Berkeley Energia Ltd (ASX:BKY) has been granted a trading halt by the ASX, pending details of a capital raising.
Berkeley recently commenced development of the Salamanca project in western Spain.
Salamanca has the potential to be Europe’s only major uranium mine and one of the biggest producers in the world once in production, supplying over four million pounds of uranium concentrate per annum.
The halt will remain in place until the opening of trade on Tuesday 8th November 2016, or earlier if an announcement is made to the market.