{"success":true,"data":{"pressRelease":{"id":"11918","rtpr_id":"nWkr2NBSdS","ticker":"DMX","exchange":"","all_tickers":["DMX"],"title":"District Announces $10 Million Private Placement Financing","author":"Cision","published_at":"2026-04-28T21:46:13.670Z","article_body":"District Metals Corp\nNOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES\n\nDistrict Announces $10 Million Private Placement Financing\n\nVancouver, B.C. April 28, 2026\n\nDistrict Metals Corp. (TSX-V: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX:\nDMXCF) (FRA: DFPP); (“District” or the “Company”) is pleased to\nannounce a non-brokered private placement financing under the Listed Issuer\nFinancing Exemption (as defined below) as supplemented and amended by Blanket\nOrder 45-935 (as defined below), whereby the Company intends to raise up to\nC$10,000,000 through an offering of up to 14,705,882 common shares in the\ncapital of the Company (the “Shares”) to be priced at C$0.68 per Share\n(the “Offering”). The Shares offered under the Offering will not be\nsubject to a hold period in accordance with applicable Canadian securities\nlaws.\n\nThe Company intends to use the net proceeds of the Offering to fund\nexploration activities on the Company’s projects in Sweden, and for general\ncorporate purposes. The Company anticipates paying a finder’s fee to Pareto\nSecurities AB (“Pareto”) in connection with purchasers that may be\nintroduced by Pareto to the Offering. Any finder’s fees payable will be in\naccordance with the policies of the TSX Venture Exchange (the “TSXV”). \n\nThe Offering is scheduled to close by May 12, 2026, and is subject to certain\nconditions including, but not limited to, the receipt of all necessary\napprovals including the approval of the TSXV. Subject to compliance with\napplicable regulatory requirements and in accordance with National Instrument\n45-106 – Prospectus Exemptions (“NI 45-106”), the Offering is being made\npursuant to the listed issuer financing exemption under Part 5A of NI 45-106\n(the “Listed Issuer Financing Exemption”) as supplemented and amended by\nCoordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the\nListed Issuer Financing Exemption (“Blanket Order 45-935”).\n\nThe securities being offered have not, nor will they be registered under the\nUnited States Securities Act of 1933, as amended (the “U.S. Securities\nAct”) or any applicable securities laws of any state of the United States\nand may not be offered or sold within the United States or to, or for the\naccount or benefit of, U.S. persons absent such registration or an applicable\nexemption from such registration requirements. This release does not\nconstitute an offer for sale or the solicitation of an offer to buy any of the\nsecurities in the United States or to, or for the account or benefit of, a\nU.S. person. “U.S. person” and “United States” are as defined in\nRegulation S under the U.S. Securities Act.\n\nThere is an offering document related to the Offering that can be accessed\nunder the Company’s profile on SEDAR+ at www.sedarplus.ca and on the\nCompany’s website at https://districtmetals.com/. Prospective investors\nshould read this offering document before making an investment decision.\n\nTechnical Information\n\nAll scientific and technical information in this news release has been\nprepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the\nCompany. Mr. Ainsworth is a qualified person for the purposes of National\nInstrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nAbout District Metals Corp.\n\nDistrict is led by industry professionals with a track record of success in\nthe mining industry. The Company’s mandate is to seek out, explore, and\ndevelop prospective mineral properties through a disciplined science-based\napproach to create shareholder value and benefit other stakeholders. District\nis a 2025 TSX Venture 50 company, ranking among the top-performing issuers on\nthe TSXV in the past year.\n\nDistrict is a uranium polymetallic exploration and development company focused\non its flagship Viken Property in Sweden. The Viken Property covers 100% of\nthe Viken Energy Metals Deposit, which contains the largest undeveloped\nMineral Resource Estimate of uranium in the world[1] (#_ftn1) along with\nsignificant Mineral Resource Estimates of vanadium, molybdenum, nickel,\ncopper, zinc, and other important and critical raw materials.\n\nFor further information on the Viken Property, please see the Technical Report\ntitled “NI 43-101 Updated Mineral Resource Estimate and Technical Report on\nthe Viken Energy Metals Project, Jämtland County, Sweden” dated effective\nApril 25, 2025, which is available on SEDAR+ at www.sedarplus.ca.\n\nOn Behalf of the Board of Directors\n\n“Garrett Ainsworth”\n\nPresident and Chief Executive Officer\n(604) 288-4430\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis is information that District Metals is obliged to make public pursuant to\nthe EU Market Abuse Regulation. The information was submitted for publication\nthrough the agency of the contact persons set out above on April 28, 2026 at\n5:45pm ET. The Company’s certified advisor on Nasdaq First North Growth\nMarket is Bergs Securities AB, +46 739 49 62 50, ca@bergssecurities.se.\n\nInformation to investors in accordance with the Swedish Act (2023:560) on the\nScreening of Foreign Direct Investments\n\nThe Company has made the assessment that the Swedish Act (2023:560) on the\nScreening of Foreign Direct Investments (the “FDI Act”) is applicable to\nthe Company’s operations. In the event that acquisition of shares in the\nCompany would entail that an investor after the investment would, directly or\nindirectly, hold votes corresponding to or exceeding any of the thresholds of\n10, 20, 30, 50, 65 or 90 percent of the votes in the Company, the investor\nmust, in accordance with the FDI Act, notify the Swedish National Inspectorate\nof Strategic Products (the “ISP”) of its investment, before the investment\nis executed. For more information, please refer to the ISP’s website,\nwww.isp.se, or contact the Company.\n\nImportant information\n\nThe release, announcement or distribution of this press release may, in\ncertain jurisdictions, be subject to restrictions. The recipients of this\npress release in jurisdictions where this press release has been published or\ndistributed shall inform themselves of and follow such restrictions. The\nrecipient of this press release is responsible for using this press release,\nand the information contained herein, in accordance with applicable rules in\neach jurisdiction. This press release does not constitute an offer, or a\nsolicitation of any offer, to buy or subscribe for any securities in the\nCompany in any jurisdiction, neither from the Company nor from someone else\nwhere such offer would be considered illegal or in conflict with applicable\nlegislation.\n\nThis press release is not a prospectus for the purposes of Regulation (EU)\n2017/1129 of the European parliament and of the council (the \"Prospectus\nRegulation\") and has not been approved by any eligible regulatory authority in\nany jurisdiction. The Company has not authorized any offer to the public of\nshares or rights in any member state of the EEA and no prospectus has been or\nwill be prepared in connection with the Offering. In each member state of the\nEEA, this press release is directed only to \"qualified investors\", in\naccordance with the definition in the Prospectus Regulation, in each such\nmember state.\n\nThis announcement does not identify or suggest, or purport to identify or\nsuggest, the risks (direct or indirect) that may be associated with an\ninvestment in the new Shares. Any investment decision in connection with the\nOffering must be made on the basis of all publicly available information\nrelating to the Company and the Company's shares, which has not been\nindependently verified by Pareto. Pareto is acting for the Company in\nconnection with the Offering and no one else and will not be responsible to\nanyone other than the Company for providing the protections afforded to its\nclients nor for giving advice in relation to the Offering or any other matter\nreferred to herein.\n\nThis press release does not constitute a recommendation for any investors'\ndecisions regarding the Offering. Each potential investor should conduct a\nself-examination, analysis and evaluation of the business and information\ndescribed in this press release and any publicly available information\nregarding the Company and its industry. The price and value of the securities\ncan decrease as well as increase. Achieved results do not provide guidance for\nfuture results. The information in this press release is made available only\nas background information and does claim to be exhaustive. An investor should\nthus not solely rely on the information in this press release, nor on its\naccuracy or completeness. Neither the contents of the Company's website nor\nany other website accessible through hyperlinks on the Company's website are\nincorporated into or form part of this press release.\n\nCautionary Statement Regarding “Forward-Looking Information”\n\nThis news release contains certain statements that may be considered\n“forward-looking information” with respect to the Company within the\nmeaning of applicable securities laws. In some cases, but not necessarily in\nall cases, forward-looking information can be identified by the use of\nforward-looking terminology such as “plans”, “targets”, “expects”\nor “does not expect”, “is expected”, “an opportunity exists”,\n“is positioned”, “estimates”, “intends”, “assumes”,\n“anticipates” or “does not anticipate” or “believes”, or\nvariations of such words and phrases or statements that certain actions,\nevents or results “may”, “could”, “would”, “might”, “will”\nor “will be taken”, “occur” or “be achieved” and any similar\nexpressions. In addition, any statements that refer to expectations,\npredictions, indications, projections or other characterizations of future\nevents or circumstances contain forward-looking information. Statements\ncontaining forward-looking information are not historical facts but instead\nrepresent management’s expectations, estimates and projections regarding\nfuture events. Forward-looking information in this news release relating to\nthe Company include, among other things, statements relating to the Offering\nincluding, but not limited to, the closing of the Offering, approvals for the\nOffering, finder’s fees and use of proceeds; the Company’s Swedish\npolymetallic properties; the Company’s planned exploration activities and\nnext steps for the Swedish properties; and the Company’s interpretations and\nexpectations about the results on the Swedish properties.\n\nThese statements and other forward-looking information are based on opinions,\nassumptions and estimates made by the Company in light of its experience and\nperception of historical trends, current conditions and expected future\ndevelopments, as well as other factors that the Company believes are\nappropriate and reasonable in the circumstances, as of the date of this news\nrelease, including, without limitation, the reliability of exploration and\ndrill results; reliability of data and the accuracy of publicly reported\ninformation regarding current, past and historic mines in the Bergslagen\ndistrict and in respect of the Swedish properties; uranium and Alum Shale\nexploration and mining regulation in Sweden; the Company’s ability to raise\nsufficient capital to fund planned exploration activities, maintain corporate\ncapacity; stability in financial and capital markets; the Company’s ability\nto complete its planned exploration programs; the absence of adverse\nconditions at mineral properties; no unforeseen operational delays; no\nmaterial delays in obtaining necessary permits; the price of metals remaining\nat levels that render mineral properties economic.\n\nForward-looking information is necessarily based on a number of opinions,\nassumptions and estimates that, while considered reasonable by the Company as\nof the date such statements are made, are subject to known and unknown risks,\nuncertainties, assumptions and other factors that may cause the actual\nresults, level of activity, performance or achievements to be materially\ndifferent from those expressed or implied by such forward-looking information,\nincluding but not limited to risks associated with the following: the results\nof the inquiry into the mining of Alum Shale in Sweden and the possibility\nthat it will be the subject of a municipal veto; the reliability of historic\ndata on District’s properties; the Company’s ability to raise sufficient\ncapital to finance planned exploration; the Company’s limited operating\nhistory; the Company’s negative operating cash flow and dependence on\nthird-party financing; the uncertainty of additional funding; the\nuncertainties associated with early stage exploration activities including\ngeneral economic, market and business conditions, the regulatory process,\nfailure to obtain necessary permits and approvals, technical issues, potential\ndelays, unexpected events and management’s capacity to execute and implement\nits future plans; the Company’s ability to identify Mineral Resources and\nMineral Reserves; the substantial expenditures required to establish Mineral\nReserves through drilling and the estimation of Mineral Reserves or Mineral\nResources; the uncertainty of estimates used to calculated mineralization\nfigures; changes in governmental regulations; compliance with applicable laws\nand regulations; competition for future resource acquisitions and skilled\nindustry personnel; reliance on key personnel; title matters; conflicts of\ninterest; environmental laws and regulations and associated risks, including\nclimate change legislation; land reclamation requirements; changes in\ngovernment policies; volatility of the Company’s share price; the\nunlikelihood that shareholders will receive dividends from the Company;\npotential future acquisitions and joint ventures; infrastructure risks;\nfluctuations in demand for, and prices of metals; fluctuations in foreign\ncurrency exchange rates; legal proceedings and the enforceability of\njudgments; going concern risk; risks related to the Company’s information\ntechnology systems and cyber-security risks; and risk related to the outbreak\nof epidemics or pandemics or other health crises. These factors and\nassumptions are not intended to represent a complete list of the factors and\nassumptions that could affect the Company. These factors and assumptions,\nhowever, should be considered carefully. Although the Company has attempted to\nidentify factors that would cause actual actions, events or results to differ\nmaterially from those disclosed in the forward-looking information or\ninformation, there may be other factors that cause actions, events or results\nnot to be as anticipated, estimated or intended. Also, many of such factors\nare beyond the control of the Company. Accordingly, readers should not place\nundue reliance on forward-looking information. The forward-looking information\nis made as of the date of this news release, and the Company assumes no\nobligation to publicly update or revise such forward-looking information,\nexcept as required by applicable securities laws.\n\nInformation to distributors\n\nSolely for the purposes of the product governance requirements contained\nwithin: (a) EU Directive 2014/65/EU on markets in financial instruments, as\namended (\"MiFID II\"); (b) Articles 9 and 10 of Commission Delegated Directive\n(EU) 2017/593 supplementing MiFID II; and (c) local implementing measures\n(together, the \"MiFID II Product Governance Requirements\"), and disclaiming\nall and any liability, whether arising in tort, contract or otherwise, which\nany \"manufacturer\" (for the purposes of the MiFID II Product Governance\nRequirements) may otherwise have with respect thereto, the shares in the\nCompany have been subject to a product approval process, which has determined\nthat such shares are: (i) compatible with an end target market of retail\ninvestors and investors who meet the criteria of professional clients and\neligible counterparties, each as defined in MiFID II; and (ii) eligible for\ndistribution through all distribution channels as are permitted by MiFID II\n(the \"Target Market Assessment\"). Notwithstanding the Target Market\nAssessment, Distributors should note that: the price of the shares in the\nCompany may decline and investors could lose all or part of their investment;\nthe shares in the Company offer no guaranteed income and no capital\nprotection; and an investment in the shares in the Company is compatible only\nwith investors who do not need a guaranteed income or capital protection, who\n(either alone or in conjunction with an appropriate financial or other\nadviser) are capable of evaluating the merits and risks of such an investment\nand who have sufficient resources to be able to bear any losses that may\nresult therefrom. The Target Market Assessment is without prejudice to the\nrequirements of any contractual, legal or regulatory selling restrictions in\nrelation to the Offering.\n\nFor the avoidance of doubt, the Target Market Assessment does not constitute:\n(a) an assessment of suitability or appropriateness for the purposes of MiFID\nII; or (b) a recommendation to any investor or group of investors to invest\nin, or purchase, or take any other action whatsoever with respect to the\nshares in the Company.\n\nEach distributor is responsible for undertaking its own target market\nassessment in respect of the shares in the Company and determining appropriate\ndistribution channels.\n\n[1] (#_ftnref1) S&P Global Market Intelligence - Market Intelligence Research.\n\nhttps://news.cision.com/district-metals-corp/r/district-announces--10-million-private-placement-financing%2Cc4341842\n\n2026.04.28 - DMX - News Release announcing LIFE Offering FINAL\n(https://mb.cision.com/Main/23557/4341842/4065259.pdf)\n\n\n\n(c) Copyright Waymaker BIT News - Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr2NBSdS","title":"District Announces $10 Million Private Placement Financing","author":"Cision","ticker":"DMX","created":"2026-04-28T21:46:13.670Z","tickers":["DMX"],"exchange":"","article_body":"District Metals Corp\nNOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES\n\nDistrict Announces $10 Million Private Placement Financing\n\nVancouver, B.C. April 28, 2026\n\nDistrict Metals Corp. (TSX-V: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX:\nDMXCF) (FRA: DFPP); (“District” or the “Company”) is pleased to\nannounce a non-brokered private placement financing under the Listed Issuer\nFinancing Exemption (as defined below) as supplemented and amended by Blanket\nOrder 45-935 (as defined below), whereby the Company intends to raise up to\nC$10,000,000 through an offering of up to 14,705,882 common shares in the\ncapital of the Company (the “Shares”) to be priced at C$0.68 per Share\n(the “Offering”). The Shares offered under the Offering will not be\nsubject to a hold period in accordance with applicable Canadian securities\nlaws.\n\nThe Company intends to use the net proceeds of the Offering to fund\nexploration activities on the Company’s projects in Sweden, and for general\ncorporate purposes. The Company anticipates paying a finder’s fee to Pareto\nSecurities AB (“Pareto”) in connection with purchasers that may be\nintroduced by Pareto to the Offering. Any finder’s fees payable will be in\naccordance with the policies of the TSX Venture Exchange (the “TSXV”). \n\nThe Offering is scheduled to close by May 12, 2026, and is subject to certain\nconditions including, but not limited to, the receipt of all necessary\napprovals including the approval of the TSXV. Subject to compliance with\napplicable regulatory requirements and in accordance with National Instrument\n45-106 – Prospectus Exemptions (“NI 45-106”), the Offering is being made\npursuant to the listed issuer financing exemption under Part 5A of NI 45-106\n(the “Listed Issuer Financing Exemption”) as supplemented and amended by\nCoordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the\nListed Issuer Financing Exemption (“Blanket Order 45-935”).\n\nThe securities being offered have not, nor will they be registered under the\nUnited States Securities Act of 1933, as amended (the “U.S. Securities\nAct”) or any applicable securities laws of any state of the United States\nand may not be offered or sold within the United States or to, or for the\naccount or benefit of, U.S. persons absent such registration or an applicable\nexemption from such registration requirements. This release does not\nconstitute an offer for sale or the solicitation of an offer to buy any of the\nsecurities in the United States or to, or for the account or benefit of, a\nU.S. person. “U.S. person” and “United States” are as defined in\nRegulation S under the U.S. Securities Act.\n\nThere is an offering document related to the Offering that can be accessed\nunder the Company’s profile on SEDAR+ at www.sedarplus.ca and on the\nCompany’s website at https://districtmetals.com/. Prospective investors\nshould read this offering document before making an investment decision.\n\nTechnical Information\n\nAll scientific and technical information in this news release has been\nprepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the\nCompany. Mr. Ainsworth is a qualified person for the purposes of National\nInstrument 43-101 – Standards of Disclosure for Mineral Projects.\n\nAbout District Metals Corp.\n\nDistrict is led by industry professionals with a track record of success in\nthe mining industry. The Company’s mandate is to seek out, explore, and\ndevelop prospective mineral properties through a disciplined science-based\napproach to create shareholder value and benefit other stakeholders. District\nis a 2025 TSX Venture 50 company, ranking among the top-performing issuers on\nthe TSXV in the past year.\n\nDistrict is a uranium polymetallic exploration and development company focused\non its flagship Viken Property in Sweden. The Viken Property covers 100% of\nthe Viken Energy Metals Deposit, which contains the largest undeveloped\nMineral Resource Estimate of uranium in the world[1] (#_ftn1) along with\nsignificant Mineral Resource Estimates of vanadium, molybdenum, nickel,\ncopper, zinc, and other important and critical raw materials.\n\nFor further information on the Viken Property, please see the Technical Report\ntitled “NI 43-101 Updated Mineral Resource Estimate and Technical Report on\nthe Viken Energy Metals Project, Jämtland County, Sweden” dated effective\nApril 25, 2025, which is available on SEDAR+ at www.sedarplus.ca.\n\nOn Behalf of the Board of Directors\n\n“Garrett Ainsworth”\n\nPresident and Chief Executive Officer\n(604) 288-4430\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis is information that District Metals is obliged to make public pursuant to\nthe EU Market Abuse Regulation. The information was submitted for publication\nthrough the agency of the contact persons set out above on April 28, 2026 at\n5:45pm ET. The Company’s certified advisor on Nasdaq First North Growth\nMarket is Bergs Securities AB, +46 739 49 62 50, ca@bergssecurities.se.\n\nInformation to investors in accordance with the Swedish Act (2023:560) on the\nScreening of Foreign Direct Investments\n\nThe Company has made the assessment that the Swedish Act (2023:560) on the\nScreening of Foreign Direct Investments (the “FDI Act”) is applicable to\nthe Company’s operations. In the event that acquisition of shares in the\nCompany would entail that an investor after the investment would, directly or\nindirectly, hold votes corresponding to or exceeding any of the thresholds of\n10, 20, 30, 50, 65 or 90 percent of the votes in the Company, the investor\nmust, in accordance with the FDI Act, notify the Swedish National Inspectorate\nof Strategic Products (the “ISP”) of its investment, before the investment\nis executed. For more information, please refer to the ISP’s website,\nwww.isp.se, or contact the Company.\n\nImportant information\n\nThe release, announcement or distribution of this press release may, in\ncertain jurisdictions, be subject to restrictions. The recipients of this\npress release in jurisdictions where this press release has been published or\ndistributed shall inform themselves of and follow such restrictions. The\nrecipient of this press release is responsible for using this press release,\nand the information contained herein, in accordance with applicable rules in\neach jurisdiction. This press release does not constitute an offer, or a\nsolicitation of any offer, to buy or subscribe for any securities in the\nCompany in any jurisdiction, neither from the Company nor from someone else\nwhere such offer would be considered illegal or in conflict with applicable\nlegislation.\n\nThis press release is not a prospectus for the purposes of Regulation (EU)\n2017/1129 of the European parliament and of the council (the \"Prospectus\nRegulation\") and has not been approved by any eligible regulatory authority in\nany jurisdiction. The Company has not authorized any offer to the public of\nshares or rights in any member state of the EEA and no prospectus has been or\nwill be prepared in connection with the Offering. In each member state of the\nEEA, this press release is directed only to \"qualified investors\", in\naccordance with the definition in the Prospectus Regulation, in each such\nmember state.\n\nThis announcement does not identify or suggest, or purport to identify or\nsuggest, the risks (direct or indirect) that may be associated with an\ninvestment in the new Shares. Any investment decision in connection with the\nOffering must be made on the basis of all publicly available information\nrelating to the Company and the Company's shares, which has not been\nindependently verified by Pareto. Pareto is acting for the Company in\nconnection with the Offering and no one else and will not be responsible to\nanyone other than the Company for providing the protections afforded to its\nclients nor for giving advice in relation to the Offering or any other matter\nreferred to herein.\n\nThis press release does not constitute a recommendation for any investors'\ndecisions regarding the Offering. Each potential investor should conduct a\nself-examination, analysis and evaluation of the business and information\ndescribed in this press release and any publicly available information\nregarding the Company and its industry. The price and value of the securities\ncan decrease as well as increase. Achieved results do not provide guidance for\nfuture results. The information in this press release is made available only\nas background information and does claim to be exhaustive. An investor should\nthus not solely rely on the information in this press release, nor on its\naccuracy or completeness. Neither the contents of the Company's website nor\nany other website accessible through hyperlinks on the Company's website are\nincorporated into or form part of this press release.\n\nCautionary Statement Regarding “Forward-Looking Information”\n\nThis news release contains certain statements that may be considered\n“forward-looking information” with respect to the Company within the\nmeaning of applicable securities laws. In some cases, but not necessarily in\nall cases, forward-looking information can be identified by the use of\nforward-looking terminology such as “plans”, “targets”, “expects”\nor “does not expect”, “is expected”, “an opportunity exists”,\n“is positioned”, “estimates”, “intends”, “assumes”,\n“anticipates” or “does not anticipate” or “believes”, or\nvariations of such words and phrases or statements that certain actions,\nevents or results “may”, “could”, “would”, “might”, “will”\nor “will be taken”, “occur” or “be achieved” and any similar\nexpressions. In addition, any statements that refer to expectations,\npredictions, indications, projections or other characterizations of future\nevents or circumstances contain forward-looking information. Statements\ncontaining forward-looking information are not historical facts but instead\nrepresent management’s expectations, estimates and projections regarding\nfuture events. Forward-looking information in this news release relating to\nthe Company include, among other things, statements relating to the Offering\nincluding, but not limited to, the closing of the Offering, approvals for the\nOffering, finder’s fees and use of proceeds; the Company’s Swedish\npolymetallic properties; the Company’s planned exploration activities and\nnext steps for the Swedish properties; and the Company’s interpretations and\nexpectations about the results on the Swedish properties.\n\nThese statements and other forward-looking information are based on opinions,\nassumptions and estimates made by the Company in light of its experience and\nperception of historical trends, current conditions and expected future\ndevelopments, as well as other factors that the Company believes are\nappropriate and reasonable in the circumstances, as of the date of this news\nrelease, including, without limitation, the reliability of exploration and\ndrill results; reliability of data and the accuracy of publicly reported\ninformation regarding current, past and historic mines in the Bergslagen\ndistrict and in respect of the Swedish properties; uranium and Alum Shale\nexploration and mining regulation in Sweden; the Company’s ability to raise\nsufficient capital to fund planned exploration activities, maintain corporate\ncapacity; stability in financial and capital markets; the Company’s ability\nto complete its planned exploration programs; the absence of adverse\nconditions at mineral properties; no unforeseen operational delays; no\nmaterial delays in obtaining necessary permits; the price of metals remaining\nat levels that render mineral properties economic.\n\nForward-looking information is necessarily based on a number of opinions,\nassumptions and estimates that, while considered reasonable by the Company as\nof the date such statements are made, are subject to known and unknown risks,\nuncertainties, assumptions and other factors that may cause the actual\nresults, level of activity, performance or achievements to be materially\ndifferent from those expressed or implied by such forward-looking information,\nincluding but not limited to risks associated with the following: the results\nof the inquiry into the mining of Alum Shale in Sweden and the possibility\nthat it will be the subject of a municipal veto; the reliability of historic\ndata on District’s properties; the Company’s ability to raise sufficient\ncapital to finance planned exploration; the Company’s limited operating\nhistory; the Company’s negative operating cash flow and dependence on\nthird-party financing; the uncertainty of additional funding; the\nuncertainties associated with early stage exploration activities including\ngeneral economic, market and business conditions, the regulatory process,\nfailure to obtain necessary permits and approvals, technical issues, potential\ndelays, unexpected events and management’s capacity to execute and implement\nits future plans; the Company’s ability to identify Mineral Resources and\nMineral Reserves; the substantial expenditures required to establish Mineral\nReserves through drilling and the estimation of Mineral Reserves or Mineral\nResources; the uncertainty of estimates used to calculated mineralization\nfigures; changes in governmental regulations; compliance with applicable laws\nand regulations; competition for future resource acquisitions and skilled\nindustry personnel; reliance on key personnel; title matters; conflicts of\ninterest; environmental laws and regulations and associated risks, including\nclimate change legislation; land reclamation requirements; changes in\ngovernment policies; volatility of the Company’s share price; the\nunlikelihood that shareholders will receive dividends from the Company;\npotential future acquisitions and joint ventures; infrastructure risks;\nfluctuations in demand for, and prices of metals; fluctuations in foreign\ncurrency exchange rates; legal proceedings and the enforceability of\njudgments; going concern risk; risks related to the Company’s information\ntechnology systems and cyber-security risks; and risk related to the outbreak\nof epidemics or pandemics or other health crises. These factors and\nassumptions are not intended to represent a complete list of the factors and\nassumptions that could affect the Company. These factors and assumptions,\nhowever, should be considered carefully. Although the Company has attempted to\nidentify factors that would cause actual actions, events or results to differ\nmaterially from those disclosed in the forward-looking information or\ninformation, there may be other factors that cause actions, events or results\nnot to be as anticipated, estimated or intended. Also, many of such factors\nare beyond the control of the Company. Accordingly, readers should not place\nundue reliance on forward-looking information. The forward-looking information\nis made as of the date of this news release, and the Company assumes no\nobligation to publicly update or revise such forward-looking information,\nexcept as required by applicable securities laws.\n\nInformation to distributors\n\nSolely for the purposes of the product governance requirements contained\nwithin: (a) EU Directive 2014/65/EU on markets in financial instruments, as\namended (\"MiFID II\"); (b) Articles 9 and 10 of Commission Delegated Directive\n(EU) 2017/593 supplementing MiFID II; and (c) local implementing measures\n(together, the \"MiFID II Product Governance Requirements\"), and disclaiming\nall and any liability, whether arising in tort, contract or otherwise, which\nany \"manufacturer\" (for the purposes of the MiFID II Product Governance\nRequirements) may otherwise have with respect thereto, the shares in the\nCompany have been subject to a product approval process, which has determined\nthat such shares are: (i) compatible with an end target market of retail\ninvestors and investors who meet the criteria of professional clients and\neligible counterparties, each as defined in MiFID II; and (ii) eligible for\ndistribution through all distribution channels as are permitted by MiFID II\n(the \"Target Market Assessment\"). Notwithstanding the Target Market\nAssessment, Distributors should note that: the price of the shares in the\nCompany may decline and investors could lose all or part of their investment;\nthe shares in the Company offer no guaranteed income and no capital\nprotection; and an investment in the shares in the Company is compatible only\nwith investors who do not need a guaranteed income or capital protection, who\n(either alone or in conjunction with an appropriate financial or other\nadviser) are capable of evaluating the merits and risks of such an investment\nand who have sufficient resources to be able to bear any losses that may\nresult therefrom. The Target Market Assessment is without prejudice to the\nrequirements of any contractual, legal or regulatory selling restrictions in\nrelation to the Offering.\n\nFor the avoidance of doubt, the Target Market Assessment does not constitute:\n(a) an assessment of suitability or appropriateness for the purposes of MiFID\nII; or (b) a recommendation to any investor or group of investors to invest\nin, or purchase, or take any other action whatsoever with respect to the\nshares in the Company.\n\nEach distributor is responsible for undertaking its own target market\nassessment in respect of the shares in the Company and determining appropriate\ndistribution channels.\n\n[1] (#_ftnref1) S&P Global Market Intelligence - Market Intelligence Research.\n\nhttps://news.cision.com/district-metals-corp/r/district-announces--10-million-private-placement-financing%2Cc4341842\n\n2026.04.28 - DMX - News Release announcing LIFE Offering FINAL\n(https://mb.cision.com/Main/23557/4341842/4065259.pdf)\n\n\n\n(c) Copyright Waymaker BIT News - Cision 2026"},"type":"article","timestamp":"2026-04-28T21:46:13.768062877Z","server_sent_at_ms":1777412773768},"received_at":"2026-04-28T21:46:13.918Z","source_url":"https://news.cision.com/district-metals-corp/r/district-announces--10-million-private-placement-financing%2Cc4341842"},"analysis":null,"durationMs":null,"modelName":null}}