MIDAS SHARE TIPS UPDATE: Uranium miner Berkeley Energia digs in before a nuclear boost

By JOANNE HART, FINANCIAL MAIL ON SUNDAY

“Uranium miner Berkeley Energia is based in Salamanca, 130 miles west of Madrid.

Last week, the group moved from Aim to the main market of the London Stock Exchange and listed on the Spanish market so investors all over Europe can now buy the stock in euros.

Berkeley is in a strong financial position, having signed a deal with the sovereign wealth fund of Oman to provide up to $120 million (£90 million) – enough to fund its Salamanca mine into production.”

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Berkeley Energia unveils plans to list in Spain and to move up to London’s main board

Berkeley Energia Limited (LON:BKY), owner of the Salamanca Uranium Project, has announced its intention to list the business in Spain as well as moving from AIM to the main board in London.

The change, according to managing director Paul Atherley, will allow the company to build support amongst European institutional investors whilst it is advancing activities on-site towards production.

Read the full article on ProActive Investors

Berkeley Energia in strong cash position as first quarter sees expanded exploration

The AIM-listed uranium miner said it currently holds US$100mln in cash, while also currently holding 2.75mln pounds of triuranium octoxide (U3O8) concentrate under long term contracts over the first six years of production, with potential to increase annual contracted volumes further as well as extend the contracts by a total of 1.25mln pounds.

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Berkeley Energia to start construction work on Salamanca in the New Year [Proactive Investors]

Berkeley Energia Ltd (LON:BKY) is awarding major contracts and filling key management positions for construction of the Salamanca mine, commencing in the New Year.

Amec Foster Wheeler, now part of the FTSE 250 listed Wood Group, has been selected to deliver a fixed price engineering, procurement and construction (EPC) solution for the construction of the mine, plant and associated infrastructure.

Read the full article on Proactive Investors.