Optimisation studies are likely to demonstrate the project’s robust economics even at the current low uranium prices

Berkeley Energia has closed a previously announced US$5 million royalty financing with RCF V Annex Fund, allowing the company to get on with establishing key infrastructure at its Salamanca uranium project in Spain.  The financing comprised the sale of a 0.375% fully secured net smelter royalty over the project for $5 million alongside an additional $5 million equity placement to RCF completed at a 15% premium to the 30 – day volume weighted average price.