District Comments on Uranium Mining Announcement from the Swedish Government - Legislative Proposal to Be Brought to Parliament
District Metals (OTCQB: DMXCF) announces that the Swedish Government plans to submit a Legislative Proposal to Parliament in Q4 2025 to remove the current ban on uranium mining. If approved, the new legislation will take effect on January 1, 2026, allowing uranium exploration and extraction under the Swedish Minerals Act.
The announcement follows a government inquiry concluded in December 2024 and a submission to the Council on Legislation in June 2025. The proposed changes would enable applications for exploration permits and processing concessions for uranium under specific conditions, treating uranium similarly to other metals and minerals under the Minerals Act.
District Metals (OTCQB: DMXCF) annuncia che il Governo svedese intende presentare al Parlamento una proposta di legge nel quarto trimestre del 2025 per rimuovere l’attuale divieto di estrazione di uranio. Se approvata, la nuova normativa entrerà in vigore il 1° gennaio 2026, consentendo esplorazione e sfruttamento dell’uranio ai sensi della Legge mineraria svedese.
L’annuncio segue un’indagine governativa conclusa nel dicembre 2024 e una trasmissione al Consiglio per la Legislazione nel giugno 2025. Le modifiche proposte permetterebbero di presentare richieste di permessi di esplorazione e concessioni di trattamento per l’uranio in condizioni specifiche, trattando l’uranio alla stregua di altri metalli e minerali disciplinati dalla Legge mineraria.
District Metals (OTCQB: DMXCF) anuncia que el Gobierno sueco planea presentar al Parlamento una propuesta legislativa en el cuarto trimestre de 2025 para levantar la prohibición vigente sobre la minería de uranio. Si se aprueba, la nueva ley entrará en vigor el 1 de enero de 2026, permitiendo la exploración y extracción de uranio bajo la Ley de Minerales de Suecia.
El anuncio sigue a una investigación gubernamental concluida en diciembre de 2024 y a una remisión al Consejo de Legislación en junio de 2025. Los cambios propuestos permitirían solicitar permisos de exploración y concesiones de procesamiento para uranio bajo condiciones específicas, tratando el uranio de forma similar a otros metales y minerales regulados por la Ley de Minerales.
District Metals (OTCQB: DMXCF)는 스웨덴 정부가 2025년 4분기에 의회에 우라늄 채굴 금지 조치를 철폐하는 법안(입법안)을 제출할 계획이라고 발표했습니다. 승인될 경우 새로운 법안은 2026년 1월 1일부터 시행되어 스웨덴 광물법에 따라 우라늄 탐사와 채굴이 허용됩니다.
이번 발표는 2024년 12월에 종료된 정부 조사와 2025년 6월에 법률심사위원회에 제출된 결과에 따른 것입니다. 제안된 변경안은 특정 조건하에 우라늄에 대한 탐사 허가와 가공권 신청을 가능하게 하며, 우라늄을 광물법상 다른 금속 및 광물과 유사하게 취급하도록 규정합니다.
District Metals (OTCQB: DMXCF) annonce que le gouvernement suédois prévoit de soumettre au Parlement, au 4e trimestre 2025, une proposition de loi visant à lever l’interdiction actuelle de l’extraction d’uranium. Si elle est approuvée, la nouvelle législation entrera en vigueur le 1er janvier 2026, permettant l’exploration et l’exploitation de l’uranium en vertu de la loi minière suédoise.
Cette annonce fait suite à une enquête gouvernementale achevée en décembre 2024 et à une saisine du Conseil de la législation en juin 2025. Les modifications proposées permettraient de déposer des demandes de permis d’exploration et de concessions de traitement pour l’uranium sous des conditions spécifiques, traitant l’uranium de la même manière que les autres métaux et minéraux régis par la loi minière.
District Metals (OTCQB: DMXCF) gibt bekannt, dass die schwedische Regierung beabsichtigt, im 4. Quartal 2025 einen Gesetzesentwurf dem Parlament vorzulegen, der das derzeitige Verbot des Uranbergbaus aufheben soll. Sollte er angenommen werden, tritt die neue Gesetzgebung am 1. Januar 2026 in Kraft und erlaubt die Uranexploration und -gewinnung nach dem schwedischen Berggesetz.
Die Mitteilung erfolgt nach einer Regierungsuntersuchung, die im Dezember 2024 abgeschlossen wurde, und einer Vorlage beim Gesetzgebungsrat im Juni 2025. Die vorgeschlagenen Änderungen würden unter bestimmten Bedingungen Anträge auf Erkundungsgenehmigungen und Aufbereitungszonen für Uran ermöglichen und Uran ähnlich wie andere Metalle und Mineralien im Berggesetz behandeln.
- Potential removal of uranium mining ban in Sweden could open new business opportunities
- Legislative changes would allow uranium exploration and extraction permits
- Improved ability to attract investors for uranium polymetallic projects
- Final approval from Parliament still pending
- Specific conditions for uranium permits yet to be detailed
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that at a media briefing held by the Swedish Minister for Environment and Climate, Romina Pourmokhtari (L) on August 28, 2025 it was announced that the Swedish Government intends to submit a Legislative Proposal to Parliament to remove the current ban on uranium mining in Q4 of 2025. If approved, the new legislation permitting uranium mining and exploration will come into effect on January 1, 2026.
The proposed changes will allow the extraction and exploration of uranium under the Swedish Minerals Act. As proposed, the amendments would also allow applications for exploration permits and processing concessions for uranium under specific conditions.
This announcement follows a government inquiry into abolishing the existing ban on uranium mining which concluded in December 2024 that the ban should be removed and a subsequent submission to the Council on Legislation in June 2025 requested that uranium be permitted to be exploited like other natural resources regulated under the Minerals Act (please refer to our earlier news releases dated December 23, 2024, and June 16, 2025). This significant policy shift marks a crucial step toward exploring new energy solutions and securing Sweden's energy future.
Garrett Ainsworth, CEO of District, commented: "We are pleased to see that the Swedish government is moving forward with the removal of the uranium ban. It is obvious that the Swedish government's ambition is to create a regulatory framework where uranium is treated in the same fashion as other metals and minerals and with the same permitting requirements. If approved, the lifting of the uranium ban will create long-term clarity for us and increase our ability to attract investors, a necessity to continue to develop our uranium polymetallic projects going forward."
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, P.Geo., President and CEO of the Company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.
District is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Viken Property covers
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District of south-central Sweden and is situated between the historical Falun Mine and Boliden's Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property along an approximate 17 km trend that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines within the district.
For further information on the Tomtebo Property, please see the technical report titled "NI 43-101 Update Technical Report on the Tomtebo Project, Bergslagen Region of Sweden" dated effective October 15, 2020 and amended and restated on February 26, 2021, which is available on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
"Garrett Ainsworth"
President and Chief Executive Officer
(604) 288-4430
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking Information"
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to potential lifting of the current ban on uranium mining in Sweden.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation the reliability of exploration and drill results; reliability of data and the accuracy of publicly reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish properties; that the Swedish government will eventually lift or amend its moratorium on uranium exploration and mining in Sweden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; stability in financial and capital markets; the Company's ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of metals remaining at levels that render mineral properties economic.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; that the Swedish government maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify Mineral Resources and Mineral Reserves; the substantial expenditures required to establish Mineral Reserves through drilling and the estimation of Mineral Reserves or Mineral Resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. For additional information regarding these risks, please see the Company's MD&A for the fiscal year ended June 30, 2024, under the heading "Risk Factors", which is available at www.sedarplus.ca. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264702
FAQ
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