Will tungsten be the next big mover after rare earths?
The fundamentals for tungsten look sound, but how high could it go?
Company
LON:BKY
Berkeley Energia Limited (BKY LSE/ASX/BME) is a high impact, clean energy company focused on bringing its wholly owned Salamanca project into production. This world class uranium project is being developed in an historic mining area about three hours west of Madrid, Spain.
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The fundamentals for tungsten look sound, but how high could it go?
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The first area being targeted is in the west of the licence area 50km from Retortillo. This area has previously been mined for tin and high-grade lithium and has reported significant cobalt anomalies.
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Berkeley Energia enjoys considerable local support for its development of Salamanca
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Berkeley Energia owns the Salamanca uranium project in Spain
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
The uranium miner said it had a cash balance of around £52.8mln (A$97mln) at the quarter-end as it awaits a key report on its Salamanca uranium mine
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A glance at some of the day's highlights from the Proactive Investors newswire
Archive
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The AIM-listed uranium mine developer said it will advise shareholders of the decision by Spain’s Supreme Court on the legality of these appointments as soon as it is received
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A glance at some of the day's highlights from the Proactive Investors newswire
The uranium market has strengthened in recent months
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Straight from the horse's mouth? Not really. It was the deputy head of the Irish government, Simon Coveney, who confirmed that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”.