NordX Metals (OTCQB: ULTHF) welcomes Swedish legislation removing the municipal veto on uranium extraction and processing, following the earlier lifting of Sweden's uranium-mining ban.
From July 15, 2026, subject to final confirmation, uranium projects are expected to follow the same permitting framework as other mining, benefiting NordX Metals' 100%-owned Swedish uranium and rare earth exploration portfolio.
NordX Metals (OTCQB: ULTHF) closed a non-brokered private placement of 4,000,000 units at $0.30 each, raising $1,200,000 gross proceeds. Each unit includes one share and half a warrant, with whole warrants exercisable at $0.40 for 24 months.
According to NordX, proceeds will fund working capital and exploration. Directors and officers subscribed for 203,333 units ($61,000). Securities are subject to a four-month hold to October 13, 2026, and no finder's fees were paid.