District Metals Corp. · TSXV:DMX
District Metals — Investor Presentation (August 2026)
23 slides from District Metals's investor presentation, August 2026
Slide 1: Advancing the Largest Undeveloped Uranium Deposit in the World
Advancing the Largest Undeveloped Uranium Deposit in the World VIKEN URANIUM-VANADIUM ALUM SHALE PROPERTY Corporate Presentation August 2026 1 S&P Global Market Intelligence Research TSX-V: DMX Corporate TSX-V: Presentation DMX OTCQX: DMXCF FRA:| DFPP August 2026 DMXSE SDB1 NASDAQ:
Slide 2: Cautionary Statement Regarding Forward Looking Information
Cautionary Statement Regarding Forward Looking Information This document has been prepared by District Metals Corp. (“District” or the “Company”) solely for the use in connection with the future; the Company’s limited operating history; the Company’s negative operating cash flow and dependence on th
Slide 3: District Metals: Sweden's Energy Metals Company
District Metals: Sweden’s Energy Metals Company Advancing the largest undeveloped Management & Board with track record of success from mineral discoveries to uranium deposit in the world1 production. ▪ 100% owned - Viken Deposit ▪ Substantial resources of globally important raw materials including:
Slide 4: Management, Board, and Advisors
Management, Board, and Advisors Management Board Technical & Strategic Advisory Garrett Ainsworth President & CEO, Joanna Cameron Galen McNamara Non-Independent Director Independent Director Technical Advisor Alpha Minerals, NexGen Energy NexGen Energy, Osler LLP NexGen Energy, Silver47 Exploration
Slide 5: Share Structure
Share Structure As of June 16, 2026 Management & Insiders Basic Shares Issued 190,807,421 4.4% Retail Stock Options 14,062,500 31.1% (Exercise price at $0.17-$1.24) 1,800,000 RSUs 1,272,000 DSUs Warrants 6,045,500 (Exercise price at $0.30) Fully Diluted Shares 213,990,421 Institutional Outstanding 3
Slide 6: Sweden - A Top Mining Jurisdiction
Sweden - A Top Mining Jurisdiction Deep-rooted history of mining, production, and manufacturing, with strong support from government and communities. • Mining activities date back • Boliden (significant polymetallic 2400 years1. producers), BHP, Agnico Eagle, LKAB, and Alkane Resources - all • Europ
Slide 7: Uranium Polymetallic Properties
Uranium Polymetallic Properties TSX-V: DMX Corporate Presentation | August 2026
Slide 8: Sweden Has Shifted to Pro-Nuclear
Sweden Has Shifted to Pro-Nuclear Energy security has become an absolute priority for Sweden & other countries in Europe. • Sweden’s center-right coalition • A 2018 moratorium on government has indicated uranium mining and strong support for nuclear exploration was lifted in power. November 2025. •
Slide 9: Viken Property - Central Sweden
Viken Property - Central Sweden District has consolidated 100% ownership of the Viken Energy Metals Deposit • Jämtland County, ~570 km NW of • District completed an updated Stockholm, with excellent mineral resource estimate in 2025. infrastructure. • District flew MobileMT Survey • Geological Surve
Slide 10: 2025 Viken Deposit Historical Mineral Resource Estimates
2025 Viken Deposit Historical Mineral Resource Estimates (1-8) Tonnes U3O8 V 2O 5 Mo Ni Cu Zn P2O5 Ce2O3 Y2O3 La2O3 K2O (Million) ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % Indicated 456 175 2,836 257 330 113 411 2,461 88 492 7 3.84 Pounds (Million) Tonnes (Million) Contained 176 2,851 258 332 114 41
Slide 11: 2026 Preliminary Economic Assessment – By the Numbers
2026 Preliminary Economic Assessment – By the Numbers Strong after-tax economics1 validate the scale, quality, & economic strength of Viken Project After-Tax NPV8% After-Tax IRR Payback After-Tax Free Cash Flow US $2.88B 46% 2.1 years US $531M /yr Robust NPV to CAPEX ratio High return opportunity Wi
Slide 12: PEA – Cashflow Profile by Year
PEA – Cashflow Profile by Year Significant free cash flow – over 13yr LOM (Phase 1) After-Tax Cash Flow Cumulative After-Tax Cash Flow $800 $8,000 $600 $7,000 $6,000 $400 Cash Flow (USM) Cash Flow (USM) $5,000 $200 $4,000 $0 $3,000 $2,000 -$200 $1,000 -$400 $0 -$600 -$1,000 -2 -1 1 2 3 4 5 6 7 8 9 1
Slide 13: 2026 Viken Deposit Economic Impact Study Highlights
2026 Viken Deposit Economic Impact Study Highlights Over Conceptual 13-year Phase 1 Mine Operation US $1.58B Substantial direct corporate income taxes (15.33B SEK1) US $199.6M Impactful direct & indirect employment income taxes from ~1,065 full-time jobs US $7.66B (1,936.4M SEK 1) supported during o
Slide 14: Viken Property - Geophysics
Viken Property - Geophysics MobileMT Results at Viken Property show strong potential for multiples of existing mineral resources • Airborne MobileMT Survey flown at 200 m line spacing over entire Viken Property in May-June 2025. • Results show low resistivity (high conductivity) response signature f
Slide 15: Sågtjärn Uranium Property
Sågtjärn Uranium Property • Contains Sågtjärn Uranium Deposit and numerous other uranium occurrences. • Sågtjärn Deposit has historical inferred mineral resource estimate of 756,000 tonnes grading 0.068% U3O8 containing 1,137,585 lbs of U3O8 using 200 ppm uranium cut off. • Sågtjärn Deposit remains
Slide 16: Nianfors Uranium Property
Nianfors Uranium Property • Majsaberget uranium-yttrium-molybdenum occurrence - consists of 889 mineralized boulders over approx. area of 500 m by 200 m1,4. • Majsaberget mineralized boulders returned a weighted average of 0.16% U3O8 and 0.08% Y1,4. • A 1982 report by Swedish Geological Survey repor
Slide 17: Ardnasvarre Uranium Property
Ardnasvarre Uranium Property • Straddles unconformity between • Single hole (LAB08-001) drilled in exposed Svecofennian basement 2008 by Continental Precious rocks and overlying Caledonide Minerals returned 7.0m at 0.17% sedimentary rocks, where targets U3O8 from 50.0 to 57.0m, incl. include stratab
Slide 18: Alum Shale Properties
Alum Shale Properties • Tåsjö nr 101 to 108, Malgomaj nr • The Tåsjö area hosts one of 1001 to 1003, and Österkälen nr 101 Sweden’s thickest units of mineral licenses are highly Alum Shale that can reach up prospective for Alum Shale energy to 400 meters thick due to metals deposit targets1. folding
Slide 19: Milestones & Upcoming Catalysts
Milestones & Upcoming Catalysts Q3 • Complete EIS on Viken Deposit Q1 • Commence drilling at the • Commence Preliminary Viken Property with timing Economic Assessment (PEA) dependent on permitting on Viken Deposit • Commence airborne MobileMT Survey at Viken • Submit work plan and Alum Shale Propert
Slide 20: Investment Highlights
Investment Highlights • Strong Team with Experience in Uranium and Base Metals Discovery and Development • Focused in Sweden - a Top Advancing the Largest Undeveloped Mining Jurisdiction Uranium Deposit in the World • Assembled Portfolio Focused on Uranium Polymetallic Properties • Strong and Suppor
Slide 21: Thank You!
TSX-V: DMX OTCQX: DMXCF FRA: DFPP NASDAQ: DMXSE SDB Thank You! 907 - 1030 West Georgia Street, Vancouver, BC, V6E 2Y3 Phone: (604) 288-4430 I info@districtmetals.com districtmetals.com TSX-V: DMX Corporate Presentation | August 2026
Slide 22: Historical Estimates
Historical Estimates Sågtjärn Uranium Property Nianfors Uranium Property • See report titled “Rev ised Introductory Technical R eport on Eight Uranium Properties in N orthern Sweden” prepared for Con ti ne ntal Precious • See Forsberg, L-O. , Kullman, F., Lofroth, B., 1985: Description of SKBS Mi ne
Slide 23: Viken Deposit - Preliminary Economic Assessment Highlights
Viken Deposit - Preliminary Economic Assessment Highlights After-Tax Net Present Value (NPV8) US$2.88 billion Initial Capital Costs (CAPEX) US$876 million Internal Rate of Return (IRR) 45.9% Average Annual Free Cash Flow (Life of Mine) US$531 million Payback Period 2.1 years Uranium Average Annual P
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