Mining Stock Daily Sweden Lifts the Uranium Mining Moratorium - Corporate Update from District Metals
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Nov 5, 2025 Garrett Ainsworth, CEO of District Metals, dives into the groundbreaking decision of Sweden lifting its uranium mining moratorium. He outlines the strategic significance for the Viken deposit and discusses upcoming plans, including permitting and drilling. Ainsworth sheds light on the regulatory landscape and the importance of engaging with the Swedish Radiation Safety Authority. He also highlights the potential of additional properties like Ardnazveta and Österkallen, all while positioning District Metals in the context of global demand for critical minerals.
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Historic Lifting Of Uranium Ban
- Sweden's parliament voted to lift the uranium mining moratorium, unlocking long-awaited opportunities for District Metals' Viken deposit.
- Garrett Ainsworth called the November 5th decision a historic positive inflection for the company and its projects.
Viken Is Polymetallic, Not Just Uranium
- Viken contains polymetallic resources including uranium, vanadium, potash and base metals that could be mined jointly.
- Ainsworth emphasized it made no sense to mine those polymetallic rocks and then discard the uranium, a rationale behind lifting the ban.
Update PEA And Drill New Targets
- District Metals plans an updated preliminary economic assessment (PEA) to reflect Viken's multi-commodity value.
- The company will prioritize drilling the new Mobile MT geophysical targets on Viken and follow-up work on alum shale properties.