#bky

Berkeley Energia attracts Omani money

Berkeley Energia (ASX:BKY, LON:BKY) has entered into an agreement with an Oman-based sovereign wealth fund which will invest up to $120M in the company’s Salamanca uranium mine. The total investment will consist of two different parts. A first tranche of $65M will be invested as an interest-free and unsecured convertible loan which could be converted by the sovereign wealth fund at a conversion…

Berkeley Energia continues to expand Zone 7

Berkeley Energia (ASX:BKY, BKY.L) is still exploring on its Salamanca project in Spain, where it has already completed and published a feasibility study for a large European uranium mine. Berkeley has completed some holes which were aiming to determine what’s underneath the Zona 7 resource, and the company will very likely be quite happy with the results. With 12 meters of in excess of 2 pounds…

Berkeley Energia continues to make good progress at Salamanca

Berkeley Energia (BKY.L, ASX:BKY) continues to advance its Salamanca uranium project in Spain as the definitive feasibility study has now confirmed the project to be one of the lowest cost uranium mines in the world. According to the study, the project will produce an average of 4.4 million pounds of uranium at a cash cost of $13.30/lbs. The initial capex will be extremely low (less than…