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Aura Energy Says Uranium Extraction Will Not Require Explicit Municipal Consent Under New Swedish Law; Shares Jump 5%

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Aura Energy (ASX:AEE) said the Swedish Parliament enacted new legislation on Wednesday confirming that uranium mining will no longer be regulated as a nuclear facility and that uranium extraction will no longer require explicit municipal consent, according to a Thursday Australian bourse filing.

This came after a ban on uranium exploration and mining was removed, per the filing. It also follows the Geological Survey of Sweden's proposal to designate the company's Häggån deposit as a deposit of national interest for valuable substances or materials.

Aura Energy's shares jumped 5% in recent trading on Thursday.

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