en.Wedoany.com Reported - Canadian mining company District Metals has completed the submission of a Preliminary Economic Assessment (PEA) report for the Viken Energy Metals Project in Jämtland County, Sweden. The project plans to employ conventional open-pit mining and processing techniques, with an average annual production of 3.3 million lbs U3O8 (1,269 tonnes of uranium) over a 13-year mine life, while also producing vanadium and potassium salts.

A Preliminary Economic Assessment is an early-stage review of the potential economics of a mining project and may include inferred mineral resources. The company stated that approximately 77% of the mine plan's process materials are classified as indicated mineral resources, with 23% as inferred mineral resources. The assessment report was prepared by independent consulting firm P&E Mining Consultant Inc., with assistance from METS Engineering Group Pty Ltd, and complies with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The company has filed the report on the SEDAR+ system of the Canadian Securities Administrators.

The alum black shale deposits across three Swedish sites are estimated to contain over 1 million tonnes of uranium resources. The Swedish parliament voted in November 2025 to repeal the ban on uranium mining and exploration that had been in place since 2018, with the new legislation taking effect on January 1. A subsequent piece of legislation confirmed that uranium mining will no longer be regulated as a nuclear facility, and uranium extraction will not require explicit municipal consent. An earlier bill passed in June removed the requirement for a separate assessment under Swedish environmental law as well as the requirement for municipal approval, with these changes taking effect on July 15. The Häggån deposit, located in the same county and owned by Australia-based Aura Energy, also contains vanadium, nickel, molybdenum, zinc, potassium salts, and uranium resources. Aura Energy stated that the enactment of the new legislation confirms that uranium mining will no longer be regulated as a nuclear facility, and uranium extraction will no longer require explicit municipal consent.