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Berkeley Energia Ltd

Berkeley Energia shares make debut on main board of London Stock Exchange

In the same announcement, Berkeley also confirmed it has received approval to list on the Spanish stock exchange

london stock exchange
When its shares are eventually admitted to the SSE, Berkeley will become Spain’s only listed miner

Berkeley Energia Limited (LON:BKY) shares have made their debut on the main board of the London Stock Exchange today.

The uranium miner has also received confirmation from Spanish authorities that its shares will be admitted to the Madrid, Valencia, Bilbao and Barcelona stock exchanges in the near future.

WATCH: Berkeley Energia begins trading on main board of London Stock Exchange

Once everything signed off, Berkeley will be Spain’s only listed mining company.

“We are pleased to be listing Berkeley on both the Main Board of the London Stock Exchange and the Spanish Stock Exchanges,” said chief executive Paul Atherley.

“It represents a major step forward for the company as we progress with the Salamanca Project.”

Salamanca, situated in western Spain, is Berkeley’s flagship project.

A recently-completed definitive feasibility study demonstrated that over an initial ten-year period Salamanca is capable of producing an average of 4.4mln pounds of uranium per year at a total cash cost of US$15.06 per pound.

All told, the project has a net present value of US$531.9mln and an internal rate of return of 60%, using a discount rate of 8%.

Berkeley shares rose 2.2% to 46p early on Wednesday.

Quick facts: Berkeley Energia Ltd

Price: £0.14

Market: LSE
Market Cap: £36.19 m
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Watch

Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read