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Nuclear Aura Energy

Sweden enacts law easing path for Aura's uranium mine

Swedish legislation removing uranium mining from nuclear facility regulation took effect on 15 July, clearing a key regulatory hurdle for Aura Energy's Häggån project.

by tickstock newsroom
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Aura Energy (AIM:AURA), the AIM and ASX-listed developer of the Häggån uranium project in Sweden, said legislation amending the country's Nuclear Activities Act was enacted on 15 July as planned.

The change means uranium mining will no longer be regulated as a nuclear facility, removing the requirement for explicit municipal consent to develop a uranium mine.

Sweden's parliament voted for the amendment on 15 June as part of a wider energy policy overhaul aimed at expanding nuclear power.

It is the second piece of legislation to clear the way for uranium mining in the country, following the removal of the ban on uranium exploration and mining that took effect in January.

The moves also follow an April proposal from the Geological Survey of Sweden to designate the Häggån deposit as a site of national interest for valuable substances.

Häggån holds a historical inferred resource of approximately 800 million pounds of uranium oxide, according to Aura's prior disclosures, though this has yet to be converted to current reporting standards.

by tickstock newsroom