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An announcement from Aura Energy ( (AU:AEE) ) is now available.
The Swedish Parliament has voted to lift the uranium mining ban, effective January 1, 2026, allowing uranium to be regulated under the Minerals Act. This legislative change is significant for Aura Energy, as it opens up opportunities to explore and extract uranium in Sweden, particularly at their 100% owned Häggån Project. The decision is expected to enhance Sweden’s economy and energy security, aligning with the country’s nuclear power expansion goals. Aura Energy plans to increase its investment in exploration activities in Sweden, capitalizing on the strong market outlook for uranium, which is projected to face a supply deficit by 2040.
More about Aura Energy
Aura Energy is an Australian-based mineral company with significant uranium and polymetallic projects in Africa and Europe. The company is focused on developing a uranium mine at the Tiris Uranium Project in Mauritania and plans to transition from a uranium explorer to a producer to meet the growing demand for nuclear power. Aura also owns the Häggån Project in Sweden, which contains a substantial vanadium, sulphate of potash, and uranium resource.
For detailed information about AEE stock, go to TipRanks’ Stock Analysis page.