15.4 C
Belgrade
Supported byspot_img
spot_img

Targeting Alum Shale deposits amidst Transformative political changes in Sweden

Member of Europium Groupspot_img
Supported byspot_img

District Metals has applied for eight additional mineral licenses covering a total area of in excess of 90,000 hectares targeting Alum Shale deposits (the same time of deposits as its 100% owned Viken Energy Metals deposit elsewhere in Sweden). The alum shale deposits in Sweden typically contain the energy and battery metals that are highly sought after these days. The Viken deposit, for instance, contains uranium, nickel, copper and zinc and although the uranium moratorium remains in full effect in Sweden, there recently has been some movement in the political stance on the moratorium.

The government has now officially initiated an enquiry to remove the moratorium which would be great news for District Metals as the Viken project contains approximately 1.15 billion pounds of uranium in the 2014 historical resource estimate. By staking additional alum share projects and properties, District Metals is taking advantage of its geological knowledge and the changing political winds in Sweden to become one of the country’s largest uranium companies.

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...
Supported by
Supported by
Supported by
error: Content is protected !!