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.

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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.

Berkeley Energia – Strategic investment update

Paul Atherley, Managing Director, discusses the $65M Oman financing transaction, which fully de-risks the capital costs required to bring the Salamanca mine into production. Paul welcomes the Oman fund as a strategic, long term investor and shareholder in the Company and Mr Deepankar Panigrahi to their Board. The Salamanca mine is the only uranium mine under construction in the world today and the Company is well positioned going in to the New Year.



Berkeley defies the uranium gloom [Mining Journal]

That isn’t to say 2017 has been uneventful; Berkeley has made significant progress with early works, continued its exploration programme and secured US$120 million of finance at the height of the uranium bear market for a project set to make the company a top-10 producer.

These achievements – delivered when the spot uranium price is hovering around a 12-year low – are testament to the project, management team and expected market resurgence for the nuclear raw material.

Read the full article on Mining Journal

Berkeley Energia uranium mining journal