Aura Energy Limited
AURA · AIM · Energy · mcap £44m · 3.8p 3 open situations →
Open · 3
Häggån uranium legislation and permitting
Sweden lifted its uranium ban in January 2026 and the Nuclear Activities Act change was enacted on 15 July 2026. The August 2024 exploitation permit application remains under consideration. The 13 September 2026 election cost the coalition its majority, with a Social Democrat government vote on 15 October 2026 and no political initiatives until a new government is in place.
- SGU decision
- Final designation decision expected later this year 31 Jul 2026 ↗
- Permit application
- Häggån K nr 1 exploitation permit submitted August 2024; under consideration 30 Sep 2026 ↗
- Exploration licence
- Häggån no 1 remains valid 30 Sep 2026 ↗
- Company view
- Believes applications will be considered favourably 30 Sep 2026 ↗
- Election
- 13 September 2026; right-centred coalition lost majority, 173 seats versus 176 16 Oct 2026 ↗
- Government vote
- Parliament votes 15 October 2026 on Andersson as PM of a Social Democrat government 16 Oct 2026 ↗
Next: Alum shale inquiry report to government; new Swedish government vote · 28 Feb 2027
- 16 Oct 2026 Advanced DFC talks; nothing binding
- 16 Oct 2026 Due diligence and term sheet talks; nothing binding
- 1 Oct 2026 BFS slightly delayed to mid-October
- 30 Sep 2026 FID now stated as Q4 2026
Häggån transfer to SIU Metals
On 23 January 2026 Aura signed a binding agreement to move Häggån into SIU Metals, with investors paying C$10m for 19.7% (C$50m valuation). On 12 March 2026 Aura deferred completion, previously expected in June 2026, pending the alum shale inquiry and better markets. It keeps 100% of Häggån.
- Valuation
- C$50m (A$55m) set on 23 January 2026 30 Apr 2026 ↗
- Aura stake
- 78.7% of SIU Metals 13 Mar 2026 ↗
- Investors
- 19.7% for C$10m; others 0.6%; existing holders 1% 13 Mar 2026 ↗
- Timetable
- Completion expected June 2026; TSXV listing sought 13 Mar 2026 ↗
- Investor funding
- C$10m for 19.7% 30 Apr 2026 ↗
- Status
- Completion deferred 12 March 2026; Aura retains 100% of Häggån 30 Apr 2026 ↗
Next: Outcome of Swedish alum shale inquiry and market conditions
- 30 Apr 2026 Completion deferred (announced 12 Mar 2026)
- 13 Mar 2026 Binding agreement signed; awaiting completion
- 30 Jan 2026 Binding agreement signed; completion expected June 2026
- 23 Jan 2026 Binding agreement signed; financing due February 2026
Management transition and CEO succession
CEO Andrew Grove resigned in October and Executive Chair Phil Mitchell took over day-to-day management. Audit chair Bryan Dixon left at the AGM and a new Company Secretary was appointed on 22 December. A Lead Independent Director process has begun, and no new CEO is named.
- Operations
- Executive Chair Phil Mitchell
- Board change
- Bryan Dixon left as Audit and Risk Chair
- Next step
- Lead Independent Director appointment
Next: Appoint a Lead Independent Director
- 30 Jan 2026 Executive Chair running operations; no new CEO
- 20 Oct 2025 CEO resigned; Executive Chair running operations
Closed · 1
Company filings. Not investment advice.