Mawson to Focus on its Gold and Uranium (subject to Swedish...

Mawson to Focus on its Gold and Uranium (subject to Swedish regulatory change) Properties in Sweden.

While the moratorium on exploring and mining uranium hasn’t been lifted yet, the political willingness to effectively look into the matter is strongly increasing as Europe is finally waking up to secure its own domestic source of commodities.

"If the EU is to become the first climate-neutral continent, access to sustainable metals and minerals must be ensured. We need to use the uranium we have, instead of sorting it out and considering it as waste due to the current ban on uranium mining," says Minister of Climate and Environment Romina Pourmokhtari in a press release.

Sweden - Uranium Projects
During March 2023, the Company, through a wholly owned holding company, Euro Canna Holdings Limited ("Euro Canna"), acquired six exploration licenses: Björklund nr 1 & 2, Björkråmyran nr 3, Kvarnån nr 5, Nöjdfjället nr 1, and Skuppesavon nr 2 for 16,138 hectares. All these exploration licenses are granted and are located through central and northern Sweden to explore for zirconium, scandium, yttrium and lanthanum and other lanthanides (rare earths) ("Euro Canna Projects"). The Euro Canna Projects also host the majority of Sweden's conventional hardrock historic uranium resources (combined 22.7Mlb U3O8 (see below)).
The historic uranium resources within the six exploration licences staked by Euro Canna consist of:
- Pleutajokk1: 5.3 Mlb U3O8 (1.93 Mt @ 0.120% U3O8). A vein type uranium prospect related to sodic-metasomatism and high-grade metamorphism hosted by metavolcanic rocks.
- Lilljuthatten1: 4.2 Mlb U3O8 (0.78 Mt @ 0.240 % U3O8). A vein and breccia uranium type prospect related brittle deformation in leucogranite.
- Kvarnån1: 3.7 Mlb U3O8 (1.94 Mt @ 0.086% U3O8). A vein and dissemination uranium type prospect related to sodic-metasomatism and high-grade metamorphism hosted by metavolcanic
- Kläppibäcken2: 3.3 Mlb U3O8 (1.94 Mt @ 0.080 % U3O8). A vein and breccia uranium type prospect related brittle deformation in leucogranite.
- Björkråmyran1: 3.3 Mlb U3O8 (1.33 Mt @ 0.1% U3O8). A vein type uranium prospect hosted by shear zones in albitized granitic rocks.
- Skuppesavon1 1.8 Mlb U3O8 (0.98 Mt @ 0.08% U3O8). A vein type uranium prospect related to sodic-metasomatism and high-grade metamorphism hosted by metavolcanic rocks.
- Nöjdfjället1: 1.1 Mlb U3O8 (0.76 Mt @ 0.068 % U3O8). A vein and breccia uranium type prospect related brittle deformation in leucogranite.

P.S. - Sweden accounts for 80% of the European Union’s uranium deposits. Sweden has uranium reserves of about 20,000 tonnes in the ground – so there would be enough for nuclear power if it were to be mined. Sweden currently uses 2.4 million pounds U3O8 annually in its three nuclear power plants and has committed to building two additional nuclear reactors by 2035.

Kind Regards,