District Metals (DMX) Corporate presentation summary

Strategic focus and jurisdiction

• Advancing the world's largest undeveloped uranium deposit with 100% ownership of the Viken Deposit in Sweden.

• Portfolio includes advanced-stage uranium polymetallic properties: Sågtjärn, Nianfors, Ardnasvarre, and Alum Shale.

• Sweden is a top mining jurisdiction with a long mining history, low corporate tax, and strong government support.

• Sweden recently lifted its moratorium on uranium mining, supporting nuclear energy expansion.

Viken Deposit and resource details

• Viken Deposit hosts substantial resources: uranium, vanadium, potash, and other critical metals.

• 2025 mineral resource estimate: 4.3 billion tonnes at 161 ppm U3O8, containing 15 billion lbs U3O8.

• Updated resource estimate and MobileMT geophysical survey completed in 2025.

• Nine new target areas identified, with three showing stronger signatures than the current deposit.

Preliminary Economic Assessment (PEA) highlights

• After-tax NPV8% of US$2.88B, IRR of 46%, and payback in 2.1 years.

• Average annual free cash flow of US$531M over a 13-year mine life.

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

• Initial capex of US$876M, with production of 3.3M lbs U3O8/year.

• Meets annual uranium demand for all Swedish nuclear reactors.