Norrsken Energy Limited is a joint venture company formed between Energy Ventures and Swedish mineral company IGE Nordic AB to evaluate early stage uranium exploration targets in Sweden.
Norrsken Energy Limited is an incorporated joint venture company formed in 2008 between Energy Ventures and Swedish mineral company IGE Nordic AB (now Nickel Mountain Resources AB, see www.nickelmountain.se) to evaluate early stage uranium exploration targets in Sweden.
Energy Ventures is the manager of the joint venture and has committed SEK 5 million (approximately A$780,000) to fund the initial exploration programmes and earn 51% of the company. The consolidated Norrsken Energy project portfolio comprises 100% ownership of 8 exploration permit areas covering a total area of approximately 250km2, mostly located in the north of Sweden where high-grade, fracture-hosted epigenetic uranium mineralisation targets have previously been identified.
The Norrsken uranium exploration projects range from drill-ready targets with nearby occurrences of bedrock uranium mineralisation, through to greenfield exploration targets defined by airborne radiometric surveys. Limited exploration has been undertaken on the Norrsken exploration permits and the Company is currently evaluating the best strategy for realising the value of its holdings.
