Sweden repealed its uranium mining prohibition, effective Jan. 1, 2026, allowing companies to explore and extract uranium deposits – a reversal of the 2018 moratorium imposed by the previous government. The move aligns with Sweden’s goal of nuclear self-sufficiency amid Europe’s scramble to reduce reliance on Russian fossil fuels. Sweden holds an estimated 27 percent of Europe’s uranium deposits, fueling its ambitions for two large reactors by 2035 and 10 small modular reactors by 2045. Mining firms like Aura Energy (Australia) and District Metals (Canada) welcome the decision, citing Sweden’s vast uranium reserves (e.g., 1.54 billion pounds at the Viken project) as…
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