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Berkeley Energia welcomes municipal election result and is awarded three new exploration licences

Berkeley Energia enjoys considerable local support for its development of Salamanca

The new exploration ground is prospective for lithium

Berkeley Energia Ltd (LON:BKY) rose on Tuesday following news the group has been awarded three new licences covering a 266 square kilometre area and located around 40 kilometres from the village of Retortillo in Spain, which is close to its Salamanca uranium project.

Retortillo itself has just held municipal elections in which four out of the five council seats contested were won by candidates supportive of the Berkeley Energia’s plans to develop Salamanca.Villagers from Retortillo and the surrounding community have consistently campaigned "Si a la Mina".

READ: Berkeley Energia awaiting final approvals to kick off construction of Salamanca uranium mine

The company continues to await the recommendation report from the Nuclear Safety Council and has appealed, along with others, the recent appointments to the Board of the Council and awaits the Supreme Court's ruling on this matter.

Previous geochemical analysis on the new exploration ground has shown the licence areas to be prospective for the battery and EV metals lithium, cobalt, tin, tungsten and rare earth elements. The company is accelerating plans to further define, and test drill these targets.

"We are pleased for the villagers who have been campaigning hard for the investment to now be so well represented on the municipal council,” said Berkeley chief executive Paul Atherley. “We look forward to working with the new council in achieving the outcome that the community wants.”

In morning trading, shares in Berkeley Energia were 1% higher at 3,603p.

 -- Adds share price --

Quick facts: Berkeley Energia Ltd

Price: 33 GBX

Market: LSE
Market Cap: £85.34 m

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