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Berkeley Energia says Q4 was “one of the most significant”

Mine construction and development is advancing at the Salamanca uranium mine in western Spain.
BKY construction work at the Salamanca mine project
Construction began as uranium prices began picking up

Berkeley Energia Ltd’s (LON:BKY, ASX:BKY) fourth quarter was one of the most significant in the group’s history, according to managing director Paul Atherley.

Construction is presently underway to bring the Salamanca uranium mine, located in western Spain, into production with a targeted start date in 2018.

In the three months ended December 31 the company progressed the development, landed an important off-take deal to sell a portion of future production and it raised US$30mln of new capital.

"The Salamanca mine is being constructed just as uranium prices have begun rising after multi-year lows. We are receiving growing interest from US and Asian utilities who are looking to diversify their off-take with a low cost producer in the heart of the European Union," Atherley said in this morning’s quarterly activities report.

On a corporate level, the company had notable milestones in the quarter too. It appointed Paul Thomson as its new chief financial officer and was shortlisted for an award – the UK Stock Market Awards 'Investor Relations Team of the Year Award', along with Tesco, Sainsbury's and Next.

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Berkeley Energia Timeline

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