Paul Atherley, Managing Director of Berkeley Energia Limited (LON:BKY), tells Proactive they’ve begun the next phase of their exploration campaign on the Salamanca uranium project in Spain.
Berkeley Energia’s exploration programme targeting Zona 7 deposits
Paul Atherley, Managing Director of Berkeley Energia, discusses the next phase of exploration to discover additional deposits with similar characteristics to Zona 7.
Berkeley Energia expanding its uranium project in Spain
Berkeley Energia CEO, Paul Atherley, says that operating costs are ‘roughly’ $15/lb and, with recent uranium prices at $21/lb, he believes its Salamanca project provides excellent value. Paul also discusses the low capital requirement.
Watch the full interview on IG.
Berkeley consensus share price target implies upside of 60% to current price [Finfeed]
After shares in emerging uranium producer, Berkeley Energia (ASX: BKY) doubled from circa 60 cents in mid-2016 to hit a high of $1.20 in late January, they have retraced significantly in recent months, hitting an intraday low of 65 cents in late April.
As indicated below, there has been a trailing off in the spot uranium price in the last few months after a sustained decline from circa US$35 per pound at the start of 2016 culminated in it bottoming out around the US$20 per pound mark in the last quarter of calendar year 2016.
The rebound to circa US$27 per pound in the first quarter of 2017 quickly fizzled out and the commodity is now trading in the vicinity of US$22 per pound.
Investor Q&A Podcast, May 2017
Thank you to all who submitted questions for our recent Investor Q&A with Paul Atherley.
Podcast available to listen here
Berkeley Energia featured in Mining Journal, May 2017
Berkeley Energia’s Paul Atherley discusses uranium on the turn with Chris Cann of Mining Journal.
Berkeley Energia at the World Nuclear Fuel Cycle, Toronto 2017
Berkeley Energia’s Chief Commercial Officer, Hugo Schumann, presenting at the World Nuclear Fuel Cycle in Toronto, 27th April 2017.
Discussing how the Salamanca project’s position at the bottom of the cost curve allows it to continue towards production in the current market.
Download full presentation – PDF
Paul Atherley Managing Director of Berkeley Energia, discusses advancement of pre construction activities at the Salamanca Mine
Update on Salamanca project and announcement of off take agreement
Paul Atherley, MD of Berkeley Energia, provides an update on the progress of the construction of our Salamanca project and the recent announcement of our off take agreement.
Berkeley energised as it targets first uranium output in 2018
Berkeley Energia (BKY:AIM) commenced construction of its has $100m Salamanca project located in Western Spain and is aiming to be a clean energy supplier from the heart of the European Union (EU). Production will commence in 2018 and once in full production the mine will be one of the world’s top ten producers of uranium.
Berkeley Energia company profile reproduced with permission from SHARES Spotlight March 2017 issue www.sharesmagazine.co.uk
