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Berkeley Energia updates on permitting at Salamanca, following half-yearly results

The uranium market has strengthened in recent months

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There is a significant uranium resource at Salamanca

Berkeley Energia Ltd (LON:BKY) has received a number of favourable assessments from various regulatory bodies in regard to permitting at its Salamanca uranium mine in Spain.

These include two assessments from the Nuclear Safety Council.

WATCH: Caution over BerkeleyEnergia report casting doubt over Spanish government approval

Berkeley is now awaiting the recommendation report from the Nuclear Safety Council to the relevant minister.

Meanwhile, as previously announced, Berkeley has been informed that the local municipality remains unable to award the Urbanism Licence due to a number of outstanding items. These outstanding items have been previously disclosed and are currently being addressed by the company.

As at the end of the six months to December 2018, Berkeley Energia had A$100mln in cash on the balance sheet.

Quick facts: Berkeley Energia Ltd

Price: 13.7 GBX

LSE:BKY
Market: LSE
Market Cap: £35.41 m
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Watch

Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read