Proactive Investors - Run By Investors For Investors

Berkeley Resources terminates head of agreement with Areva

Berkeley Resources Limited (AIM: BKY) has terminated its head of agreements signed in March 2006 with French nuclear power group Areva for off-take or marketing of uranium production from Berkeley’s projects with immediate effect, leaving it free to negotiate similar agreements with other parties.

Berkeley said that Areva intended to exercise its Berkeley options and dispose of its entire holding of shares in the company. Should the options be exercised, they will contribute over A$7 million to Berkeley’s cash position.

Berkeley Resources has a land holding and advanced uranium exploration and development projects in Spain, and is currently focusing on the completion of a feasibility study at its flagship Salamanca uranium project, incorporating the Spanish State Reserves and the Quercus Uranium processing plant.

View full BKY profile View Profile

Berkeley Energia Ltd Timeline

Related Articles

October 12 2018
Efforts in future will be directed toward the Chennai power plant and OPG’s growing solar capacity
August 07 2018
Currently it owns 100% positions in two southern Italian licences, but Aitken says reducing its interest in either or both would allow the group to broaden its reach
oil rig
February 06 2019
Zubair Corporation will pay US$5mln, paid in two tranches, to develop Ntorya

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use