• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    Uranium Miner Berkeley Energia Begins Trading on LSE Main Board

    Georgia Williams
    Jun. 06, 2018 04:55PM PST
    Energy Investing
    ASX:BKY

    As of June 6, Berkeley Energia will be the only Spanish mining company listed on the main board of the London Stock Exchange.

    As of Wednesday (June 6), Berkeley Energia (LSE:BKY,ASX:BKY) will be the only Spanish mining company listed on the main board of the London Stock Exchange (LSE). The listing comes after the uranium firm received approval from the UK Listing Authority.

    The company will also begin trading on the Spanish Stock Exchange (IBEX) on Thursday (June 7).

    “We are pleased to be listing Berkeley on both the Main Board of the London Stock Exchange and the Spanish Stock Exchanges,” said Paul Atherley, Berkeley’s managing director and CEO.

    “The company will be Spain’s only listed mining company and we look forward to being a part of the country’s modern mining history and creating long-term shareholder value,” he added.

    Berkeley’s primary focus is the Salamanca uranium project located in Western Spain. According to a definitive feasibility study commissioned by the company in 2016, Salamanca has a net present value of US$531.9 million with an internal rate of 60 percent.

    It is estimated that within the first decade of operation the project has the potential to produce 4.4 million pounds of uranium annually. This positive outlook has led Berkeley to assert that the Salamanca project will be one of the world’s lowest-cost producers, capable of generating strong after-tax cashflow even during the current low point in the uranium cycle.

    Last year, Berkeley penned a US$120-million strategic investment deal with the sovereign wealth fund of the Sultanate of Oman to bring Salamanca into production.

    Atherley, who was delighted to welcome Oman’s sovereign wealth fund on as a long-term strategic investor, said in a 2017 press release, “[t]he Salamanca mine is one of the only major uranium mines in development in the world today at a time when spot uranium prices are at a decade low.”

    The advancement of the Salamanca project isn’t only good news for Berkeley and Oman — it is also positive news for the EU. European nations are increasingly turning to nuclear power as a viable energy alternative as part of a push to reduce carbon emissions by 95 percent.

    In addition to offering greener energy to the EU grid, the Spanish project will also revitalize the local economy.

    “It represents a major step forward for the company as we progress with the Salamanca project, providing economic stimulus and creating badly needed jobs in a region with some of the highest levels of unemployment in Europe,” Berkeley’s CEO noted.

    Berkeley’s share price opened on the LSE at GBX 46.08 on Wednesday.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    uranium investinglse:bkypaul atherleyasx:bkyberkeley energia
    The Conversation (0)

    Go Deeper

    AI Powered
    Nuclear power plant powered by uranium at dusk.

    Uranium Stocks: 5 Biggest Companies in 2025

    Four nuclear reactors in a field.

    ASX Uranium Stocks: 5 Biggest Companies in 2025

    Latest News

    Stallion Uranium Announces Grant of Options

    North Shore Expands Land Position at Rio Puerco

    Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

    Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

    SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC

    Skyharbour Resources

    SYH:CA

    American Uranium

    AMU:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×