Paul Atherley, MD of Berkeley Energia, provides an update on the progress of the construction of our Salamanca project and the recent announcement of our off take agreement.
Berkeley Energia (BKY:AIM) commenced construction of its has $100m Salamanca project located in Western Spain and is aiming to be a clean energy supplier from the heart of the European Union (EU). Production will commence in 2018 and once in full production the mine will be one of the world’s top ten producers of uranium.
Berkeley Energia company profile reproduced with permission from SHARES Spotlight March 2017 issue www.sharesmagazine.co.uk
One of the defining economic themes since the EU referendum last June has been the sharp slump in the pound, by close to a fifth against the dollar and 10 per cent against the euro. However, the drop in the pound is just one facet of a global foreign exchange story that has at its heart a much more familiar theme: the strength of the dollar.
Consumers are increasingly conscientious in their shopping habits, but pay little heed to the provenance of their power. Take the source of that coffee in that cup in front of you. Where’s it from? Is it ‘fair’? Who supplied it? How much does it cost? Is it ‘green’ or ‘organic’? In contrast, energy, electricity and power aren’t regarded with such evident consideration and curiosity, although paying an expensive utility bill certainly provokes its fair share of worry and concern.
Nuclear appears to be back in vogue. Here at home, after a protracted debate, work is about to start on a new fleet of nuclear plants that could in the future provide as much as 35 per cent of the UK’s electricity.
Nuclear power is, for some, the black sheep of the low-carbon energy family. On the one hand you’ve got the ‘greens’: wind, solar and hydro. All of them are exceedingly clean, or at least, they seem so. As clean as a cool breeze, as a sunny day, as a rushing river. Then you’ve got nuclear. That cold-war harkening cousin of the low-carbon family.
Berkeley Energia is thrilled to announce that it has been nominated for the UK Stock Market Awards ‘Investor Relations Team of the Year Award.’ Other companies that have been nominated include Tesco, Sainsbury’s and Next, all vast UK consumer brands.
Paul Atherley, Managing Director, commented: “It is a real honour to be nominated for this prestigious award, and we are among great company in our category! Communication with shareholders is extremely important to the Company and we look forward to keeping all stakeholders updated on developments as the Salamanca mine moves forward with construction.”
The nominees were selected by readers of Shares magazine, a retail investor publication with a circulation of approximately 60,000 readers. These awards are unique as the companies are chosen entirely by the private shareholder community, not via self-submission.
The UK Stock Market Awards highlighted that “readers were asked to select companies that they felt had most effectively disseminated information to existing and potential shareholders across the full range of media. Nominees have been chosen because they have outshone their peers whilst ensuring true shareholder value has been, and will continue to be, created.”
All nominations will now be put forward to an independent judging panel of experts from across the financial community, including corporate finance, law, financial services, accounting, public relations and media, and the winner will be announced at the end of February.
Demand for electricity will almost double in the next 25 years, with a shift from coal and oil to renewables, gas and nuclear. Download full article – PDF
The future of Berkeley Energia’s mine was secure even as uranium battled through decade-long price lows in 2016, but the company sees a more comfortable operating environment as it looks to its 2018 production date. Download full article – PDF