NordX Metals Reports High-Grade Uranium and Polymetallic Mineralisation Across Three Swedish Projects

High-Grade Uranium Results at Norr Döttern Project

Located in Norrbotten County, Sweden, the Norr Döttern property delivered the most notable uranium assay results from NordX's initial sampling. Of 22 samples collected and submitted to ALS Global laboratories, thirteen have been analysed so far, revealing an average uranium grade of 687 ppm U₃O₈, with values ranging from 6.5 ppm to a peak of 2,735.7 ppm U₃O₈.

The top three samples at Norr Döttern recorded uranium grades of 2,735.7 ppm, 2,128.5 ppm, and 1,928.0 ppm U₃O₈. One sample (M318456) also showed elevated silver and zinc levels, with 603.8 ppm U₃O₈, 64 ppm Ag, and 1,500 ppm Zn. Mineralisation was found across diverse lithologies including episyenite, feldspar porphyry, felsic volcanic rocks, and granite, with samples sourced from both boulders and outcrops.

Historical Drilling and Undrilled Boulder Trains at Norr Döttern

The Norr Döttern licence covers an 8 km northeast-southwest structural corridor previously explored by Swedish state entities SGU and SGAB from 1971 to 1985. Historical drilling included 35 diamond drill holes across three of five prospect areas, intercepting significant uranium intervals such as 11.9 metres grading 0.1% U₃O₈ from 18.6 metres at Långträsk, which remains open in all directions, and 4 metres at 0.19% U₃O₈ from 66 metres at Norr Döttern 1.

NordX’s technical team highlights that the central prospects and sources of nearby boulder trains—showing higher grades than historical drill results—have never been drilled. The Norr Döttern 2–Liessetjåkke prospect hosts the licence’s largest boulder trains, including an unverified historical trench report citing 3% uranium over 3 metres. This undrilled zone is targeted for Q3 2026 mapping and scintillometer-guided chip sampling to define drill targets for a winter drilling program scheduled for Q4 2026 to Q1 2027.

Polymetallic Mineralisation at Märrviken Property

Situated in Västernorrlands and Jämtlands Counties, the Märrviken project returned highly anomalous assays indicating polymetallic mineralisation combining uranium with gold, zinc, and copper. Fifteen samples were collected and submitted to ALS Global. Among eight uranium assays, values ranged from 1.9 ppm to 681 ppm U₃O₈, averaging 398 ppm.

Significant multi-element results included 2.87 g/t Au with 0.21% Cu and 0.06% Zn in one outcrop sample, while massive sulphide outcrops yielded zinc grades up to 37.7% and 33.5%, accompanied by anomalous gold and copper. The highest uranium assays were 681.6 ppm, 544.8 ppm, and 443.4 ppm U₃O₈. Märrviken overlies the Storsjön-Edsbyn Deformation Zone, hosting structurally controlled uranium mineralisation and sulphide-associated Au-Ag-Cu-Zn-Pb mineralisation at the Storkullen Prospect.

Historical Boulder Train and Undiscovered Source at Märrviken

Swedish Geological Survey (SGU) exploration in the 1970s identified a 2,000 by 400 metre train of 766 mineralised boulders at Märrviken, some with percent-grade uranium. Subsequent SGU drilling from 1979 to 1980 included 11 holes intersecting low-to-medium-grade uranium, alongside high-grade zinc-lead-silver mineralisation and anomalous gold in massive sulphide zones.

NordX’s exploration team believes the bedrock source of these high-grade boulders remains undiscovered, indicating considerable exploration upside. This supports the company’s approach of advancing surface sampling results into drill-ready targets, especially given the elevated grades in float samples compared with historical subsurface data.

Anomalous Uranium at Flistjärn Property Testing Parallel Structural Zones

The Flistjärn project, an approved exploration licence in Jämtland County, returned anomalous uranium values from eight outcrop samples analysed by ALS Global. The highest assay was 442.2 ppm U₃O₈, with five additional samples ranging from 10 to 84 ppm. Overall, uranium averaged 90.9 ppm across all samples, with a range of 5.0 to 442.2 ppm.

This sampling tested a northeast-striking fault zone parallel to a previously identified mineralisation corridor defined by Mawson Resources in the mid-2000s. Mawson also conducted a radon cup survey at Flistjärn with positive results, but planned drilling did not proceed. The property lies within a 20 km-long corridor in the Olden tectonic window, where uranium mineralisation is granite-related and structurally controlled.

Historical Exploration and Government Validation in Sweden

NordX’s Swedish projects build on extensive historical exploration by Swedish government agencies and previous explorers. SGU’s work from 1976 to 1985 and Mawson Resources’ campaigns from 2005 to 2011 mapped uranium-anomalous corridors and documented multiple uranium occurrences within the licence areas. Notably, the historically documented uranium anomalies remain undrilled, highlighting significant unexplored potential.

The alignment of NordX’s recent results with historical data from the 1970s and 1980s reinforces a consistent mineralisation signature across different exploration periods and techniques, strengthening the technical rationale for ongoing systematic exploration and drilling.

Sampling Procedures and Quality Assurance Measures

Boulder and outcrop samples were collected via manual rock chip sampling typical of early-stage prospecting. All samples were logged, photographed, sealed, and shipped under chain-of-custody protocols to ALS Laboratories, an ISO/IEC 17025-accredited facility. Samples were dried, crushed, and pulverised to industry standards prior to multielement analysis.

Since boulder sampling was non-systematic and aimed at early-stage geochemical indications, no QA/QC measures such as blanks, standards, or duplicates were incorporated. The company notes that boulder sample values do not confirm in-situ mineralisation, as transported glacial till indicates a potential bedrock source up-ice. Analytical methods used—ME-MS89L, ME-MS61, ME-ICPORE, and Au-AA25—were selected based on mineralisation type, host rock, and target commodities.

Exploration Plans and Drill Target Development Timeline

NordX plans a phased exploration strategy to progress from surface sampling to drilling. At Norr Döttern, Q3 2026 activities will include detailed mapping and scintillometer-guided chip sampling focused on the ND2–Liessetjåkke prospect, home to the licence’s largest boulder trains. This work aims to define drill targets for a winter drilling campaign planned between Q4 2026 and Q1 2027.

Fieldwork at Norr Döttern and other properties is proceeding as scheduled. President and Director Jonathon Franklin emphasized the priority of converting surface results into drill-ready targets to enable systematic drilling campaigns. This timeline reflects a careful progression from reconnaissance to intensive exploration as targets are refined.

Investor Considerations and Material Risk Disclosures

Investors should be aware that boulder and float samples have inherent limitations as exploration indicators. Due to glacial transport, high-grade float material may originate from bedrock sources located some distance up-glacier, and drilling may not locate the in-situ mineralisation. NordX’s forward-looking statements acknowledge this risk explicitly.

Additional material uncertainties include permit title, transfer, validity, and renewal risks; the need for a separate Finnish Government licence under the Nuclear Energy Act prior to uranium recovery; survey and drilling timing and outcomes; risks typical of mineral exploration and development; metal and mineral price fluctuations; capital availability; regulatory approvals; environmental and permitting risks; and operational or technical challenges. The immediate impact on share price remains unclear based on publicly available information.