London Stock Exchange welcomes Berkeley Energia to the Main Market
Berkeley Energia is a high impact, clean energy company focused on bringing its wholly owned Salamanca project into production. The Salamanca Project is being developed in an historic mining area about three hours west of Madrid, Spain. Following ministerial approval, the Company has now received all the European Union and national level approvals required for the initial development of the Salamanca Project.
The Salamanca Project will be a long term globally significant producer, one of the top 10 in the world, able to supply over four million pounds of uranium a year, equivalent to 10% of Europe’s total requirement.
The Project has some of the lowest operating and capital costs in the world, aided by the project’s proximity to outstanding existing infrastructure. As a result, the Company to proceed with construction even at the current low uranium price, which has forced many Tier one mines to cease production.
Paul Atherley, Managing Director and CEO, commented:
‘This is a proud moment for our business, it represents a major step forward as we progress with the Salamanca Project, providing economic stimulus and creating badly needed jobs in a region with some of the highest levels of unemployment in Europe.
We are developing this project just as the industry leaders Cameco and Kazatomprom implement major production cuts at their Tier I mines which will tip the uranium market into the long awaited supply deficit. Thanks to our location, just three hours from Madrid, our project will provide a security of supply to global utilities from the heart of the European Union.”