The listings are expected to deliver a higher profile for the company in European markets, investors were told
Limited (), owner of the Salamanca Uranium Project, has announced its intention to list the business in Spain as well as moving from AIM to the main board in London.
The change, according to managing director Paul Atherley, will allow the company to build support amongst European institutional investors whilst it is advancing activities on-site towards production.
He added the decision “represents a major strategic move forward for the company”.
Work got underway last year developing the Spanish mine, which is capable of producing an average of 4.4mln pounds of uranium per year at a total cash cost of US$15.06 per pound.
It is expected the site will create around 450 new jobs in an area of Spain that has been badly hit by long-term unemployment.
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