Mr. Andrew Bowering reports

NORDX METALS WELCOMES APPROVAL OF SWEDISH LEGISLATION REMOVING MUNICIPAL VETO ON URANIUM MINING

Nordx Metals Corp. has welcomed Swedish parliament legislation removing the municipal veto over the extraction and processing of uranium, a further step toward a more simple and predictable permitting framework for uranium exploration and development in Sweden.

Following a sustained legislative effort, on Jan. 1, 2026, the Swedish parliament (the Riksdag) lifted the country's 2018 ban on uranium mining and reclassified uranium as a concession mineral under the Swedish Minerals Act. On June 15, 2026, parliament also approved changes that remove the municipal veto over uranium extraction and processing by treating these activities like other mining projects rather than nuclear installations. The change is expected to take effect on July 15, 2026, subject to final confirmation of the legislation.

Together, these reforms place uranium projects under the same regulatory framework as other mineral developments in Sweden, eliminating additional permitting requirements and municipal approval processes. The Swedish government has stated that the changes are intended to streamline permitting and provide greater certainty for projects important to Sweden's energy security and critical mineral supply chain.

While the municipal-veto reform has not yet come into force and the final legislation is still being confirmed, the direction of government policy is clear. Although Sweden has also launched a separate review of potential municipal influence over alum-shale mining, that review is at an early stage and does not affect Nordx Metals' uranium projects, which are conventional deposits and not hosted in alum shale.

Andrew Bowering, interim chief executive officer of Nordx Metals, stated: "Sweden has taken concrete steps toward a clearer regulatory framework for uranium. These developments will further enhance the strategic importance of our Swedish portfolio as Sweden and the European Union seek secure, domestic sources of uranium and critical raw materials."

Nordx Metals holds its uranium exploration interests in Sweden through its wholly owned subsidiary Swedish Minerals AB, comprising a portfolio of 100-per-cent-owned uranium and rare earth element exploration permits, among them the Duobblon, Norr Dottern, Marrviken and Flistjarn projects.

About Nordx Metals Corp.

Nordx Metals is a mineral exploration and development company with lithium, uranium and rare earth element interests in Sweden, Finland and the United States.

We seek Safe Harbor.