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Vancouver, British Columbia--(Newsfile Corp. - July 22, 2026) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce the results of an independent Economic Impact Study ("EIS") completed by BDO Canada LLP for the Viken Energy Metals Deposit (the "Viken Deposit") within the Viken Property located in Jämtland County, Sweden. The EIS evaluates the broader economic and social benefits based upon the proposed Phase 1 mine operation at the Viken Deposit outlined in the Company's Preliminary Economic Assessment ("PEA").1 The EIS demonstrates that development of the Viken Deposit would generate substantial economic value for Sweden through project activity, government tax revenues, and long-term employment opportunities.
Comprehensive Review Supported to Address Stakeholder Concerns Anthony Huston, President and CEO: "Our team has been preparing for this level of review throughout the process, and we remain confident in our ability to deliver this critical domestic graphite supply chain project on our targeted 2029 timeline. We are pleased with the efforts of FAST 41 and USACE to maintain a completion date that is only two (2) years from the original date of filing.
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