District Metals Corp. (TSXV:DMX) agreed to acquire Four mineral licences in Jämtland County, central Sweden for CAD 0.84 million on January 3, 2024. The consideration consists of CAD 0.05 million and CAD 0.050 million cash payable to the Vendor within 30 days following the moratorium on uranium exploration and mining in Sweden being lifted. District Metals Corp. (TSXV:DMX) will also issue 1 million District shares issued to the Vendor on closing and 3.5 million District shares to be issued to the Vendor within 30 days following the moratorium on uranium exploration and mining in Sweden being lifted. These District shares will be subject to a voluntary lock-up pursuant to which 0.5 million will be released
after four months after issuance, 0.5 million will be released after six months after issuance, 1 million will be released after twelve months after issuance, 1 million will be released after 18 months after issuance and 0.5 million will be released twenty-four months after issuance. Closing of the Purchase Agreement remains subject to TSX Venture Exchange (the ?TSXV?) approval.