The Swedish parliament voted on 5 November to repeal the moratorium on uranium mining and exploration in Sweden imposed in 2018 and approved new legislation permitting uranium exploration and mining will come into effect on 1 January 2026.

Parliament said in a statement the decision marks a pivotal shift in Sweden’s energy and mining policy, aligning national regulation with the country’s goals of improving energy security, supporting its nuclear power ambitions and strengthening its role in the supply of critical raw materials.

District Metals, a Canada-based exploration and development company focused on the Viken and Tomtebo properties in Sweden, said in a statement that Swedish bedrock hosts approximately 27% of Europe’s known uranium resources.