On 4 February, the Swedish Mining Inspectorate granted Basin Energy, an exploration and mining services company, exclusive exploration rights for the Trollberget area in northern Sweden for three years. This development effectively doubles Basin Energy’s uranium holdings in the country.
The Trollberget project is strategically situated between the Björkberget (“Bjork”) and Rävaberget (“Rava”) projects within the Arvidsjaur-Arjeplog uranium district. With the addition of 116 km² of exploration land, Basin Energy’s total holdings now amount to 219 km² in this highly prospective region for uranium and green energy metals.
The Swedish Mining Inspectorate’s approval allows Basin Energy exclusive rights to explore the Trollberget area over the next three years.
“Basin is excited to have had its application for the Trollberget project approved and commends the relevant authorities for the rapid processing time. The field identification of structural controls at Björkberget, which disappear under a thin glacial cover, provides a compelling narrative for the prospectivity of the Trollberget project. Historic exploration work was heavily restricted to outcrop, and the potential for further hidden mineralisation beneath this thin cover is interpreted to be very high,” Basin Energy’s Managing Director, Pete Moorhouse, commented.
In November and December 2024, Basin conducted initial field assessments at the nearby Virka project and at the adjacent Bjork and Rava projects, where limited historical exploration had previously occurred. Notably, anomalous findings of base metals, gold, silver, and uranium were reported. The 2024 exploration programme included reviews of logistical access, initial outcrop mapping, and reconnaissance sampling. A total of nineteen samples were collected from Bjork, three from Rava, and twenty-three from Virka, all of which were submitted for comprehensive multielement geochemical analysis aimed at mineral characterisation of the areas. Results from this analysis are expected to be available in the first quarter of 2025.
