Economic assessment for Swedish uranium project submitted; new law officially takes effect.

Canadian mining company District Metals Corp has filed a technical report on the Preliminary Economic Assessment (PEA) for the Viken energy-metal deposit in Sweden via the SEDAR+ system. This filing follows, by just a few days, the entry into force of legislation in Sweden that facilitates uranium mining development. The company first announced the assessment results in early June, outlining a plan that utilizes conventional open-pit mining and processing methods to produce an average of 3.3 million pounds of U₃O₈ (approximately 1,269 tonnes of uranium) annually over a 13-year mine life, alongside the production of vanadium and potash.

A Preliminary Economic Assessment represents an early-stage review of a mining project's potential economics and may incorporate Inferred Mineral Resources. District stated that its mine plan comprises approximately 77% Indicated Mineral Resources and 23% Inferred Mineral Resources. The company's CEO described the study as a "transformational milestone" with "global significance," positioning the Viken deposit as one of the most attractive development opportunities for critical raw materials in the current mining landscape. The report was prepared by the independent firm P&E Mining Consulting Inc. and has been filed with the Canadian securities regulators' SEDAR+ system as required.

Sweden's alum-rich black shales are estimated to contain over one million tonnes of uranium resources. Although the country had previously banned uranium exploration and mining in 2018, a parliamentary vote repealed this ban, with the new legislation taking effect on January 1, 2026. A second piece of legislation has now confirmed that uranium mining will no longer be regulated under nuclear facility statutes, nor will it require explicit municipal consent; these changes were officially implemented on July 15. Australian company Aura Energy, which holds the Häggån deposit in the same province—a site also containing vanadium, nickel, molybdenum, zinc, potash, and uranium—stated that the implementation of the new law confirms this regulatory shift.