European country has undergone ‘one of most significant policy shifts’ in sector
Laramide Resources, a Canada-based uranium mine development and exploration company with significant projects in the US and Australia, has acquired exploration licences within Sweden’s Hotagen and Arjeplog-Arvidsjaur uranium provinces, establishing what it called “a strategic exploration position in one of Europe’s most prospective uranium jurisdictions”.
Sweden recently completed a series of legislative reforms to end a ban on uranium mining that was imposed in 2018.
Laramide said the licences provide exposure to highly prospective geological terranes that host numerous known uranium occurrences and deposits, including the Kläppibäcken and Pleutajokk uranium deposits.
These districts have been the focus of exploration programmes conducted by government agencies and industry participants over several decades and represent some of Sweden’s most significant uranium endowments.
“Sweden has undergone one of the most significant policy shifts in the global uranium sector,” said Marc Henderson, president and chief executive officer of Laramide Resources.
“In a relatively short period, the Swedish government has restored uranium mining, modernised the regulatory framework and reaffirmed nuclear energy as a cornerstone of the country’s long-term energy strategy.
“We believe these reforms represent a transformational shift for Sweden’s mining sector and have created an attractive opportunity to establish a strategic position within an emerging European uranium supply chain.”
Laramide said initial work will focus on digitising historical exploration data, integrating geophysical and geochemical datasets, ranking priority targets and preparing for modern field verification and drill targeting.
“The acquisition provides Laramide with a low-cost entry into one of Europe’s most prospective uranium districts,” the company said.
