Europe’s new wave of nuclear reactors will have a reliable fuel source in Spain to meet power demands. Download full article – PDF
Uranium mine heralds a new era, The Telegraph
A fresh operation in Spain will be on steam just as Europe is ready to develop more nuclear power. Download full article – PDF
Take the nuclear option with Berkeley, Investors Chronicle
Berkeley Energia’s Salamanca project in western Spain is the world’s only major new uranium mine under development. Buy recommendation due to: huge discount risked to NPV, encouraging offtake agreements, growing global demand for uranium and potential for further deposits. Download full article – PDF
Uranium prevails, Mining Magazine
SALAMANCA SHINES. One mining development proceeding is Salamanca in west-central Spain, where Berkeley Energia has already begun initial site infrastructure works, with mine start-up currently scheduled for 2018. Download full article – PDF
Berkeley now courting Chinese investors, after Interalloys doubles down on offtake, Fuel Cycle Weekly
In a stunning endorsement of the prospects for a rebound in the global uranium market, Berkeley Energia (AIM/ASX:BKY) has concluded an agreement to sell first production uranium from its soon to be built, 100% owned Salamanca mine for double the volume previously inked in. Download full article – PDF
Berkeley Energia’s Nuclear Options, Growth Company Investor
Worldwide, the nuclear power industry is expanding, and uranium mining business Berkeley Energia is set to benefit from future price rises in the radioactive material. We have tended to avoid the mining sector given the carnage over the past few years. Although it hit a decisive bottom at the beginning of this year, we still want to set high bar when considering new investments in the industry. Berkeley Energia comfortably passes our key tests. It plans to mine an attractive commodity at very low cost in a good location. It is also well funded, having just completed an important round of financing. Download full article – PDF
Berkeley Energia to come into production at an ‘extremely exciting time’
“A year ago we’d just done a feasibility study [on Salamanca] and I think we were trading at about half the share price we are today”, says Paul Atherley, Chief Executive of Berkeley Energia Ltd (LON:BKY, ASX:BKY).
Meet us at One2One event with ProactiveInvestors on Thursday 8th December
Join Berkeley Energia at the next Proactiveinvestors One2One Forum, where we will present for 20 minutes followed by a Q&A session for a further 10 minutes. Following the presentation you will have the option for networking over wine and canapés. One2One forums are completely free to attend and you can
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Uranium prices set to ‘explode’ in 2018, according to Berkeley Energia executive
Uranium prices are set to “explode” in two years as demand from Western utilities and China will give the heavy metal a major uplift, according to a London-listed mining executive.
Spot uranium prices, currently trading at around $18.50 a pound, could be set to almost triple in 2018, Paul Atherley, managing director of Spain-based uranium miner Berkeley Energia, told City A.M.
And he also predicted a rally for another five years, driven by major European and US utilities needing to renegotiate five-year contracts from producers. Demand from China is also escalating.
“We are about to see, in the next few years, the biggest ever deficit in the uranium market, because all the US and EU utilities will be recontracting and also competing with China’s $570bn worth of expenditure on 65 new nuclear reactors,”
Atherley said.“The general consensus is for spot uranium prices to reach $65 a pound, but generally I would expect prices to grow by at least three times their current rate.”
Uranium: the unloved metal whose price is poised to go radioactive
Last month shovels hit the ground in a dry corner of western Spain, near the ancient city of Salamanca. Berkeley Energia, a mining company listed in Australia and on London’s junior AIM market, started work on a $100m (£80m) uranium mine.
The project hopes to create nearly 500 jobs in a depressed former mining region and tap into future demand for the heavy metal, which powers nuclear reactors.
To fund its plans, Berkeley recently raised $30m from a placing of new shares, winning support from funds run by the likes of Blackrock and JP Morgan. When it opens in 2018, the mine will be one of the lowest-cost uranium producers in the world – and the only such mine in Europe, turning out 4.5m pounds a year.
