The All Ordinaries Index (ASX: XAO) is up 0.7% in morning trade on Monday, with plenty of lifting help from this ASX All Ords mining share.
The fast-rising stock in question is Talga Group Ltd (ASX: TLG).
Shares in the battery materials and technology company closed on Friday trading for 43 cents. In morning trade on Tuesday, shares are changing hands for 47.5 cents apiece, up 10.5%.
Here's what's catching investor interest today.
ASX All Ords mining share leaps on Swedish approval
The Talga share price is surging after the company announced that Sweden's government has formally adopted the detailed zoning plan for the company's Nunasvaara South Graphite Mine. That mine is part of the Vittangi Anode Project.
The ASX All Ords mining share noted that the graphite deposit at Vittangi is designated as a mineral deposit of national interest, while its Vittangi Anode Project, which encompasses the Lulea Anode Refinery, is a designated EU Strategic Project under the Critical Raw Materials Act and the Net-Zero Industry Act.
With the Swedish government's zoning approval, Talga said it can now proceed with detailed design and securing building permits before project development.
The plan regulates how the land can be used and developed in compliance with Sweden's land-use and environmental regulations. It designates zones on site for infrastructure, buildings, and mining activities.
The ASX All Ords mining share has already secured the Environmental Permit and Exploitation Concession permit for the Nunasvaara South Graphite Mine.
What did management say?
Commenting on Sweden's green light for the zoning plan that's sending the ASX All Ords mining share rocketing today, "Talga CEO Martin Phillips said, "The company is very pleased with the Swedish government's decision to adopt the detailed plan."
Phillips continued:
This concludes a lengthy and thorough process that has been the subject of rigorous review and stakeholder engagement… This decision significantly derisks the Vittangi Anode Project as we progress further along the financing path. It also unlocks certainty on planning as we move closer to commercial production.
Sweden's Minister for Infrastructure and Housing, Andreas Carlson, added:
Nunasvaara in Kiruna municipality has Europe's largest and richest graphite deposit. The graphite deposit is very important for both Sweden's and the EU's supply of natural graphite. Graphite fulfills an important function in battery manufacturing and for the green transition. This is the first time that the government has used this opportunity.
Commenting on Sweden's unique position to deliver graphite, Sweden's Minister for Energy and Enterprise, Ebba Busch, said, "Graphite is important not least for our production of steel, batteries and cars, and the Swedish mining industry is the most sustainable globally."
With today's intraday boost factored in, the Talga share price is up 28% in 2026.
