Aura Energy Limited, a company focused on the development of the low CAPEX, low operating cost Tiris Uranium Project in Mauritania, has appointed leading consultancy group, Diplomat Communications, to liaise with the Swedish government and other relevant stakeholders in relation to advancing the Häggån Project towards production.
Highlights
Aura owns 100% of the Häggån Project in Sweden, with inferred resources of 800 m lbs of triuranium octoxide (U3O8) and a high grade zone of 800 m pounds of vanadium oxide (V2O5), along with other important battery metals including nickel (Ni), zinc (Zn) and molybdenum (Mo).
Security of supply for energy and battery metals, including uranium and vanadium has become an important driver in Europe. The battle to recognise nuclear power as green has intensified in recent months as EU countries have faced record electricity prices this winter.
On 1 January 2022, the EU proposed a green taxonomy for nuclear power, allowing all EU states to provide a green label for ESG investment in Europe, helping meet the Net Zero 2050 carbon emission target.
Swedish energy giant Vattenfall AB has suspended orders of uranium and nuclear fuel from Russia in light of the current geopolitical situation.
Aura has appointed leading consultancy group, Diplomat Communications, to liaise with the Swedish government and other relevant stakeholders in relation to advancing the Häggån Project.
The Häggån Project provides a unique opportunity to support supply security in Sweden for both battery metals and uranium, through independent operations.
Sweden ranks as the 22nd nation supplying battery metals, but has made significant investment in battery manufacture with support for the Northvolt Gigafactory positioning electrification as a central topic of debate.
On 1 January 2022, Brussels proposed a green taxonomy for nuclear power, which will allow all EU states to provide a green label for environmental, social and governance (ESG) nuclear investment in Europe to help meet the Net Zero 2050 carbon emission target, with the aim of accelerating the low carbon transition and phase out from coal.
The battle to recognise nuclear power as green has intensified in recent months as EU countries have faced record electricity prices this winter and there have been up to 500% + increases in electricity wholesale prices for some European countries between January 2020 and January 2022.
Sweden currently has six nuclear power plants in operation, providing 40% of total power to the citizens that is carbon emission free, however in August 2018, under a power sharing deal with the Green Party, the Swedish government banned uranium mining.
Aura has appointed leading consultancy group, Diplomat Communications, to liaise with the Swedish government and other relevant stakeholders in relation to advancing the Häggån Project, with the aim of assisting Sweden in security achieving energy security in an increasingly challenging world.
Based in Sweden, Diplomat Communications is a leading strategic communications consulting firm, that works across business, politics, the financial markets and media, to build trusting relationships, and drive internal and external change.
In February 2022, Swedish energy giant Vattenfall AB suspended orders of uranium and nuclear fuel from Russia in light of the current geopolitical situation, with the company expecting further countries to cease buying uranium from Russia. This highlights the relevance of security of supply which will continue to show in the current political landscape.
Aura Energy looks forward to working with the current Swedish government with the aim of changing the situation to help provide locally sourced uranium for Sweden’s nuclear power plants, export market and associated jobs with the potential for the Häggån Project.
The company also aims to work alongside Diplomat Communications and the Swedish government to further advance the project as the global demand for battery metals and carbon free energy continues to increase, supporting Sweden’s energy transition.
Aura Chairman, Phil Mitchell, said: “We are very pleased to have appointed Diplomat Communications to work alongside Aura to assist in representing the company in liaising with the Swedish government. The Häggån Project represents a significant opportunity for Aura and we look forward to working with all parties to find a viable outcome to advance the project to production.”
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