The KE Report District Metals - Sweden Lifts Uranium Moratorium: Growth Plans For 2026
Nov 6, 2025
Garrett Ainsworth, President and CEO of District Metals, shares insights on Sweden's landmark decision to lift its uranium moratorium. He discusses the exciting potential for the company in uranium-rich areas like Viken, with plans for drilling and a Preliminary Economic Assessment set for 2026. Ainsworth details the strategic funding of C$9M and interest from new industry players in Sweden's evolving uranium sector. This repeal paves the way for significant growth and opportunities in critical minerals.
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Sweden Legalizes Uranium From 2026
- Sweden repealed its uranium moratorium and will legally allow uranium exploration and recovery from Jan 1, 2026.
- The change adds uranium to concession minerals and updates the Swedish Minerals Act and environmental code.
Uranium Recovery Boosts Viken Value
- District Metals can now legally recover uranium from Viken rather than discarding it to tailings.
- That materially improves the project's economics and strategic value.
Advance Viken First, Test Other Targets
- District Metals plans 2026 programs including drilling MT-defined targets at Viken and Lumsheden and a PEA on Viken.
- They will also follow up airborne radiometric/magnetic anomalies on non-alum shale properties with fieldwork then potential drilling.