Berkeley Energia signs US$120 million sovereign wealth fund strategic investment to bring Salamanca into production

Berkeley Energia (“Company”) is pleased to announce that it has entered into an investment agreement with the sovereign wealth fund of the Sultanate of Oman agreeing to invest up to US$120 million to fully fund the Salamanca mine into production.

Managing Director, Paul Atherley, commented:

“We are delighted to welcome Oman’s sovereign wealth fund as a long-term strategic investor in the Company and look forward to working closely with them to realise the full potential of the exciting Salamanca project.

The 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.”

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