Aura Energy Ltd (ASX:AEE, AIM:AURA) has inked a collaboration agreement with Neu Horizon Uranium to advance uranium resource development in Sweden.
It comes after the Swedish government is taking steps to lift its uranium mining ban.
The proposed partnership agreement sees Aura invest A$100,000 for a minority stake in Neu Horizon, alongside joint efforts for regulatory engagement and technical cooperation.
“The Swedish Government's step towards lifting the uranium mining ban marks a transformational moment for the country's energy future,” said Aura chair Phil Mitchell.
“Aura Energy is proud to play a leadership role in advancing Sweden's uranium sector. Our collaboration with Neu Horizon Uranium positions us to capitalise on the country's exceptional geological endowment and support its uranium ambitions.”
Neu Horizon chair Martin Holland, meanwhile, commented: “Every now and again, along comes an incredible opportunity in mining.
“This is happening in Sweden with uranium in 2025. Our collaboration with Aura Energy is a strategic step towards unlocking Sweden's uranium potential.”