Aura Energy

Swedish Minister Of Energy Provides Update On Uranium Mining Ban In Sweden

Aura Energy Limited (ASX: AEE, AIM: AURA, “Aura” or “the Company”) is aware of a recent report that the Industry Committee of the Swedish parliament (‘Riksdag’) voted to reject a number of private members’ motions that were supporting an immediate lifting of the current ban on uranium mining in Sweden.1


The ban on exploration, mining and processing of uranium in Sweden came into effect on 1 August 2018 under the previous government. The new centre-right coalition government in Sweden put forth a motion on 22 November 2022 to revert the Environmental Code and Minerals Act back to its original wording before 1 August 2018, which would permit uranium mining again in Sweden. Swedish media reported in January 2023 that the Swedish Government has obtained a majority to remove the ban on uranium exploration, mining and processing.2

As is normal in many democratic jurisdictions including Sweden, the government initiates the parliamentary agenda and the form of legislation presented to parliament. Individual members of parliament can and do submit their own motions and suggestions, but these are routinely rejected on procedural points of order, even if they are aligned with the Government’s stated policy objectives.

Aura Energy understands that the rejection of the motions by the Industry Committee does not represent any change of policy or direction by the Government, which has repeated its support to lift the ban on uranium mining.

On the same day as the Industry Committee rejected the private member’s motions, the Minister of Energy and Enterprise, Ms Ebba Busch, made supportive comments regarding uranium in parliament3, an English translation of which is available on the Company’s website at auraenergy.com.au.

Legislative Support of the Swedish Coalition Government

Aura Energy makes the following observations about this matter:

  • A change to the current Swedish ban on mining uranium requires a legislative initiative from the Swedish government.
  • All four parties in the conservative coalition have stated that they support lifting the ban on mining uranium.4

Aura Energy supports the Swedish Government’s policy to undertake an orderly and considered review of uranium mining.

Aura, A Significant Near-Term Uranium Producer

Aura remains focused on the Tiris Uranium Project in Mauritania, where the Company has received a 30-year Mining Convention from the Mauritanian government. Aura recently released a significant upgrade to the Tiris Project, confirming the near-term opportunity and significant value that the low capital and operating costs project can deliver to Aura shareholders.


Click here for the full ASX Release

This article includes content from Aura Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AEE:AU
The Conversation (0)
Aura Energy (ASX:AEE, AIM:AURA)

Aura Energy


Keep reading...Show less

Fast-tracking the Tiris Uranium Project to support a clean, decarbonized future

North Shore Uranium (TSXV:NSU)

North Shore Expands Land Position at Rio Puerco

North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to announce that it has staked 27 additional mining claims (the "New Claims") at its Rio Puerco uranium project in northwestern New Mexico ("Rio Puerco" or the "Project"). The Project now includes 64 adjoining Bureau of Land Management ("BLM") claims.

In 2009, a historical uranium resource estimate of 6.0 million tonnes at an average grade of 0.09% eU3O8 for 11.4 million pounds of U3O8 was reported for Rio Puerco (the "Historical Resource"). Initial review of the historical data suggests the potential for in-situ recovery ("ISR") mining, the lowest cost method for producing uranium. The entire Historical Resource is located on the original 37 Rio Puerco claims (the "Original Claims"). Previously completed exploration work suggests that there is potential to expand the reported uranium mineralization on both the Original Claims and the New Claims.

Keep reading...Show less
Mart Wolbert, nuclear reactors.

Mart Wolbert: Uranium Prices, Supply, Demand — What's Next as Mindset Shifts

Mart Wolbert, analyst at Contrarian Codex, is seeing a uranium mindset shift as more investors take stock of the growing supply/demand imbalance in the market.

He explains how he's approaching uranium stocks and shares his price outlook.

Keep reading...Show less
xU3o8 Co-Founder Arthur Breitman.

From Nuclear to Blockchain: How xU3O8 is Reimagining Uranium Ownership

xU3O8 has reached a key milestone with the listing of its uranium-backed token across major crypto exchanges, opening the door for investors to gain direct exposure to uranium at a time when demand is accelerating, said Arthur Breitman, co-founder of Tezos, which provides the blockchain platform for xU3O8.

“xU3O8 is a tokenized asset. It represents tokenized beneficial ownership in uranium oxide,” Breitman explained. “And the platform uranium.io allows people to come in and then buy this tokenized ownership in uranium, which can be interesting for people interested in owning the commodity.”

Breitman also explained the advantages of buying tokenized uranium versus investing in uranium stocks or uranium funds.

Keep reading...Show less
Thor Energy (ASX:THR)

Term Sheet to Treat Colorado Project Uranium Waste Dumps and Gross Revenue Sharing Agreement with DISA Technologies

Pathway for Thor Energy PLC to potentially generate revenue from US Uranium and Critical Minerals Production

Thor Energy plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce the signing of a term sheet ("Term Sheet") with DISA Technologies, Inc. ("DISA") to seek to evaluate and if successful, treat historically abandoned uranium mine waste dumps ("Waste") and recover saleable uranium and other critical minerals concentrates at Thor's Colorado uranium claims. Thor holds 25% ownership rights to uranium minerals on U.S. Bureau of Land Management ("BLM") via its US subsidiary Standard Minerals Inc. ("Standard") that holds the projects (the "Colorado Projects") in Colorado in the United States, along with the 75% holder, London-listed Metals One PLC (AIM: Met1).

Keep reading...Show less
Saga Metals (TSXV:SAGA)

Saga Metals


Keep reading...Show less
Swedish flag with a yellow cross on a blue background, waving in the clear sky.

Sweden Moves to Lift Uranium-Mining Ban Through Legislative Proposal

Sweden has announced plans to lift its seven year ban on uranium mining, with a proposal to amend its Environmental Code and Minerals Act expected in parliament later this year.

If approved, the changes would take effect on January 1, 2026.

The proposal follows the conclusions of a government inquiry completed in December 2024, which recommended that uranium be treated under the same legal framework as other concession minerals. That recommendation was reviewed by the Council on Legislation in June 2025, clearing the way for parliament to consider a repeal.

Keep reading...Show less

Latest Press Releases

Related News

×