Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

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.

Jamie_55a91591db06b.jpg
Why Invest In Berkeley Energia? Read More Here

Register here to be notified of future BKY Company articles
View full BKY profile

Berkeley Energia Timeline

Related Articles

bannerman-resources_BM-profile-full-sign_medium-757.jpg
October 28 2016
Bannerman CEO Brandon Munro commented: “We are delighted with the strength of the response to our placement offering."
u308_583650538afa0.jpg
November 24 2016
Broker Numis is getting bullish on uranium again following a new marketing initiative from the Kazakh government. Kazatomprom, the Kazakh-state uranium producer, is the largest producer in the world accounting for 39% of global mine production in 2015.
Berkeley Energia and its Spanish uranium story
March 15 2017
Salamanca, says the group, will be one of the globe's top ten producers and among the lowest cost producers

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.