Berkeley Energia Ltd is a high impact, clean energy company focused on bringing its wholly owned Salamanca project into production. The world class uranium project is being developed in an historic mining area in western Spain, about three hours west of Madrid. Following recent ministerial approval, the company has now received all the European Union and National level approvals required for the initial development. The management says the company will generate measurable social and environmental benefits in the form of jobs and skills training in a depressed rural community. It will also make a significant contribution to the security of Europe’s zero carbon energy needs, where Euratom recently rated “lack of investment in new mines” as the number one risk factor facing European utilities

Exchanges: London AIM (BKY), ASX   

Financial Data from the Exchange website: LSE Summary

Recent Financial Statement: July 2017 quartery report

Further Information:
In July 2016 Berkeley published the results of a Definitive-Feasibility Study confirming that the Salamanca project will be one of the world’s lowest cost producers, capable of generating strong after tax cash flows through the current low point in the uranium cycle. The project has a Net Present Value of US$531.9 million with an internal rate of return of 60 per cent based on a discount rate of 8 per cent. The Definitive Feasibility Study has reported that over an initial ten year period the project is capable of producing an average of 4.4 m pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations. With operating costs almost exclusively in Euros and a revenue stream in US dollars the project is expected to continue to benefit from the effects of deflationary pressures within the EU.

Contact Details:
Unit 1B, Princes House
38 Jermyn Street

Phone: +44 203 903 1930

Chairman: Ian Middlemas
Managing Director: Paul Atherley

Short Description: Uranium producer

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