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District Identifies Large MobileMT Anomaly Indicating Significant Alum Shale Potential at the Österkälen Property in Sweden
Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - District Metals Corp. (TSXV: ...
About this update from District Metals Corp.
[{"type":"text","content":"District Identifies Large MobileMT Anomaly Indicating Significant Alum Shale Potential at the Österkälen Property in SwedenVancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to announce positive results from the airborne Mobile Magnetotelluric (\"MobileMT\") survey conducted over its 100%-owned Österkälen mineral license, located in Jämtland County, north-central Sweden. On the basis of these encouraging results, the Company has filed an application for a new mineral license adjacent to the northwest of the Österkälen nr 101 mineral license that covers the extension of the MobileMT anomaly.The Österkälen, Tåsjö, and Malgomaj licenses together form the Company's Alum Shale Properties, collectively covering approximately 79,250 hectares. All three license areas were surveyed using MobileMT during the summer of 2025. The survey produced extensive datasets and identified numerous geophysical anomalies, the findings of which will be presented across three separate news releases - beginning with this one.The Company's Österkälen mineral license is approximately 100 km northeast from the Company's 100% owned Viken Property, which hosts the Viken Energy Metals Deposit.Highlights:MobileMT results have identified an 8 km long by up to 3.5 km wide low resistivity (highly conductive) anomaly that is interpreted to be Alum Shale.The high-resolution MobileMT survey results (see Figures 1 and 2), covering approximately 7,800 hectares at the Österkälen nr 101 mineral license have successfully outlined a strong and laterally extensive low resistivity (highly conductive) anomaly consistent with the MobileMT signature observed at the Company's Viken Deposit as reported in District's news release of September 24, 2025. These findings are a significant advancement in District's strategy to define drill-ready targets within a vastly underexplored region known for its Alum Shales that contain important and critical metals and minerals.The Viken Deposit contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, z...