Uranium Exploration in Sweden
Sweden benefits from having 40% of its electricity supply generated by nuclear energy
About Swedish Uranium Holdings
About Us
SUA Holdings Ltd (“SUA”) holds six exploration areas in Sweden. The projects are Björklund nr 1 and 2, Björkråmyran nr 3, Kvarnån nr 5, Nöjdfjället nr 1, and Skuppesavon nr 2 for 16,138 hectares.
SUA was formed under the terms of a Scheme of Arrangement between Southern Cross Gold Ltd and Mawson Gold Ltd to form Southern Cross Gold Consolidated Ltd (TSX: SXGC, ASX: SX2, OTCQX: SXGCF).
On January 10, 2025, Mawson completed the spin-out of the uranium assets held by its then wholly-owned subsidiary SUA Holdings Limited ("SUA") under the Business Corporations Act (British Columbia). As part of this Scheme, shareholders of Mawson Gold received shares in SUA as an attached free right to their holdings. Currently, SUA Holdings Limited remains a public unlisted company.
The viability of the Swedish uranium assets has been dependent on regulatory changes in Sweden. Both key changes required for the Company to continue have now been completed:
- Change to the Swedish Mining Act to add Uranium — COMPLETED. On November 5, 2025, the Swedish Parliament voted to repeal the 2018 moratorium on uranium mining, effective January 1, 2026. Uranium is now classified as a "concession mineral" under Sweden's Minerals Act.
- Removal of the Municipal Veto — COMPLETED. On June 11, 2026, the Swedish Parliament voted in favour of amendments to the Nuclear Activities Act under which uranium mines are no longer classified as a "nuclear facility." With uranium mines no longer regulated as nuclear facilities, uranium extraction will no longer require explicit municipal consent. This creates a more predictable permitting framework which will facilitate future uranium mine development.
With both regulatory changes now implemented, the directors of SUA are considering an IPO in due course. The Company has consolidated its issued capital and plans undertake a rights issue, with full details to be announced as they become available.
To access public filings on SEDAR+:
https://www.sedarplus.ca/csa-party/records/profile.html?id=05c3e2084a13843bb600625ebcfe45eb