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Berkeley Energia inks 'phenomenal' $120mln strategic financing deal

Paul Atherley, managing director of Berkeley Energia Limited (LON:BKY) tells Proactive they've arranged the finance to bring their Salamanca uranium project into production through a US$120mln convertible loan and option package with Oman’s sovereign wealth fund.

The deal will see Oman become a substantial shareholder in the company and have the opportunity to become an offtake partner.

Quick facts: Berkeley Energia Ltd

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Price: 16.1 GBX

Market Cap: £41.7 m

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