mining government and robust infrastructure.

• Portfolio includes advanced-stage uranium polymetallic properties: Sågtjärn, Nianfors, Ardnasvarre, and Alum Shale, all with historic resource estimates.

• Sweden recently lifted its moratorium on uranium mining, supporting renewed exploration and development.

Viken Deposit resource and economics

• 2025 mineral resource estimate: 456 million tonnes indicated at 175 ppm U3O8 and 4.33 billion tonnes inferred at 161 ppm U3O8, with substantial vanadium, molybdenum, nickel, copper, zinc, and phosphate.

• 2026 Preliminary Economic Assessment (PEA): after-tax NPV8% of US$2.88B, IRR of 46%, payback in 2.1 years, and annual free cash flow of US$531M.

• Negative all-in sustaining cash costs for uranium at -US$118/lb U3O8, net of by-product credits.

• Initial capex of US$876M, 13-year mine life, and production of 3.3M lbs U3O8/year.

• Economic impact study projects US$7.66B cumulative contribution to Sweden and the EU over Phase 1.

Exploration and growth potential

• MobileMT geophysical survey identified nine new target areas at Viken, three of which show stronger signatures than the current deposit.

• Adjacent to Aura Energy's Häggån Deposit, indicating a highly prospective district.

• Additional properties (Sågtjärn, Nianfors, Ardnasvarre, Alum Shale) have historical uranium resources and remain open for expansion.

• Upcoming catalysts include drilling, assay results, and further geophysical surveys across multiple properties.