Australia's Aura Energy gains after Sweden enacts uranium mining reforms

Aura Energy

16/07/2026 04:48

** Shares of uranium explorer Aura Energy AEE.AX rise as much as 5% to A$0.105, its biggest intraday pct gain since June 19
** Co says Sweden on July 15 enacted Nuclear Activities Act confirming uranium mining will no longer be regulated as nuclear facility and removing requirement for explicit municipal consent for uranium extraction
** Could ease development pathway for Häggån uranium project in Sweden by eliminating key approval requirement for new uranium mines, co says
** Notes, Sweden's Geological Survey in April proposed designating Häggån deposit as of national interest for valuable substances and materials 
** Stock has fallen 40% this year, including day's moves

(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))