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Looking to develop world-class uranium project in Spain
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Salamanca Project has near surface, high-grade deposits
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Strong financial position with A$100mln in cash on balance sheet at end-December
What Berkeley Energia does
Berkeley Energia Limited (LON:BKY) (ASX:BKY) is developing a world-class uranium project in a historic mining area in western Spain, about three hours west of Madrid.
Following recent Spanish ministerial approval, the company has now received all the European Union and national level approvals required for the initial development of the Salamanca project and is awaiting local licences.
The large scale uranium area has the potential to support a long-life mining operation, with near-surface, high-grade deposits for very low operating costs.
The group has said the project will generate measurable social and environmental benefits in the form of jobs and skills training in a depressed rural community.
It believes the project will also make a significant contribution to the security of supply of Europes zero-carbon energy needs.
How it's doing
Berkeley Energia Ltd (LON:BKY) is working on securing approvals to start building the Salamanca mine and bring it into production.
In January the company reported it 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 mine
Berkeley said that its Spanish executives had met and had a constructive dialogue with government officials with addRead More – Source
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