During the last financial year it made significant management changes, with chief executive Paul Atherley leaving the company, and, it switched office headquarters to Spain from London.
Recruitment is presently underway with the aim hiring of a suitably qualified Spanish national for the managing director and chief executive.
“These initiatives are aimed at further enhancing the company's strong engagement with its key stakeholders in Spain,” the company in a statement.
Berkeley, meanwhile, continues to work through the permitting process.
“The company continues 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 Salamanca mine,” it said.
In terms of financial results, the pre-revenue company reported a US$5.68mln loss for the year. It ended December with cash reserves of US$92.5mln.