Mr. Andrew Bowering reports

NORDX METALS POSITIONED TO BENEFIT AS SWEDEN UNVEILS NATIONAL MINERAL STRATEGY AND DESIGNATION OF AREAS OF IMPORTANCE

Nordx Metals Corp. has highlighted two recent developments in Sweden that bear directly on its project portfolio. On June 26, 2026, the Swedish Geological Survey designated the Gold Line belt -- host to the company's Duobblon uranium project -- as an area of importance. On July 23, 2026, the government of Sweden published a new national mineral strategy mentioning lithium development which supports continued advancement at the company's wholly owned Bergby project.

The opportunity

The new mineral strategy sets a goal of positioning Sweden as a competitive mining nation through faster, more predictable permitting, expanded exploration and continued high environmental standards. For strategic raw materials singled out in the strategy, including lithium, the government wants extraction under way -- or environmental permits or exploitation concessions in place -- by 2030. It also seeks increased extraction of all concession minerals on market terms, citing the removal of Sweden's prohibition on uranium exploration and mining, effective Jan. 1, 2026, as one measure already delivered.

Jon Franklin, Nordx president and director, commented: "Sweden has now made it official policy that it wants more exploration, faster permitting and more critical minerals, including lithium, in production or permitted by 2030. Earlier this year, it reopened uranium exploration and mining. These moves are a clear indication of the direction Sweden is heading and that they support investment in our project portfolio."

Sweden currently attracts approximately 0.94 per cent of global exploration spending on non-ferrous metals -- a share the government wants to increase by drawing in more exploration companies, including juniors. Announced measures include permitting reform, expanded geological mapping and digital data from SGU, and reviews of concession processing times, mining taxes and fees.

Duobblon uranium project

Duobblon is the company's 100-per-cent-owned uranium project comprising approximately 630 hectares, originally drilled by the SGU between 1976 and 1979. The project is located in northern Sweden within the Gold Line belt, recently classified as an area of importance by the SGU. An updated technical report for the project was filed on March 10, 2026, and is available under the company's profile on SEDAR+.

Bergby lithium project

Bergby is the company's 100-per-cent-owned, exploration-stage, drill-defined lithium project near Sweden's Gulf of Bothnia coast, covering 7,897 hectares. Designated a project of national interest on Dec. 9, 2024, Bergby has not yet had a mineral resource established but has seen considerable drilling. With lithium among the raw materials covered by the strategy's 2030 extraction goal, Bergby will see continued development.

About Nordx Metals Corp.

Nordx is an exploration and development company focused on the global demand for uranium, lithium and rare earth elements. The company targets projects in politically safe jurisdictions with the infrastructure to support rapid, cost-effective exploration, development and potential production.

We seek Safe Harbor.