Aura Energy Expands Swedish Holdings with New 1000-Hectare Tenement

Strategic Expansion in Sweden

Aura Energy Limited has been granted a new exploration permit for the Gräsmyråsen nr 1 tenement in Sweden, covering just over 1000 hectares. This tenement lies directly adjacent to Aura’s existing Häggån nr 1 tenement, which is already known for its substantial polymetallic mineral resources, including a significant uranium deposit.

The new permit, awarded by Sweden’s Mining Inspectorate to Aura’s subsidiary Vanadis Battery Metals AB, provides exclusive rights to explore the area until November 2028. This expansion not only increases Aura’s landholding in a highly prospective region but also offers operational efficiencies by consolidating exploration activities across contiguous tenements.

Capitalising on a Rich Polymetallic Resource

The Häggån project is notable for its vast mineral resource base, including an inferred uranium resource estimated at 800 million pounds of U3O8, alongside vanadium and sulphate of potash. The Gräsmyråsen tenement’s proximity to Häggån and Möckelåsen tenements opens the possibility of expanding these resources further, potentially enhancing the overall project scale and value.

Philip Mitchell, Aura’s Executive Chairman, expressed enthusiasm about the permit grant, highlighting the high potential of the area and the benefits of coordinated exploration efforts. The company’s previous scoping studies have outlined a 17-year mine life based on a fraction of the existing resource, underscoring the project’s long-term promise.

Regulatory Tailwinds Boost Prospects

Adding to Aura’s strategic advantage is the recent policy shift by the Swedish government, which voted to lift the uranium exploration and exploitation ban effective from January 2026. This regulatory change removes a significant barrier that had been in place since 2018, potentially accelerating development timelines and attracting further investment interest in Sweden’s uranium sector.

While the mineral resource estimates for Häggån are based on older data with inherent uncertainties, Aura maintains that no material changes have occurred since the last assessments. The company remains focused on advancing exploration and moving towards production to meet the growing global demand for nuclear fuel as part of the clean energy transition.

Looking Ahead

The granting of the Gräsmyråsen permit marks a significant milestone for Aura Energy’s European portfolio. As exploration progresses, investors will be watching closely for updates on resource expansions, the outcome of pending concession applications, and how the evolving regulatory landscape in Sweden shapes the company’s development plans.