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Berkeley Energia updates on efforts toward Salamanca approvals and EV metals exploration programme

The company is working to bring the Salamanca uranium mine into production, and, is also targeting in-demand 'electric vehicle' metals

Berkeley Energia Ltd - Berkeley Energia updates on efforts toward Salamanca approvals and EV metals exploration programme

Berkeley Energia Ltd (LON:BKY), in its quarterly update, reported ongoing progress in the approvals progress in Spain for the Salamanca uranium mine.

“The company continued to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the mine,” Berkeley said.

Berkeley said that its Spanish executives met and had constructive dialogue with government officials and the company also provided additional technical documentation and clarifications to the authorities.

READ: Berkeley Energia highlights search for new CEO

The company also noted that the uranium price remained relatively flat during the quarter, and, it said that the market continues to await the report from the United States Nuclear Fuel Working Group.

It said that the findings and recommendations are expected to reduce the market uncertainty and contribute to improved market conditions moving forward.

Critical battery and ‘EV metals’ exploration

The company, meanwhile, continues to advance an exploration programme across its large ground holding aimed at in demand commodities classed as ‘critical battery and electric vehicle metal’.

Four holes from a six-hole programme has so far been drilled. They were drilled in areas previously mined for tin and lithium.

Assay results revealed multiple narrow zones of tin and lithium mineralisation. The company added that both tin and lithium mineralisation commonly occur within the same zones however, overlapping or isolated intercepts of each are also recorded.

Quick facts: Berkeley Energia Ltd

Price: 24.75 GBX

Market: LSE
Market Cap: £64 m

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